American Football Merchandise - Nordics

Nordics

Highlights

Revenue in the American Football Merchandise market is projected to reach US$1.62m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.12%, resulting in a projected market volume of US$2.08m 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$8.79 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 234.8k users by 2029.
User penetration in the American Football Merchandise market will be at 0.7% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The American Football Merchandise Market in the Nordics is experiencing minimal growth due to factors such as slow adoption of online technologies, limited health consciousness among consumers, and limited convenience of online services.

Customer preferences: Consumers in the American Football Merchandise Market are increasingly valuing sustainability and ethical sourcing in their purchasing decisions. This trend is driven by growing awareness and concern for the environment, as well as a desire to support companies with socially responsible practices. As a result, there is an increasing demand for merchandise made from eco-friendly materials and a preference for brands with transparent and ethical supply chains. This shift reflects a broader cultural shift towards conscious consumerism and a desire to align personal values with purchasing decisions.

Trends in the market: In the Nordics and American Football Merchandise Market, the current trends include a growing demand for sustainable and ethically-made products. This is driven by consumer awareness and concern for environmental and social impacts. As a result, many brands are incorporating sustainable materials and ethical production processes into their merchandise. Additionally, there is a rise in e-commerce and social media influence, as consumers increasingly turn to online platforms for purchasing and researching American football merchandise. This trend is expected to continue, with implications for industry stakeholders to focus on sustainability and online presence to remain competitive in the market.

Local special circumstances: In the Nordics, the American Football Merchandise Market is heavily influenced by the regions love for sports and outdoor activities. The popularity of American football in North America has also translated to some Nordic countries, with the demand for American football merchandise being driven by international events such as the Super Bowl. In contrast, the American Football Merchandise Market in the United States is largely fueled by the countrys strong college and professional leagues. This strong fan base allows for a diverse range of merchandise options, from team jerseys to collectibles, catering to the avid American football fan culture.

Underlying macroeconomic factors: The American Football Merchandise Market within the Sports Market is greatly influenced by macroeconomic factors such as consumer spending, disposable income, and overall economic stability. Countries with strong economic growth and stable job markets tend to have higher levels of consumer spending, leading to increased demand for merchandise and products within the American Football Market. Fiscal policies and regulations that support the growth of the sports industry also play a significant role in driving market performance. Additionally, global economic trends, such as trade policies and currency fluctuations, can greatly impact the pricing and availability of American football merchandise in different regions.

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.