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 |
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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.
