Bank of America
Growth Trends in Women's Sports Economy
Pages
8
Time to read
18 mins
Publication
Language
English
Pages
8
Time to read
18 mins
Publication
Language
English
This report outlines the evolving landscape of women's sports as a significant growth segment within the broader sports economy. According to BofA Global Research, women's sports in the US are projected to experience over 250% revenue growth by 2030, driven by increased viewership and engagement. The report details how women's sports viewership has nearly tripled since 2020, with younger, affluent consumers contributing to higher attendance and merchandise sales. It highlights the financial empowerment of women, noting that they control a substantial portion of retail financial assets and discretionary spending, which is expected to reach $32 trillion globally by 2028. The report also discusses the increasing sponsorship opportunities in women's sports, emphasizing the shift in brand partnerships and the growing popularity of women's soccer, which is projected to gain significant fan engagement. The findings suggest that women's sports are becoming mainstream, with rising media attention and investment opportunities.