Baseball Ticket Sales - Turkey

Turkey

Highlights

Revenue in the Baseball Ticket Sales market is projected to reach US$2.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.52%, resulting in a projected market volume of US$2.25m by 2029.
In global comparison, most revenue will be generated United States (US$2.88bn in 2024).
The average revenue per user (ARPU) in the Baseball Ticket Sales market is projected to amount to US$3.25 in 2024.
In the Baseball Ticket Sales market, the number of users is expected to amount to 688.3k users by 2029.
User penetration in the Baseball Ticket Sales market will be at 0.7% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Baseball Ticket Sales market in Turkey has seen limited growth lately due to various factors, including competition from other Sports markets and the increasing prices of tickets. However, with the rising popularity of online ticket purchasing and the upcoming slew of exciting games, the market is projected to experience a slight growth in the upcoming years.

Customer preferences: As the Turkish population continues to urbanize and adopt more Western-style habits, there has been a noticeable increase in the popularity of baseball as a sport. This has resulted in a growing demand for baseball tickets, especially among the younger generation. With the rise of social media and influencer culture in Turkey, there is also a trend towards creating an ‘experience’ around attending a baseball game, rather than just watching the sport itself. This is leading to increased sales of VIP tickets and luxury packages, as well as a demand for unique and highly-instagrammable stadium experiences.

Trends in the market: In Turkey, the Baseball Ticket Sales Market is seeing a shift towards online ticket sales, with consumers increasingly preferring the convenience and ease of purchasing tickets from their smartphones or computers. This trend is expected to continue as digitalization and the popularity of online shopping and mobile usage grows in the country. As a result, industry stakeholders are investing in developing user-friendly ticketing platforms and mobile apps to cater to this demand. Additionally, the use of targeted marketing techniques, such as social media ads and influencer partnerships, is becoming more prevalent in order to reach a wider audience and increase ticket sales. These developments have significant implications for the Baseball Market within the Sports Market, as they allow for a wider reach and engagement with fans, ultimately leading to increased revenue opportunities for teams and event organizers.

Local special circumstances: In Turkey, the demand for baseball tickets is heavily influenced by the countrys unique cultural and economic factors. The sport is not widely popular in Turkey, where football reigns supreme, causing lower demand for baseball tickets. Additionally, the countrys geographical location limits the number of international baseball games that can be played, further impacting market dynamics. However, the recent rise of interest in the sport among young Turks and government initiatives to promote baseball may lead to an increase in ticket sales in the future.

Underlying macroeconomic factors: The growth of the Baseball Ticket Sales Market in Turkey is influenced by macroeconomic factors such as the overall economic health of the country, the governments fiscal policies, and the global economic climate. A stable economy with a strong consumer base and favorable regulations for Sports markets can lead to increased demand for baseball tickets. On the other hand, an economic recession or unstable political environment can negatively impact consumer spending and dampen ticket sales. Additionally, investments in sports infrastructure and facilities can also attract more fans and increase the overall demand for baseball tickets.

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.