Key Takeaways
- The global licensing industry generated $345 billion in retail sales of licensed products in 2023, representing a 5.2% year-over-year growth.
- Brand licensing accounted for 78% of the total global licensing market value in 2022.
- The U.S. licensing market size reached $138 billion in 2023, up from $131 billion in 2022.
- Average licensing royalty rate across industries was 8.2% in 2023.
- U.S. licensors reported average revenue of $45 million per company in 2022.
- Global licensing royalty payments totaled $28 billion in 2023.
- Character licensing dominated with 35% market share in toys sector in 2023.
- Sports licensing represented 18% of U.S. market in 2022.
- Fashion and apparel licensing grew 9% in Europe 2023.
- 72% of consumers prefer licensed merchandise in entertainment category.
- 45% increase in demand for sustainable licensed products in 2023.
- Gen Z accounts for 38% of licensed apparel purchases globally.
- U.S. represents 40% of global licensing market share in 2023.
- China licensing market grew 10.2% to $68 billion in 2023.
- Europe licensing sales €82 billion, 24% of world total 2022.
The global licensing industry continues growing strongly, fueled by entertainment and brand expansion.
Consumer & Brand Trends
- 72% of consumers prefer licensed merchandise in entertainment category.
- 45% increase in demand for sustainable licensed products in 2023.
- Gen Z accounts for 38% of licensed apparel purchases globally.
- 65% of parents buy licensed toys for brand familiarity.
- Brand loyalty drives 52% of repeat licensing purchases.
- Digital collectibles NFT licensing adopted by 28% of fans in 2023.
- 41% of shoppers influenced by celebrity endorsements in licensing.
- E-commerce sales of licensed goods up 25% to 55% of total in 2023.
- 67% of millennials seek cross-category licensed products.
- Social media drives 49% of licensing product discoveries.
- 56% prefer licensed merchandise over non-branded alternatives.
- Experiential licensing events attended by 33% more consumers in 2023.
- 39% growth in female-targeted licensed fashion lines.
- Subscription boxes with licensed items up 18% subscriber base.
- 62% of sports fans buy team-licensed apparel annually.
- Eco-friendly licensing appeals to 71% of urban consumers.
- AR/VR licensed experiences used by 24% of gaming consumers.
- 48% report higher satisfaction with branded licensed home goods.
- Personalized licensing products demand up 30% via apps.
- 55% of foodies prefer character-licensed snacks.
- Gaming IP licensing influences 66% of peripheral purchases.
- 44% shift to licensed wellness products post-2022.
- Omnichannel licensing exposure boosts sales 27%.
Consumer & Brand Trends Interpretation
Financial Metrics
- Average licensing royalty rate across industries was 8.2% in 2023.
- U.S. licensors reported average revenue of $45 million per company in 2022.
- Global licensing royalty payments totaled $28 billion in 2023.
- Entertainment licensing royalties averaged 10.5% of wholesale sales in 2023.
- Sports licensing generated $4.2 billion in royalties for rights holders in 2022.
- Music licensing royalties reached $2.1 billion from streaming in 2023.
- Brand extension licensing yielded 15% profit margins on average in 2023.
- Licensing deal values averaged $5.2 million globally in 2023.
- U.S. licensing industry EBITDA margin was 22% in 2022.
- Advance payments in licensing contracts averaged $1.8 million in 2023.
- Guaranteed minimum royalties constituted 65% of total payments in 2022.
- Fashion licensing royalties per deal hit $3.4 million average in 2023.
- Tech IP licensing revenue $120 billion globally in 2023.
- Average audit recovery in licensing was 2.5% of reported sales in 2022.
- Cross-border licensing royalties grew 8% to $15 billion in 2023.
- Toy licensing minimum guarantees averaged $750,000 per property in 2023.
- Celebrity endorsement licensing fees averaged $2.5 million in 2022.
- Video game IP licensing royalties 12.3% rate in 2023.
- Publishing licensing advances $1.2 million average in 2023.
- Health product licensing royalties 9.8% average in 2022.
- Automotive brand licensing revenue $1.1 billion in royalties 2023.
- Food licensing deal NPV averaged $10 million in 2023.
- Home decor licensing profit share 55/45 licensor/licensee average.
- QSR licensing franchise fees 6% of sales in 2023.
- Digital content licensing revenue per user $4.50 annually in 2023.
- Entertainment licensing accounted for 42% of total industry royalties in 2023.
Financial Metrics Interpretation
Global & Regional Data
- U.S. represents 40% of global licensing market share in 2023.
- China licensing market grew 10.2% to $68 billion in 2023.
