American Football Merchandise - South Africa

South Africa

Highlights

Revenue in the American Football Merchandise market is projected to reach US$1.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.37%, resulting in a projected market volume of US$2.38m 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$9.15 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 257.9k 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

In South Africa, the American Football Merchandise Market is experiencing minimal growth due to factors such as limited awareness and accessibility of online options, and a relatively small fan base compared to other Sports markets. Despite this, the market for American Football merchandise remains steady, driven by die-hard fans and niche retailers catering to their needs.

Customer preferences: With the growing popularity of American football in South Africa, the American Football Merchandise Market is witnessing a rise in demand for licensed team merchandise and branded apparel. Additionally, there is a notable shift towards eco-friendly and sustainable merchandise as consumers become increasingly aware of the impact of their purchasing choices on the environment. This trend is driven by a growing emphasis on conscious consumerism and ethical shopping, especially among the younger demographic. Furthermore, the rise of e-commerce platforms and social media influencers has made it easier for consumers to access and purchase American football merchandise, contributing to the markets robust growth.

Trends in the market: In South Africa, the American Football market is seeing a surge in demand for merchandise, with an increasing number of South African consumers showing interest in the sport. This trend is fueled by the countrys growing American Football fan base, with more local teams being established and more international games being broadcasted. As a result, the American Football merchandise market is projected to continue its upward trajectory. This trend is significant for industry stakeholders, as it presents opportunities for expanding their product offerings and reaching new markets. However, it also poses challenges in terms of meeting the demand for authentic, high-quality merchandise. With the potential for increased sales and revenue, companies must also ensure they maintain high standards to retain the loyalty of their customers.

Local special circumstances: In South Africa, the American Football Merchandise market is heavily influenced by the countrys passion for sports and the widespread popularity of rugby and soccer. The market is also shaped by the countrys history and current socio-economic factors, as well as the impact of international partnerships and collaborations in the sports industry. Similarly, in the American Football Merchandise market in the United States, local cultural and historical factors such as the sports origins as a college and amateur game, the strong college team traditions, and the countrys love for sports as a whole, greatly influence consumer preferences and purchasing behaviors. Moreover, government regulations on merchandise import and export, and licensing agreements with the National Football League (NFL), further differentiate the American market from others and affect the dynamics of the American Football Merchandise market.

Underlying macroeconomic factors: The American Football Merchandise Market within the Sports Market is heavily impacted by macroeconomic factors such as consumer spending power, economic stability, and exchange rates. Countries with strong economic growth and stable political environments are more likely to see a higher demand for American football merchandise. However, regions experiencing economic downturns or political instability may see a decrease in market demand. Additionally, currency fluctuations can also greatly impact the affordability and purchasing behavior of consumers, further influencing the performance of the American Football Merchandise 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.