Global Fantasy Sports Market Research Report 2023-2028
IMARC Group has recently released a new research study “Fantasy Sports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Fantasy Sports Industry?
The global fantasy sports market size reached US$ 23.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 47.6 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.
What is a Fantasy Sports?
Fantasy Sports refers to recovering the seats and trimming the interior of vehicles. It includes trunk space, carpets, a center console, seat covers, roof covers, and door insides. Fantasy Sports is made using leather, vinyl, polyvinyl chloride (PVC), faux leather, and nylon, which makes the seat durable and moisture, chemical, stain, and abrasion resistant. It prevents the inevitable growing dirt and protects against pet dander, pollen, and dust that cause allergies and breathing problems. Fantasy Sports enhances the aesthetic appeal of vehicles, improves the driving posture, protects the back and spine of the passengers, and offers an improved experience. The fabrics used in making upholstery provide insulation and keep cars cool in the summer. As a result, Fantasy Sports finds widespread applications in commercial and passenger vehicles across the global.
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What Are The Key Factors Driving In The Fantasy Sports Market?
The escalating sales of luxury ehicles with enhanced features, comfortable interiors, and adequate safety arrangements, owing to the rising urbanization and the inflating disposable income levels of individuals, are among the primary factors driving the Fantasy Sports market. Besides this, the shifting consumer preference for non-woven fabrics that require less maintenance and are more reliable and economical and the elevating demand for lightweight materials are further augmenting the market growth.
Moreover, the increasing awareness among individuals toward the benefits offered by upholsteries, such as customization, easy maintenance, durability, and protection from environmental factors, is also catalyzing the global market. Apart from this, several innovations and technological advancements in the automobile sector are encouraging the leading players to expand their product portfolio, which are anticipated to propel the Fantasy Sports market over the forecasted period.
Who Are The Key Players/Companies In The Fantasy Sports Market?
Apollo Global Management Inc., CBS Sports Network (CBS Broadcasting, Inc.), Dream Sports Inc., Fantasy Power 11, FantasyPros, Fantrax, Flutter Entertainment plc, Fsport, Galactus Funware Technology Private Limited, Gameskraft Technologies, RealTime Fantasy Sports Inc., RotoBash and Sachar Gaming Private Limited
Report Segmentation
Breakup by Sports Type:
- Football
- Baseball
- Basketball
- Hockey
- Cricket
- Others
Breakup by Platform:
- Website
- Mobile Application
Breakup by Demographics:
- Under 25 Years
- 25-40 Years
- Above 40 Years
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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