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Sport Events - United Arab Emirates

United Arab Emirates

Revenue in the Sport Events market is projected to reach US$73.78m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.07%, resulting in a projected market volume of US$77.00m by 2028.
In the Sport Events market, the number of users is expected to amount to 0.8m users by 2028.
User penetration will be 7.8% in 2024 and is expected to hit 7.8% by 2028.
The average revenue per user (ARPU) is expected to amount to US$93.21.
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 United Arab Emirates is experiencing significant growth and development.

Customer preferences: Customers in the United Arab Emirates have shown a strong interest in sports events, with a particular focus on international events. They are attracted to the prestige and excitement associated with these events, as well as the opportunity to witness world-class athletes competing in their favorite sports. Additionally, customers in the United Arab Emirates appreciate events that offer a unique and memorable experience, such as those held in iconic venues or featuring innovative technologies.

Trends in the market: One of the key trends in the Sport Events market in United Arab Emirates is the increasing number of international sporting events being hosted in the country. This trend can be attributed to several factors, including the country's strategic location, world-class infrastructure, and government support for sports tourism. The United Arab Emirates has successfully attracted major sporting events such as the Abu Dhabi Grand Prix and the Dubai Tennis Championships, which have gained international recognition and attracted a large number of spectators and participants. Another trend in the market is the growing popularity of niche sports events. While traditional sports such as football and cricket continue to dominate the market, there is a rising interest in alternative sports such as extreme sports, cycling, and water sports. This trend can be attributed to the increasing diversity and cosmopolitan nature of the United Arab Emirates, as well as the desire to offer unique and differentiated experiences to customers.

Local special circumstances: The United Arab Emirates has a unique advantage in hosting sports events due to its favorable climate. With year-round sunshine and warm temperatures, the country is an attractive destination for outdoor sports events. This has led to the development of state-of-the-art sports facilities and venues, which further enhance the appeal of the United Arab Emirates as a sports events destination.

Underlying macroeconomic factors: The development of the Sport Events market in United Arab Emirates is also influenced by underlying macroeconomic factors. The country has a strong and stable economy, driven by sectors such as oil and gas, tourism, and finance. This enables the government and private sector to invest in sports infrastructure and attract international events. Additionally, the United Arab Emirates has a high per capita income, which allows individuals to spend on leisure activities such as attending sports events. In conclusion, the Sport Events market in United Arab Emirates is experiencing growth and development due to customer preferences for international events, the increasing popularity of niche sports, favorable local circumstances such as climate and infrastructure, and underlying macroeconomic factors such as a strong economy and high disposable income. These factors contribute to the country's ability to attract and host a wide range of sports events, creating opportunities for both local businesses and international participants.

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.