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