Soccer Ticket Sales - Serbia

Serbia

Highlights

Revenue in the Soccer Ticket Sales market is projected to reach US$2.43m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.03%, resulting in a projected market volume of US$2.82m 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$11.46 in 2024.
In the Soccer Ticket Sales market, the number of users is expected to amount to 226.2k users by 2029.
User penetration in the Soccer Ticket Sales market will be at 3.0% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The soccer ticket sales market in Serbia has seen slow growth recently due to various factors such as economic challenges and limited access to online ticketing services. However, with an increasing soccer fan base and a rise in demand for professional leagues, the market is expected to pick up in the coming years.

Customer preferences: One notable trend in the Soccer Ticket Sales Market of the Soccer Market within the Sports Market is the increasing preference for online ticket purchasing. With the rise of digitalization and convenience, more consumers are turning to online platforms to buy tickets for soccer matches. This is particularly true among younger demographics who are tech-savvy and value the ease and speed of online transactions. Additionally, the ongoing COVID-19 pandemic has also accelerated this trend as people are hesitant to attend physical events and are opting for online ticket purchases instead. This shift towards online sales has prompted soccer teams and clubs to invest in robust e-commerce platforms and strategic digital marketing to meet the growing demand for online ticketing.

Trends in the market: In Serbia, there is a growing trend of using online platforms for purchasing soccer match tickets. This allows fans to conveniently and quickly secure their desired tickets without having to wait in long lines. Additionally, there is a rise in the use of mobile ticketing, allowing for paperless and contactless ticket delivery. Both of these trends are expected to continue in the near future, as more fans are turning to digital options for their ticket purchasing needs. This has significant implications for industry stakeholders, such as soccer clubs and ticketing companies, who will need to invest in these technologies to stay competitive and meet consumer demands. It also presents an opportunity for targeted marketing and personalized offers, as the data collected from online ticket sales can provide insights into consumer preferences and behaviors.

Local special circumstances: In Serbia, the Soccer Ticket Sales Market is heavily influenced by the countrys deep love for soccer and its strong sporting culture. The passion for the sport is evident in the massive fan base and high attendance at matches. Moreover, the countrys relatively small size and centralized location make it convenient for fans to attend matches. Additionally, the governments regulations on ticket prices and distribution also play a significant role in shaping the dynamics of the Soccer Market within the Sports Market. These factors create a unique environment that sets the Soccer Ticket Sales Market in Serbia apart from others in the industry.

Underlying macroeconomic factors: The Soccer Ticket Sales Market in Serbia is influenced by various macroeconomic factors, such as the overall economic trend in the country, fiscal policies, and global economic conditions. The performance of the Soccer Market within the Sports Market is heavily dependent on the financial health of the country and its citizens, as well as the availability of disposable income. Furthermore, government policies and regulations regarding ticket sales, taxes, and subsidies can also have a significant impact on the market. Economic stability and growth, as well as consumer spending patterns, are crucial considerations for the success of the Soccer Ticket Sales Market in Serbia.

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.