Online sales of sports collectibles have created huge potential for grading companies. NFT sports collectibles are rapidly gaining traction alongside physical memorabilia. Digital twins hold great potential due to the growing need for authenticity.
/EIN News/ — Pune, July 06, 2022 (GLOBE NEWSWIRE) — Market decipher has released its latest report, “Sports memorabilia market” Size, statistics, growth trend analysis and forecast report, 2022-2032. Research estimates the sports memorabilia market size to be $26 billion in 2021 and is expected to reach $227.2 billion by 2032, growing at a CAGR of 21.8% from 2022 to 2032. Sports memorabilia NFT is estimated individually at $1.4 billion now and are expected to reach $92 billion by 2032.
Get detailed research insightshe : https://www.marketdecipher.com/report/sports-collectibles-market
“Skyrocketing interest in collectibles has spurred demand for sports memorabilia in developing APAC countries. Demand has exploded with digitization (fueled by the Covid outbreak) and increased access easy to collect items through legitimate online platforms. eBay has benefited greatly from lockdown situations which have led to a surge in online sales. Goldin Auctions has become the largest auction house, doubling its sales in 2021. Sports memorabilia has emerged with immense potential for wealth management and investment firms. Grading services business must grow by leaps and bounds and be linked to the future.”
“Entry of millennials and shift from auction houses to online platforms”
Due to several factors, including the growing wealth of baby boomers, the presence of millennials in the market, and growing interest from overseas buyers, the prices of sports memorabilia have increased significantly over the past few years. Items used for the game such as balls and jerseys are in high demand. Baseball trading cards held a remarkable market share in 2021. Lastly, various auction sites like eBay and Auction of Champions have done a lot to turn sports collectibles and memorabilia into a $200+ billion industry. dollars. The core market for non-NFT sports memorabilia and cards is estimated to be worth $12.2 billion in 2021, growing 15.6% from 2022 to 2032. Although NFT is growing much faster, which is simply Due to its nascent nature and rapid adoption, the memorabilia industry is still leading the sports collectibles industry.
“What news 2022 has for investors in the sports memorabilia industry”
The Ukrainian-Russian conflict caused a significant drop in the markets. The huge enthusiasm for NFT petered out at the end of the year and then took a downward turn. The value of cryptocurrencies, which have a huge correlation with NFT markets globally, has also declined. Ignoring the short-term impact, NBA Top Shot, an NFT marketplace featuring officially licensed NBA NFTs that feature influential “moments” in the North American professional basketball league, holds vast potential for growth. It hit over $1 billion in sales in just two years. However, it is believed that the traditional market for physical collectibles will remain stable. In June, we heard from Hasbro, Inc., announcing a partnership with the National Basketball Association (NBA) and the National Basketball Players Association (NBPA) for the long-awaited relaunch of Starting Lineup, an iconic collectibles brand. sportsmen. Candy Digital, which is the next generation digital collectibles company, has partnered with Hall of Fame Digital to announce the upcoming launch of the first-ever digital collectibles starring Richard Petty. This new collection will include multiple products and will offer exclusive in-person experiences with Richard Petty and limited-edition physical memorabilia for select digital collectibles.
Download sample report: https://www.marketdecipher.com/report/sports-collectibles-market
“Enthusiasts heavily involved in acquiring and investing in the sportswear collectibles segment”
Fanatics (a leading sports memorabilia company) has expanded into several new businesses, including sports betting and non-fungible tokens. On March 8, 2022, Fanatics Collectible launched zerocool. It’s the first trading card brand to capture art, entertainment, pop culture and more. Several zerocool culture-oriented products are available on the websites. Here it is possible to claim access to the various products of all collectors. The sportswear industry is already dominated by fanatics. The company recently secured the rights to major league baseball, the NFL Players Association. The NBA has thus gained a foothold in the $13 billion collectible card market. In early 2022, it acquired leading sports trading card brand, Topps. With its NFT business unit, Candy Digital, Fanatics continues to transform sports memorabilia. In June 2021, he launched several collections in partnership with MLB, including a Lou Gehrig NFT that reportedly sold for $70,000 (to Tyler Winklevoss).
