American Football Merchandise - Saudi Arabia

Saudi Arabia

Highlights

Revenue in the American Football Merchandise market is projected to reach US$896.40k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.88%, resulting in a projected market volume of US$1.25m 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$7.48 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 165.5k users by 2029.
User penetration in the American Football Merchandise market will be at 0.3% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The American Football Merchandise Market in Saudi Arabia has experienced steady growth, impacted by factors such as competition from other sports and limited popularity of American football. Yet, the availability of online shopping and growing interest in the sport among locals may drive future growth.

Customer preferences: With the rise of social media and the increasing popularity of American football in Saudi Arabia, the demand for American football merchandise has seen a significant increase. This trend is further fueled by the growing number of young adult consumers who are avid followers of the sport. As a result, there has been a shift towards more stylish and fashionable merchandise, with designs that incorporate traditional Saudi Arabian elements and cultural references. This reflects a growing sense of national pride and identity among consumers in Saudi Arabia.

Trends in the market: In Saudi Arabia, the American Football Merchandise Market is experiencing an upward trend due to the increasing popularity of American football in the country. This can be attributed to the growing expat population from countries where American football is popular, as well as the efforts of the government to promote sports and recreation. As a result, there has been a surge in demand for American football merchandise, with sales expected to continue on an upward trajectory. This trend is significant for industry stakeholders as it presents new opportunities for growth and expansion in the market. However, there may also be challenges in meeting the increasing demand and ensuring product quality. In addition, the trend also highlights the potential for Saudi Arabia to become a key market for American football merchandise, which could have implications for vendors and retailers looking to tap into this market.

Local special circumstances: In Saudi Arabia, the American Football Merchandise Market faces unique challenges due to strict cultural regulations and limited public interest in the sport. With the countrys strict dress code and social norms, traditional American football helmets and uniforms may not be suitable. Additionally, due to the dominance of soccer in the local Sports market, American football merchandise may not hold the same appeal. However, there is potential for growth with the rise of expatriate communities and the governments push for diversifying the sports landscape.

Underlying macroeconomic factors: Macroeconomic factors in Saudi Arabia are playing a major role in shaping the American Football Merchandise Market. The country has been experiencing rapid development in recent years, with a strong focus on diversification of its economy away from its traditional reliance on oil revenues. This focus is driving increased investment in sports facilities and infrastructure, attracting major sports events and creating a growing interest in sports among the countrys youth population. Moreover, government initiatives to encourage a healthy and active lifestyle are fueling demand for American football merchandise as the sport gains popularity in the region. The stable economic growth and rising per capita income in Saudi Arabia are also poised to strengthen the purchasing power of consumers and drive market expansion for American football merchandise in the coming years.

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.