American Football - Ethiopia | Statista Market Forecast

Revenue in the American Football market is projected to reach US$410.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.79%, resulting in a projected market volume of US$448.00k by 2029.
In global comparison, most revenue will be generated United States (US$25.84bn in 2024).
The average revenue per user (ARPU) in the American Football market is projected to amount to US$8.06 in 2024.
In the American Football market, the number of users is expected to amount to 55.1k users by 2029.
User penetration in the American Football market will be at 0.0% in 2024.

Definition:

The Football market encompasses various aspects of the sport, including media coverage, ticket sales, and merchandise, catering to the immense global fanbase of American football. It encompasses platforms and channels dedicated to delivering news, analysis, and entertainment related to football matches worldwide. Additionally, it includes the sale of tickets for live football events, facilitating fan engagement and revenue generation. Moreover, the market comprises the sale of various products and merchandise related to football, allowing fans to showcase their support for their favorite teams and players through licensed apparel, memorabilia, and collectibles.

Structure:

Football Media: Encompasses revenues from television and online streaming rights for football matches.
Football Ticket Sales: Comprises revenues from tickets sold for football matches held in stadiums, online ticketing platforms, and season ticket packages.
Football Merchandising: Includes revenues from the sale of official team merchandise, player merchandise, and general football-themed products.

Additional information:

Key metrics within the market include revenues, viewers, ticket revenues, ticket purchasers, merchandise sales volumes, and licensing fees. Revenue streams primarily come from advertising, subscription fees, ticket sales, merchandise sales, and sponsorship deals. Data on broadcasting rights, online viewership, ticketing platforms, popular merchandise items, and fan preferences are essential for understanding market dynamics. Key players in the Football market include broadcasting networks, sports teams, apparel brands, ticketing agencies, and online marketplaces.

For more detailed insights, refer to the additional information provided next to the respective data points.

Ticket sales from games, such as league games
Revenue from merchandise, such as jerseys
Revenue from media rights, such as TV broadcasting

Revenue from player transfers, such as transfer fees
Tickets sold on the secondary market, such as on eBay
Revenue from licensing or sponsorship, such as from logos

The American Football Market in Ethiopia is experiencing slow growth, influenced by factors such as limited media coverage, low consumer interest in merchandise, and lack of accessible tickets. This stagnant growth rate can be attributed to the countrys overall disinterest in American football and prioritization of other sports. However, with a rising global trend of footballs popularity, there is potential for the market to grow in the future through increased marketing efforts and raising awareness among the Ethiopian population.

Customer preferences: As Ethiopia and the American Football Market continue to grow, the demand for eco-friendly and sustainable sports equipment is on the rise. This shift is driven by the global push towards environmental consciousness and the increasing interest of young consumers in socially responsible products. As a result, companies in the Sports market are increasingly prioritizing sustainability in their manufacturing processes and offering eco-friendly alternatives to attract consumers who are mindful of their ecological impact.

Trends in the market: In Ethiopia, there is a growing interest in American football, with the establishment of the Ethiopian American Football Federation in 2017. This trend may have potential implications for the Sports market, as it could lead to increased investment and sponsorship opportunities. In the United States, the American football market is seeing a rise in mobile ticketing and cashless transactions at games, as well as the integration of technology in player training and game analysis. These trends could improve fan experience and player performance, leading to increased revenue and competitiveness in the market. Furthermore, there is a movement towards making American football a safer sport, with the implementation of rule changes and advancements in equipment technology. This could have a significant impact on player safety and the image of the sport, potentially attracting new fans and participants.

Local special circumstances: In Ethiopia, the American Football market faces a unique challenge due to the countrys strong emphasis on traditional sports such as running and soccer. One major factor that differentiates Ethiopia from other markets is the lack of infrastructure and resources for American Football. Coupled with limited public interest and funding, this creates a barrier for growth in the market. However, with an increasing focus on sports development and a rising middle class in Ethiopia, there is potential for growth in the American Football market. In the US, the market is driven by its strong fan base and established professional leagues, with the NFL generating billions in revenue each year. Additionally, the cultural significance of American Football as a unifying sport in the country plays a key role in sustaining its popularity and success.

Underlying macroeconomic factors: The American Football Market within the Sports Market is heavily influenced by macroeconomic factors such as consumer spending, corporate investments, and sponsorship deals. Strong national economic health, a stable political climate, and favorable fiscal policies can drive consumer confidence and increase spending on sports-related products and services. Similarly, favorable tax policies and government support for sports infrastructure can attract corporate investments and enhance the overall market performance. However, fluctuating exchange rates, economic instability, and changing consumer preferences can also impact the market growth and profitability of American football in Ethiopia.

Data coverage:

The data encompasses B2C and B2B revenues. Figures are based on media spending, merchandise spending, and ticket spending. All monetary figures for merchandise and tickets refer to consumer spending on goods or tickets 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.

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