Sport Events - Papua New Guinea | Statista Market Forecast

Revenue in the Sport Events market is projected to reach US$817.80k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.22%, resulting in a projected market volume of US$928.40k by 2028.
In the Sport Events market, the number of users is expected to amount to 85.4k users by 2028.
User penetration will be 0.8% in 2024 and is expected to hit 0.8% by 2028.
The average revenue per user (ARPU) is expected to amount to US$10.43.
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 Papua New Guinea is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in Papua New Guinea are shifting towards a greater interest in sports and sporting events. As the country becomes more connected to the global sports community through media and technology, there is a growing demand for live sports experiences. People are increasingly willing to spend their time and money on attending and participating in sport events. One of the key trends in the market is the rise of local sports leagues and tournaments. Papua New Guinea has a rich sporting culture, with rugby league, soccer, and cricket being the most popular sports. Local teams and leagues are gaining popularity, attracting large crowds and generating significant revenue. This trend is driven by the passion and enthusiasm of the local population for sports, as well as the increasing professionalism and commercialization of sports in the country. Another trend in the market is the growing interest in international sports events. Papua New Guinea has successfully hosted several major international sporting events in recent years, including the Pacific Games and the FIFA U-20 Women's World Cup. These events not only attract participants and spectators from around the world but also generate significant economic benefits for the country. The success of these events has put Papua New Guinea on the map as a viable destination for international sports events. Local special circumstances, such as the country's geography and cultural diversity, also contribute to the development of the sport events market in Papua New Guinea. The country's diverse landscapes, including mountains, rainforests, and coastal areas, provide unique opportunities for outdoor sports and adventure tourism. Additionally, the cultural diversity of the population adds to the appeal of sports events, as different communities come together to support their favorite teams and athletes. Underlying macroeconomic factors, such as population growth and increasing disposable income, further support the development of the sport events market in Papua New Guinea. The country's population is growing, particularly in urban areas, creating a larger consumer base for sports events. Additionally, rising incomes allow people to allocate more of their budget towards leisure activities, including attending sports events. In conclusion, the Sport Events market in Papua New Guinea is developing rapidly due to shifting customer preferences, the rise of local and international sports events, local special circumstances, and underlying macroeconomic factors. As the market continues to grow, there are significant opportunities for businesses and investors to capitalize on the increasing demand for sports experiences in the country.

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.