American Football Media - Lithuania

Lithuania

Highlights

Revenue in the American Football Media market is projected to reach US$120.70k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.74%, resulting in a projected market volume of US$125.20k by 2029.
In global comparison, most revenue will be generated United States (US$15.48bn in 2024).
The average revenue per user (ARPU) in the American Football Media market is projected to amount to US$4.30 in 2024.
In the American Football Media market, the number of users is expected to amount to 31.0k users by 2029.
User penetration in the American Football Media market will be at 1.0% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The American Football media market in Lithuania is growing steadily, with minimal growth rate. Factors such as increasing interest in sports, rising digitalization, and convenience of online services are driving this growth.

Customer preferences: In Lithuania, there has been a significant increase in online and digital streaming services for American football games, catering to the growing demand from tech-savvy consumers. Additionally, there has been a rise in the popularity of fantasy football leagues, with an increasing number of fans following and participating in various leagues. This trend is in line with the global shift towards digital media consumption and the rise of e-sports, appealing to a younger generation of fans. Demographically, this trend is driven by the growing number of younger, tech-savvy consumers who seek convenient and flexible ways to engage with their favorite sports teams and leagues.

Trends in the market: In Lithuania, the American Football market is relatively small, but the media coverage and fan interest is steadily growing. This trend is mirrored in the American Football media market of the United States, where there has been an increase in online streaming and social media coverage of games. In addition, there is an uptick in the use of analytics and data-driven storytelling in the coverage of American Football, providing deeper insights for fans. This trend is expected to continue as technology advancements and data analysis become more prevalent in the sports industry. For industry stakeholders, it presents opportunities for digital advertising and targeted marketing, as well as potential for partnerships with technology companies.

Local special circumstances: In Lithuania, American football has emerged as a niche sport with a growing fan base. However, access to media coverage and broadcasting of games is limited due to the dominance of traditional sports such as basketball and football. This has led to a unique market where local media outlets are challenged to cater to the specific needs and interests of American football enthusiasts. Additionally, regulations and restrictions on advertising and sponsorship in the sports industry make it difficult for American football teams and leagues to secure funding and attract major corporate partnerships. These factors have a significant impact on the growth and development of the American football media market in Lithuania, setting it apart from other countries where the sport has gained mainstream popularity.

Underlying macroeconomic factors: The American Football Media Market within the Sports Market is heavily impacted by macroeconomic factors such as consumer spending, technological advancements, and regulatory policies. A strong economy with high levels of consumer spending encourages investments in media and entertainment, including the American football market. Technological advancements also play a crucial role, as advancements in streaming and digital platforms make it easier for fans to access games and related content. Government policies, such as broadcast regulations and tax incentives, also influence the overall growth of the market. Additionally, the increasing popularity of American football internationally and the growth of the global Sports market also contribute to the performance of the American Football Media Market in Lithuania.

Data coverage:

The data encompasses B2B revenues. Figures are based on media spending from businesses to several clubs. That also includes the revenues from advertising as this is part of media and broadcasting contracts the individual clubs have with their respective leagues.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.