Sport Events - Qatar

Qatar

Highlights

Revenue in the Sport Events market is projected to reach US$34.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.60%, resulting in a projected market volume of US$41.56m by 2028.
In the Sport Events market, the number of users is expected to amount to 291.4k users by 2028.
User penetration will be 9.0% in 2024 and is expected to hit 9.1% by 2028.
The average revenue per user (ARPU) is expected to amount to US$126.80.
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.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Sport Events market in Qatar has been experiencing significant growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Qatar, there is a strong demand for sport events among both locals and tourists. Qatar has been actively promoting itself as a sports destination, hosting major international events such as the FIFA World Cup and the IAAF World Athletics Championships. These events have attracted a large number of spectators from around the world, contributing to the growth of the sport events market in the country. Additionally, Qatar's population has a high level of disposable income, which allows them to spend on leisure activities such as attending sport events.

Trends in the market: One of the key trends in the sport events market in Qatar is the increasing popularity of sports such as football, tennis, and golf. Qatar has been investing heavily in developing world-class sports infrastructure, including stadiums, training facilities, and golf courses, to attract international events and promote sports tourism. This has led to a rise in the number of sport events being held in the country, as well as an increase in the participation of local athletes in international competitions. Another trend in the market is the growing interest in sports among women in Qatar. In recent years, there has been a significant increase in the number of women participating in sports and attending sport events. This trend is driven by various factors, including government initiatives to promote gender equality in sports, the rise of female athletes as role models, and the increasing availability of sports facilities and programs for women.

Local special circumstances: Qatar's strategic location in the Middle East has also contributed to the growth of the sport events market. The country serves as a gateway between Europe, Asia, and Africa, making it easily accessible for international travelers. This has attracted major sports organizations and event organizers to choose Qatar as a host for their events, further boosting the sport events market in the country.

Underlying macroeconomic factors: The growth of the sport events market in Qatar is supported by strong macroeconomic factors. Qatar has a high GDP per capita, which indicates a high level of economic development and purchasing power. This allows individuals to spend on leisure activities, including attending sport events. Additionally, the government of Qatar has been actively promoting sports and investing in sports infrastructure as part of its long-term development plans. This commitment to sports development has created a favorable environment for the growth of the sport events market in the country. In conclusion, the Sport Events market in Qatar has been growing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The country's promotion of sports tourism, increasing interest in sports among women, strategic location, and strong macroeconomic indicators have all contributed to the expansion of the market. With the upcoming FIFA World Cup and continued investment in sports infrastructure, the sport events market in Qatar is expected to further thrive 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.