Cricket - Finland | Statista Market Forecast

Cricket - Finland

Finland

Highlights

Revenue in the Cricket market is projected to reach US$606.30k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.58%, resulting in a projected market volume of US$624.10k 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$9.65 in 2024.
In the Cricket market, the number of users is expected to amount to 63.3k users by 2029.
User penetration in the Cricket market will be at 1.1% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cricket market in Finland is facing a negligible decline in growth rate due to various factors such as limited availability of tickets, lack of media coverage, and competition from other sports. However, the market still experiences some growth driven by the increasing popularity and demand for digital technologies, as well as the growing health awareness and convenience offered by online ticket sales.

Customer preferences: The growing popularity of T20 cricket tournaments, coupled with the rise of social media, has led to an increased demand for interactive and engaging fan experiences. Consumers are now seeking out live updates, highlights, and player interviews on various digital platforms, highlighting a shift towards a more digital and connected fanbase. Additionally, with a growing focus on health and wellness, we are seeing a rise in the demand for personalized training regimens and dietary plans tailored to meet the specific needs and preferences of cricket players. These trends demonstrate the evolving lifestyle preferences of consumers in the Cricket Market within the Sports Market, with a greater emphasis on digital engagement and personalization.

Trends in the market: In Finland, the Cricket Market within the Sports Market is experiencing a rise in popularity, with more young players showing interest in the sport. In terms of market trends, there has been an increase in the establishment of cricket leagues, clubs, and training facilities across the country. This trend is expected to continue in the coming years, with the Finnish Cricket Association actively promoting the growth of the sport. The significance of this trend lies in the potential for a new market to emerge, creating opportunities for stakeholders such as equipment manufacturers, sports brands, and sponsors. Additionally, the increase in cricket-related events in Finland could attract tourists, further boosting the countrys sports tourism industry. However, industry stakeholders may also face challenges in terms of competition within the crowded Sports market and the need to invest in marketing and infrastructure to tap into this growing trend.

Local special circumstances: In Finland, the Cricket Market is relatively small compared to other Sports markets, with a limited number of clubs and a lesser popularity among the general public. This can be attributed to the country’s geographical location and its traditional affinity towards winter sports. Additionally, there are regulatory barriers for foreign players, which limits the growth potential for international leagues to enter the market. Despite these challenges, the local cricket community is thriving with a strong emphasis on grassroots development and a dedicated fan base. This creates a unique landscape for the Cricket Market in Finland, which is shaped by the countrys distinct cultural and regulatory circumstances.

Underlying macroeconomic factors: One of the main macroeconomic factors influencing the Cricket Market within the Sports Market in Finland is the countrys overall economic health. As a developed nation with a high GDP per capita and stable political and social environment, Finland provides a favorable market for sports industries. Additionally, government support for sports and investments in sporting facilities and infrastructure play a crucial role in the growth of the Cricket Market. Furthermore, Finlands strong focus on promoting an active and healthy lifestyle also contributes to the demand for sports and fitness products and services, including cricket. Lastly, global economic trends, such as the growing popularity of cricket as a global sport, also play a significant role in driving the growth of the market in Finland. Overall, these macroeconomic factors create a conducive environment for the development and expansion of the Cricket Market in Finland and are expected to continue driving its growth in the foreseeable 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.