Market Insights Digital eServices Event Tickets

Sport Events - Belarus

Belarus

Revenue in the Sport Events market is projected to reach US$3.35m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.88%, resulting in a projected market volume of US$4.21m by 2028.
In the Sport Events market, the number of users is expected to amount to 126.1k users by 2028.
User penetration will be 1.9% in 2024 and is expected to hit 1.9% by 2028.
The average revenue per user (ARPU) is expected to amount to US$32.68.
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 Belarus is experiencing significant growth and development in recent years.

Customer preferences: Customers in Belarus have shown a strong interest in attending and participating in sport events. They value the opportunity to witness high-level competitions and support their favorite teams and athletes. The demand for sport events is driven by the desire for entertainment, social interaction, and the sense of community that comes with being part of a sporting event.

Trends in the market: One of the key trends in the sport events market in Belarus is the increasing number of international tournaments and competitions being hosted in the country. This trend is fueled by the government's efforts to promote Belarus as a sports destination and attract foreign visitors. The country has invested in state-of-the-art sports facilities and infrastructure, making it an attractive venue for hosting major sporting events. The hosting of international tournaments not only brings economic benefits to the country but also raises the profile of Belarus in the global sports community. Another trend in the market is the growing popularity of niche and alternative sports. While traditional sports like football and basketball continue to draw large crowds, there is a rising interest in sports such as cycling, martial arts, and extreme sports. This trend is driven by the desire for new and unique experiences, as well as the influence of global sporting trends.

Local special circumstances: Belarus has a strong sporting culture and a history of producing successful athletes in various sports. This has created a strong fan base and a supportive environment for sport events. The government has also been actively promoting sports and physical activity as part of a healthy lifestyle, which further contributes to the demand for sport events.

Underlying macroeconomic factors: The growing sport events market in Belarus can be attributed to several macroeconomic factors. The country has experienced stable economic growth in recent years, which has increased disposable income and consumer spending. This allows more people to afford tickets to sport events and participate in related activities. Additionally, the government's investment in sports infrastructure and facilities has created job opportunities and stimulated economic growth in the sector. In conclusion, the Sport Events market in Belarus is developing rapidly due to customer preferences for entertainment, social interaction, and community engagement. The market is characterized by the increasing number of international tournaments and the growing popularity of niche and alternative sports. The strong sporting culture, government support, and stable macroeconomic factors contribute to the growth and success of the sport events market in Belarus.

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.