Cricket - Bahrain | Statista Market Forecast

Cricket - Bahrain

Bahrain

Highlights

Revenue in the Cricket market is projected to reach US$72.68k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.67%, resulting in a projected market volume of US$78.93k by 2029.
In global comparison, most revenue will be generated India (US$2.27bn in 2024).
The average revenue per user (ARPU) in the Cricket market is projected to amount to US$1.34 in 2024.
In the Cricket market, the number of users is expected to amount to 58.9k users by 2029.
User penetration in the Cricket market will be at 3.6% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cricket market in Bahrain is facing a negligible decline in growth rate due to factors such as the emergence of new forms of entertainment and lack of interest from younger generations. Despite this, the market is still driven by devoted fans, increasing media coverage and the convenience of online ticket sales.

Customer preferences: The rising popularity of T20 cricket tournaments in Bahrain has led to a growing market for fast-paced, action-packed entertainment. With the increasing accessibility of live streaming platforms, cricket enthusiasts can now catch their favorite players in the comfort of their own homes. This trend is further fueled by a growing demand for customized viewing experiences and interactive features, catering to the preferences of younger, tech-savvy audiences. Furthermore, the rise of casual cricket leagues and tournaments catered towards amateur players has also contributed to the overall growth of the cricket market in Bahrain, highlighting the potential for inclusive and community-driven initiatives in the sports industry.

Trends in the market: In Bahrain, the Cricket Market within the Sports Market is experiencing a growing trend of digitalization, with online platforms providing live streaming of matches and stats tracking. This is resulting in a wider reach for audiences and increased engagement with the sport. Additionally, there is a rise in the popularity of fantasy cricket leagues, with many people participating in the online game. These trends have significant implications for stakeholders in the industry, as they provide new opportunities for revenue generation and fan engagement strategies. With the continued growth of digital platforms and technology, the Cricket Market in Bahrain is expected to evolve further and enhance the overall fan experience.

Local special circumstances: In Bahrain, the Cricket Market within the Sports Market is heavily influenced by the countrys love for the sport and its strategic location in the Gulf region. With a relatively small local population, the market is primarily driven by expats from South Asian countries, where cricket is a popular sport. Additionally, the governments support and investments in developing cricket facilities and hosting international tournaments have further propelled the growth of the market. These factors make the Bahraini Cricket Market unique and attractive for international players and investors.

Underlying macroeconomic factors: The Cricket Market within the Sports Market in Bahrain is greatly influenced by macroeconomic factors such as the countrys GDP, economic growth rate, government spending, and fiscal policies. As a small and open economy, Bahrains economy is largely impacted by global economic trends, making it vulnerable to external shocks such as fluctuations in oil prices. A strong economy and stable political climate in Bahrain have led to increased disposable income and consumer spending, contributing to the growth of the Cricket Market. Additionally, the governments investment in sports facilities and infrastructure has created a conducive environment for the development of the Cricket Market. However, challenges such as the COVID-19 pandemic and recent budget cuts may pose a threat to the markets growth in the near future.

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.