Event Tickets - Northern Europe

  • Northern Europe
  • Revenue in the Event Tickets market is projected to reach US$2.30bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.70%, resulting in a projected market volume of US$2.46bn by 2028.
  • The Music Events market has a projected market volume of US$1.19bn in 2024.
  • In global comparison, most revenue will be generated in the United States (US$36,260.00m in 2024).
  • The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$238.40 in 2024.
  • In the Event Tickets market, the number of users is expected to amount to 9.8m users by 2028.
  • User penetration in the Event Tickets market will be at 28.8% in 2024.

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

 
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Analyst Opinion

The Event Tickets market in Northern Europe is experiencing significant growth and development, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Event Tickets market in Northern Europe are shifting towards more personalized and unique experiences. Customers are increasingly seeking out events that offer a high level of engagement and interaction, such as live performances, sports events, and cultural festivals. This preference for immersive experiences is driving the demand for event tickets in the region. Trends in the market indicate a growing demand for online ticket sales and mobile ticketing solutions. Customers in Northern Europe are increasingly turning to online platforms to purchase event tickets, as it offers convenience, ease of use, and a wider range of options. Mobile ticketing solutions, such as mobile apps and digital wallets, are also gaining popularity, allowing customers to easily access and manage their event tickets on their smartphones. Local special circumstances in Northern Europe are contributing to the growth of the Event Tickets market. The region has a vibrant and diverse cultural scene, with numerous festivals, concerts, and sporting events taking place throughout the year. This rich cultural landscape attracts both local residents and international tourists, creating a strong demand for event tickets. Additionally, Northern Europe has a high level of digital connectivity and tech-savvy population, which further fuels the adoption of online ticketing platforms and mobile ticketing solutions. Underlying macroeconomic factors also play a role in the development of the Event Tickets market in Northern Europe. The region has a stable economy, with high disposable incomes and a strong consumer spending culture. This enables customers to allocate a larger portion of their budget towards leisure activities, including attending events and purchasing event tickets. Furthermore, the growing tourism industry in Northern Europe is driving the demand for event tickets, as tourists seek to experience the local culture and entertainment scene. In conclusion, the Event Tickets market in Northern Europe is experiencing growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customers are increasingly seeking personalized and immersive experiences, leading to a demand for event tickets. Online ticket sales and mobile ticketing solutions are gaining popularity, driven by the region's digital connectivity and tech-savvy population. The vibrant cultural scene and strong economy in Northern Europe further contribute to the growth of the market.

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
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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