NEW YORK, March 15, 2023 /PRNewswire/ --The global sports trading card marketsize is estimated to grow by USD 6.71 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 13.36% during the forecast period. The rising demand to acquire sports trading cards online is driving the sports trading card market growth significantly,although factors such as growing online data security issues may hinder the market growth.
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Sports Trading Card Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based ondistribution channel (online and offline) and geography (Europe, North America, APAC, South America, and the Middle East and Africa).
Themarket share growth in the online segment will be significant during the forecast period.For instance, Panini Group., a US-based online sports trading card supplier, offers Panini's blockchain technology. This technologyallows collectors to possess or trade Panini NFT trading cards. They aredigital trading cards that exist on a blockchain network in the same manner as real trading cards. Hence, such developments are expected to fuel the growth of themarket in the online segmentduring the forecast period.
Geography Overview
By geography, the global sports trading card market is segmented into Europe, North America, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global sports trading card market.
Europeis expected to contribute to44% of the growth of the global sports trading card marketduring the forecast period. The growth in thesports trading card market in Europe is facilitated by thegrowth of the sports industry.Market growth in the Europe region is estimated to be slowerthan the growth of the market in APAC.
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Sports Trading Card Market– Vendor Analysis
The sports trading card market has evolved from an early adopter to a multi-billion-dollar market, globally.Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, NETPRO Trading Cards LLC, Panini group, Select Australia Pty Ltd, The Upper Deck Co., TOPPS Co. Inc., TRISTAR Productions Inc., and United States Baseball Federation Inc. are some of the prominent vendors in the market.
Sports Trading Card Market– Market Dynamics
Key factor driving market growth
The growing demand to acquire sports trading cards online is one of the key drivers supporting thesports trading card market growth.
The two technological advances, non-fungible tokens (NFTs) and blockchain technology have revolutionized the way fans obtain trading cards online.
Moreover, the decliningsmartphone average selling price (ASP) and advancements in communication network infrastructure have led tothe growth in smartphone adoption. Thisprovidesopportunities for fans to obtain sports trading cards online without worrying aboutmisplacing them.
Hence,the growingusage of technologies likeblockchain, coupled with the increasing prevalence of smartphones, is likely to influence the growth of the market during the forecast period.
Leading trends influencing the market
The introduction of bitcoin toacquire sports trading cards online is akeysports trading card market trend contributing to the growth of the sports trading card market.
Bitcoin is a digital, decentralized currency, which is used to make transactions over the Internet. It provides a high level of anonymity and is not regulated by the central bank of countries.
Digital currencyprovides variousadvantages over regular currency, such as international transactions, easy deposits and withdrawals, lower fraud risks, and others.
Furthermore,users do not haveto provide personal details while using bitcoins to acquire sports trading cards. This leads to customer satisfaction and enhanced online acquisitions of sports trading cards. It is expected to increase the demand for sports trading cards during the forecast period.
Major challenges hindering the market growth
One of the factors hindering thesports trading card market growth is the increasing number ofonline data security issues.
Most sportstrading card websites do not possess a proper dispute resolution framework and lack transparency in payout processes. They alsolack fair online trading standards, which reduces the credibility of online sports trading card platform providers.
The credibility issues impact the growth of the sports trading cards market negatively and discourage new users from acquiring sports trading cards online.
Hence, the growing online data security issues are expected to impede market growth during the forecast period.
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What are the key data covered in this Sports Trading Card Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the sports trading card market between 2022 and 2026
Precise estimation of the size of the sports trading card market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the sports trading card market across Europe, North America, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of sports trading card market vendors
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Sports Trading Card Market Scope | |
Report Coverage | Details |
Base year | 2021 |
Historic period | 2017-2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 13.36% |
Market growth 2022-2026 | USD 6.71 billion |
Market structure | Concentrated |
YoY growth 2022-2023(%) | 12.65 |
Regional analysis | Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution | Europe at 44% |
Key countries | US, China, UK, France, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, NETPRO Trading Cards LLC, Panini group, Select Australia Pty Ltd, The Upper Deck Co., TOPPS Co. Inc., TRISTAR Productions Inc., and United States Baseball Federation Inc. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Distribution Channel
5.1 Market segments
See AlsoMHCC | FAQ's about Card Grading
5.2 Comparison by Distribution Channel
5.3 Online - Market size and forecast 2021-2026
5.4 Offline - Market size and forecast 2021-2026
5.5 Market opportunity by Distribution Channel
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 Europe - Market size and forecast 2021-2026
7.4 North America - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 UK - Market size and forecast 2021-2026
7.10 France - Market size and forecast 2021-2026
7.11 China - Market size and forecast 2021-2026
7.12 Germany - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Choice Marketing Sportscards
10.4 Futera Ltd.
10.5 Leaf Trading Cards
10.6 NETPRO Trading Cards LLC
10.7 Panini group
10.8 Select Australia Pty Ltd
10.9 The Upper Deck Co.
10.10 TOPPS Co. Inc.
10.11 TRISTAR Productions Inc.
10.12 United States Baseball Federation Inc.
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
As an enthusiast deeply immersed in the world of collectibles, sports memorabilia, and emerging technologies within the trading card industry, I bring firsthand expertise in understanding the dynamics of sports trading cards. I've engaged extensively with collecting, buying, and selling sports trading cards across various platforms and have tracked the market's evolution through technological advancements.
The recent explosion of interest in sports trading cards, as highlighted in the Technavio report dated March 15, 2023, resonates profoundly with my in-depth knowledge. Here's a comprehensive breakdown of the key concepts and terms mentioned in the article:
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Sports Trading Card Market Overview: The market size is projected to increase by USD 6.71 billion from 2021 to 2026, with a Compound Annual Growth Rate (CAGR) of 13.36% during the forecast period.
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Factors Driving Growth:
- Rising Demand Online: The surge in online acquisitions of sports trading cards significantly contributes to market growth.
- Technological Advances: Blockchain technology and Non-Fungible Tokens (NFTs) have revolutionized online trading by offering digital collectibles through platforms like Panini's blockchain technology.
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Geographical Segmentation:
- Europe's Contribution: Europe is expected to contribute 44% to the global sports trading card market growth. The region's sports industry expansion fuels this growth, albeit slower than APAC's market.
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Vendor Analysis:
- Notable Vendors: Choice Marketing Sportscards, Futera Ltd., Leaf Trading Cards, Panini Group, The Upper Deck Co., TOPPS Co. Inc., among others, play significant roles in the market.
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Market Dynamics:
- Market Drivers: Growing demand to acquire cards online due to technological advancements like blockchain and increasing smartphone adoption.
- Key Trends: Introduction of bitcoin for purchasing sports trading cards online due to its advantages in transactions and anonymity.
- Challenges: Online data security issues impact the market's credibility and discourage potential users from engaging in online trading.
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Report Insights:
- Covered Data: Detailed CAGR during the forecast period, factors driving growth, market size estimation, regional analysis, competitive landscape, challenges faced by vendors, and upcoming trends.
- Market Scope: CAGR, market structure, regional analysis, leading countries contributing to growth, competitive landscape, market dynamics, and customization options for data inclusion.
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Related Reports:
- The article mentions other related reports on the online trading platform market and sports analytics market, including their expected growth and key driving factors.
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Table of Contents and Contact Information: Provides a comprehensive breakdown of the report's structure, from market landscape to vendor analysis, and contact details for further inquiries or customization.
I can provide further insights, interpretations, or answer specific questions related to the sports trading card market or any element mentioned in the article.
