Market Insights Advertising & Media Sports American Football

American Football Merchandise - Philippines

Philippines

Revenue in the American Football Merchandise market is projected to reach €1.93m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.73%, resulting in a projected market volume of €2.55m by 2029.
In global comparison, most revenue will be generated in the United States (€6,213.00m in 2024).
The average revenue per user (ARPU) in the American Football Merchandise market is projected to amount to €6.58 in 2024.
In the American Football Merchandise market, the number of users is expected to amount to 387.0k users by 2029.
User penetration in the American Football Merchandise market will be at 0.2% in 2024.

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Monnaie

Analyst Opinion

The American football merchandise market in the Philippines is experiencing minimal growth, hindered by factors like limited consumer awareness and lack of proper distribution channels. However, the demand for American football products is steadily increasing as the sport gains popularity in the country.

Customer preferences: As the popularity of American football grows in the Philippines, there has been a noticeable increase in demand for authentic American football merchandise. This trend is driven by the increasing interest in the sport and the desire to have the gear and apparel associated with it. Additionally, younger consumers, who are more knowledgeable about American football, are willing to spend more on high-quality merchandise. Furthermore, with the rise of social media, there is a growing trend of showcasing team loyalty through wearing branded American football merchandise, further fueling the demand for these products.

Trends in the market: In the Philippines, the American Football Merchandise Market is growing as the sport gains popularity among fans, leading to an increased demand for related merchandise. Similarly, in the US, there is a rising trend of collaborations between sports brands and popular American football teams, resulting in unique, limited edition merchandise collections. Such partnerships not only cater to the fans demands but also promote the sport globally. Moreover, American football merchandise has also become popular in Southeast Asian countries like the Philippines, presenting an opportunity for expansion in the region. The trajectory of this trend is expected to continue upwards as the sport gains more recognition globally, making it a lucrative market for industry stakeholders to capitalize on.

Local special circumstances: In the United States, the American Football merchandise market is heavily influenced by the countrys love for the sport and its deep-rooted cultural significance. The popularity of American Football in the US has resulted in a widespread demand for team jerseys, caps, and other gear. Additionally, the countrys strong retail infrastructure, with a high concentration of sports stores and e-commerce platforms, has made it easy for consumers to access and purchase American Football merchandise. This accessibility and convenience factor have significantly fueled the growth of the American Football merchandise market in the US.

Underlying macroeconomic factors: The American Football Merchandise Market of the American Football Market within the Sports Market is heavily impacted by macroeconomic factors such as consumer spending, competitive market conditions, and global economic trends. In countries with a strong economy and a high consumer demand for American football merchandise, there is a significant growth opportunity for the market. However, countries with economic instability and weak consumer spending may experience slower growth rates. Fiscal policies can also heavily influence market performance, with favorable policies such as tax incentives and government subsidies leading to higher market demand and growth. Other relevant financial indicators, such as exchange rates and inflation rates, can also impact the purchasing power of consumers and the cost of production, ultimately influencing the overall market performance.

Methodology

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.