Market Insights Digital eServices Event Tickets

Sport Events - Egypt

Egypt

Revenue in the Sport Events market is projected to reach US$22.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -3.13%, resulting in a projected market volume of US$20.08m by 2028.
In the Sport Events market, the number of users is expected to amount to 1.7m users by 2028.
User penetration will be 1.5% in 2024 and is expected to hit 1.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$14.21.
In global comparison, most revenue will be generated in the United States (US$16,430.00m in 2024).
With a projected rate of 17.1%, the user penetration in the Sport Events market is highest in Luxembourg.

Key regions: India, Brazil, Germany, South Korea, China

Market

Region

Region comparison

Currency

Analyst Opinion

The Sport Events market in Egypt is experiencing significant growth and development in recent years.

Customer preferences: Egyptians have always had a strong passion for sports, with football being the most popular sport in the country. This has led to a high demand for sport events, especially football matches, which attract large crowds of enthusiastic fans. In addition to football, there is also growing interest in other sports such as basketball, tennis, and volleyball. As a result, there is a diverse range of sport events catering to different interests and preferences.

Trends in the market: One of the key trends in the Sport Events market in Egypt is the increasing number of international sporting events being hosted in the country. Egypt has successfully hosted major tournaments such as the Africa Cup of Nations and the World Squash Championships, attracting participants and spectators from around the world. This trend not only boosts tourism and the economy but also promotes Egypt as a global sporting destination. Another trend in the market is the rise of sports tourism in Egypt. The country's rich history and cultural heritage, combined with its sporting events, make it an attractive destination for sports enthusiasts. Many tourists now visit Egypt specifically to attend sport events and explore the country's ancient sites and landmarks. This has created a new market segment and opportunities for event organizers and tourism operators.

Local special circumstances: Egypt's strategic location in North Africa, with its well-developed infrastructure and transportation network, makes it an ideal host for international sport events. The country has modern stadiums and sports facilities that meet international standards, providing a comfortable and enjoyable experience for both athletes and spectators. Additionally, the government has been actively promoting sports and investing in the development of sports infrastructure, further enhancing the country's capabilities to host major sporting events.

Underlying macroeconomic factors: The growth of the Sport Events market in Egypt can be attributed to several underlying macroeconomic factors. Firstly, the country's population is young and increasingly urbanized, with a growing middle class that has more disposable income to spend on leisure activities, including attending sport events. Secondly, the government's focus on promoting tourism and attracting foreign investment has led to increased international exposure and interest in Egypt as a destination for sport events. Lastly, the country's stable political environment and security measures have instilled confidence in both local and international stakeholders, encouraging them to invest in and participate in the Sport Events market. In conclusion, the Sport Events market in Egypt is witnessing significant growth and development, driven by customer preferences for sports, the hosting of international events, the rise of sports tourism, local special circumstances such as infrastructure and government support, and underlying macroeconomic factors. This presents opportunities for both domestic and international event organizers, as well as tourism operators, to capitalize on the growing demand for sport events in Egypt.

Methodology

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.