Sport Events - Myanmar | Statista Market Forecast

Revenue in the Sport Events market is projected to reach US$13.95m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.58%, resulting in a projected market volume of US$14.28m by 2028.
In the Sport Events market, the number of users is expected to amount to 1.2m users by 2028.
User penetration will be 2.0% in 2024 and is expected to hit 2.1% by 2028.
The average revenue per user (ARPU) is expected to amount to US$12.32.
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 Myanmar is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this positive trend. Customer preferences in Myanmar have shifted towards a more active and healthy lifestyle, with a growing interest in sports and physical activities. This change in preferences has led to an increased demand for sport events and activities in the country. People are looking for opportunities to participate in and spectate sporting events, both at a local and international level. Trends in the market indicate that there has been an increase in the number and variety of sport events taking place in Myanmar. This includes both professional and amateur events, catering to different levels of interest and skill. The availability of various sports facilities and venues has also contributed to the growth of the sport events market in the country. Local special circumstances in Myanmar have played a role in the development of the sport events market. The government has recognized the potential of sports tourism and has been actively promoting and supporting the hosting of international sporting events in the country. This has attracted both local and international participants and spectators, boosting the overall growth of the market. Underlying macroeconomic factors have also contributed to the development of the sport events market in Myanmar. The country has experienced a period of economic growth and stability, which has led to an increase in disposable income and leisure spending. As a result, people have more resources to invest in sports and recreational activities, including attending sport events. In conclusion, the Sport Events market in Myanmar is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards a more active and healthy lifestyle, the increase in the number and variety of sport events, government support, and economic growth have all contributed to this positive trend.

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.