Basketball Ticket Sales - Bahrain

Bahrain

Highlights

Revenue in the Basketball Ticket Sales market is projected to reach US$332.20k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.91%, resulting in a projected market volume of US$365.20k by 2029.
In global comparison, most revenue will be generated United States (US$2.50bn in 2024).
The average revenue per user (ARPU) in the Basketball Ticket Sales market is projected to amount to US$9.82 in 2024.
In the Basketball Ticket Sales market, the number of users is expected to amount to 36.6k users by 2029.
User penetration in the Basketball Ticket Sales market will be at 2.3% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Basketball market in Bahrain has seen minimal growth due to various factors such as low consumer interest, limited digital adoption, and competition from other sports. Despite efforts to increase sales, the market has struggled to keep up with the rising trend of online ticket purchases. Factors such as lack of promotions, limited accessibility to games, and high ticket prices have impacted the markets growth rate.

Customer preferences: One notable shift in consumer preferences in the Basketball Ticket Sales Market of the Basketball Market in Bahrain is the increasing demand for contactless ticketing options. With the rise of the Covid-19 pandemic, consumers are now more inclined to purchase digital tickets and utilize mobile ticketing apps to avoid physical contact and promote social distancing. This trend is expected to continue even post-pandemic, as it offers convenience and faster entry into events. Additionally, there has been a growing interest in livestreaming options for basketball games, catering to those who prefer watching from the comfort of their homes or do not have access to physical events. This shift towards digital solutions reflects the evolving lifestyle preferences of consumers in Bahrain.

Trends in the market: In Bahrain, the Basketball Ticket Sales Market is experiencing a surge in online ticket sales, with a growing number of fans purchasing tickets through websites and mobile apps. This trend is significant as it offers convenience and accessibility for fans, driving up overall ticket sales and revenue. It also allows for more targeted marketing and data collection for industry stakeholders. However, it may also lead to a decrease in traditional ticket sales at physical box offices and pose challenges for smaller teams and venues without the resources to invest in digital platforms. As the country continues to embrace technology, this trend is expected to continue, shaping the future of the Basketball Market within the Sports Market.

Local special circumstances: In Bahrain, the Basketball Ticket Sales Market is heavily influenced by the countrys strong basketball culture. It is a popular sport among both locals and expats, and there is a high demand for tickets to games. Additionally, the countrys small size and close community create a tight-knit fan base and a sense of camaraderie among supporters. On the regulatory front, government regulations for public gatherings can impact ticket sales, especially during major events such as the FIBA Gulf Cup. These factors contribute to the unique dynamics of the Basketball Ticket Sales Market in Bahrain.

Underlying macroeconomic factors: The Basketball Ticket Sales Market in Bahrain is heavily impacted by macroeconomic factors such as Qatars fiscal policies, global economic trends, and the national economic health of Bahrain itself. As a small island country heavily reliant on oil exports, any changes in the global oil market can greatly influence the countrys economy and thus, the purchasing power of its citizens. Moreover, the recent global economic downturn and the ongoing COVID-19 pandemic have had a significant impact on consumer spending and confidence, leading to lower ticket sales for basketball games. It is also worth noting that Bahrains government has implemented various measures to control inflation and stimulate economic growth, which can also affect the demand and pricing for basketball 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.