PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355705
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355705
Sports graphics refer to the visual elements and designs used in sports broadcasts, live events, and digital platforms to enhance the viewer's experience and provide information about the game or event. These graphics are typically used to display scores, statistics, player profiles, and other relevant information. The Sports Graphics market is expanding because of factors such as increasing disposable income and growing consumer spending on sports goods. Sports graphics are designed to engage viewers, provide pertinent information, and enhance the overall viewing experience. They are created using specialized software and tools, and their design and implementation may vary depending on the specific sport, broadcast network, or event. Its importance has progressively increased during the last few decades.
According to Statista, in terms of purchasing power parity, the United States had the highest gross household disposable income per capita in OECD countries in 2021. Their disposable income per capita was close to USD 55,000. Luxembourg came in second with roughly USD 50,000. Furthermore, Americans had a total of 16.02 trillion dollars in disposable personal income in 2021. Per capita personal disposable income was 47,763 dollars in that same year. Another important component driving space is growing consumer spending on sports goods. As per Statista, the global revenue in the sports equipment section of the toys & hobbies market was predicted to expand by USD 43.6 billion in between 2023 and 2027 expected to reach up to 204.48 billion US dollars by 2027. In addition, in the financial year 2022, sports expenditure in India was about USD 0.21 billion. This was an increase from the previous financial year. The largest share of this expense went towards Khelo India which promotes development of sports. Also, expansion of the global sports industry into digital platforms and rapid urbanization would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Sports Graphics stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Sports Graphics Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising consumer spending on sports goods in this region. According to Statista, in 2022, the total revenue of the sports equipment market in the United States accounts for USD 17.44 billion. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing disposable income and rising adoption of athleisure fashion trends due to advancement of technology in this region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable