Soccer Merchandise - Russia

Russia

Highlights

Revenue in the Soccer Merchandise market is projected to reach US$152.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.41%, resulting in a projected market volume of US$198.70m by 2029.
In global comparison, most revenue will be generated United States (US$1.38bn in 2024).
The average revenue per user (ARPU) in the Soccer Merchandise market is projected to amount to US$118.00 in 2024.
In the Soccer Merchandise market, the number of users is expected to amount to 1.6m users by 2029.
User penetration in the Soccer Merchandise market will be at 0.9% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Merchandise Market in Russia has been steadily growing, despite a minimal growth rate. This can be attributed to factors such as the growing popularity of soccer in the country and the convenience of online shopping for soccer merchandise. Additionally, the rising disposable income of consumers has also contributed to the markets growth. However, the markets growth rate is being impacted by the competitive nature of the market and saturation of available merchandise options.

Customer preferences: Consumers in the Soccer Merchandise Market of the Soccer Market within the Sports Market are increasingly seeking sustainable and ethically-made products, particularly in response to the growing awareness of environmental issues. This has led to a rise in demand for eco-friendly soccer merchandise, such as jerseys made from recycled materials or ethically sourced soccer balls. Additionally, the trend of conscious consumerism has also influenced purchasing decisions, with consumers preferring to support brands that align with their values and beliefs.

Trends in the market: In Russia and the Soccer Merchandise Market of the Soccer Market within the Sports Market, digitalization is playing an increasingly important role. E-commerce platforms have become crucial for the sales of soccer merchandise, with many consumers preferring the convenience of online shopping. Additionally, there is a rise in the demand for personalized and customized merchandise, leading to the adoption of innovative technologies like 3D printing. This trend is expected to continue in the coming years, with potential implications for traditional brick-and-mortar retailers who may struggle to compete and adapt to the changing landscape. Moreover, with the increasing popularity of soccer in Russia, there is a potential for further growth in the market and the emergence of new players.

Local special circumstances: In Russia, there is a strong cultural affinity for soccer, making it a popular sport and driving demand for soccer merchandise. However, the market is also influenced by regulatory factors, such as strict copyright laws, which can impact the availability and pricing of official merchandise. Additionally, the vast geography of the country and regional differences in income levels can also play a role in shaping the dynamics of the market. For example, in rural areas, where incomes tend to be lower, there may be a higher demand for more affordable and generic soccer merchandise options.

Underlying macroeconomic factors: The Soccer Merchandise Market of the Soccer Market within the Sports Market is impacted by macroeconomic factors such as global economic trends, national economic health and fiscal policies. Fluctuations in the global economy can affect consumer spending on soccer merchandise. The economic health of the host country of a major soccer tournament can also impact sales of soccer merchandise, as a strong economy will increase consumer purchasing power. Additionally, government fiscal policies, such as taxes and tariffs, can impact the cost and availability of soccer merchandise in the market. Overall, a stable and growing economy, supported by favorable policies, can contribute to a thriving Soccer 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.