Event Tickets - Worldwide

  • Worldwide
  • The Event Tickets market worldwide is projected to reach a revenue of US$85.07bn by 2024.
  • It is expected to exhibit an annual growth rate (CAGR 2024-2028) of 2.54%, resulting in a projected market volume of US$94.06bn by 2028.
  • In 2025, the market is anticipated to experience a revenue growth of 4.0%.
  • Among the markets, Music Events is expected to be the largest, with a projected market volume of US$34.23bn in 2024.
  • When compared globally, in the United States is projected to generate the highest revenue, with US$36,260.00m in 2024.
  • The average revenue per user (ARPU) in the Event Tickets market is projected to be US$115.90 in 2024.
  • The number of users in the market is expected to reach 769.0m users by 2028.
  • The user penetration in the Event Tickets market is estimated to be 9.5% in 2024.
  • These figures indicate the significant potential and growth opportunities within the Event Tickets market worldwide.
  • In the worldwide eServices market for event tickets, the United States continues to dominate with its vast selection and convenience of online platforms.

Key regions: Germany, India, China, Europe, Japan

 
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Analyst Opinion

The Event Tickets market Worldwide 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 trajectory. Customer preferences play a crucial role in the development of the Event Tickets market. Consumers are increasingly seeking unique and memorable experiences, and attending live events has become a popular choice. The desire for personalization and customization is also driving growth in the market, as customers look for events that cater to their specific interests and preferences. Trends in the market are also shaping its development. One notable trend is the rise of online ticket sales. With the increasing availability of internet access and the convenience it offers, more and more customers are opting to purchase their event tickets online. This trend has led to the emergence of online ticketing platforms, which provide a wide range of events and make it easier for customers to find and purchase tickets. Another trend in the Event Tickets market is the growing popularity of international events. As travel becomes more accessible and affordable, customers are increasingly willing to travel to different countries or regions to attend major events. This trend has created a demand for international event tickets and has opened up new opportunities for event organizers and ticket sellers. Local special circumstances also play a role in the development of the Event Tickets market in different countries. Factors such as the availability and popularity of local events, the presence of cultural or sporting hubs, and the overall entertainment landscape in a country can influence the demand for event tickets. For example, countries with a strong music scene or a rich sports culture may see a higher demand for concert or sports event tickets. Underlying macroeconomic factors also contribute to the growth of the Event Tickets market. Economic stability and disposable income levels play a significant role in determining consumers' willingness to spend on event tickets. In countries with a strong economy and high levels of disposable income, consumers are more likely to allocate a portion of their budget towards attending live events. In conclusion, the Event Tickets market in Worldwide is developing and growing due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The desire for unique experiences, the rise of online ticket sales, the popularity of international events, local entertainment landscapes, and economic stability all contribute to the positive trajectory of 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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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