Music Events - United Arab Emirates

United Arab Emirates

Highlights

Revenue in the Music Events market is projected to reach US$140.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.14%, resulting in a projected market volume of US$146.90m by 2028.
In the Music Events market, the number of users is expected to amount to 1.3m users by 2028.
User penetration will be 13.3% in 2024 and is expected to hit 13.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$109.90.
In global comparison, most revenue will be generated United States (US$16.98bn in 2024).
With a projected rate of 25.8%, the user penetration in the Music Events market is highest Denmark.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Music Events market in United Arab Emirates has been experiencing significant growth in recent years. Customer preferences, local special circumstances, and underlying macroeconomic factors have all contributed to the development of this market. Customer preferences in the United Arab Emirates have played a major role in driving the growth of the Music Events market. The population in the country has a strong interest in music and entertainment, with a particular focus on international acts. This has led to a growing demand for music events featuring popular artists from around the world. Additionally, there is a preference for a diverse range of music genres, including pop, rock, hip-hop, and electronic music. This has created opportunities for a wide variety of music events catering to different tastes and preferences. Trends in the market have also contributed to its development. One notable trend is the increasing number of music festivals in the United Arab Emirates. These festivals attract both local and international audiences and feature a lineup of popular artists and bands. The rise of social media and online ticketing platforms has also made it easier for people to discover and purchase tickets for music events. This has increased accessibility and convenience, further driving the demand for music events in the country. Local special circumstances have also had an impact on the Music Events market in the United Arab Emirates. The country has a vibrant and cosmopolitan culture, with a large expatriate population. This diversity has contributed to the popularity of music events, as people from different backgrounds and nationalities come together to enjoy live music. Additionally, the government has been actively promoting the country as a hub for arts and culture, which has attracted international artists and music events to the United Arab Emirates. Underlying macroeconomic factors have also played a role in the development of the Music Events market in the United Arab Emirates. The country has a strong economy and high disposable income levels, which has allowed people to spend more on entertainment and leisure activities. Furthermore, the United Arab Emirates has invested heavily in its infrastructure, including state-of-the-art concert venues and event spaces. This has made it an attractive destination for music events and has helped to create a favorable environment for the growth of the market. In conclusion, the Music Events market in the United Arab Emirates has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The strong interest in music and entertainment, the rise of music festivals, the diverse cultural landscape, and the country's strong economy have all contributed to the development of this 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.