Basketball Ticket Sales - Western Africa

Western Africa

Highlights

Revenue in the Basketball Ticket Sales market is projected to reach US$5.64m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.34%, resulting in a projected market volume of US$6.64m 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$9.91 in 2024.
In the Basketball Ticket Sales market, the number of users is expected to amount to 655.1k users by 2029.
User penetration in the Basketball Ticket Sales market will be at 0.1% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Basketball Ticket Sales Market in Western Africa is slowly growing with minimal growth rates. Factors such as limited access to online purchasing options and low awareness of health precautions in the region impact this growth. However, with increasing popularity of basketball in the region, it is expected to experience a steady rise in the coming years.

Customer preferences: As basketball continues to grow in popularity in Western Africa, a similar trend is emerging in the ticket sales market. With the rise of digital platforms, consumers are now able to easily purchase tickets online, leading to a surge in demand for e-ticketing options. This shift is also reflecting a larger trend towards digitalization and convenience in the region, as consumers seek out more efficient ways to access and engage with their favorite sports teams and events. Additionally, as the younger demographic becomes more financially independent, they are also showing a preference for premium ticket packages that offer access to exclusive benefits and experiences.

Trends in the market: In Western Africa, the Basketball Ticket Sales Market is experiencing a surge in online sales, with more fans opting to purchase tickets digitally. This trend is expected to continue as mobile technology becomes increasingly accessible in the region. This shift towards digital ticketing will allow for more efficient and convenient sales, as well as improved data collection for teams and leagues. However, it may also impact traditional ticket sales methods and potentially require adjustments for smaller teams and venues. With the rise of e-commerce in the region, there is also potential for increased competition and partnerships with other industries, such as telecommunications and digital media companies. This presents opportunities for industry stakeholders to capitalize on the growing digital market and enhance the overall fan experience.

Local special circumstances: In Western Africa, the Basketball Ticket Sales Market of the Basketball Market within the Sports Market is heavily influenced by cultural factors. Basketball is a popular sport in many African countries, and local teams have a loyal fan base. This strong enthusiasm for the sport leads to high demand for tickets, especially during major tournaments. Additionally, Western Africa has a large youth population, and the popularity of basketball among young people also contributes to strong ticket sales. Furthermore, the lack of infrastructure in many African countries presents a challenge for ticket sales, as online purchases are not as prevalent and most tickets are sold in person at the venue. These unique local factors play a significant role in shaping the dynamics of the Basketball Ticket Sales Market in Western Africa.

Underlying macroeconomic factors: The Basketball Ticket Sales Market of the Basketball Market within the Sports Market is heavily influenced by macroeconomic factors such as the overall economic health of the respective country, government policies, and global economic trends. Countries with stable economies and favorable fiscal policies tend to have higher demand for basketball tickets, resulting in higher sales and revenue for the market. Additionally, factors such as consumer confidence, disposable income, and purchasing power also play a significant role in determining the success of the market. Furthermore, the popularity of basketball as a sport and cultural influence can also impact ticket sales and market performance in a given country.

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.