Event Tickets - Russia

Russia

Highlights

Revenue in the Event Tickets market is projected to reach US$1.49bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.50%, resulting in a projected market volume of US$1.84bn by 2028.
The Sport Events market has a projected market volume of US$528.80m 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$71.62 in 2024.
In the Event Tickets market, the number of users is expected to amount to 23.0m users by 2028.
User penetration in the Event Tickets market will be at 14.3% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Russia 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 trend. Customer preferences in Russia are driving the growth of the Event Tickets market. Russians have a strong interest in cultural events such as concerts, theater performances, and sporting events. They value the opportunity to experience live entertainment and are willing to spend their disposable income on tickets. Additionally, Russians have a strong sense of community and enjoy attending events with friends and family, further contributing to the demand for event tickets. Trends in the market are also playing a role in the growth of the Event Tickets market in Russia. The rise of online ticket platforms has made it easier for Russians to purchase tickets to events. These platforms offer a wide range of events and provide a convenient and secure way to purchase tickets. Furthermore, the increasing popularity of international artists and performers coming to Russia has also contributed to the growth of the market. Russians are eager to see their favorite international artists live and are willing to purchase tickets to these events. Local special circumstances in Russia are also impacting the development of the Event Tickets market. The country has a rich cultural heritage and a long history of hosting major events. This has created a strong demand for event tickets among both locals and tourists. Additionally, Russia has a large population and a growing middle class, which has increased the purchasing power of consumers and their ability to spend on entertainment. Underlying macroeconomic factors are also driving the growth of the Event Tickets market in Russia. The country has experienced a period of economic stability and growth, which has increased consumer confidence and disposable income. This has allowed Russians to spend more on leisure activities, including purchasing event tickets. Furthermore, the government has recognized the importance of the entertainment industry and has invested in infrastructure and venues to support the growth of the market. In conclusion, the Event Tickets market in Russia is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Russians' love for live entertainment, the rise of online ticket platforms, the popularity of international artists, the country's rich cultural heritage, and economic stability are all contributing to the growth of the 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.