Event Tickets - Mozambique

Mozambique

Highlights

Revenue in the Event Tickets market is projected to reach US$1.86m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.07%, resulting in a projected market volume of US$1.86m by 2028.
The Music Events market has a projected market volume of US$779.70k 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$5.43 in 2024.
In the Event Tickets market, the number of users is expected to amount to 404.9k users by 2028.
User penetration in the Event Tickets market will be at 1.0% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Mozambique 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 trajectory. Customer preferences in the Event Tickets market in Mozambique are evolving. As the country continues to develop and urbanize, there is a growing demand for entertainment and cultural events. Mozambican consumers are increasingly seeking out opportunities to attend concerts, sports games, theater performances, and other live events. This shift in preferences is driven by a desire for unique experiences and the opportunity to connect with others in a social setting. Trends in the market reflect this changing landscape. Event organizers and promoters are responding to the growing demand by bringing a wider variety of events to Mozambique. International artists and performers are now including Mozambique in their tour schedules, attracting a diverse range of audiences. Additionally, local talent is being showcased more prominently, allowing Mozambican artists and performers to gain exposure and recognition. The rise of digital platforms and online ticketing services has also made it easier for consumers to access and purchase event tickets. Local special circumstances in Mozambique further contribute to the development of the Event Tickets market. The country's vibrant cultural scene and rich artistic heritage make it an attractive destination for both local and international events. Mozambique's favorable climate and natural beauty also make it an ideal location for outdoor concerts and festivals. Furthermore, the government has recognized the potential economic benefits of the event industry and has implemented policies to support its growth. This includes investing in infrastructure and promoting Mozambique as a destination for tourism and entertainment. Underlying macroeconomic factors play a role in the development of the Event Tickets market in Mozambique. The country's improving economic conditions, including rising disposable incomes and a growing middle class, have resulted in increased consumer spending on leisure and entertainment. Additionally, Mozambique's young and dynamic population is driving the demand for event tickets, as they are more likely to attend live events and engage in social activities. In conclusion, the Event Tickets market in Mozambique is experiencing growth and development due to evolving customer preferences, emerging market trends, local special circumstances, and favorable macroeconomic factors. The increasing demand for unique experiences and the opportunity to connect with others in a social setting is driving the growth of the market. Event organizers and promoters are responding to this demand by bringing a wider variety of events to Mozambique, both from international and local talent. The country's vibrant cultural scene, favorable climate, and government support further contribute to the development of the market. Overall, the positive trajectory of the Event Tickets market in Mozambique is expected to continue 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.