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Sport Events - Uzbekistan

Uzbekistan

Revenue in the Sport Events market is projected to reach US$1.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -5.02%, resulting in a projected market volume of US$1.40m by 2028.
In the Sport Events market, the number of users is expected to amount to 270.0k users by 2028.
User penetration will be 0.7% in 2024 and is expected to hit 0.7% by 2028.
The average revenue per user (ARPU) is expected to amount to US$6.66.
In global comparison, most revenue will be generated in the United States (US$16,430.00m in 2024).
With a projected rate of 17.1%, the user penetration in the Sport Events market is highest in Luxembourg.

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

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Analyst Opinion

The Sport Events market in Uzbekistan 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 Uzbekistan have been shifting towards a more active and healthy lifestyle, leading to an increased interest in participating in and attending sport events. This is in line with global trends, as people around the world are becoming more aware of the importance of physical activity and its impact on overall well-being. As a result, there is a growing demand for sport events in Uzbekistan, both from participants and spectators. Trends in the market are also contributing to the development of the Sport Events market in Uzbekistan. One key trend is the increasing popularity of team sports, such as football and basketball. These sports have a strong following in Uzbekistan, with local teams attracting large crowds and generating significant revenue. Additionally, there is a growing interest in niche sports, such as martial arts and extreme sports, which are gaining popularity among younger generations. Local special circumstances in Uzbekistan are also playing a role in the development of the Sport Events market. The government has been actively promoting sports and physical activity as part of its efforts to improve public health and well-being. This has led to increased investment in sports infrastructure, including the construction of new stadiums and sports facilities. Furthermore, the government has been hosting international sport events, such as the Asian Games, which has helped raise the profile of Uzbekistan as a sport destination. Underlying macroeconomic factors are also contributing to the growth of the Sport Events market in Uzbekistan. The country has experienced steady economic growth in recent years, which has resulted in higher disposable incomes and increased consumer spending. This has allowed more people to afford to participate in and attend sport events. Additionally, the government has been actively promoting tourism, which has attracted international visitors to Uzbekistan and increased the demand for sport events. In conclusion, the Sport Events market in Uzbekistan is developing due to customer preferences for a more active lifestyle, trends in the market such as the popularity of team sports and niche sports, local special circumstances such as government support for sports and the hosting of international events, and underlying macroeconomic factors such as economic growth and increased tourism. These factors are expected to continue driving the growth of the Sport Events market in Uzbekistan in the coming years.

Methodology

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.