Market Insights Advertising & Media Sports

American Football - Denmark

Denmark

Revenue in the American Football market is projected to reach €890.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.49%, resulting in a projected market volume of €1,057.00k by 2029.
In global comparison, most revenue will be generated in the United States (€23,960.00m in 2024).
The average revenue per user (ARPU) in the American Football market is projected to amount to €7.12 in 2024.
In the American Football market, the number of users is expected to amount to 139.0k users by 2029.
User penetration in the American Football market will be at 2.1% in 2024.

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Analyst Opinion

The American Football market in Denmark has shown minimal growth in recent years, influenced by factors such as limited media coverage, availability of merchandise, and ticket prices. However, the rise in health consciousness and convenience in online services may drive growth in the future.

Customer preferences: As the popularity of American Football continues to grow in Denmark, there has been a noticeable increase in demand for online streaming services and virtual viewing experiences. This trend is further amplified by the ongoing COVID-19 pandemic, which has led to restrictions on in-person gatherings and events. Additionally, there has been a shift towards virtual fan engagement and interaction, with teams and leagues implementing innovative solutions to keep fans connected and engaged. This reflects a larger trend of consumers seeking convenient and digital alternatives for entertainment and leisure activities.

Trends in the market: In Denmark, there is a growing trend of incorporating technology into American football training and gameplay. This includes the use of virtual reality simulations, wearables for tracking player performance and health, and data analytics tools to improve team strategies. Similarly, in the United States, there is a rise in the use of virtual reality training programs and data-driven decision making in American football. With the continued advancement of technology, these trends are expected to greatly impact the industry and shape the future of the sport. For industry stakeholders, staying updated on these trends and investing in technology may lead to a competitive advantage and improve overall player performance and fan engagement.

Local special circumstances: In Denmark, the American Football Market is still a niche market compared to traditional popular sports such as soccer and handball. However, the sport has gained popularity due to the increasing number of young athletes choosing to pursue American football as a career. The countrys small size and close-knit community have also contributed to the growth of the market, with local teams and leagues fostering a strong sense of camaraderie among players and fans alike. Moreover, the strict regulations and high safety standards imposed by the Danish Football Association have ensured a safe and competitive environment for players, promoting the markets growth.

Underlying macroeconomic factors: The American Football Market within the Sports Market is heavily impacted by macroeconomic factors such as consumer spending, employment rates, and government policies. In Denmark, for example, the growing popularity of American Football is largely due to the countrys strong economic outlook and high levels of disposable income. In the United States, the market is influenced by factors such as the overall health of the economy and consumer confidence. When the economy is thriving, consumers are more willing to invest in entertainment and leisure activities like American Football. On the other hand, economic downturns can lead to a decrease in consumer spending and affect the profitability of the market. Additionally, government policies related to sports funding and infrastructure can also have a significant impact on the American Football market. Overall, strong economic indicators and supportive government policies are crucial for the growth and success of the American Football Market within the Sports Market.

Methodology

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.