Sport Events - Algeria | Statista Market Forecast

Revenue in the Sport Events market is projected to reach US$16.11m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.11%, resulting in a projected market volume of US$16.18m by 2028.
In the Sport Events market, the number of users is expected to amount to 940.3k users by 2028.
User penetration will be 1.9% in 2024 and is expected to hit 1.9% by 2028.
The average revenue per user (ARPU) is expected to amount to US$18.05.
In global comparison, most revenue will be generated United States (US$16.43bn in 2024).
With a projected rate of 17.1%, the user penetration in the Sport Events market is highest Luxembourg.

Definition:

The Sports Events market consists of the sale of tickets for professional sporting events that are purchased via the Internet. Football, basketball, baseball and other ball sports, plus motorsports including Formula 1 and NASCAR, as well as golf, tennis, and similar sports, are included. The market covers the sale of digital tickets with QR codes and the purchase of paper tickets that are bought online and posted to an address or are available at a physical collection point. Users refer to the active ticket buyers, independent of the number of tickets purchased in one booking.

Additional Information

Data includes revenue figures in Gross Merchandise Value (GMV), Users, average revenue per user (ARPU), and user penetration rate. User and revenue figures represent B2C services.

Online sale of tickets for professional sporting events such as football, basketball, baseball, motorsports etc.
Digital tickets with QR codes
Online purchased tickets that are posted to an address or printed at home
Online purchased paper tickets that are available at a physical collection point

Offline and telephone bookings / reservations
Tickets for non-sports related events
Event-related services such as catering etc.

The Sport Events market in Algeria is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trend. Customer preferences play a crucial role in the development of the Sport Events market in Algeria. Algerian consumers are increasingly seeking out opportunities to participate in and attend sporting events. This is driven by a growing interest in sports and fitness, as well as a desire for entertainment and social engagement. Algerians are particularly drawn to popular sports such as football, basketball, and athletics. They enjoy watching live matches and competitions, and also actively participate in amateur sports events. The demand for sport events is further fueled by the desire for national pride and the sense of community that comes with supporting local teams and athletes. In addition to customer preferences, several trends in the market are contributing to its development. One notable trend is the increasing number of international sport events being hosted in Algeria. This not only attracts local spectators but also draws tourists from around the world, boosting the economy and promoting the country as a sports destination. Furthermore, there is a growing emphasis on sports infrastructure development, with the construction of modern stadiums and sports facilities. This allows for larger and more prestigious sport events to be held in Algeria, further enhancing its reputation as a sports hub. Local special circumstances also contribute to the growth of the Sport Events market in Algeria. The government has recognized the economic and social benefits of sports and has been actively promoting and supporting the development of the sports industry. This includes providing funding for sports events, investing in sports infrastructure, and implementing policies to encourage sports participation. Additionally, the success of Algerian athletes on the international stage has generated significant interest and enthusiasm among the local population, further driving the demand for sport events. Underlying macroeconomic factors also play a role in the development of the Sport Events market in Algeria. The country's improving economic conditions have led to an increase in disposable income, allowing more Algerians to afford tickets to sporting events. Additionally, the government's focus on diversifying the economy has resulted in increased investment in the sports industry, further stimulating its growth. The positive economic outlook and stability in Algeria also attract international sports organizations and sponsors, who see the country as a lucrative market for their events and products. In conclusion, the Sport Events market in Algeria is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing interest in sports, the hosting of international events, the development of sports infrastructure, government support, and the improving economic conditions all contribute to the positive trend in this market. As a result, the Sport Events market in Algeria is expected to continue to thrive 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.

This report presents a comprehensive analysis and additional information on the Digital market, in a PDF format.

The coronavirus (COVID-19) pandemic that has swept across the globe in 2020 not only had a significant impact on public health, society, and the economy as a whole, it also wreaked havoc with the sporting calendar. In a bid to stem the spread of the virus, many professional and amateur leagues across all continents and sports took the unprecedented step to postpone or suspend their seasons on the advice of the CDC to avoid gatherings of large amounts of people.