Event Tickets - Central & Western Europe

Central & Western Europe

Highlights

Revenue in the Event Tickets market is projected to reach US$13.60bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.96%, resulting in a projected market volume of US$14.69bn by 2028.
The Music Events market has a projected market volume of US$6.72bn 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$181.10 in 2024.
In the Event Tickets market, the number of users is expected to amount to 76.3m users by 2028.
User penetration in the Event Tickets market will be at 22.4% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Central & Western Europe 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 Central & Western Europe are shifting towards more immersive and unique experiences. Customers are increasingly seeking out events that offer a combination of entertainment, cultural experiences, and social interaction. This has led to a rise in demand for tickets to music festivals, art exhibitions, theater performances, and sporting events. Additionally, customers are also looking for convenience and ease of purchase, with online ticket platforms becoming increasingly popular. One of the key trends in the Event Tickets market in Central & Western Europe is the increasing use of technology. Mobile applications and online platforms have made it easier for customers to browse and purchase tickets. This has also led to the rise of digital ticketing, eliminating the need for physical tickets and reducing the risk of fraud. Furthermore, the use of data analytics and personalized marketing has allowed event organizers to target specific customer segments and offer tailored experiences. Local special circumstances in Central & Western Europe are also contributing to the growth of the Event Tickets market. The region is known for its rich cultural heritage and vibrant arts scene, attracting tourists and locals alike. Major cities such as London, Paris, Berlin, and Amsterdam host a wide range of events throughout the year, drawing large crowds and creating a thriving market for event tickets. Additionally, Central & Western Europe is home to several world-renowned sports teams and venues, further driving demand for tickets. Underlying macroeconomic factors are also playing a role in the development of the Event Tickets market in Central & Western Europe. The region has experienced steady economic growth in recent years, leading to increased disposable income and consumer spending. This has allowed individuals to allocate a larger portion of their budget towards entertainment and leisure activities, including the purchase of event tickets. Additionally, the growth of the tourism industry in Central & Western Europe has also contributed to the demand for event tickets, as visitors seek out unique experiences during their travels. In conclusion, the Event Tickets market in Central & Western Europe is experiencing growth and development due to shifting customer preferences, technological advancements, local special circumstances, and underlying macroeconomic factors. With an increasing demand for immersive experiences, the use of technology to enhance the ticketing process, a vibrant cultural scene, and a growing economy, the market is poised for continued expansion in the coming years.

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.