Dublin, Nov. 21, 2024 (GLOBE NEWSWIRE) -- The "Sports Sponsorship Market by Type, Sponsored Services, Sponsor Categories, Sport Type, End-use, Sponsorship Providers - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Sports Sponsorship Market grew from USD 105.47 billion in 2023 to USD 114.41 billion in 2024. It is expected to continue growing at a CAGR of 8.73%, reaching USD 189.54 billion by 2030. This report provides a detailed overview of the Sports Sponsorship market, exploring several key areas:
- A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Market insights indicate that growth is driven by the global rise in sporting events, increased digital engagement of fans, and a growing inclination towards healthier lifestyles that amplify sports viewership and participation. Emerging technologies such as virtual reality, augmented reality, and data analytics present potential opportunities by offering immersive fan experiences and personalized marketing. The shift towards digital platforms for sports consumption is a pivotal trend, presenting brands with innovative ways to reach audiences through social media engagements and streaming services. To capitalize on these opportunities, businesses should invest in cutting-edge data analytics tools to understand consumer behavior and leverage social media influencers in sports.
However, market growth faces challenges like high sponsorship costs, the risk of controversies involving sports personalities, and the unpredictability of event returns on investment. The increasingly fragmented media landscape also complicates audience targeting. Key innovation and research areas include developing advanced data analytics for more accurate measurement of sponsorship ROI and exploring virtual fan engagement strategies to maintain consumer interest outside traditional media. The sports sponsorship market is inherently dynamic, characterized by rapid changes in consumer behavior and technological advancements, necessitating agile strategies and informed decision-making for effective market penetration and sustained business growth.
Sports Sponsorship Market Dynamics
- Market Drivers
- Increasing number of sports events and rising inclination of youth toward online sports events
- Rapid growth of e-sports and virtual sports worldwide
- Market Restraints
- Compliance issues associated with sports sponsorship
- Market Opportunities
- Popularity of analytics to drive sports sponsorship and fan engagement
- Emergence of new sports leagues and rising awareness toward the sponsorships for sports training
- Market Challenges
- Lack of standard KPIs and partner transparency with sports sponsorship
Key Company Profiles
The report delves into recent significant developments in the Sports Sponsorship Market, highlighting leading vendors and their innovative profiles. These include:
- Adidas AG
- Ajinomoto Co., Inc.
- Anheuser-Busch InBev SA/NV
- Anta Sports Products Limited
- ASICS Corporation
- BP PLC
- DICK'S Sporting Goods, Inc.
- Emirates Group
- Etihad Airways PJSC
- Ford Motor Company
- Heineken N.V.
- Hero MotoCorp Ltd.
- Hyundai Motor Company
- Intel Corporation
- Microsoft Corporation
- Molson Coors Beverage Company
- Monster Beverage Corporation
- MRF Limited
- Nike, Inc.
- Nissan Motor Co., Ltd.
- PepsiCo, Inc.
- Puma SE
- Qatar Airways Group, Q.C.S.C.
- RealityBLU, Inc.
- Red Bull GmbH
- Reebok International Ltd.
- Reliance Jio Infocomm Ltd.
- Rolex SA
- Samsung Electronics Co., Ltd.
- State Farm Group
- The Coca-Cola Company
- The Procter & Gamble Company
- Think and Learn Private Limited
- UPSTOX
Market Segmentation & Coverage
This research report categorizes the Sports Sponsorship Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Events
- Individuals
- Sports
- Teams
- Sponsored Services
- Financial Sponsors
- In-kind Sponsors
- Media Sponsors
- Promotional Sponsors
- Sponsor Categories
- Main Sponsor
- Official Partner
- Official Sponsor
- Technical partner
- Title sponsor
- Sport Type
- Baseball
- Basketball
- Cricket
- Football
- Golf
- Tennis
- End-use
- Competition Sponsorship
- Training Sponsorship
- Sponsorship Providers
- Aerospace & Defense
- Automotive & Transportation
- Banking, Financial Services & Insurance
- Building, Construction & Real Estate
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Information Technology
- Manufacturing
- Media & Entertainment
- Telecommunication
- Travel & Hospitality
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 189 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $114.41 Billion |
| Forecasted Market Value (USD) by 2030 | $189.54 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/oe1slx
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