Event Tickets - Bangladesh

Bangladesh

Revenue in the Event Tickets market is projected to reach US$86.37m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.00%, resulting in a projected market volume of US$89.88m by 2028.
The Sport Events market has a projected market volume of US$30.86m in 2024.
In global comparison, most revenue will be generated in the United States (US$36,260.00m in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$19.62 in 2024.
In the Event Tickets market, the number of users is expected to amount to 4.9m users by 2028.
User penetration in the Event Tickets market will be at 2.6% in 2024.

Key regions: Germany, India, China, Europe, Japan

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Analyst Opinion

The Event Tickets market in Bangladesh has been experiencing significant growth in recent years.

Customer preferences: Bangladeshis have shown a growing interest in attending various events, such as concerts, sports matches, and theater performances. This can be attributed to the increasing disposable income and changing lifestyles of the population. As people seek more entertainment options, the demand for event tickets has risen steadily. Additionally, the younger generation in Bangladesh is more inclined towards attending live events, which has further fueled the growth of the market.

Trends in the market: One of the key trends in the Event Tickets market in Bangladesh is the shift towards online ticketing platforms. With the increasing penetration of smartphones and internet connectivity, more people are opting to purchase tickets online. This trend offers convenience and ease of access to a wide range of events. Online ticketing platforms also provide customers with the option to compare prices and choose the best deals, further driving the growth of the market. Another trend in the market is the rise of international events in Bangladesh. The country has been attracting a growing number of international artists, sports teams, and performers, leading to an increase in demand for event tickets. These international events not only cater to the local population but also attract tourists, contributing to the overall growth of the market.

Local special circumstances: Bangladesh has a vibrant cultural scene, with a rich heritage of music, dance, and art. This has created a strong demand for event tickets, as people in Bangladesh value and appreciate cultural performances. The country also has a passionate sports culture, with cricket being the most popular sport. The enthusiasm for sports events, particularly cricket matches, drives the demand for event tickets.

Underlying macroeconomic factors: The economic growth of Bangladesh has played a significant role in the development of the Event Tickets market. As the country's economy continues to grow, more people have disposable income to spend on leisure activities, including attending events. The rising middle class in Bangladesh has become a key consumer segment for event tickets, contributing to the market's growth. In conclusion, the Event Tickets market in Bangladesh is experiencing growth due to changing customer preferences, such as a growing interest in attending events and a shift towards online ticketing platforms. The rise of international events and the country's vibrant cultural and sports scene also contribute to the market's development. The underlying macroeconomic factors, including economic growth and the rising middle class, further drive the demand for event tickets in Bangladesh.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. 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 and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.