Event Tickets - Moldova

Moldova

Highlights

Revenue in the Event Tickets market is projected to reach US$3.83m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.81%, resulting in a projected market volume of US$3.70m by 2028.
The Music Events market has a projected market volume of US$1.68m 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$22.95 in 2024.
In the Event Tickets market, the number of users is expected to amount to 173.8k users by 2028.
User penetration in the Event Tickets market will be at 4.2% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Moldova has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Moldova, there is a growing demand for live events and entertainment, including concerts, sports matches, and cultural performances. People are increasingly seeking unique experiences and opportunities for social interaction, which has fueled the demand for event tickets. Additionally, the younger population, who are more inclined towards attending events, contributes to the overall growth of the market.

Trends in the market: One of the key trends in the Event Tickets market in Moldova is the increasing popularity of international artists and performers. Moldova has become a desirable destination for renowned musicians, bands, and entertainment acts, attracting a large number of fans from both within the country and from neighboring regions. This trend has significantly contributed to the growth of the market, as people are willing to purchase tickets to attend these high-profile events. Another trend in the market is the rise of online ticket sales platforms. With the advancement of technology and the increasing internet penetration in Moldova, consumers are increasingly opting to purchase event tickets online. This shift towards online ticket sales has not only made it more convenient for customers to purchase tickets but has also opened up new opportunities for event organizers to reach a wider audience and promote their events effectively.

Local special circumstances: Moldova's geographical location, situated between Romania and Ukraine, has played a significant role in shaping the Event Tickets market. The country's proximity to these two larger markets has allowed Moldova to attract international artists and performers, who often include Moldova in their tour schedules. This has created a unique opportunity for local residents to attend world-class events without having to travel long distances. Additionally, the affordability of event tickets in Moldova compared to other countries in the region has also contributed to the growth of the market. The relatively lower ticket prices make it more accessible for a larger portion of the population to attend events, increasing the overall demand for tickets.

Underlying macroeconomic factors: The overall economic development and stability in Moldova have had a positive impact on the Event Tickets market. As the country's economy continues to grow, disposable incomes have increased, allowing more people to allocate a portion of their budget towards entertainment and leisure activities. This has translated into higher ticket sales for various events, contributing to the growth of the market. Furthermore, the government's efforts to promote tourism and cultural activities have also played a role in the development of the Event Tickets market. By organizing festivals, concerts, and other cultural events, the government has created a vibrant entertainment scene in Moldova, attracting both domestic and international visitors. This has further boosted the demand for event tickets and stimulated the growth of the market. In conclusion, the Event Tickets market in Moldova is experiencing steady growth due to customer preferences for live events, the popularity of international artists, the rise of online ticket sales platforms, the country's special circumstances, and the underlying macroeconomic factors. As the market continues to evolve, it is expected to further expand, providing more opportunities for event organizers and entertainment enthusiasts alike.

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.