Sports Sponsorship: Top Drivers that will Enable COVID-19 Recovery

Growth Drivers and Market Forecast for 2020-2024

The Sports Sponsorship Market is projected to post an incremental growth of $ 5.33 billion, at a CAGR of about 2% till 2024. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Sports Sponsorship Market: What are the factors that will drive market growth?

A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is increasing sports sponsorship spending. Sports sponsorships are known to be a powerful and impactful marketing technique and with all businesses seeking to gain a larger share of the pie, sports sponsorship is seen as a ticket to success. Sports sponsorships ensure greater visibility and media coverage for businesses and hence For more insights on the impact of this and all the other drivers, request for our FREE Sample Report

Sports Sponsorship Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Sports Sponsorship Market is segmented by Type (Signage, Digital activation, Club and venue activation, and Others) and Geography (North America, Europe, APAC, South America, and MEA). APAC will offer several growth opportunities to market vendors during the forecast period. 34% of the market growth will originate from this region with China and India being the key markets for sports sponsorship in APAC.

Sports Sponsorship Market: Vendor Landscape

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. adidas AG, Hero MotoCorp Ltd., Hyundai Motor Co., Nike Inc., Nissan Motor Co. Ltd., PepsiCo Inc., PUMA SE, Qatar Airways Group, Rolex SA, and Samsung Electronics Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. Request our Free Sample Report

Sports Sponsorship | Market Size to Grow by $ 5.33 Billion till 2024 | Top Drivers and Trends

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of about 2%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 5.33 bn through 2020-2024.
     
  3. What is a key factor driving this market?
    increasing sports sponsorship spending will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    34% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are adidas AG, Hero MotoCorp Ltd., Hyundai Motor Co., Nike Inc., Nissan Motor Co. Ltd., PepsiCo Inc., PUMA SE, Qatar Airways Group, Rolex SA, and Samsung Electronics Co. Ltd.
     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Signage, Digital activation, Club and venue activation, and Others) and Geography (North America, Europe, APAC, South America, and MEA)

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Sports Sponsorship Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the sports sponsorship market and it is expected to grow by $ 5.33 billion, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Sports Sponsorship Market: Key Trends to impact market growth

The emergence of new sports leagues is one of the key sports sponsorship market trends. APAC will offer several growth opportunities to market vendors during the forecast period. 34% of the market growth will originate from APAC with China and India being the key markets for sports sponsorship in APAC. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Sports Sponsorship Market: Top Drivers to Boost Demand

Increasing sports sponsorship spending is one of the primary factors driving the growth of the sports sponsorship market. The emergence of new sports leagues, and rapid growth of the sports industry and international sporting events will create immense growth opportunities for vendors. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Sports Sponsorship | Market Size to Grow by $ 5.33 Billion till 2024 | Top Drivers and Trends

Vendor Analysis: adidas AG, Hero MotoCorp Ltd. and Hyundai Motor Co. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. adidas AG, Hero MotoCorp Ltd., Hyundai Motor Co., Nike Inc., Nissan Motor Co. Ltd., PepsiCo Inc., PUMA SE, Qatar Airways Group, Rolex SA, and Samsung Electronics Co. Ltd. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Sports Sponsorship Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive sports sponsorship market growth during the next five years
  • Precise estimation of the sports sponsorship market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sports sponsorship market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sports sponsorship market vendors

Technavio has been monitoring the global sports sponsorship market, and it is expected to grow by USD 5.33 billion accelerating at a CAGR of about 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Sports Sponsorship | Market Size to Grow by $ 5.33 Billion till 2024 | Top Drivers and Trends

Sports Sponsorship Market: Segmentation by Type

During 2019, the signage segment accounted for the major share of the Sports Sponsorship Market.The signage segment includes the revenues generated from naming right entitlements (title sponsorship, kit sponsorship, and product sponsorship) and permanent signage on stadiums, static boards, rotational boards, and video screens. Factors such as the increasing number of new sporting leagues and the success of existing leagues are boosting the signage investment of sponsors, which is driving the growth of the segment druing the forecast period.

Sports Sponsorship Market: Segmentation by Geography

APAC was the largest Sports Sponsorship Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 34% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for sports sponsorship in APAC.

Sports Sponsorship Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. adidas AG, Hero MotoCorp Ltd. and Hyundai Motor Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

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