Event Tickets - Chile

Chile

Highlights

Revenue in the Event Tickets market is projected to reach US$191.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.72%, resulting in a projected market volume of US$213.40m by 2028.
The Sport Events market has a projected market volume of US$106.50m 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$66.66 in 2024.
In the Event Tickets market, the number of users is expected to amount to 3.0m users by 2028.
User penetration in the Event Tickets market will be at 14.9% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Chile has seen significant growth in recent years, driven by changing customer preferences and the local special circumstances.

Customer preferences: Chilean consumers have shown a growing interest in attending live events and experiences, leading to an increased demand for event tickets. This can be attributed to several factors, including a rising middle class with higher disposable incomes and a desire for unique entertainment options. Additionally, there has been a shift in consumer behavior towards valuing experiences over material possessions, leading to a greater willingness to spend on event tickets.

Trends in the market: One of the key trends in the Event Tickets market in Chile is the increasing popularity of music concerts and festivals. Chile has become a hub for international artists and bands, attracting a large number of music enthusiasts from both within the country and abroad. This trend has been fueled by the growing reputation of Chile as a vibrant and culturally rich destination, as well as the presence of world-class venues and infrastructure. Another trend in the market is the rise of sports events, particularly football matches. Football is a passion for many Chileans, and the local leagues and national team games draw large crowds. The popularity of football has led to a high demand for tickets, with fans eager to support their favorite teams and players.

Local special circumstances: Chile's geography and climate also play a role in the development of the Event Tickets market. The country's long coastline and diverse landscapes provide a unique backdrop for outdoor events, such as music festivals and sports tournaments. The pleasant weather conditions throughout much of the year make it conducive to hosting outdoor events, attracting both local and international participants. Additionally, the government's efforts to promote tourism and cultural exchange have contributed to the growth of the Event Tickets market. Chile has been actively hosting international events and festivals, which has not only boosted the local economy but also increased the demand for event tickets.

Underlying macroeconomic factors: The strong economic growth and stability in Chile have provided a favorable environment for the development of the Event Tickets market. The country has experienced steady GDP growth, low inflation, and a stable currency, which have increased consumer confidence and purchasing power. This has translated into higher spending on leisure activities, including the purchase of event tickets. Furthermore, the increasing connectivity and accessibility in Chile have made it easier for consumers to access and purchase event tickets. The widespread use of smartphones and the internet has facilitated online ticket sales, allowing consumers to conveniently browse and book tickets from the comfort of their homes. This has led to a more efficient and streamlined ticketing process, benefiting both consumers and event organizers. In conclusion, the Event Tickets market in Chile has experienced significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The increasing interest in live events, particularly music concerts and sports matches, has fueled the demand for event tickets. The country's unique geography, favorable climate, and government initiatives have also contributed to the growth of the market. Additionally, the strong economic growth and technological advancements have made it easier for consumers to access and purchase event tickets.

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.