The $13 Billion Mannequin Industry Gets A Socially Distanced Boost

CBx Vibe:Mannequin Challenge” Young Thug

By CultureBanx Team

  • Mannequins are poised to take over the sports world and even fine dining
  • Global sales of mannequins  expected to exceed $13B in revenues by 2022

Mannequins are not just vehicles for the fashion industry to showcase their creations, they communicate more than we might think about attitudes and encourage onlookers to imaginatively identify with what they see. They are now poised to take over the sports world and even fine dining, because fake fans are in style right now. Fact.MR estimates the global sales of mannequins will exceed $13 billion in revenues by 2022, it’s possible for this number to go even higher due to the coronavirus pandemic’s influence on social distancing.

Why This Matters: Since several major brick and mortar retail stores are closing, and many businesses having to operate at reduced capacities, mannequins have been given a new life line. Typically, when you see restaurants or stadiums with very few people, one immediately questions whether or not the food, or the team is any good. However, there are some restaurants that are turning to mannequins to make you feel less alone by putting them at open tables, but they can cost up to $600 each. “That’s a lot to invest in fake customers and may not be sustainable for restaurant owners, said Mannequin Madness CEO, Judi Henderson.

Using mannequins could help customers aspire to be at a restaurant or in the stands for their favorite team again

The faux-fan movement may also be taking over the sports world. In places like South Korea both cardboard and traditional mannequins have taken the place of people in the stands at professional baseball games. Perhaps the NBA, NFL and MLB may want to add a few of these socially distanced mannequin fans to their arenas as well. According to a report by accounting firm PricewaterhouseCoopers, gate revenue for the North American sports market grossed $19.2 billion in 2018, and is projected to increase to $21.8 billion in 2023. So even though mannequin fans are a novel idea, it won’t help teams make money.

Situational Awareness: So much is in flux for companies with in-person revenue at risk and using mannequins could help customers aspire to be at a restaurant or in the stands for their favorite team again. A period of revamping ticket monetization concepts after the pandemic is over. Will have to change for a new generation of fans, while still retaining established customers.

CBx Vibe:Mannequin Challenge” Young Thug

CONTRIBUTOR

CultureBanx Team

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