American Football Merchandise - MENA

MENA

Highlights

Revenue in the American Football Merchandise market is projected to reach US$7.12m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.10%, resulting in a projected market volume of US$8.70m 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$8.28 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 1.1m users by 2029.
User penetration in the American Football Merchandise market will be at 0.2% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The American Football Merchandise Market in MENA has seen slow growth due to factors like limited audience reach and low awareness. However, increasing demand for digital platforms, rising interest in sports, and availability of convenient online shopping options could drive growth.

Customer preferences: Consumers in the American Football Merchandise Market are showing a growing preference for sustainable and ethically-sourced products. This trend is influenced by a greater awareness of environmental issues and a desire to align personal values with purchasing decisions. As a result, companies are increasing their focus on sustainability and implementing eco-friendly practices in their manufacturing processes. Additionally, the rise of social media has allowed consumers to hold brands accountable for their ethical practices, further driving the shift towards sustainable options.

Trends in the market: In the MENA region, there is a growing interest in American football merchandise, with an increasing number of retailers and e-commerce platforms offering a wide range of licensed merchandise. This trend is fueled by the regions growing exposure to the sport through television broadcasts and social media, as well as the growing love for American sports. In the United States, the market for American football merchandise continues to grow, with a strong demand for licensed apparel and accessories from fans of all ages. This trend is expected to continue due to the popularity of the sport and the intense rivalries among teams. In light of these trends, industry stakeholders can expect to see a continued growth in revenue and market share, as well as increased competition among retailers to offer the latest and most sought-after merchandise. With the growing accessibility of e-commerce, the American football merchandise market is also expected to see a shift towards online sales, providing a convenient and cost-effective option for fans to purchase their favorite teams gear.

Local special circumstances: In the MENA region, the American Football Merchandise market is heavily influenced by the cultural and regulatory landscape. While traditional sports like soccer and cricket dominate the market, the popularity of American Football has been steadily growing, especially in the gulf countries. However, the market is constrained by limited access to physical stores, leading to a rise in e-commerce platforms catering to fans. In the United States, the market is driven by a strong fan culture and high spending power, leading to a demand for premium merchandise and memorabilia.

Underlying macroeconomic factors: The American Football Merchandise Market within the Sports Market is heavily impacted by the macroeconomic factors at play in each country. Global economic trends, national economic health, fiscal policies, and other financial indicators all have a significant influence on the performance of this market. Countries with stable economies and favorable fiscal policies tend to have a more thriving American Football Merchandise Market, while nations with unstable economies and limited funding tend to see slower growth. Additionally, factors such as consumer spending power and cultural preferences also play a role in the performance of this 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.