Event Tickets - Qatar

Qatar

Highlights

Revenue in the Event Tickets market is projected to reach US$111.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.35%, resulting in a projected market volume of US$143.20m by 2028.
The Music Events market has a projected market volume of US$56.07m 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$162.20 in 2024.
In the Event Tickets market, the number of users is expected to amount to 769.4k users by 2028.
User penetration in the Event Tickets market will be at 22.4% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Qatar has been experiencing significant growth in recent years, driven by customer preferences for live entertainment and cultural events. Qatar, known for its vibrant arts and entertainment scene, has seen a surge in demand for event tickets across various categories, including sports, music concerts, theater performances, and festivals.

Customer preferences: Customers in Qatar have shown a strong inclination towards attending live events and experiencing the thrill of being part of a large audience. This preference can be attributed to the desire for social interaction and the opportunity to engage with like-minded individuals. Additionally, the younger population in Qatar has a growing interest in international sports events and music concerts, further contributing to the demand for event tickets.

Trends in the market: One of the key trends in the Event Tickets market in Qatar is the increasing popularity of international sports events. Qatar has been hosting major sporting events such as the FIFA World Cup and the Qatar MotoGP, attracting a global audience. This has led to a surge in ticket sales, with fans from all over the world eager to witness these prestigious events firsthand. Another trend in the market is the rise of music concerts and festivals. Qatar has been attracting renowned international artists and hosting music festivals that cater to a wide range of musical genres. This has not only boosted the demand for event tickets but has also positioned Qatar as a destination for music enthusiasts.

Local special circumstances: Qatar's strategic location in the Middle East has made it a hub for international events. The country's state-of-the-art infrastructure, including world-class stadiums and concert venues, has further enhanced its appeal as a host for major events. Additionally, Qatar's efforts to promote tourism and cultural exchange have played a significant role in attracting both local and international audiences to its events.

Underlying macroeconomic factors: The growth of the Event Tickets market in Qatar can also be attributed to the country's strong economy and high disposable income. Qatar has one of the highest per capita incomes in the world, which allows its residents to indulge in leisure activities such as attending live events. Furthermore, the government's investment in infrastructure development and event promotion has created a favorable environment for the growth of the event ticketing industry. In conclusion, the Event Tickets market in Qatar is experiencing significant growth due to customer preferences for live entertainment, the rise of international sports events and music concerts, Qatar's special circumstances as a host for major events, and the country's strong economy. With ongoing investments in infrastructure and event promotion, the market is expected to continue its upward trajectory 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.