Event Tickets - Romania

  • Romania
  • Revenue in the Event Tickets market is projected to reach US$77.88m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.31%, resulting in a projected market volume of US$85.33m by 2028.
  • The Sport Events market has a projected market volume of US$35.88m in 2024.
  • In global comparison, most revenue will be generated in the United States (US$36,260.00m in 2024).
  • The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$50.57 in 2024.
  • In the Event Tickets market, the number of users is expected to amount to 1.6m users by 2028.
  • User penetration in the Event Tickets market will be at 8.2% in 2024.

Key regions: Germany, India, China, Europe, Japan

 
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Analyst Opinion

The Event Tickets market in Romania has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Romania have shifted towards experiences and entertainment, leading to an increased demand for event tickets. With a growing middle class and rising disposable incomes, more people are seeking out opportunities to attend concerts, sporting events, and other live performances. The desire for unique and memorable experiences has driven the popularity of events such as music festivals and live theater productions. Trends in the market have also played a role in the growth of the Event Tickets industry in Romania. The increasing availability of online ticketing platforms has made it easier for consumers to purchase tickets for events. This convenience factor has led to a higher volume of ticket sales and a broader reach for event organizers. Additionally, the rise of social media and digital marketing has allowed event promoters to effectively target and engage with potential attendees, further driving ticket sales. Local special circumstances have further contributed to the development of the Event Tickets market in Romania. The country has a rich cultural heritage and a vibrant arts scene, with numerous festivals, concerts, and performances taking place throughout the year. This cultural landscape has created a strong demand for event tickets, attracting both local residents and tourists. Furthermore, Romania's strategic location in Eastern Europe has made it a popular destination for international artists and performers, further boosting the demand for event tickets. Underlying macroeconomic factors have also played a role in the growth of the Event Tickets market in Romania. The country has experienced steady economic growth in recent years, leading to an increase in consumer spending power. As people have more disposable income, they are more willing to spend on leisure activities, including attending events. Additionally, the tourism industry in Romania has been growing, attracting visitors from around the world who are interested in experiencing the country's unique cultural offerings. In conclusion, the Event Tickets market in Romania has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for unique experiences, the convenience of online ticketing platforms, the vibrant arts scene, and the country's economic growth have all contributed to the development of this market. As these factors continue to evolve, the Event Tickets industry in Romania is expected to continue its upward trajectory.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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