Sports Sponsorship Market to grow by USD 22.64 billion growth from 2022 to 2027, The emergence of new sports leagues boosts the market - Technavio

NEW YORK, Oct. 2, 2023 /PRNewswire/ -- The sports sponsorship market by type (signage, digital activation, club and venue activation, and others), application (competition sponsorship and training sponsorship), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027 report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the sports sponsorship market between 2022 and 2027 is USD 22.64 billion. The emergence of new sports leagues drives the market growth during the forecast period. Numerous opportunities for sponsorships in various sports are opening up due to the growing number of new sporting events around the world. This mainly comprises the introduction of new tournaments as well as the expansion of existing tournaments to new venues. As a result, such initiatives are fuelling the sponsors to invest more in these events which is positively impacting the market. In addition, several sporting organizations across the world depend on sponsors to offer funds, products, and services, which ultimately support the profitability of all the parties involved. Hence, such factors are driving the market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge - 

Lack of efficient tools to measure actual returns on investment (ROI) is a major challenge hindering market growth. 

• Learn about additional key drivers, trends, and challenges available with Technavio. Read a FREE Sample PDF Report Now

The sports sponsorship market is segmented by type (signage, digital activation, club and venue activation, and others), application (competition sponsorship and training sponsorship), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth by the signage segment will be significant during the forecast period. The segment comprises revenues from naming rights claims (title sponsorship, kit sponsorship, and product sponsorship) and permanent stadium signs, fixed panels, rotating panels, and video screens. One of the main factors that is fuelling the growth of this segment is the growing number of new sports leagues and the success of existing leagues fuelling the advertising investment from sponsors. Hence, such factors are expected to fuel the growth of this segment which, in turn, will drive the market growth during the forecast period.
• North America accounts for 30% of the growth of the global market during the forecast period. 

 View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the Sports Sponsorship Market:

Adidas AG, Anheuser Busch InBev SA NV, Electronic Arts Inc., Etihad Airways PJSC, Hero MotoCorp Ltd., HX Entertainment Ltd., Hyundai Motor Co., MACRON SPA, Nike Inc., PUMA SE, Qatar Airways Group Q.C.S.C., Red Bull GmbH, Renault SAS, Rolex SA, Samsung Electronics Co. Ltd., Super Group SGHC Ltd., and The Coca Cola Co

FAQS

• How do the major trends impact the market?
• How big is the North America market?
• How do the key drivers and challenges impact the market?

Related Reports:

The digital video advertising market size is estimated to grow at a CAGR of 37.19% between 2022 and 2027. The market size is forecast to increase by USD 249.42 billion. This digital video ad market report extensively covers market segmentation by end-user (retail, consumer goods, and electronics, media, and entertainment, automotive, and others), type (desktop and mobile), and geography (North America, APAC, Europe, South America, and Middle East and Africa). Growing in-app advertising is the key factor driving the growth of the global digital video Ad market.

The influencer marketing platform market size is estimated to grow at a CAGR of 30.9% between 2022 and 2027. The market size is forecast to increase by USD 37.38 billion. This influencer marketing platform market report extensively covers market segmentation by application (fashion and lifestyle, food and entertainment, travel and holiday, sports and fitness, and others), business segment (large enterprise, small, and medium enterprise), and geography (North America, Europe, APAC, Middle East and Africa, and South America). Providing a huge list of influencers with their statistics is the key factor driving the growth of the global influencer marketing platform market.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/sports-sponsorship-market-to-grow-by-usd-22-64-billion-growth-from-2022-to-2027--the-emergence-of-new-sports-leagues-boosts-the-market---technavio-301943312.html

SOURCE Technavio