Baseball Media - Bahrain

Bahrain

Highlights

Revenue in the Baseball Media market is projected to reach US$143.30k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.85%, resulting in a projected market volume of US$137.30k by 2029.
In global comparison, most revenue will be generated United States (US$5.84bn in 2024).
The average revenue per user (ARPU) in the Baseball Media market is projected to amount to US$1.94 in 2024.
In the Baseball Media market, the number of users is expected to amount to 74.2k users by 2029.
User penetration in the Baseball Media market will be at 4.9% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Baseball Media Market in Bahrain has witnessed minimal growth due to a decline in the overall Sports Market. Factors affecting this include limited resources, low awareness, and the popularity of other sports. However, with the increasing use of technology and rising interest in baseball, this market is expected to pick up and expand in the near future.

Customer preferences: As the global popularity of baseball continues to rise, media consumption patterns are also evolving in Bahrain. Consumers are increasingly turning to digital streaming platforms to watch live games, leading to a decline in traditional TV viewership. With a young population that is highly connected and tech-savvy, social media is also playing a significant role in shaping the baseball media market. Teams and leagues are utilizing social media to engage with fans and provide behind-the-scenes content. This shift towards digital media is also influenced by the rise of mobile phone usage, as more and more consumers prefer to access sports content on their mobile devices, highlighting the need for mobile-friendly and innovative platforms.

Trends in the market: In Bahrain, the baseball media market is experiencing a similar trend towards digitalization. More and more fans are turning to online streaming services to watch matches, while social media platforms are being used by teams and players to engage with their audiences and promote their brand. This trend is significant as it allows for greater global reach and accessibility, potentially attracting new fans and increasing revenue opportunities. Furthermore, with the increasing popularity of mobile devices and social media, this trend is likely to continue to grow in the future and may eventually lead to a shift away from traditional media channels for sports coverage.

Local special circumstances: In Bahrain, the Baseball Media Market of the Baseball Market within the Sports Market is heavily influenced by the countrys strong passion for sports. Baseball is gaining popularity among the youth, with several local teams and leagues emerging. However, the market is limited by the small population and the lack of a large dedicated fan base. Furthermore, the conservative culture in Bahrain presents challenges for promoting and broadcasting the sport, as it may be seen as conflicting with traditional values. These factors contribute to a unique and evolving market dynamic in the Baseball Media Market in Bahrain.

Underlying macroeconomic factors: According to recent macroeconomic data, the Baseball Media Market in Bahrain is expected to experience steady growth in the coming years. This can be attributed to the countrys stable economic climate, supportive fiscal policies, and significant investments in the Sports market. Furthermore, the global popularity of baseball and its increasing fan base in the region are also major factors contributing to the growth of this market. Additionally, the governments initiatives to promote sports and recreational activities, such as the construction of modern sports facilities, are expected to drive the demand for baseball media in Bahrain.

Data coverage:

The data encompasses B2B revenues. Figures are based on media spending from businesses to several clubs. That also includes the revenues from advertising as this is part of media and broadcasting contracts the individual clubs have with their respective leagues.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, 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.