Global Retail Sales of Licensed Goods and Services Hit $262.9 Billion in 2016
May 23, 2017,
New York, NY, May 22, 2017 – Global sales of licensed products and services continued their solid growth pace in 2016, rising 4.4 percent to $262.9 billion, according to the 2017 International Licensing Industry Merchandisers’ Association’s (LIMA) Annual Global Licensing Industry Survey.
The survey was conducted for the third straight year for LIMA by Brandar Consulting, LLC.
“The 2017 Survey reinforces the positive momentum of licensed products worldwide and across all categories, especially the large and growing Entertainment/Character sector,” said LIMA President Charles Riotto. “This year’s results also speak to the impressive reach and strength of licensing initiatives in growth markets around the world, contributing to the continued vitality of the industry.”
Among product categories, Apparel led the way with 14.9 percent of total global licensed retail sales, followed by Toys at 13.3 percent of the total, and Fashion Accessories at 11.3 percent. The fastest growing categories were Infant & Pet Products, as more licensors seek to capitalize on strong industry growth present in both sectors worldwide. Fueled by increases in home ownership and new housing starts in developing countries as well as a stronger housing market in the U.S., sales of licensed Home Décor products grew by 8.2 percent during the current survey period. The Video Games/Software/Apps segment was again a solid performer, growing 8.1 percent. It is now the fifth largest segment, accounting for 6.9 percent of revenue.
Royalty revenue from sales of licensed merchandise and services rose 1.3 percent to $14.1 billion. This modest increase is the byproduct of a 3.5 percent decrease in the weighted average industry royalty rate, from 8.5 percent to 8.2 percent.
The U.S./Canada remains the largest market for licensed merchandise and services, with revenue accounting for 57.9 percent of the global total, up slightly from 57.7 percent last year. The Southeast Asia/PAC region was the fastest growing of all areas worldwide, with 6.8 percent year-on-year growth; it now accounts for 3.4 percent of global licensing revenue.
Related Content By Author
Age of Millennials: Eco-Friendly Machines
Gifts & Dec Direct
AmericasMart ICON Honorees
Excellence and superior achievement in the home and gift industry were recognized in July at AmericasMart's eighth annual ICON Honors. Enjoy these video stories celebrating the 2017 award recipients: Spicher and Company, Bloomingville, Wolf Gourmet, Her Majesty's English Tea Room, Kurt S. Adler, Inc., and Chris Rosse, Rosse and Associates.