Game On! Why Sports Trading Cards Are Scoring Big with Fans and Investors!
According to Kings Research, the global Sports Trading Cards Market was valued at USD 9.7 billion in 2022 and is anticipated to grow to USD 20.48 billion by 2030, with a compound annual growth rate (CAGR) of 9.01% from 2023 to 2030.
This market expansion is largely supported by increased smartphone adoption, influenced by decreasing average selling prices (ASP) and advancements in communication network infrastructure. These factors make it easier for sports card enthusiasts to acquire trading cards online without worrying about the risks associated with physical copies. Additionally, the integration of technologies like blockchain, coupled with rising smartphone use, is expected to significantly influence the market’s growth during this period.
Key Insights
New Product Launch By The Topps Company, Inc.?
In September 2020, The Topps Company, Inc. entered into an exclusive global partnership to become the official sticker and trading card licensee of Formula 1.
Increasing Demand for Rare Sports Trading Cards to Boost Market Growth Opportunities
The demand for rare and unique sports trading cards is a key factor driving growth opportunities in this market. To meet evolving consumer preferences, companies are focusing on innovation and new product launches. The rise of online marketplaces and e-commerce platforms also presents fresh avenues for growth, with new partnerships and significant industry developments expected to further propel market expansion.
Lack of Transparent Dispute Resolution Frameworks in Online Sports Trading Card Platforms to Challenge the Market Growth
However, the sports trading card market faces challenges, particularly due to limited dispute resolution mechanisms and transparency in payout processes on many trading card platforms. The lack of clear trading standards and fair practices impacts the credibility of these online platforms, potentially discouraging new users. Furthermore, concerns over data security may also hinder growth. Implementing comprehensive dispute resolution and trading standards could mitigate these challenges, supporting long-term market expansion.
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Growing Popularity of Sports Trading Cards in North America Drives Market Share with a CAGR of 9.86% from 2023 to 2030
North America dominated the sports trading card market in 2022, holding a 60.80% share and growing at a projected CAGR of 9.86% from 2023 to 2030. This growth is driven by the rising popularity of sports trading cards in the region, with many consumers drawn to the nostalgia and sentimental value associated with the hobby.
Major Players in the Market are Focusing on Collaborations and Acquisitions for Market Expansion
The market is competitive and includes key players like Futera , Leaf Trading Cards , LLC, Panini S.P.A., The Upper Deck Company , TRISTAR Productions, Inc. Diamond Cards Online Store , and Athletes Unlimited . These companies are focused on acquisitions, partnerships, mergers, and product launches to expand globally and strengthen their market positions.