Basketball Ticket Sales - Chile

Chile

Highlights

Revenue in the Basketball Ticket Sales market is projected to reach US$731.30k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.89%, resulting in a projected market volume of US$764.40k 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$9.93 in 2024.
In the Basketball Ticket Sales market, the number of users is expected to amount to 75.5k users by 2029.
User penetration in the Basketball Ticket Sales market will be at 0.4% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Basketball Ticket Sales Market in Chile has been observing minimal growth, influenced by factors such as low demand due to the pandemic, limited seating capacity in stadiums, and competition from other entertainment industries.

Customer preferences: As the popularity of basketball continues to grow in Chile, there has been a noticeable increase in demand for online ticket purchases and digital solutions for game attendance. This trend has been fueled by the younger generations preference for convenience and efficiency, as well as the overall advancement of technology. Furthermore, the rise of e-commerce and mobile ticketing has made it easier for fans to purchase tickets and attend games, making the market more accessible to a wider audience.

Trends in the market: In recent years, the Chilean basketball market has seen a significant increase in ticket sales, driven by the growing popularity of the sport among the countrys population. This trend has been further intensified by the rise of social media and the proliferation of digital ticket platforms, making it easier for fans to purchase and access tickets. Additionally, the increased investment in infrastructure and marketing by major basketball leagues and teams has also contributed to this growth. This trajectory is not only significant for industry stakeholders, such as team owners and sponsors, but also for sports fans, who now have greater access to live games and events. Moving forward, this trend is expected to continue, with potential implications for the market, including increased revenue and overall growth for the basketball industry in Chile.

Local special circumstances: In Chile, basketball is a popular sport with a strong following. The countrys geographic location and topography make it ideal for outdoor basketball, leading to a high number of public courts and amateur leagues. Additionally, Chiles cultural emphasis on physical activity and fitness has contributed to the growth of the basketball market. However, the market is limited by government regulations on stadium capacities and ticket prices, which can impact ticket sales. Furthermore, the economic downturn in recent years has also affected the purchasing power of the average consumer, potentially impacting ticket sales in the basketball market.

Underlying macroeconomic factors: The Basketball Ticket Sales Market of the Basketball Market within the Sports Market is significantly impacted by macroeconomic factors such as consumer spending power, economic stability, and government policies. In countries with a well-performing economy and strong fiscal policies, the demand for basketball tickets is higher, resulting in increased sales and revenue. Additionally, global economic trends, such as the growth of the sports industry, also play a role in the ticket sales market, as they influence the overall popularity and viewership of basketball games. On the other hand, economic downturns and unfavorable policies can lead to a decrease in consumer spending and ultimately affect the ticket sales market negatively. Therefore, it is essential to closely monitor and consider these macroeconomic factors when analyzing the performance of the Basketball Ticket Sales Market in Chile.

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.