Soccer Merchandise - Spain

Spain

Highlights

Revenue in the Soccer Merchandise market is projected to reach US$396.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.71%, resulting in a projected market volume of US$432.10m 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$50.93 in 2024.
In the Soccer Merchandise market, the number of users is expected to amount to 8.6m users by 2029.
User penetration in the Soccer Merchandise market will be at 16.4% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Merchandise market in Spain is facing minimal growth, as factors such as economic uncertainty and shifting consumer preferences impact this market. However, with the continuously growing popularity of soccer in the country, there is still potential for growth in the long term.

Customer preferences: With the rise of social media influencers and celebrity collaborations, consumers in the Soccer Merchandise Market are increasingly looking for unique, exclusive branded products that reflect their personal identities and interests. This trend has led to the growth of limited edition and customizable Soccer merchandise, catering to individual preferences and creating a sense of exclusivity among fans. This is also facilitated by the growing accessibility of online shopping platforms, providing consumers with a wider variety of options and the convenience of purchasing from the comfort of their homes.

Trends in the market: In Spain, the Soccer Merchandise Market within the Sports Market is experiencing a surge in sustainable and ethically-made merchandise. This trend is being driven by consumers increasing awareness and demand for socially responsible products. Major industry players are responding by incorporating sustainability practices into their supply chains and launching eco-friendly product lines. This trajectory signals a shift towards a more conscious consumer base, where eco-friendly credentials will become a key differentiating factor in the highly competitive market. Industry stakeholders who embrace this trend will not only cater to consumer demands but also gain a competitive advantage.

Local special circumstances: In Spain, the Soccer Merchandise Market is heavily influenced by the countrys passionate love for the sport. Its long-standing history and cultural significance have led to a strong demand for team merchandise, especially during major tournaments. Furthermore, the presence of top soccer clubs such as Real Madrid and FC Barcelona has boosted the market, with fans eager to show their support by purchasing licensed merchandise. Additionally, the countrys favorable weather conditions and well-developed tourism industry have also contributed to the markets growth, as visitors are drawn to the vibrant soccer culture and souvenir options. Moreover, the governments support in promoting sports and investing in infrastructure has further fueled the Soccer Merchandise Market, creating a favorable environment for both local and international businesses.

Underlying macroeconomic factors: The growth of the Soccer Merchandise Market within the Sports Market is heavily impacted by macroeconomic factors such as consumer spending trends, unemployment rates, and exchange rates. Countries with strong economies and high consumer spending power tend to have a higher demand for soccer merchandise, while countries facing financial challenges may have a lower demand. Political stability, trade policies, and currency fluctuations also play a significant role in the performance of the Soccer Merchandise Market. As the global economy continues to grow and new markets open up, the demand for soccer merchandise is expected to increase, particularly in emerging economies. However, any economic downturn or uncertainty could lead to a decrease in consumer spending and have a negative impact on the 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.