Soccer - Nordics | Statista Market Forecast

Revenue in the Soccer market is projected to reach US$1.23bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.84%, resulting in a projected market volume of US$1.41bn by 2029.
In global comparison, most revenue will be generated United Kingdom (US$9.70bn in 2024).
The average revenue per user (ARPU) in the Soccer market is projected to amount to US$197.00 in 2024.
In the Soccer market, the number of users is expected to amount to 6.6m users by 2029.
User penetration in the Soccer market will be at 22.2% in 2024.

Definition:

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

Structure:

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

Additional information:

Key metrics within the market include revenues, viewers, ticket revenues, ticket users, merchandise sales volumes, and users. 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 Soccer market include broadcasting networks, sports clubs, 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

In the Nordics, the Soccer market has been experiencing sluggish growth due to factors such as saturated media coverage, declining merchandise sales, and high ticket prices. Despite a strong fan base, lack of innovation and poor handling of controversies have impacted the markets growth rate, making it negligible. Without addressing these issues, the Soccer market in the Nordics may struggle to keep up with other Sports markets in the region.

Customer preferences: As the popularity of soccer continues to grow in the Nordic region, there has been a noticeable shift towards more technology-driven solutions in the market. Consumers are increasingly utilizing digital platforms for live streaming, interactive fan experiences, and e-commerce purchases of team merchandise. This trend highlights a changing preference for convenience and personalized engagement in sports consumption. Additionally, with the rise of eco-consciousness and healthy living, there is a growing demand for sustainable and ethically-sourced sports apparel and equipment, reflecting cultural values in the region. These factors suggest that the Sports market in the Nordics is evolving towards a more digital and socially conscious landscape.

Trends in the market: In the Nordics, the Soccer Market is witnessing a rise in digitalization with an increase in online ticket sales, live streaming of games, and use of virtual and augmented reality technologies for an enhanced fan experience. This trend is expected to continue as the market becomes more advanced, providing stakeholders with new opportunities for revenue growth and fan engagement. With digitalization also comes a shift towards data-driven strategies, allowing for targeted marketing and personalized fan experiences. This presents potential implications for stakeholders to capitalize on the growing intersection of technology and sports in the Nordics.

Local special circumstances: In the Nordics, the Soccer Market is heavily influenced by the popularity and success of the sport in these countries. With a strong sporting culture and high levels of participation, there is a significant demand for soccer-related products and services. Additionally, the regions cold climate and long winter seasons have led to the development of indoor soccer facilities, catering to the local markets needs. Furthermore, the supportive regulatory environment and investments in youth development programs have played a crucial role in fostering a thriving soccer market in the Nordics.

Underlying macroeconomic factors: The growth of the Soccer Market within the Sports Market in the Nordics is heavily influenced by macroeconomic factors such as overall economic health, government support, and consumer spending patterns. Strong national economies in the region lead to higher levels of disposable income, which can be directed towards sports-related activities and products. On the other hand, economic downturns or policy changes that affect consumer spending could have a negative impact on the Soccer Market. Additionally, government investments in sports facilities and infrastructure can also play a significant role in fueling growth in the Soccer Market, as it allows for improved access and development of the sport. Furthermore, global economic trends and political events can also have an effect on the market, with international tournaments and events often bringing both positive and negative economic outcomes for the region.

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.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.