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This market analysis and report extensively covers market segmentation by Distribution Channel (online and offline) and Geography (Europe, North America, APAC, South America, and Middle East and Africa) .It also includes an in-depth analysis of drivers (factors influencing market growth), market growth and trends (emerging patterns or shifts in consumer behavior), and challenges (barriers or obstacles faced by the industry).
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Companies are implementing various strategies, such as strategic alliances, market growth and forecasting, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. One of the major company in the market include:
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, 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.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our market research and growth analyzed the data with 2021 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Market Growth Analysis
The growing demand for acquiring cards online is one of the key drivers supporting the 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 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 during market forecasting years
Market Trends and Analysis
The introduction of bitcoin for acquiring online is one of the key 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 to acquire 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 during the forecast period.
Market Challenge
Growing online data security issues is one of the factors hindering the market growth. Most 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 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 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.
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The market share growth in the online segment will be significant during the forecast period. For instance, Panini SPA., a US-based online g 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.
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Geographical Analysis
Europe is estimated to contribute 44% during the forecast period.
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The UK, France, and Germany are the key markets for the 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 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.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Sports Trading Card Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
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 (%) |
12.65 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 44% |
Key consumer countries |
US, China, UK, France, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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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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
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