Sport Events - Ecuador | Statista Market Forecast

Revenue in the Sport Events market is projected to reach US$19.51m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.76%, resulting in a projected market volume of US$21.75m by 2028.
In the Sport Events market, the number of users is expected to amount to 474.5k users by 2028.
User penetration will be 2.5% in 2024 and is expected to hit 2.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$43.25.
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 Ecuador 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 Ecuador are shifting towards more active and healthy lifestyles. People are increasingly interested in participating in and attending sports events as a way to stay fit and engage with their communities. This growing demand for sport events is driving the expansion of the market in Ecuador. Trends in the market are also playing a role in the development of the Sport Events market in Ecuador. The rise of social media and online platforms has made it easier for event organizers to promote and sell tickets for sport events. This has led to increased accessibility and awareness of sport events, attracting more participants and spectators. Additionally, the growing popularity of international sports such as soccer and basketball has also contributed to the growth of the market, as Ecuadorians are eager to watch and support their favorite teams and athletes. Local special circumstances in Ecuador are further fueling the growth of the Sport Events market. The country has a rich sporting culture and a strong tradition of hosting and participating in various sports events. This has created a supportive environment for the development of the market, with infrastructure and facilities already in place to accommodate large-scale events. Furthermore, the government of Ecuador has been actively promoting sports tourism, attracting international events and visitors to the country. This has not only boosted the local economy but also stimulated the growth of the Sport Events market. Underlying macroeconomic factors are also contributing to the positive development of the Sport Events market in Ecuador. The country has experienced steady economic growth in recent years, leading to increased disposable income and consumer spending. This has allowed more people to afford tickets to sport events and participate in recreational activities. Additionally, the government has been investing in the development of sports infrastructure, creating opportunities for both local and international events to take place in Ecuador. In conclusion, the Sport Events market in Ecuador is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As more people in Ecuador embrace active and healthy lifestyles, the demand for sport events continues to rise. With the support of social media, online platforms, and government initiatives, the market is expected to continue its positive 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.

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.