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The Baseball Market in MENA is seeing slow growth, influenced by factors such as declining interest in traditional sports, limited access to media and high ticket prices for major leagues. Despite minor growth in merchandise sales, the market is struggling to attract new fans and expand beyond existing consumer base.
Customer preferences: The Baseball Market within the Sports Market in MENA has witnessed a significant increase in online ordering and delivery services for sports equipment and apparel. This trend can be attributed to the growing popularity of e-commerce and the convenience it offers to consumers in the region. Additionally, there has been a rise in demand for eco-friendly and sustainable products, driven by the increasing awareness and concern for the environment among consumers. As a result, there is a growing trend towards the use of environmentally friendly materials in the production of baseball equipment.
Trends in the market: In the MENA region, the Baseball Market within the Sports Market market is experiencing a growth in digital sports media, driven by the rising popularity of online streaming and social media platforms. In addition, there is a growing trend of using data analytics and artificial intelligence in player performance analysis and in-game decision-making. This trend is expected to continue as teams and leagues invest in technology to gain a competitive edge. Furthermore, the use of virtual and augmented reality in fan engagement is on the rise, providing immersive experiences and new revenue streams for industry stakeholders. These trends highlight the increasing significance of technology in the baseball market and its potential implications for the future of the sport.
Local special circumstances: In the MENA region, the Baseball Market within the Sports Market is heavily influenced by the cultural and social significance of the sport. Baseball is not just a game, but a symbol of national identity and pride, with popularity spanning across all demographics. Additionally, regulatory restrictions in certain countries limit the development of the market, making it challenging for foreign companies to enter. In contrast, countries like the UAE are investing in state-of-the-art baseball facilities and hosting international tournaments, generating significant revenue and growth opportunities for the market.
Underlying macroeconomic factors: The Baseball Market within the Sports Market in the MENA region is significantly impacted by macroeconomic factors such as economic stability, government policies, and investment in sports infrastructure. Countries with strong economic growth and government support for the development of sports are experiencing a faster growth rate in their Baseball Market. This is primarily driven by the increasing popularity of baseball and the growing interest in sports as a form of entertainment. Additionally, the rising disposable income and changing consumer preferences towards sports as a source of leisure and recreation in the region are also fueling the growth of the Baseball 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)