Sport Events - Turkmenistan | Statista Market Forecast

Revenue in the Sport Events market is projected to reach US$1.05m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.46%, resulting in a projected market volume of US$1.07m by 2028.
In the Sport Events market, the number of users is expected to amount to 71.5k users by 2028.
User penetration will be 1.1% in 2024 and is expected to hit 1.1% by 2028.
The average revenue per user (ARPU) is expected to amount to US$15.43.
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 Turkmenistan is experiencing significant growth and development in recent years.

Customer preferences: Turkmenistan, a country located in Central Asia, has a strong passion for sports, with a particular interest in traditional sports such as horse racing, wrestling, and martial arts. The population is highly engaged in sports activities, and there is a growing demand for spectating and participating in various sport events. Additionally, there is a preference for international sporting events, which attract a large number of spectators and participants.

Trends in the market: One of the key trends in the Sport Events market in Turkmenistan is the increasing number of international sporting events being hosted in the country. This trend can be attributed to the government's efforts to promote Turkmenistan as a sports tourism destination and to showcase the country's sporting infrastructure. The hosting of international sporting events not only boosts tourism but also enhances the country's reputation on the global stage. Another trend in the market is the growing popularity of extreme sports and adventure sports. Turkmenistan's diverse landscape, which includes mountains, deserts, and lakes, provides ample opportunities for activities such as rock climbing, hiking, and water sports. The younger population, in particular, is showing a keen interest in these sports, leading to the emergence of specialized events catering to these preferences.

Local special circumstances: Turkmenistan has a strong emphasis on physical fitness and sports as part of its national identity. The government has invested heavily in sports infrastructure, including stadiums, training facilities, and sports complexes, to promote and support sporting activities. This commitment to sports development has created a conducive environment for the growth of the Sport Events market in Turkmenistan.

Underlying macroeconomic factors: Turkmenistan's growing economy and increasing disposable income levels have also contributed to the development of the Sport Events market. As people have more disposable income, they are willing to spend on leisure activities, including attending sport events. Furthermore, the government's focus on promoting sports tourism has attracted international visitors, boosting the overall demand for sport events in the country. In conclusion, the Sport Events market in Turkmenistan is experiencing significant growth and development due to customer preferences for traditional and international sports events, the hosting of international sporting events, the popularity of extreme and adventure sports, the government's commitment to sports development, and the country's growing economy. These factors are driving the demand for sport events and creating opportunities for the market to expand further in the future.

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.