Soccer Ticket Sales - Bahrain

Bahrain

Highlights

Revenue in the Soccer Ticket Sales market is projected to reach US$3.61m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.88%, resulting in a projected market volume of US$4.16m by 2029.
In global comparison, most revenue will be generated United Kingdom (US$1.38bn in 2024).
The average revenue per user (ARPU) in the Soccer Ticket Sales market is projected to amount to US$33.42 in 2024.
In the Soccer Ticket Sales market, the number of users is expected to amount to 115.2k users by 2029.
User penetration in the Soccer Ticket Sales market will be at 7.2% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Ticket Sales Market in Bahrain has seen minimal growth due to factors such as limited awareness of online ticketing services and high reliance on traditional methods. However, with the increasing popularity of soccer in the country, it is expected to see a gradual rise in growth in the coming years.

Customer preferences: In Bahrain, there has been a noticeable increase in the popularity of mobile ticket purchasing for soccer games, with more and more consumers opting for the convenience of digital transactions. This trend is likely linked to the countrys high smartphone penetration rates and tech-savvy population. Additionally, there has been a growing demand for VIP and exclusive seating options, reflecting the increasing importance of luxurious experiences and status symbols in the local culture.

Trends in the market: In Bahrain, the Soccer Ticket Sales Market is experiencing a trend towards increased use of online ticket platforms. This is driven by the rise in popularity of mobile ticketing and e-commerce, making it easier for fans to purchase tickets and avoid long queues at physical outlets. Additionally, partnerships between ticketing platforms and soccer clubs have led to special offers and promotions, further boosting online sales. This trend is expected to continue as digitalization continues to penetrate the sports industry. Industry stakeholders should capitalize on this trend by investing in user-friendly platforms and offering a seamless online ticket buying experience for fans. Failure to do so could result in missed opportunities and a declining market share.

Local special circumstances: In Bahrain, the Soccer Ticket Sales Market is greatly influenced by the small size of the country and its relatively small population. This leads to a limited number of teams and stadiums, resulting in limited ticket availability. Additionally, cultural factors play a role as football is the most popular sport in the country, and fans are known for their intense support of their teams. On the regulatory front, strict laws on alcohol consumption and dress codes may impact the atmosphere and attendance at games. These unique factors contribute to the dynamics of the Soccer Ticket Sales Market in Bahrain and set it apart from other markets in the Soccer and Sports industry.

Underlying macroeconomic factors: The Soccer Ticket Sales Market of the Soccer Market in Bahrain is heavily influenced by macroeconomic factors such as economic stability, consumer spending power, and government policies. With a strong and stable economy, consumer confidence and disposable income are higher, leading to increased demand for sports events and tickets. Additionally, government initiatives and investments in the sports sector, such as building modern stadiums and hosting international tournaments, can also have a positive impact on the growth of the soccer ticket sales market in Bahrain. However, factors such as economic downturns, high inflation, and political instability can negatively affect consumer spending and ultimately lead to a decline in ticket sales.

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.