Sport Events - Israel

  • Israel
  • Revenue in the Sport Events market is projected to reach US$71.85m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.93%, resulting in a projected market volume of US$77.57m by 2028.
  • In the Sport Events market, the number of users is expected to amount to 0.7m users by 2028.
  • User penetration will be 7.8% in 2024 and is expected to hit 7.4% by 2028.
  • The average revenue per user (ARPU) is expected to amount to US$100.60.
  • 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 Israel has been experiencing significant growth in recent years, driven by several key factors.

Customer preferences:
One of the main reasons for the growth of the Sport Events market in Israel is the increasing interest and participation in sports among the population. Israelis have always been passionate about sports, and there has been a growing trend of people actively engaging in various sports activities. This has created a strong demand for sport events, both as spectators and participants.

Trends in the market:
Another trend that has contributed to the growth of the Sport Events market in Israel is the increasing popularity of international sports events. Israel has been hosting an increasing number of international sporting events, including marathons, tennis tournaments, and soccer matches. These events attract a large number of participants and spectators from both Israel and abroad, boosting the overall market for sport events in the country.

Local special circumstances:
Israel's unique geographical location and diverse landscape also play a role in the development of the Sport Events market. The country offers a wide range of outdoor activities, such as hiking, cycling, and water sports, which attract both locals and tourists. Additionally, Israel's mild climate allows for year-round sports activities, making it an ideal destination for sport events.

Underlying macroeconomic factors:
The growing economy in Israel has also contributed to the development of the Sport Events market. As the economy continues to grow, people have more disposable income to spend on leisure activities, including attending sport events. This has created a favorable market environment for the growth of the Sport Events industry in Israel. In conclusion, the Sport Events market in Israel is experiencing significant growth due to the increasing interest and participation in sports, the popularity of international sporting events, the unique geographical location and diverse landscape of the country, and the growing economy. These factors have created a favorable market environment for the development of the Sport Events industry in Israel.

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
  • Global Comparison
  • Methodology
  • Key Market Indicators
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