DUBLIN, March 19, 2020 / PRNewswire / – The “Football Market – Growth, Trends and Forecasts (2020-2025)” report has been added to ResearchAndMarkets.com offer.
The global football market is expected to register a CAGR of 3.57% during the forecast period (2020-2025).
The football market is growing all over the world with the growing interest of people in football fueled by leagues at the club and country level.
Sport requires a fair amount of physical work in the form of running, thereby improving endurance levels. It also keeps the body strong, flexible and fit. Therefore, being a comprehensive training program, the game is becoming popular among young athletes, cricketers and runners, who play soccer as part of their fitness program as an alternative sport.
However, due to the popularization of video games, young people are less engaged in real games, which in turn leads to reduced demand for soccer balls.
Key market trends
Introduction of butyl bladders and silicone valves
Bladders are usually made of latex, but another line of butyl bladder soccer balls has taken over the premium soccer market due to the material’s effectiveness. Butyl bladders hold air for much longer periods of time than their latex counterparts. They also offer a better quality of contact compared to latex bladders. However, latex bladders offer better surface tension than butyl bladders.
Therefore, butyl bladders are the choice for higher quality soccer balls with latex providing the interiors for cheaper promotional and training balls. High-end soccer balls also have custom butyl valves for air retention. Silicone treated valves are often used on high end soccer balls for smooth insertion of the metal inflation needle and additional protection against air loss. Overall, butyl bladders can hold air for 3-4 weeks at a time unlike latex bladders which need to be inflated at least once a week.
Europe holds the largest share of the football market
The growing number of football participants and the number of football clubs have greatly accelerated the demand for footballs in the country, among all age groups. Thus, it provides an excellent opportunity for foreign football manufacturing companies to expand their business in the country. There are over 7,000 football teams and around 5,300 clubs are members of the English football league system. The football clubs have generated strong income, due to an increasing number of people joining these football clubs every year.
With the ever growing concept of women’s empowerment, several women’s football clubs are being introduced into Europe and other areas which train and qualify individuals to play professionally. Moreover, with the provision of considerable sponsorship for the cause, the women’s clubs become professional platforms, where teams are formed and compete at different levels in leagues and competitions, for the benefit of the sponsors as well as the players.
The main players in the market, like Adidas and Nike, are innovating their balls with abstract patterns and experimenting with the number of panels to give the ball better stability. Introducing better products to the market will pave the way for more consumers to buy reasonably priced products rather than choosing lower quality balls at slightly lower prices. Due to the spread of the football craze, customizing balls for leagues and individual matches is the newest way to attract football customers. Manufacturers are therefore focused on developing better and more attractive balls to conquer the market.
Key topics covered
1.1 Study deliverables
1.2 Study hypotheses
1.3 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market restrictions
4.3 Porter’s five forces analysis
4.3.1 Threat of new entrants
4.3.2 Bargaining power of buyers / consumers
4.3.3 Bargaining power of suppliers
4.3.4 Threat of substitute products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By size
5.1.1 Size 1
5.1.2 Size 2
5.1.3 Size 3
5.1.4 Size 4
5.1.5 Size 5
5.2 By distribution channel
5.2.1 Specialized stores
5.2.2 Supermarkets and hypermarkets
5.2.3 Online stores
5.2.4 Other distribution channels
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 South America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most active companies
6.2 Most adopted strategies
6.3 Market share analysis
6.4 Company profiles
6.4.1 Adidas AG
6.4.2 Nike Inc.
6.4.3 Puma SE
6.4.4 Under Armor Inc.
6.4.5 Select Sport A / S
6.4.6 Cambuci S / A (Penalty)
6.4.7 New Balance Inc.
6.4.8 Skechers United States Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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