Market Size of Asia Pacific Sports Team And Clubs Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Sports Team And Clubs Market Analysis
The Asia Pacific sports team and clubs market has generated revenue of USD 66.009 billion in the current year and is poised to achieve a CAGR of more than 5% for the forecast period.
- Asia Pacific exists as the region with the largest share of the population globally, with more than 60% share. This makes the Asia Pacific lead in global consumption with a rising sports Industry. China, Japan, India, South Korea, and Indonesia exist among the Asia Pacific countries, having the leading position in the global ranking.
- Asia Pacific has become a crucial location for global sporting events. The Australian Open, Beijing Winter Olympics, Asian Games, and Fifa Under-17 World Cup were among the major sports held in Asia Pacific last year with global participation. Homegrown Asia Pacific sports leagues are occupying a status on the global stage. India Premier League clubs Mumbai Indians and Chennai Super Kings exist as the most valuable sports franchises after Liverpool FC.
- The period of COVID-19 was a hard time for sports teams and organizations, with cancellations of events, empty seats, and limited seating in the stadium. Sports organizations observed a fall in revenue during the period, and restrictions led users to adopt technology over going to stadiums.
- With the rising sports team & club market, Sports tech in Asia Pacific is observing a continuous increase. E-sports market revenue in Asia Pacific has observed a continuous increase over the period. Team ownership with buying stakes in Asia Pacific league teams is bringing Western ideas and money. Asia-Pacific (APAC) countries such as India, with their leagues of IPL (cricket), ISL (football), Pro kabaddi, and others, are promoting their sports team and clubs in the global market with the generation of a significant amount of revenue.
Asia Pacific Sports Team And Clubs Industry Segmentation
A sports team is a group of individuals who play sports, usually team sports, on the same team. A sports club is defined as a registered organization that exists to promote and develop interest in a particular sport or physical activity.
Asia Pacific sports team & clubs market is segmented by sports (football, cricket, hockey, basketball, and other sports), by revenue source (media rights, merchandising, tickets, and sponsorship), and by country (India, Australia, South Korea, China, and Rest of Asia Pacific).
The report offers market size and forecasts in value (USD) for all the above segments.
By Sports | |
Football | |
Cricket | |
Hockey | |
Basketball | |
Other Sports |
By Revenue Source | |
Media Rights | |
Merchandising | |
Tickets | |
Sponsorship |
By Country | |
India | |
Australia | |
South Korea | |
China | |
Rest of Asia Pacific |
Asia Pacific Sports Team And Clubs Market Size Summary
The Asia Pacific sports team and clubs market is experiencing robust growth, driven by the region's large population and increasing global consumption of sports. Countries like China, Japan, India, South Korea, and Indonesia are at the forefront, hosting major international sporting events such as the Australian Open, Beijing Winter Olympics, and FIFA Under-17 World Cup. These events, along with the rise of homegrown leagues like the Indian Premier League, are elevating the region's status on the global sports stage. Despite challenges posed by the COVID-19 pandemic, which led to revenue declines and a shift towards digital engagement, the market is rebounding with innovations in sports technology and digital media. The integration of e-sports and Western investment in local leagues is further propelling market expansion.
The market's growth is also fueled by the diversification of revenue streams through digital advertising, e-commerce, and online streaming services, which are enhancing fan engagement and participation. The shift from traditional TV to platforms like Amazon Prime Video and Apple TV is reshaping viewership patterns. Leagues such as the IPL and ISL are capitalizing on this trend, with fantasy sports contributing significantly to revenue. International teams and leagues are increasingly entering the Asian market, attracted by the region's growing audience and investment potential. The fragmented nature of the market, coupled with digital advancements, is fostering a competitive environment, with clubs and teams like Chennai Super Kings, Melbourne City FC, and Sri Lanka Cricket leading the charge in this dynamic landscape.
Asia Pacific Sports Team And Clubs Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 E-sports and Digital Innovation Driving the market
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1.3 Market Restraints
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1.3.1 A Large share of Sports revenue is limited to few leagues.
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1.4 Market Opportunities
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1.4.1 Increasing Advertisement and Sponsorship opportunities in the market
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1.4.2 Diversification of Revenue Channels by Sports team and Club
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1.5 Industry Attractiveness - Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Technological Innovations in Asia Pacific Sports Team and Club Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Sports
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2.1.1 Football
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2.1.2 Cricket
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2.1.3 Hockey
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2.1.4 Basketball
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2.1.5 Other Sports
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2.2 By Revenue Source
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2.2.1 Media Rights
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2.2.2 Merchandising
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2.2.3 Tickets
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2.2.4 Sponsorship
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2.3 By Country
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2.3.1 India
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2.3.2 Australia
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2.3.3 South Korea
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2.3.4 China
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2.3.5 Rest of Asia Pacific
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Asia Pacific Sports Team And Clubs Market Size FAQs
What is the current Asia Pacific Sports Team And Clubs Market size?
The Asia Pacific Sports Team And Clubs Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Sports Team And Clubs Market?
Chennai Super King, Melbourne City FC, Sri Lanka Cricket, The Raintree Club and Kawasaki Racing Team are the major companies operating in the Asia Pacific Sports Team And Clubs Market.