Event Tickets - Morocco

Morocco

Highlights

Revenue in the Event Tickets market is projected to reach US$94.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.83%, resulting in a projected market volume of US$105.80m by 2028.
The Sport Events market has a projected market volume of US$40.99m 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$36.17 in 2024.
In the Event Tickets market, the number of users is expected to amount to 2.7m users by 2028.
User penetration in the Event Tickets market will be at 6.8% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Morocco has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Moroccan consumers are increasingly seeking unique and memorable experiences, and attending events has become a popular way to fulfill this desire. From music concerts and sporting events to theater performances and festivals, there is a growing demand for a wide range of event tickets. This trend is fueled by the desire to socialize, network, and be part of a community. Additionally, the convenience of online ticket platforms has made it easier for consumers to purchase tickets and plan their attendance in advance.

Trends in the market: One of the key trends in the Event Tickets market in Morocco is the rise of digital ticketing platforms. These platforms offer a convenient and secure way for consumers to purchase tickets, eliminating the need for physical tickets and long queues. The increasing penetration of smartphones and internet access has further accelerated the adoption of digital ticketing platforms, as consumers can easily browse and purchase tickets on the go. This trend has also allowed event organizers to reach a wider audience and promote their events more effectively. Another trend in the market is the growing popularity of international events in Morocco. The country has become a preferred destination for international artists, musicians, and sports teams, attracting a large number of tourists and locals alike. This has led to a surge in demand for event tickets, as people are eager to attend these high-profile events. The government has also been actively promoting Morocco as a destination for international events, investing in infrastructure and providing support to event organizers.

Local special circumstances: Morocco has a rich cultural heritage and a vibrant arts scene, which has contributed to the growth of the Event Tickets market. The country hosts numerous cultural festivals and events throughout the year, attracting both domestic and international attendees. Additionally, Morocco has a strong tradition of sports, with football being the most popular sport in the country. Major football matches and tournaments draw large crowds, further driving the demand for event tickets.

Underlying macroeconomic factors: The growth of the Event Tickets market in Morocco is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth, which has resulted in an increase in disposable income and consumer spending. As a result, more people are willing to spend on leisure activities, including attending events. Furthermore, the government's focus on tourism and the development of the entertainment industry has created a favorable environment for the Event Tickets market to thrive. In conclusion, the Event Tickets market in Morocco is witnessing significant growth due to changing customer preferences, the rise of digital ticketing platforms, the popularity of international events, the country's rich cultural scene, and favorable macroeconomic factors. As the market continues to evolve, it is expected to offer more diverse and exciting event experiences to consumers in Morocco.

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.