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Sport Events - Zimbabwe

Zimbabwe

Revenue in the Sport Events market is projected to reach US$42.36k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 11.61%, resulting in a projected market volume of US$65.74k by 2028.
In the Sport Events market, the number of users is expected to amount to 219.9k users by 2028.
User penetration will be 1.3% in 2024 and is expected to hit 1.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$0.21.
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 Zimbabwe is experiencing significant growth and development.

Customer preferences: Customers in Zimbabwe have shown a strong interest in sport events, with a particular focus on football and cricket. Football is the most popular sport in the country, with a large and passionate fan base. Cricket also has a dedicated following, with matches attracting a significant number of spectators. In addition to these traditional sports, there is also a growing interest in other sports such as rugby, tennis, and athletics.

Trends in the market: One of the key trends in the Sport Events market in Zimbabwe is the increasing number of international tournaments and matches being hosted in the country. This has been driven by the improved infrastructure and facilities, as well as the growing reputation of Zimbabwe as a sporting destination. The country has successfully hosted several high-profile events, which has helped to raise its profile and attract more international teams and athletes. Another trend in the market is the increasing popularity of women's sport events. There has been a significant growth in the participation and interest in women's sports in Zimbabwe, and this is reflected in the number of events being organized and attended. Women's football and cricket matches, in particular, have seen a surge in popularity, with more spectators and media coverage.

Local special circumstances: One of the unique factors influencing the Sport Events market in Zimbabwe is the strong sense of national pride and unity that is associated with sporting events. Sport has long been seen as a unifying force in the country, and events such as football matches and cricket tournaments bring people from different backgrounds and communities together. This sense of unity and pride is often reflected in the passionate support and enthusiasm of the spectators.

Underlying macroeconomic factors: The growth and development of the Sport Events market in Zimbabwe can be attributed to several underlying macroeconomic factors. Firstly, the improving economic conditions in the country have led to increased disposable income and consumer spending. This has enabled more people to attend sporting events and participate in related activities. Secondly, the government has recognized the potential economic benefits of hosting sport events and has invested in the necessary infrastructure and facilities. This has not only attracted international teams and athletes but has also created employment opportunities and stimulated the local economy. In conclusion, the Sport Events market in Zimbabwe is experiencing significant growth and development, driven by customer preferences for football and cricket, the increasing number of international tournaments and matches, the growing popularity of women's sport events, the strong sense of national pride and unity associated with sporting events, and the improving economic conditions and government investment in the sector.

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.