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Soccer Ticket Sales - Bangladesh

Bangladesh

Revenue in the Soccer Ticket Sales market is projected to reach US$8.27m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.41%, resulting in a projected market volume of US$8.44m by 2029.
In global comparison, most revenue will be generated in the United Kingdom (US$1,375.00m in 2024).
The average revenue per user (ARPU) in the Soccer Ticket Sales market is projected to amount to US$5.19 in 2024.
In the Soccer Ticket Sales market, the number of users is expected to amount to 1.7m users by 2029.
User penetration in the Soccer Ticket Sales market will be at 0.9% in 2024.

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Analyst Opinion

The Soccer Ticket Sales Market in Bangladesh has seen minimal growth due to factors such as low consumer awareness and limited accessibility to online platforms. Despite this, there is potential for growth through increased adoption of digital technologies and greater health consciousness among consumers.

Customer preferences: With the rise of technology and internet access in Bangladesh, there is a growing trend in consumers purchasing soccer tickets online. This shift towards digital ticket sales is fueled by the convenience and efficiency of online transactions, as well as the desire for contactless payments during the ongoing COVID-19 pandemic. Furthermore, as the younger generation grows up with easy access to online purchasing, it is becoming the preferred method of buying tickets in the soccer market. This trend is expected to continue as internet penetration and online payment options further improve in the country.

Trends in the market: In Bangladesh, the Soccer Ticket Sales market has seen a significant increase in online ticket sales, with more fans opting for the convenience of purchasing tickets digitally. This trend has been accelerated by the global pandemic, which has highlighted the need for contactless transactions. Furthermore, there has been a rise in ticket resale platforms, allowing fans to easily purchase tickets from other fans. These trends have significant implications for stakeholders, as they provide opportunities for increased revenue and improved fan experiences. However, it also poses challenges for traditional ticketing methods and requires adaptation and innovation to stay competitive in the market.

Local special circumstances: In Bangladesh, the Soccer Ticket Sales Market of the Soccer Market within the Sports Market is heavily influenced by the countrys strong passion for soccer and its growing middle class. With a large percentage of the population being avid soccer fans, ticket sales for matches and tournaments consistently reach high levels. Additionally, the popularity of online ticket platforms has increased due to the rise of internet and smartphone usage in the country. Additionally, the lack of major sporting events and entertainment options in Bangladesh further contributes to the strong demand for soccer ticket sales.

Underlying macroeconomic factors: The Soccer Ticket Sales Market in Bangladesh is heavily influenced by macroeconomic factors such as the overall economic health of the country, government policies on sports and entertainment, and global economic trends. The countrys economic growth, stability, and purchasing power of its citizens play a crucial role in driving the demand for soccer tickets. Furthermore, fiscal policies and investment in infrastructure, such as modern sports stadiums and transportation, impact the accessibility and convenience of attending soccer matches. Additionally, global economic trends, such as the rise of digital commerce and increased globalization, also have a significant influence on the Soccer Ticket Sales Market in Bangladesh.

Methodology

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.