Event Tickets - Israel

Israel

Highlights

Revenue in the Event Tickets market is projected to reach US$164.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.64%, resulting in a projected market volume of US$176.00m by 2028.
The Sport Events market has a projected market volume of US$71.85m 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$115.20 in 2024.
In the Event Tickets market, the number of users is expected to amount to 1.4m users by 2028.
User penetration in the Event Tickets market will be at 15.6% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Israel is experiencing steady growth and development, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Event Tickets market in Israel have shifted towards more personalized and unique experiences. Customers are increasingly seeking out events that offer a one-of-a-kind experience, such as live performances by popular international artists, sports events featuring top teams, and cultural festivals showcasing local talent. This preference for unique experiences is driving demand for event tickets and encouraging event organizers to offer more diverse and innovative events to attract customers. Trends in the Event Tickets market in Israel are also contributing to its development. One notable trend is the growing popularity of online ticket sales. With the increasing penetration of internet and smartphones, customers are now able to browse and purchase event tickets conveniently from the comfort of their homes. This trend has not only made ticket purchasing more accessible for customers, but it has also allowed event organizers to reach a wider audience and sell tickets more efficiently. Another trend in the market is the rise of event ticket reselling platforms. These platforms provide a marketplace for customers to buy and sell tickets for sold-out events or events with limited availability. This trend has created a secondary market for event tickets, allowing customers to access tickets for popular events even after they have sold out. It has also provided an opportunity for ticket holders to sell their tickets at a higher price, benefiting both buyers and sellers. Local special circumstances in Israel have also contributed to the growth of the Event Tickets market. Israel is known for its vibrant cultural scene, with a wide range of events and festivals taking place throughout the year. The country's diverse population and rich history provide a unique backdrop for cultural, music, and sports events, attracting both local and international audiences. This cultural richness and diversity have created a strong demand for event tickets, driving the growth of the market. Underlying macroeconomic factors have also played a role in the development of the Event Tickets market in Israel. The country's strong economy and high disposable income levels have allowed consumers to spend more on leisure and entertainment activities, including attending events. Additionally, the government's support for the arts and cultural sector through funding and subsidies has further stimulated the growth of the market. In conclusion, the Event Tickets market in Israel is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards personalized experiences, the rise of online ticket sales and reselling platforms, the vibrant cultural scene, and the strong economy have all contributed to the expansion of the market.

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.