Event Tickets - Belarus

Belarus

Highlights

Revenue in the Event Tickets market is projected to reach US$8.76m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.96%, resulting in a projected market volume of US$10.24m by 2028.
The Music Events market has a projected market volume of US$4.20m in 2024.
In global comparison, most revenue will be generated United States (US$36.26bn in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$29.41 in 2024.
In the Event Tickets market, the number of users is expected to amount to 336.8k users by 2028.
User penetration in the Event Tickets market will be at 3.2% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Belarus is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trend. Customer preferences in the Event Tickets market in Belarus are shifting towards more experiential and live entertainment options. Consumers are increasingly seeking out unique and memorable experiences, rather than simply purchasing traditional tickets for events. This shift in preferences is driving the growth of niche and specialized events, such as music festivals, sports tournaments, and cultural performances. Additionally, there is a growing demand for VIP and premium ticket options, as consumers are willing to pay more for enhanced experiences and exclusive access. Trends in the market indicate a strong demand for international events and performances in Belarus. The country has seen an increase in the number of international artists, musicians, and performers visiting and performing in the country. This trend is driven by a growing interest in global entertainment and cultural experiences among Belarusian consumers. Additionally, the government has been actively promoting Belarus as a destination for international events, which has further contributed to the growth of the Event Tickets market. Local special circumstances in Belarus also play a role in the development of the Event Tickets market. The country has a rich cultural heritage and a vibrant arts and entertainment scene, which attracts both local and international audiences. The Belarusian government has been investing in the development of infrastructure and venues for events, such as stadiums, concert halls, and exhibition centers. This has created a favorable environment for the growth of the Event Tickets market, as it provides the necessary facilities to host a wide range of events. Underlying macroeconomic factors are also contributing to the growth of the Event Tickets market in Belarus. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has resulted in a higher demand for entertainment and leisure activities, including events and performances. Additionally, the government has implemented policies to promote tourism and attract foreign visitors, which has further boosted the demand for Event Tickets in Belarus. In conclusion, the Event Tickets market in Belarus is experiencing significant growth and development due to shifting customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for unique and experiential events, the popularity of international performances, government support for the entertainment industry, and the country's economic growth are all contributing to this positive trend.

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.