Soccer Ticket Sales - Colombia

Colombia

Highlights

Revenue in the Soccer Ticket Sales market is projected to reach US$43.02m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.54%, resulting in a projected market volume of US$51.19m 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$24.92 in 2024.
In the Soccer Ticket Sales market, the number of users is expected to amount to 1.9m users by 2029.
User penetration in the Soccer Ticket Sales market will be at 3.3% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Ticket Sales Market in Colombia has seen steady growth due to the increasing demand for online ticket purchasing, coupled with the growing interest in soccer among consumers. However, the market growth rate remains slow due to factors such as economic instability and high ticket prices.

Customer preferences: One emerging trend in the Soccer Ticket Sales Market of the Soccer Market within the Sports Market is the growing demand for online ticket purchasing platforms. With the rising popularity of soccer in Colombia, consumers are increasingly turning to digital channels to purchase tickets for their favorite teams. This shift is influenced by the convenience and accessibility of online platforms, as well as the younger demographics preference for digital transactions. Additionally, the COVID-19 pandemic has accelerated this trend as many consumers have become more accustomed to online purchasing and seek contactless options for ticket sales.

Trends in the market: In Colombia, the Soccer Ticket Sales Market is experiencing a rise in demand for online ticketing services, with more soccer clubs and leagues offering digital options for fans to purchase tickets and attend matches. Additionally, there is a growing trend of using social media platforms for ticket sales and marketing, allowing for a broader reach and engagement with potential customers. This trend is expected to continue in the coming years, as soccer becomes increasingly popular in Colombia and digital technology becomes more prevalent in the sports industry. These developments highlight the need for industry stakeholders to invest in and prioritize digital ticketing and marketing strategies to tap into a wider audience and enhance overall fan experience.

Local special circumstances: In Colombia, soccer holds a special place in the hearts of its people, making it a popular national sport. The high demand for tickets can be attributed to the strong loyalty of fans to their beloved teams. Moreover, the countrys geographic diversity, with its diverse landscapes and climates, plays a significant role in the popularity of the sport. This diversity creates a unique culture and passion for the game across different regions, influencing ticket sales. The countrys regulations also have a significant impact, with government initiatives promoting the development of sports infrastructure, improving facilities and increasing spectator capacity, further boosting ticket sales in the soccer market.

Underlying macroeconomic factors: The Soccer Ticket Sales Market of the Soccer Market within the Sports Market in Colombia is heavily influenced by macroeconomic factors such as national economic health and fiscal policies. With a growing economy and strong government support for the sports industry, the soccer market is expected to continue its upward trend in terms of ticket sales. Additionally, the countrys increasing popularity as a tourist destination and the rising popularity of soccer worldwide are also contributing to the demand for tickets, leading to a positive outlook for the market. However, potential challenges such as fluctuations in exchange rates, political instability, and economic downturns in key markets may affect ticket sales and overall market performance.

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.