IMARC Group, a leading market research company, has recently releases report titled “Fantasy Sports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fantasy sports market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Fantasy Sports Market?
The global fantasy sports market size reached US$ 23.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.6 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.
What are 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 Growth Prospects And Trends In The Fantasy Sports Industry?
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.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Sports Type:
Breakup by Platform:
- Mobile Application
Breakup by Demographics:
- Under 25 Years
- 25-40 Years
- Above 40 Years
- Asia Pacific
- North America
- 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.
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- Apollo Global Management Inc.
- CBS Sports Network (CBS Broadcasting, Inc.)
- Dream Sports Inc.
- Fantasy Power 11
- Flutter Entertainment plc
- Galactus Funware Technology Private Limited
- Gameskraft Technologies
- RealTime Fantasy Sports Inc.
- and Sachar Gaming Private Limited.
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