Sport Events - CIS | Statista Market Forecast

Revenue in the Sport Events market is projected to reach US$572.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.74%, resulting in a projected market volume of US$743.50m by 2028.
In the Sport Events market, the number of users is expected to amount to 8.1m users by 2028.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
The average revenue per user (ARPU) is expected to amount to US$84.15.
In global comparison, most revenue will be generated United States (US$16.43bn in 2024).
With a projected rate of 0.0, the user penetration in the Sport Events market is highest 0.0.

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 CIS is experiencing significant growth and development in recent years.

Customer preferences: Customers in the CIS region have shown a strong interest in attending and participating in sports events. The popularity of various sports, such as football, ice hockey, and tennis, has contributed to the increasing demand for sport events. Additionally, customers in the CIS region are known for their passion and enthusiasm for sports, making them eager to attend live events and support their favorite teams and athletes.

Trends in the market: One of the key trends in the Sport Events market in CIS is the increasing number of international sporting events being hosted in the region. Countries in the CIS region have been actively bidding for and hosting major sports events, such as the FIFA World Cup and the Olympic Games. This trend has not only boosted the tourism industry but has also attracted international attention and investment to the region. Another trend in the market is the growing popularity of sports tourism. Customers from the CIS region are increasingly traveling to other countries to attend major sporting events. This trend is driven by the desire to experience different cultures, support their favorite teams or athletes, and witness historic sporting moments.

Local special circumstances: The CIS region has a rich sporting heritage and a strong tradition of excellence in certain sports. This has created a strong fan base and a sense of national pride, which further fuels the demand for sport events. Additionally, the region's geographical location, with its proximity to Europe and Asia, makes it an ideal destination for hosting international sporting events and attracting participants and spectators from both regions.

Underlying macroeconomic factors: The growing Sport Events market in CIS can be attributed to several underlying macroeconomic factors. Firstly, the increasing disposable income of customers in the region has allowed them to spend more on leisure activities, including attending sport events. Secondly, the governments in the CIS region have recognized the economic benefits of hosting major sporting events and have invested in the necessary infrastructure and facilities. This has further stimulated the growth of the market. In conclusion, the Sport Events market in CIS is witnessing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The region's passion for sports, the hosting of international events, the popularity of sports tourism, and the economic investments being made are all contributing to the positive trajectory 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.

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.