At 12.30% CAGR, Global Fantasy Sports Market Share & Size to Surpass US$ 43.74 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC
Global Fantasy Sports Market Overview (2022-2027) • Historical Market Size (2021):US$ 20.84 Billion • Forecast CAGR (2022-2027): 12.30% • Forecast Market Size (2027):US$ 43.74 Billion
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is a Fantasy Sports Market ?
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.
What are the major market drivers in the Fantasy Sports Market ?
The escalating sales of luxury vehicles 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.
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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
Based on the Demographics sector, the report finds that the utility sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
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.
List of Major Key Players:
The major players in the 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.
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