American Football Merchandise - Central America

Central America

Highlights

Revenue in the American Football Merchandise market is projected to reach US$1.68m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.54%, resulting in a projected market volume of US$2.09m by 2029.
In global comparison, most revenue will be generated United States (US$6.77bn in 2024).
The average revenue per user (ARPU) in the American Football Merchandise market is projected to amount to US$7.77 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 267.5k users by 2029.
User penetration in the American Football Merchandise market will be at 0.4% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The American Football merchandise market in Central America is seeing minimal growth due to factors such as limited consumer demand, high prices, and competition from other popular sports. The market is not experiencing the same level of growth as seen in other regions due to lower awareness and adoption of American Football.

Customer preferences: In the American Football Merchandise Market, we have observed a growing trend towards sustainable and eco-friendly products, particularly among younger consumers. This is attributed to the increasing awareness of climate change and environmental issues among this demographic. As a result, there has been a rise in demand for merchandise made from recycled materials and with ethical sourcing practices. Additionally, there is a shift towards online shopping for convenience and a larger selection of products, as well as an increased focus on personalization and unique designs.

Trends in the market: In Central America, the American Football Merchandise Market is experiencing a rise in online sales through e-commerce platforms, as well as an increase in partnerships with major retailers to expand their market reach. In the American Football Market within the Sports Market, there is a growing trend of incorporating personalized merchandise, such as personalized jerseys and fan gear, to cater to the high demand for unique and exclusive products. This trend is expected to continue as teams and leagues increasingly focus on enhancing the fan experience and generating additional revenue. Industry stakeholders should capitalize on these trends by leveraging e-commerce and personalized merchandising strategies to reach a wider audience and drive sales.

Local special circumstances: In Central America, the American Football Merchandise Market is heavily influenced by the popularity of soccer, the regions dominant sport. However, increasing interest in American football has led to growth in the market for merchandise and apparel. This is partly due to the regions proximity to the US and the popularity of the sport among expat communities. Additionally, cultural factors such as the influence of US media and the growing fan base for local American football teams also drive demand. Regulatory factors, such as trade agreements and tariffs, also play a role in shaping the American Football Merchandise Market in Central America.

Underlying macroeconomic factors: The American Football Merchandise Market within the Sports Market is greatly influenced by macroeconomic factors such as consumer spending, disposable income levels, and overall economic stability. In countries with high consumer spending and robust economies, there is typically a higher demand for American football merchandise, leading to increased market growth. Additionally, government policies and fiscal initiatives that promote sports and recreation can also positively impact the market by increasing participation and interest in American football. Conversely, economic downturns and limited disposable income can result in a slowdown of the market.

Data coverage:

The data encompasses B2C revenues. Figures are based on merchandise spending. All monetary figures refer to consumer spending on goods in the respective segment, which can be online and offline.

Modeling approach / Market size:

Market sizes are determined through a combination of bottom-up and top-down approaches, 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.