Music Events - Chad

  • Chad
  • Revenue in the Music Events market is projected to reach US$3.93m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 10.03%, resulting in a projected market volume of US$5.76m by 2028.
  • In the Music Events market, the number of users is expected to amount to 308.4k users by 2028.
  • User penetration will be 1.5% in 2024 and is expected to hit 1.6% by 2028.
  • The average revenue per user (ARPU) is expected to amount to US$15.32.
  • In global comparison, most revenue will be generated in the United States (US$16,980.00m in 2024).
  • With a projected rate of 25.8%, the user penetration in the Music Events market is highest in Denmark.

Key regions: India, Japan, Europe, China, Asia

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Music Events market in Chad has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences:
Chadian consumers have shown a growing interest in attending music events, seeking entertainment and cultural experiences. The younger population, in particular, is increasingly drawn to live music performances as a form of socializing and self-expression. This trend is in line with the global rise in demand for live music events, as people seek unique and memorable experiences.

Trends in the market:
One notable trend in the Music Events market in Chad is the increasing number of international artists and bands performing in the country. This can be attributed to Chad's improving security situation and growing reputation as a destination for cultural events. International artists are drawn to the opportunity to perform in a new market and connect with a diverse audience. This trend has not only expanded the range of music genres available to Chadian consumers but has also contributed to the overall growth of the market.

Local special circumstances:
Chad's unique cultural heritage and diverse ethnic groups have also played a role in the development of the Music Events market. Traditional Chadian music, with its rich rhythms and vibrant melodies, has gained popularity among both locals and tourists. This has led to an increase in the number of music events that showcase traditional Chadian music, providing a platform for local artists to showcase their talent and preserve their cultural heritage. Additionally, the government's support for the arts and cultural events has further fueled the growth of the Music Events market in Chad.

Underlying macroeconomic factors:
The improving economic conditions in Chad have also contributed to the growth of the Music Events market. As disposable incomes rise and the middle class expands, more people have the financial means to attend music events. This has created a larger consumer base for event organizers and artists, encouraging further investment in the market. Furthermore, the government's efforts to promote tourism and attract foreign visitors have had a positive impact on the Music Events market, as tourists often seek out cultural experiences, including attending music events. In conclusion, the Music Events market in Chad is experiencing significant growth due to changing customer preferences, the presence of international artists, the country's cultural heritage, and improving macroeconomic conditions. As the market continues to develop, it presents opportunities for both local and international artists, as well as event organizers, to capitalize on the growing demand for live music experiences in Chad.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)