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Sport Events - Haiti

Haiti

Revenue in the Sport Events market is projected to reach US$312.20k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.87%, resulting in a projected market volume of US$323.20k by 2028.
In the Sport Events market, the number of users is expected to amount to 90.0k users by 2028.
User penetration will be 0.7% in 2024 and is expected to hit 0.7% by 2028.
The average revenue per user (ARPU) is expected to amount to US$3.67.
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 Haiti has been steadily growing in recent years, driven by a combination of customer preferences, local special circumstances, and underlying macroeconomic factors. Customer preferences in Haiti have played a significant role in the development of the Sport Events market. Haitians have a strong passion for sports, particularly football (soccer), which is the most popular sport in the country. This has led to a high demand for sport events, both at the national and international levels. Additionally, Haitians value community and social interactions, and sport events provide an opportunity for people to come together and support their favorite teams or athletes. Trends in the market have also contributed to its growth. One notable trend is the increasing popularity of international sport events in Haiti. Major tournaments and competitions, such as the Copa America and the FIFA World Cup qualifiers, have attracted large audiences and generated significant revenue for the country. This trend is driven by the desire to bring world-class sport events to Haiti, as well as the potential economic benefits that come with hosting such events. Local special circumstances have further fueled the development of the Sport Events market in Haiti. The country has a rich sporting culture, with talented athletes in various disciplines. This has created a strong foundation for the growth of the market, as there is a pool of local talent that can participate in and contribute to sport events. Additionally, the government has recognized the importance of sport events in promoting tourism and economic development, leading to increased investment in sports infrastructure and facilities. Underlying macroeconomic factors have also played a role in the growth of the Sport Events market in Haiti. The country has experienced economic stability and growth in recent years, which has resulted in higher disposable incomes for the population. This has increased the affordability of attending sport events and has contributed to the overall demand for such events. Additionally, the government's focus on promoting tourism has attracted international visitors to Haiti, further boosting the market for sport events. In conclusion, the Sport Events market in Haiti is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The passion for sports, the popularity of international events, the presence of talented athletes, and the government's investment in sports infrastructure have all contributed to the growth of the market. With continued support and investment, the Sport Events market in Haiti is expected to further expand in the coming years.

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.