American Football Merchandise - Eastern Asia

Eastern Asia

Highlights

Revenue in the American Football Merchandise market is projected to reach US$54.29m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.77%, resulting in a projected market volume of US$75.33m 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$6.48 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 11.5m users by 2029.
User penetration in the American Football Merchandise market will be at 0.5% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The American Football Merchandise Market in Eastern Asia is witnessing steady growth due to rising interest in American football, strong consumer spending on sports merchandise, and growing popularity of online shopping. However, the minimal growth rate is being impacted by the regions economic uncertainties and limited availability of quality merchandise.

Customer preferences: As the American Football merchandise market continues to grow in popularity, the demand for personalized and customizable merchandising experiences has also increased. This trend is driven by the desire for self-expression and uniqueness among consumers, especially in younger generations. Additionally, the rise of e-commerce has made it easier for fans to access and purchase their favorite teams merchandise, further contributing to the growth of the market. Furthermore, the emergence of subscription-based models and the integration of technology, such as augmented reality, are providing more interactive and engaging shopping experiences for consumers in this market.

Trends in the market: In Eastern Asia, the American Football Merchandise Market is experiencing an increase in demand for official team merchandise, as the popularity of the sport continues to grow in the region. In the United States, there has been a notable trend towards sustainability in sports merchandise, with a focus on utilizing eco-friendly materials and production processes. This trend is also emerging in Eastern Asia, with market players looking to cater to environmentally conscious consumers. Additionally, there has been a rise in collaborations between American football teams and fashion brands in both regions, highlighting a growing crossover between sports and fashion industries. These trends suggest a shift towards more diversified and socially responsible merchandise offerings, creating opportunities for industry stakeholders to tap into new markets and cater to evolving consumer preferences.

Local special circumstances: In Eastern Asia, the American Football Merchandise Market is heavily influenced by the strong fan base and growing popularity of American football in countries like Japan and South Korea. This has led to a high demand for authentic merchandise and licensed merchandise from local teams. In contrast, in the American Football Market within the Sports Market in the United States, the market is shaped by a strong tradition and culture surrounding the sport, leading to a focus on team loyalty and iconic team merchandise. This unique cultural difference has a significant impact on the market dynamics, ultimately driving consumer purchasing behavior and influencing the success of different merchandise offerings. Additionally, the regulatory environment in these regions also plays a role, with strict regulations on licensing and copyright protection in the United States, while Eastern Asian markets may have more lenient regulations that allow for a wider range of merchandise options. Overall, the convergence of these cultural and regulatory factors creates a distinct market for American football merchandise in Eastern Asia, setting it apart from other regions in the global Sports market.

Underlying macroeconomic factors: The American Football Merchandise Market within the Sports Market is heavily influenced by macroeconomic factors such as consumer spending, economic growth, and market stability. In countries with strong economic growth and stable governance, the American Football Merchandise Market is experiencing steady growth as consumers have more disposable income to spend on sports merchandise. On the other hand, countries facing economic challenges and political instability may see a decline in the American Football Merchandise Market as consumers prioritize their spending on essential goods and services. Additionally, fiscal policies such as tax rates, import/export regulations, and trade agreements can significantly impact the availability and pricing of American Football Merchandise, further influencing its market performance. These factors must be considered when analyzing the American Football Merchandise Market in Eastern Asia and the Americas.

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.