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The sports trading card market is projected to grow by USD 6.71 billion with a CAGR of 13.36% during the forecast period 2021 to 2026.
This sports trading card market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sports trading card market segmentation by distribution channel (online and offline) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The sports trading card market report also offers information on several market vendors, including 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. among others.
Download Report Sample to Unlock the Sports Trading Card Market Size for the Forecast Period and Other Important Statistics
The growing demand for acquiring sports trading cards online is notably driving the sports trading card market growth, although factors such as growing online data security issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the sports trading card industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sports Trading Card Market Driver
The growing demand for acquiring sports trading cards online is one of the key drivers supporting the sports trading card market growth. Non-fungible tokens (NFTs) and blockchain technology have revolutionized the way fans obtain trading cards online. Furthermore, increased smartphone adoption due to declining smartphone average selling price (ASP) and advancements in communication network infrastructure have provided opportunities for fans to obtain sports trading cards online without the worry of misplacing them. Thus, the increased usage of technologies such as blockchain, coupled with the increasing prevalence of smartphones, is likely to influence the growth of the market during the forecast period.
Key Sports Trading Card Market Trend
The introduction of bitcoin for acquiring sports trading cards online is one of the key sports trading card market trends contributing to the market growth. Bitcoin is a digital, decentralized currency that 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. Moreover, users are not required to provide personal details while using bitcoins for acquiring sports trading cards. Bitcoin provides several advantages over regular currency, such as international transactions, easy deposits and withdrawals, lower fraud risks, and others. This results in customer satisfaction and enhanced online acquisitions of sports trading cards, which, in turn, Is expected to increase the demand for sports trading cards during the forecast period.
Key Sports Trading Card Market Challenge
Growing online data security issues is one of the factors hindering the sports trading card market growth. Most sports trading card websites do not have a proper dispute resolution framework and lack transparency in payout processes. Also, they do not have fair online trading standards, which reduces the credibility of online sports trading card platform providers. This credibility issue negatively impacts the growth of the sports trading cards market and discourages new users from acquiring sports trading cards online. This, in turn, is expected to hinder the growth of the market during the forecast period.
This sports trading card market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global sports trading cards market as a part of the global leisure products industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sports trading card market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the sports trading card market encompasses successful business strategies deployed by the key vendors. The sports trading card market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the sports trading card market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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44% of the market’s growth will originate from Europe during the forecast period. The UK, France, and Germany are the key markets for the sports trading card market in Europe. Market growth in this region will be slower than the growth of the market in APAC.
The growth of the sports industry will facilitate the sports trading card market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 positively impacted regional market growth. Furthermore, the initiation of COVID-19 vaccination campaigns and the removal of lockdowns in 2021 resulted in the resumption of sporting events in Europe. This is anticipated to fuel the growth of the market in focus during the forecast period.
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The sports trading card market share growth in the online segment will be significant during the forecast period. For instance, Panini SPA., a US-based online sports trading card supplier, offers Panini's blockchain technology, which allows collectors to possess or trade Panini NFT trading cards, which are digital trading cards that exist on a blockchain network in the same manner as real trading cards. Such developments are expected to fuel the growth of the market in the online segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sports trading card market size and actionable market insights on the post-COVID-19 impact on each segment.
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Sports Trading Card Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.36% |
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Market growth 2022-2026 |
$6.71 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
12.65 |
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Regional analysis |
Europe, North America, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
Europe at 44% |
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Key consumer countries |
US, China, UK, France, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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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 the United States Baseball Federation Inc. |
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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, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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