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Sport Events - Chile

Chile

Revenue in the Sport Events market is projected to reach US$106.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.75%, resulting in a projected market volume of US$118.70m by 2028.
In the Sport Events market, the number of users is expected to amount to 1.4m users by 2028.
User penetration will be 7.3% in 2024 and is expected to hit 7.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$75.59.
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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Currency

Analyst Opinion

The Sport Events market in Chile has been experiencing significant growth in recent years.

Customer preferences: Chilean consumers have shown a growing interest in sports events, with a particular focus on football, tennis, and basketball. Football is by far the most popular sport in Chile, with a large and passionate fan base. The success of the national football team in international competitions has further fueled interest in the sport. Tennis and basketball have also gained popularity, with an increasing number of fans attending matches and tournaments.

Trends in the market: One of the key trends in the Sport Events market in Chile is the increasing number of international events being held in the country. Chile has been successful in attracting major sporting events, such as the Copa America and the Davis Cup, which has helped to boost the profile of the country as a sports destination. The hosting of these events has not only attracted international visitors, but has also generated significant interest and participation from the local population. Another trend in the market is the growing emphasis on sports tourism. Chile has a diverse geography and offers a wide range of outdoor activities, making it an attractive destination for sports enthusiasts. The government has recognized the potential of sports tourism and has been actively promoting the country as a destination for sports events and activities. This has led to an increase in the number of international tourists visiting Chile for sports-related purposes.

Local special circumstances: Chile has a strong sporting culture, with a long history of sporting achievements. The country has produced world-class athletes in various sports, including football, tennis, and skiing. This has created a sense of pride and enthusiasm among the population, leading to increased participation and interest in sports events. In addition, Chile has a favorable climate for outdoor sports, with mild temperatures and a wide range of natural landscapes. This has contributed to the popularity of outdoor sports events, such as marathons, triathlons, and cycling races. The natural beauty of the country also provides a stunning backdrop for sports events, attracting both participants and spectators.

Underlying macroeconomic factors: The growth of the Sport Events market in Chile can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more people to afford tickets to sports events and participate in sports-related activities. Furthermore, the government has been investing in sports infrastructure and facilities, creating a conducive environment for sports events. This includes the construction of stadiums, sports complexes, and training centers, which has helped to attract international events and improve the overall quality of sports events in the country. In conclusion, the Sport Events market in Chile is experiencing significant growth due to increasing customer preferences for sports events, the hosting of international events, the promotion of sports tourism, the strong sporting culture, and favorable macroeconomic factors. These trends and special circumstances are driving the development of the market and are expected to continue in the future.

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.