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Sport Events - Czechia

Czechia

Revenue in the Sport Events market is projected to reach US$55.48m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.91%, resulting in a projected market volume of US$59.83m by 2028.
In the Sport Events market, the number of users is expected to amount to 0.6m users by 2028.
User penetration will be 5.9% in 2024 and is expected to hit 6.0% by 2028.
The average revenue per user (ARPU) is expected to amount to US$87.77.
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 Czechia is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trend. Customer preferences in Czechia are increasingly leaning towards active and healthy lifestyles. As a result, there is a growing demand for participation in sports events and activities. People are seeking opportunities to engage in physical activities and sports competitions, both as participants and spectators. This shift in customer preferences is driving the growth of the Sport Events market in Czechia. One of the key trends in the market is the increasing popularity of organized sports events. Czechia has a rich sports culture, with a strong tradition of sports participation and support. This has led to the rise of various sports events, ranging from local tournaments to international competitions. The increasing number of sports events is attracting participants and spectators from all over the country, contributing to the growth of the market. Another trend in the market is the diversification of sports events. While traditional sports such as football and ice hockey continue to be popular, there is a growing interest in niche sports and alternative forms of physical activities. This trend is driven by the desire for unique and different experiences, as well as the increasing availability of facilities and resources for these sports. As a result, sports events in Czechia are becoming more diverse, catering to a wider range of interests and preferences. Local special circumstances in Czechia also contribute to the development of the Sport Events market. The country has a well-developed sports infrastructure, with modern stadiums, arenas, and sports facilities. This provides a conducive environment for organizing and hosting sports events of various scales. Additionally, the government and local authorities actively support and promote sports events, providing funding and resources to organizers. These special circumstances create a favorable ecosystem for the growth of the Sport Events market in Czechia. Underlying macroeconomic factors also play a role in the development of the Sport Events market. Czechia has a stable economy with a growing middle class, which has increased disposable income and purchasing power. This allows individuals to allocate a portion of their budget towards sports events and activities. Furthermore, the tourism industry in Czechia is thriving, attracting both domestic and international visitors. Sports events are a major draw for tourists, contributing to the overall growth of the market. In conclusion, the Sport Events market in Czechia is experiencing significant growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for active lifestyles, the popularity of organized sports events, the diversification of sports offerings, the presence of a well-developed sports infrastructure, and the stable economy all contribute to the positive trend in the market.

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.