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The Cricket market in Bosnia and Herzegovina has been experiencing modest growth, influenced by factors such as rising interest in digital technologies, growing health consciousness among consumers, and the convenience offered by online services. However, the markets minimal decline may be impacted by various factors, including the current state of the economy, competition from other sports, and the availability of affordable ticket prices.
Customer preferences: Cricket is gaining popularity among young adults as a form of physical activity and social bonding. Online platforms and social media groups have emerged as avenues for engaging and connecting with fellow cricket enthusiasts. In addition, the rise of cricket leagues and tournaments, such as the Premier League of Bosnia and Herzegovina, have sparked a growing interest and participation in the sport. This trend is fueled by the desire for a sense of community and the need for physical outlets and outdoor activities among the youth.
Trends in the market: In Bosnia and Herzegovina, there has been a recent surge in popularity for cricket, with increasing participation from both local and foreign players. This trend is expected to continue as more cricket clubs and leagues are being established in the country. Additionally, there has been a growing interest in cricket among the general population, especially among youth. This trend not only presents opportunities for growth in the Cricket Market within the Sports Market, but also has the potential to positively impact the overall sports industry in the country. As more resources and attention are given to the sport, there is potential for increased investments, sponsorships, and partnerships. This could lead to the development of better facilities and training programs, ultimately raising the profile and competitiveness of Bosnian cricket on an international level. With the continued growth of the sport, stakeholders in the industry can expect to see a rise in revenue and opportunities for expansion, both domestically and internationally.
Local special circumstances: In Bosnia and Herzegovina, the Cricket Market in the Sports Market is heavily influenced by the countrys rich history and cultural traditions. The sport is not only popular among the local population but also serves as a symbol of unity and national pride. Furthermore, the geographical landscape, with its mountainous terrain and mild climate, creates ideal conditions for cricket to be played throughout the year. Additionally, the countrys regulatory environment, with its growing economy and increasing disposable income, has led to a rising demand for sports and recreational activities, further driving the growth of the Cricket Market.
Underlying macroeconomic factors: The Cricket Market within the Sports Market in Bosnia and Herzegovina is impacted by various macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, the economic stability of the country and its level of investment in sports infrastructure play a key role in the growth of the Cricket Market. Additionally, global trends such as the increasing popularity of cricket as a sport and the rise of international tournaments also influence the market in Bosnia and Herzegovina. Moreover, fiscal policies such as taxation and government support towards sports development can have a significant impact on the growth and performance of the Cricket Market in the country.
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)