Market Insights Advertising & Media Sports Baseball

Baseball Ticket Sales - Egypt

Egypt

Revenue in the Baseball Ticket Sales market is projected to reach US$0.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.60%, resulting in a projected market volume of US$0.68m by 2029.
In global comparison, most revenue will be generated in the United States (US$2,875.00m in 2024).
The average revenue per user (ARPU) in the Baseball Ticket Sales market is projected to amount to US$3.16 in 2024.
In the Baseball Ticket Sales market, the number of users is expected to amount to 223.4k users by 2029.
User penetration in the Baseball Ticket Sales market will be at 0.2% in 2024.

Market

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Analyst Opinion

The Baseball Ticket Sales Market in Egypt is experiencing minimal growth due to factors such as low consumer awareness and limited access to online services. Despite being a part of the lucrative Sports Market, it is hindered by slower adoption of digital technologies and lack of health awareness. These factors have impacted the growth rate significantly, making it challenging for the market to expand.

Customer preferences: With the rise of social media and the increasing importance of visual content, the Baseball Ticket Sales Market in Egypt has experienced a shift in consumer preferences towards immersive fan experiences. This has driven a demand for virtual reality and augmented reality technology to enhance live sporting events. Additionally, there has been a rise in demand for personalized merchandise and exclusive VIP packages, catering to the growing trend of individualization and unique fan experiences. This trend is also influenced by the younger demographic, who prefer to document and share their experiences on social media.

Trends in the market: In Egypt, there is a rising trend in online ticket sales for baseball games, with more people turning to digital platforms for purchasing tickets. This trend is significant as it allows fans to conveniently access tickets, regardless of their location, and reduces the need for physical ticket outlets. It also opens up the potential for international ticket sales, expanding the market for baseball in Egypt. However, this shift towards digital ticket sales may also negatively impact traditional ticket sellers and their revenue. As the trend progresses, stakeholders in the baseball market should adapt and invest in digital sales platforms to stay relevant and capture the expanding market.

Local special circumstances: In Egypt, the Baseball Ticket Sales Market has unique dynamics due to the countrys high population and widespread popularity of the sport. Unlike other markets, ticket sales are heavily influenced by cultural events and celebrations, such as the annual Ramadan tournaments. Additionally, the governments regulations on sporting events and public gatherings play a significant role in the sales and distribution of tickets. The market also faces challenges with accessibility, as many stadiums are located in major cities, making it difficult for rural fans to attend games.

Underlying macroeconomic factors: The growth of the Baseball Ticket Sales Market within the Sports Market is also influenced by macroeconomic factors such as consumer spending trends, economic stability, and government policies promoting sports and entertainment industries. Countries with a strong sports culture and favorable economic conditions, such as a growing middle class with disposable income, are experiencing higher demand for baseball tickets. Additionally, strategic partnerships and investments in sports infrastructure, such as stadiums and facilities, can also contribute to the growth of the Baseball Ticket Sales Market.

Methodology

Data coverage:

The data encompasses B2C revenues. Figures are based on ticket 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.