Europe Non Fungible Token (nft) Market Size & Outlook
Europe non fungible token (nft) market, 2020-2030 (US$M)
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Europe non fungible token (nft) market highlights
- The Europe non fungible token (nft) market generated a revenue of USD 7,151.3 million in 2023.
- The market is expected to grow at a CAGR of 34.4% from 2024 to 2030.
- In terms of segment, collectibles was the largest revenue generating application in 2023.
- Art is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 7,151.3 million |
| Market revenue in 2030 | USD 56,550.4 million |
| Growth rate | 34.4% (CAGR from 2023 to 2030) |
| Largest segment | Collectibles |
| Fastest growing segment | Art |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Collectibles, Art, Gaming, Utilities, Metaverse, Sports |
| Key market players worldwide | Cloudflare Inc, PLBY Group Inc Ordinary Shares, Dolphin Entertainment Inc, Funko Inc Class A, NFT Ltd Ordinary Shares-Class A, Dapper Labs, YellowHeart, OpenSea, Gemini, Onchain |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.5% of the global non fungible token (nft) market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 56,910.3 million by 2030.
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Non Fungible Token (NFT) Market Scope
Non Fungible Token (NFT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe non fungible token (nft) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to non fungible token (nft) market will help companies and investors design strategic landscapes.
Collectibles was the largest segment with a revenue share of 53.73% in 2023. Horizon Databook has segmented the Europe non fungible token (nft) market based on collectibles, art, gaming, utilities, metaverse, sports covering the revenue growth of each sub-segment from 2020 to 2030.
The European non-fungible token market was valued at USD 5,411.23 million in 2022 and is expected to grow at a CAGR of 34.4% over the forecast period to reach USD 56,550.38 million by 2030. NFTs have made inroads into European sports and gaming ecosystems which is expected to bode well for the NFT market growth.
Football clubs and leagues have launched NFT collectibles and digital assets, allowing fans to own and trade unique soccer-related NFTs. For instance, in November 2022, Manchester United inaugurated their first Non-fungible token collection with intentions to create a Web 3.0 community that unites, educates and rewards their fan base.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe non fungible token (nft) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Europe non fungible token (NFT) market size, by country, 2020-2030 (US$M)
Europe Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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