Baseball - Bahrain | Statista Market Forecast

Revenue in the Baseball market is projected to reach US$469.30k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.03%, resulting in a projected market volume of US$493.90k by 2029.
In global comparison, most revenue will be generated United States (US$9.96bn in 2024).
The average revenue per user (ARPU) in the Baseball market is projected to amount to US$6.32 in 2024.
In the Baseball market, the number of users is expected to amount to 74.7k users by 2029.
User penetration in the Baseball market will be at 5.0% in 2024.

Definition:

The Baseball market encompasses various aspects of the sport, including media coverage, ticket sales, and merchandise, catering to the extensive global fanbase of baseball. It includes platforms and channels dedicated to delivering news, analysis, and entertainment related to baseball events worldwide, as well as the sale of tickets for live baseball games and various baseball-related merchandise.

Structure:

Baseball Media: This segment includes revenues from television and online streaming rights for baseball games, providing fans with access to live coverage and analysis.
Baseball Ticket Sales: This segment comprises revenues from the sale of tickets for baseball games held in stadiums, online ticketing platforms facilitating ticket purchases, and season ticket packages.
Baseball Merchandising: This segment encompasses revenues from the sale of various baseball-related products and merchandise, such as team jerseys, baseball caps, apparel, equipment, and memorabilia, allowing fans to showcase their support for their favorite teams and players.

Additional information:

Key metrics within the Baseball Market include revenues, viewers, ticket sales volumes, merchandise sales volumes, and market penetration rates. 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 Baseball Market include broadcasting networks, baseball teams, sports 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

The Baseball Market in Bahrain is on a slow growth trajectory, influenced by factors such as limited public interest, lack of media coverage, and availability of specialized merchandise and ticket sales. However, with increasing awareness and access to digital technologies, there is potential for future growth in this market.

Customer preferences: As the popularity of baseball in Bahrain continues to grow, there has been a noticeable increase in demand for technology and data-driven solutions in the sport. From players using advanced analytics to improve their performance to fans relying on mobile apps for live score updates and game analysis, the incorporation of digital tools has become a significant trend in the Baseball market. Furthermore, with the rise of social media and online streaming, fans are now able to access the sport in new and exciting ways, indicating a shift towards a more tech-savvy audience.

Trends in the market: In Bahrain, the Baseball Market is seeing an increase in the popularity of amateur and youth leagues, with more investments being made in developing local talent. This trend is expected to continue upwards due to the governments initiatives to promote sports and encourage youth participation. As a result, there is a growing demand for sports facilities and equipment, providing opportunities for industry stakeholders to expand their offerings and tap into this emerging market. Additionally, there is a rise in the use of technology in baseball training and coaching, with the adoption of data analytics and video analysis tools. This trend is significant as it allows for more precise and data-driven decision-making in player development. It also opens up new revenue streams for technology companies and coaches offering these services. However, it poses a potential challenge for traditional coaches who may struggle to adapt to the changing landscape of the sport. Overall, the current trends in the Bahraini Baseball Market present lucrative opportunities for industry stakeholders while also driving innovation and technological advancements in the sport.

Local special circumstances: In Bahrain, the Baseball Market is still in its early stages of development, but already showing promising growth potential. Unlike the US and other countries where baseball is traditionally popular, Bahrain does not have a strong historical connection to the sport. This has led to a unique market dynamic where the majority of baseball interest comes from expats and foreign tourists. However, with the support of the Bahrain Olympic Committee and the governments efforts to promote sports tourism, the sport is gaining popularity among the local population as well. With the increasing number of youth participation programs and growing interest in competitive leagues, the Baseball Market in Bahrain is expected to experience significant growth in the coming years.

Underlying macroeconomic factors: The growth of the Baseball Market within the Sports Market in Bahrain is greatly affected by macroeconomic factors such as the countrys national economic health and financial policies. As a small island nation heavily dependent on the oil sector, Bahrains economy has been affected by global economic trends, specifically fluctuations in oil prices. However, the country has implemented diversification strategies to reduce its reliance on oil revenue and promote other sectors, including sports and tourism. Fiscal policies, such as tax exemptions for sports events and investments in state-of-the-art sports facilities, have also contributed to the growth of the Baseball Market in Bahrain. These efforts have attracted foreign investment and increased the countrys competitiveness in the global Sports market.

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.