American Football Merchandise - Turkey

Turkey

Highlights

Revenue in the American Football Merchandise market is projected to reach US$1.69m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.41%, resulting in a projected market volume of US$2.00m 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$9.72 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 192.7k 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 within the Sports market in Turkey is currently experiencing minimal growth due to various factors, including limited demographic appeal, competition from other sports, and low purchasing power of consumers. Despite this, there is still a growing interest in American Football, particularly among younger generations, which could potentially drive future growth.

Customer preferences: The American Football Merchandise Market within the Sports Market market has seen a rise in demand for sustainable and eco-friendly products. As consumers become more environmentally conscious, they are seeking out merchandise made from recycled materials and promoting sustainable practices. This trend is driven by a growing awareness of the environmental impact of fast fashion and a desire for more conscious consumption. Additionally, there has been a shift towards inclusive sizing and representation in American football merchandise, catering to a diverse range of body types and promoting body positivity.

Trends in the market: In Turkey, the American Football Merchandise Market is experiencing a surge in demand for licensed team merchandise, such as jerseys, hats, and accessories. In the American Football Market, there is an increasing trend of incorporating sustainable and environmentally-friendly materials in the production of these products. This trend is significant as it aligns with the overall global movement towards sustainable and eco-friendly practices. Industry stakeholders should prioritize incorporating these materials to cater to the growing consumer demand and stay ahead in the competitive market.

Local special circumstances: In Turkey, the American Football Merchandise Market is heavily influenced by the countrys growing youth population, with a majority of the demand coming from young adults and teenagers. Additionally, the cultural fascination with American sports creates a strong market for American football merchandise. Due to strict import regulations and high tariffs, locally produced merchandise dominates the market. Furthermore, the presence of major American football teams and athletes in Turkey also contributes to the popularity of the sport and drives the demand for merchandise. These unique factors create a distinct market dynamic within Turkeys overall Sports market.

Underlying macroeconomic factors: The American Football Merchandise Market of the American Football Market within the Sports Market is impacted by several macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The performance of the market is closely tied to the overall economic outlook of the country, as fluctuations in consumer confidence and disposable income can greatly affect consumer spending on merchandise. Additionally, government policies and regulations, such as trade agreements and taxes, can impact the availability and cost of merchandise in the market. These factors, combined with the overall health of the economy, can significantly influence the demand for and sales of American football merchandise in Turkey.

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.