- Europe licensing sales €82 billion, 24% of world total 2022.
- Japan character licensing $19 billion, highest per capita.
- Latin America licensing up 7% to $12 billion in 2023.
- Middle East licensing market $5.4 billion, 15% CAGR since 2019.
- Canada licensing industry $9.8 billion CAD in 2023.
- Australia/New Zealand combined $4.2 billion AUD 2022.
- India licensing market exploded 14% to $3.5 billion in 2023.
- Brazil leads South America with $6.1 billion licensing sales.
- Germany €18 billion, largest EU licensing market 2023.
- UK post-Brexit licensing steady at £4.8 billion in 2023.
- South Korea entertainment licensing $11 billion K-pop driven.
- Africa licensing nascent at $2.1 billion, 20% growth 2023.
- Mexico licensing $4.7 billion, 8% regional lead 2022.
- France luxury licensing €12 billion in 2023.
- Southeast Asia $15 billion combined, Vietnam up 18%.
- Russia licensing resilient at $3.2 billion despite sanctions 2023.
- UAE licensing hub $2.8 billion, events sector strong.
- Spain licensing €6.5 billion, tourism IP key 2022.
- Emerging markets 28% of global growth in licensing 2023.
Global & Regional Data Interpretation
Industry Sectors
- Character licensing dominated with 35% market share in toys sector in 2023.
- Sports licensing represented 18% of U.S. market in 2022.
- Fashion and apparel licensing grew 9% in Europe 2023.
- Music licensing sync deals up 22% for TV/film in 2023.
- Video games licensing IP from entertainment 65% of deals in 2023.
- Corporate brands licensing in consumer goods 25% share in 2022.
- Celebrity licensing strongest in beauty sector at 40% in 2023.
- Publishing IP licensing into apps 30% growth in 2023.
- Automotive licensing in merchandise 12% of auto sector licensing.
- Food & beverage character licensing $8 billion sales 2023.
- Home & lifestyle licensing up 11% post-pandemic 2023.
- Quick service restaurant licensing 22% market penetration in fast food.
- Tech licensing in wearables 18% of consumer tech market 2022.
- Health & wellness licensing from celebrities 28% share 2023.
- Toy licensing from video games 45% of new properties 2023.
- Sports team licensing in apparel 55% dominance 2022.
- Entertainment IP in publishing 32% of licensed books 2023.
- Fashion designer licensing extensions into home 20% growth 2023.
- Music publishing licensing 70% digital streams in 2023.
Industry Sectors Interpretation
Market Size and Growth
- The global licensing industry generated $345 billion in retail sales of licensed products in 2023, representing a 5.2% year-over-year growth.
- Brand licensing accounted for 78% of the total global licensing market value in 2022.
- The U.S. licensing market size reached $138 billion in 2023, up from $131 billion in 2022.
- Licensing industry projected to grow at a CAGR of 4.8% from 2023 to 2028 globally.
- Entertainment licensing segment grew by 7.1% in 2023, driven by streaming content.
- Global character and entertainment licensing retail sales hit $150 billion in 2022.
- Licensing market in Europe expanded to €75 billion in 2023.
- Corporate trademarks licensing contributed $45 billion to the global market in 2022.
- The licensing industry saw a 12% rebound in 2022 post-COVID slowdown.
- Projected global licensing market to reach $425 billion by 2027.
- Sports licensing generated $28.5 billion in retail sales worldwide in 2023.
- Video game licensing market valued at $22 billion in 2023.
- Licensing industry employment reached 1.2 million jobs globally in 2022.
- Asia-Pacific licensing market grew 6.3% to $92 billion in 2023.
- Music licensing revenue increased to $15.9 billion in 2023.
- Global licensing deals numbered over 25,000 in 2023.
- Fashion licensing segment valued at $18 billion in 2022.
- The industry’s CAGR from 2018-2023 averaged 4.2%.
- UK licensing market hit £4.5 billion in 2023.
- Digital licensing grew 15% to $35 billion globally in 2023.
- Celebrity licensing contributed $12 billion in sales in 2022.
- Automotive licensing market reached $8.5 billion in 2023.
- Licensing industry R&D investment totaled $2.1 billion in 2022.
- Global toy licensing sales $110 billion in 2023.
- Food and beverage licensing grew to $22 billion in 2023.
- Publishing licensing market $16 billion worldwide in 2022.
- Health and beauty licensing $14.5 billion in 2023.
- Home goods licensing segment $28 billion in 2022.
- Quick-service restaurant licensing $19 billion in 2023.
- Overall licensing market penetration in retail was 12% in 2023.
Market Size and Growth Interpretation
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