“Football memorabilia lead the industry with collectible cards giving stiff competition”
Football as a sport leads the sports memorabilia industry sales of 2.5 billion when looking at memorabilia sales alone. The collectible card trade also generates around 2.5 billion in sales of football collectibles. The NBA, NHL, NFL, and MLB have been identified as collectively holding the majority of market share. Licensed memorabilia sellers are major shareholders among other sales channels such as specialty collectibles stores and offline auction houses. NFT sports collectibles are expected to grow exponentially by 38% in the years 2022 to 2032.
“The US/China combo dictates 65% of the market and India is the biggest emerging market”
The United States leads the industry on a regional basis with approximately 70% of the market in 2021; However, Asia-Pacific countries are witnessing a rapid growth of 34% in the overall sports memorabilia collectibles market. China is a huge market for collectibles compared to other countries with lavish growth. India, the global IT powerhouse, is also emerging as a major NFT destination. With 11 NFT companies headquartered in India, it only lags behind the United States and Singapore. NFT marketplaces in India account for 5.02% of the global total. India holds huge market potential in all sectors of collectibles including trading cards, figurines and jerseys. The UK leads the European market while France lags behind as the second largest souvenir outlet. This includes Trading Cards and Sporting Goods (Jerseys, Shoes, Prints/Posters, Action Figures and Figures). The Middle East region is also expected to grow by 29.8% during the forecast period.
“What are the competitors doing in this revolutionary company?”
EBay recently launched Vault, a physical storage facility for storing and redeeming valuable cards. It’s worth mentioning that cards must be rated by top raters before being added to the vault; hence, giving ranking companies a boost. Professional Sports Authenticator (PSA) Sportscard Guaranty Corporation (SGC), Certified Collectibles Group affiliates, CGC Trading Cards, Certified Sports Guaranty and Beckett Grading Services (BGS) have established themselves as important evaluators. eBay further plans to add other categories of collectibles and luxury goods by 2023. Major companies in the collectibles and sports memorabilia market are The Topps Company, Inc. (Topps), Futera Limited, The Upper Deck Company, Leaf Trading Cards, Panini SPA, Fanatics, Inc., Press Pass Collectibles (Ppc), Tristar Productions, Inc., Gameday Sports Memorabilia, Bench Warmer, 757 Sports Collectibles, Sportscollections.com, Rittenhouse Archives Ltd. and Olx Global Bv.
- Sports memorabilia is part of the 412 billion collectibles industry (Source: Market Decipher)
- Over 60 million collectors are involved in buying/trading sports memorabilia
- Trading Cards: A Dominant Segment With Almost All Collectors Involved
- Sportswear sample jerseys had a 30% market share
- 1/3rd sales in the United States for the National Football League
- California leads the US sports memorabilia industry
- Third-Party Online Sellers Competing with Licensed Sellers
- Highly impactful secondary market in collectible cards than other memorabilia
- Sports memorabilia clothing contains 1/4e of sales
- NFT will cross half the physical value of collectibles by 2032
Report proposal and sample available at: https://www.marketdecipher.com/report/sports-collectibles-market
The best wanted souvenir products
- NFT Sports Memorabilia
- Trading Cards
- Figures (Bobble Head and Statues)
- Hats And Caps
- Clothing and uniforms (jersey and sneakers)
- Flags And Banners
- Bats (all types)
- Bullets (all types)
- Prints And Posters
- Other sports equipment
Research analysis by sport
- Car race
- Field sports
Industry Breakdown by Major Sports League
- Major League Baseball (MLB)
- Major League Baseball (NFL)
- Major League Baseball (NBA)
- Major League Baseball (NHL)
Key takeaways from the report:
- Market revenue from 2021 to 2032
- Market data for each product/sales channel/league/country
- Sports Memorabilia Market Trends
- Market competition and business analysis
- Analysis of physical and digital collectibles
- In-depth analysis of 20 major countries with data
- Main pockets of investment in the industry
- Boot strategy for entry
Detailed searches can be obtained at Sports Collectibles and Memorabilia Market (marketdecipher.com)
Related Industry Research:
NFT Collectibles Market
collectible toys market
NFT Music Collectibles Market
Sports Trading Card Market
Contact : David Correa [email protected] Market Decipher 306, Zen Business Center, Wakad, Mumbai- Banglore Highway, Pune - 411057, Maharashtra Website: www.marketdecipher.com