As per the report published by Kings Research, the global Sports Trading Cards Market was valued at USD 9.7 billion in 2022. The market is projected to reach USD 20.48 billion by 2030, growing at a CAGR of 9.01% from 2023 to 2030.
The growth in smartphone adoption can be attributed to the declining average selling price (ASP) of smartphones, as well as advancements in communication network infrastructure. This trend has opened up opportunities for sports card fans to conveniently obtain trading cards online, without the concern of losing physical copies. Additionally, the expanding utilization of technologies such as blockchain, combined with the rising abundance of smartphones, is anticipated to impact the market's growth trajectory during the projected period.
Key Insights
- Based on the product, the autograph card segment generated the highest revenue of around 3.96 billion USD in 2022.
- Based on application, the association football segment held the largest market share in 2022 and is growing at a CAGR of 9.67% from 2023 to 2030
- On the basis of region, North America accounted largest market share of 60.80% in 2022
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Increasing Demand for Rare Sports Trading Cards to Boost Market Growth Opportunities
The sports trading card market presents significant opportunities for growth, primarily driven by the increasing demand for rare and unique cards. In response to this trend, market players are focusing on innovating and introducing new product offerings to cater to the ever-growing consumer preferences.
Additionally, the impact of technological advancements on the industry, with the emergence of online marketplaces and the increasing adoption of e-commerce platforms are opening up new opportunities for market players in this sector. As a result, it is predicted that the market will continue to expand in the coming years, with significant developments and new partnerships expected to drive growth further.
Lack of Transparent Dispute Resolution Frameworks in Online Sports Trading Card Platforms to Challenge the Market Growth
The sports trading card market faces challenges due to the absence of a proper dispute resolution framework and transparency in payout processes on most sports trading card websites. Moreover, these platforms exhibit insufficient fair trading standards, which adversely affect the credibility of online sports trading card providers. As a result, the sports trading cards market is facing credibility issues, which potentially discourage new users from embracing sports trading card platforms.
Moreover, the growing online data security concerns, are expected to slow down market growth during the forecast period. The implementation of robust and effective dispute resolution mechanisms and online trading standards can mitigate these threats and promote market expansion in the long term.
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 market share at 60.80% in 2022 and is growing at the fastest CAGR of 9.86% from 2023 to 2030. The sports trading card industry in North America is expected to expand due to the growing popularity of sports and entertainment trading cards in the region. This trend reflects a shift in consumer interest toward collecting cards, as the market expands to include middle-aged toddlers and collectors who find sentimental value and nostalgia in the hobby.
In light of these developments, Kings Research, analysts predict that North America's share of the sports trading card market will continue to grow during the forecasted period.
Major Players in the Market are Focusing on Collaborations and Acquisitions for Market Expansion
The market is fragmented with key players such as Futera, Leaf Trading Cards, LLC, PANINI S.P.A., The Upper Deck Company, TRISTAR Productions, Inc., Ace Authentic, Diamond Cards Online Store, and Athletes Unlimited. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.