The Cricket market in Israel is experiencing slow growth due to a decrease in interest and participation in the sport. This can be attributed to factors such as the rising popularity of other sports, lack of support for cricket infrastructure, and limited media coverage. However, the market for online ticket sales continues to see modest growth due to the convenience it offers to consumers. Overall, the Cricket market in Israel is expected to continue to face challenges in growth, but digital advancements may provide opportunities for revitalization.
Customer preferences: The growing popularity of cricket in Israel has led to an increase in demand for high-quality equipment and gear, with a particular preference for products that align with the countrys cultural and religious values. This trend has also extended to the preference for eco-friendly and sustainable options, as the environmentally-conscious mindset gains traction among consumers. Additionally, with a rising interest in health and fitness, there is a growing demand for cricket-themed workout routines and fitness programs, catering to the preferences of health-conscious individuals.
Trends in the market: In Israel, the Cricket Market within the Sports Market is experiencing a significant increase in popularity, with more Israeli youth choosing cricket as their preferred sport. This trend is expected to continue, with the formation of more local cricket teams and the establishment of a professional cricket league in Israel. This has led to an increase in demand for cricket equipment and facilities. In addition, there is a rise in the use of technology and data analysis in cricket training and performance evaluation. This trend is expected to enhance the development of young players and elevate the level of competition in the market. Furthermore, the potential for international collaborations and partnerships in the cricket industry is also on the rise, providing opportunities for growth and expansion for industry stakeholders.
Local special circumstances:
In Israel, the Cricket Market within the Sports Market is relatively small compared to other countries. This is due to the fact that cricket is not a popular sport in Israel, with a majority of the population preferring traditional Israeli sports like basketball and soccer. Additionally, there are limited cricket infrastructure and facilities in the country, making it difficult for the sport to gain traction. Furthermore, there also exists cultural and religious barriers as cricket is primarily played in countries with a sizable British influence. Therefore, the market for cricket in Israel is significantly influenced by these unique factors, making it a niche market within the larger Sports Market industry.
Underlying macroeconomic factors: The Cricket Market within the Sports Market in Israel is heavily influenced by macroeconomic factors such as the countrys economic stability and favorable fiscal policies. Israel has a strong economy and a stable political environment, making it an attractive market for sports investments. Furthermore, the government of Israel has undertaken several initiatives to promote and support the growth of the sports industry, including investing in infrastructure, providing tax incentives, and encouraging foreign direct investment. These efforts have contributed to the growth of the Cricket Market in Israel, attracting both local and international players. Additionally, as a relatively new sport in Israel, the demand for cricket is expected to increase over time, supported by the countrys young population and the growing trend of global sports participation.
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.
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