As per the latest reports, the licensed sports merchandise market is expected to reach $50 billion by 2025 worldwide. The growing innovation and development of newer and more attractive sports apparels, accessories, and other sport varieties have fueled the market in recent years. The global sports merchandise sales rose to all-time high in previous year world cup.

Many major sports events contribute to a high amount of sales during the season, and the growing number of young fans across the globe holds potential for the increasing licensed sports merchandise. In recent years, the world has seen more sports fans than ever before. The older adults showed concern over the decline of sports lovers in the last decade but as the number of audiences showed a drastic increase in last major sports events. Studies showed that the sports culture will still be one of the most influential events in the entertainment industry.

A survey revealed that the number of audiences growth exceeded more than 30% compared to the last 2014 world cup and the merchandise competition among manufacturers are growing more rapidly. It also revealed that the last football world cup attracted more than 3.5 billion viewers worldwide during the finals.

Social media is contributing to the growing number of fans among teenagers. Sports apparels and accessories saw a massive increase in sales in recent years as the hype continues to fuel the market. Signature collectibles and accessories of sports icons have contributed to the largest share in licensed sports merchandise revenue. It was also reported that the sports audiences in the Asia Pacific has been increasing and the industry may grow to greater heights from these regions in next future. For more information please visit https://www.wearhasso.com/cufflinks

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