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Sport Events - Timor-Leste

Timor-Leste

Revenue in the Sport Events market is projected to reach US$196.30k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.57%, resulting in a projected market volume of US$243.80k by 2028.
In the Sport Events market, the number of users is expected to amount to 13.3k users by 2028.
User penetration will be 0.9% in 2024 and is expected to hit 0.9% by 2028.
The average revenue per user (ARPU) is expected to amount to US$16.14.
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 Timor-Leste is experiencing significant growth and development.

Customer preferences: Sports events have always been popular in Timor-Leste, with a strong passion for football and martial arts. The local population is highly engaged in sports and actively participates in various sporting activities. As a result, there is a growing demand for sports events that provide entertainment and showcase local talent.

Trends in the market: One of the key trends in the sport events market in Timor-Leste is the increasing number of international tournaments and competitions being held in the country. This has not only attracted a large number of participants and spectators from around the world but has also brought significant attention to the local sports scene. The hosting of international events has contributed to the growth of sports infrastructure and facilities, as well as the development of local talent. Another trend in the market is the rise of grassroots sports events. There has been a growing emphasis on promoting sports at the grassroots level, with the aim of nurturing young talent and encouraging participation in sports from a young age. This has led to the organization of various local sports events, such as youth football tournaments and martial arts competitions, which have gained popularity among the local population.

Local special circumstances: Timor-Leste is a relatively small country with a population that is passionate about sports. This has created a close-knit sports community where people actively support and participate in various sports events. The sense of community and camaraderie has contributed to the success of sports events in the country.

Underlying macroeconomic factors: The growing sport events market in Timor-Leste can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has allowed individuals to allocate more resources towards sports activities and events. Additionally, the government of Timor-Leste has recognized the importance of sports in promoting national unity, health, and social development. As a result, there has been a focus on investing in sports infrastructure and facilities, as well as supporting the organization of sports events. This government support has played a crucial role in the growth and development of the sport events market in the country. In conclusion, the sport events market in Timor-Leste is experiencing significant growth and development. The increasing number of international tournaments, the rise of grassroots sports events, the close-knit sports community, and the underlying macroeconomic factors are all contributing to this growth. With the continued support from the government and the passion of the local population, the sport events market in Timor-Leste is expected to thrive 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.