Usually made of thick paper or paperboard, a trading card (also known as a collecting card) is a little card featuring an image of a person, place, or object on it along with extra information, such as facts or knowledge. Collectible cards with images of athletes, teams, and athletic events are known as sports trading cards. Their sentimental significance, scarcity, and investment and profit potential have made them extremely popular among collectors and investors. For sports fans, these cards bring back special memories and establish a tangible connection to the game.
Global Sports Trading Card Market Driving Factors and Challenges
The growing demand for online card transactions is one of the key factors propelling market progress. Block-chain technology and non-fungible tokens (NFTs) have radically changed the online trading card business. Additionally, fans now have the opportunity to buy smartphones online without worrying about losing them, thanks to a drop in the average selling price of these devices and advancements in communication network infrastructure. As such, the increasing adoption of block-chain technology, along with the increasing widespread usage of smartphones, is likely to affect market expansion in the years to come. The growth of bitcoin for online purchases is one of the key industrial advancements driving market expansion.
Online data security issues are one of the factors challenging the market's growth. Most websites do not have an appropriate dispute resolution framework, nor do they have transparent compensation procedures. In addition, the validity of online platform providers is undermined by the absence of fair online trading standards. This credibility issue prevents new clients from purchasing sports trading cards online and impedes the market's growth. As a result, it is expected that this will hinder market growth throughout the estimated period.
Impact of COVID-19 on Global Sports Trading Card Market
Apart from the athletes that participate in different leagues or tournaments, the majority of stadiums across the globe remain deserted. COVID-19 has contributed to the rise of the online gaming industry among tech-savvy millennials. In order to improve financial transactions between staff and supporters, the sports industry has started integrating block-chain technology into the bitcoin ecosystem. The future of sports lies with cryptocurrencies and their block-chain technology that interacts with the global market. The sports industry has realised that cryptocurrencies have the potential to be very successful in the tech-driven, post-pandemic future.
Global Sports Trading Card Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Panni S.P.A., The Topps Company, Inc., Upper Deck Company, Leaf Trading Cards, Tristar Productions, Inc., Futera, Hit Parade, Aamango, Blowout Cards, Burbank Sportscards, And Others.
Global Sports Trading Card Market Segmentation:
By Type: Based on the Type, Global Sports Trading Card Market is segmented as; Character Card, Image Card, Autograph Card and Others
By Distribution Channel: Based on the Distribution Channel, Global Sports Trading Card Market is segmented as; Hobby Shops, Breakers, Big Box Retailers, Supermarkets and Others.
By Application: Based on the Application, Global Sports Trading Card Market is segmented as; Cricket, Baseball, Basketball, Soccer, American Football, Association Football, Boxing, Cycling and Others
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.