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Global Sports Events Tickets Market to reach USD 38.23 billion by the end of 2029

Global Sports Events Tickets Market Size study & Forecast, by Type (Digital Tickets, Online Printable Tickets, Paper Tickets), Regional Analysis, 2022-2029

Product Code: OIRGSF-75559099
Publish Date: 27-02-2023
Page: 200

Global Sports Events Tickets Market is valued approximately USD 13.88 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.50% over the forecast period 2022-2029. One of the key drivers of the market growth is the notable increase in popularity of sporting events like the Olympics, the FIFA World Cup, and the NBA. The global growth of the sports event sector is further fueled by the rising star power of athletes and the premier league tournaments. Additionally, it is anticipated that the market will have plenty of chances due to the widespread acceptance of digital tickets and the increasing use of smartphones worldwide. However, during the anticipated timeframe, market development is anticipated to be constrained by the unpredictability of ticket pricing and a lack of price management.

In the upcoming years, the market is anticipated to be driven by a considerable increase in sporting activities and events including the National Basketball Association (NBA), Daytona 500, Super Bowl, and US Open Tennis. The sale of tickets for sporting events is increasing as the number of viewers for such events rises. For instance, 1.3 million people watched National Football League (NFL) games during the 2020–2021 season.

The key regions considered for the Global Sports Events Tickets Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2021, North America had the biggest revenue share, and it is anticipated that it would maintain its dominance throughout the projected period. Growth is anticipated to be fueled by a notable increase in major events including the US Open (tennis), Super Bowl, Daytona 500, and the National Basketball Association (NBA). From 2022 to 2028, Asia Pacific is expected to see the fastest growth rate (CAGR). India and China are helping the market expand in a favourable way. Some of the causes driving market expansion in the area include the expanding sporting events business, rising per capita income, the burgeoning middle-class population, and rising disposable income.

Major market player included in this report are:
Ace Ticket Worldwide, Inc.
AXS Group LLC
Big Tree Entertainment Pvt. Ltd
StubHub
Ticket Master (Live Nation Worldwide, Inc.)
Brown Paper Tickets, LLC
Ticketek Pty Ltd
SeatGeek, Inc.
Ticket City, Inc.
Vivid Seats LLC
TicketIQ, LLC

Recent Developments in the Market:
 In order to encourage sports and live entertainment lovers to buy tickets through the trivago-branded accommodation search engine ‘AXS.com,’ trivago, a top global accommodation search platform, teamed with AXS Group LLC in October 2022.
 Events.com in October 2022 acquired the assets of Brown Paper Tickets (BPT), a global provider of tickets with clients in over 120 countries.
Global Sports Events Tickets Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Digital Tickets
Online Printable Tickets
Paper Tickets

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Sports Events Tickets Market, by Region, 2019-2029 (USD Billion)
1.2.2. Sports Events Tickets Market, by Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Sports Events Tickets Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Sports Events Tickets Market Dynamics
3.1. Sports Events Tickets Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing use of smartphones
3.1.1.2. Growing number of events
3.1.2. Market Challenges
3.1.2.1. Fluctuation in the prices of tickets
3.1.3. Market Opportunities
3.1.3.1. Rising popularity of sports events
Chapter 4. Global Sports Events Tickets Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Sports Events Tickets Market, by Type
6.1. Market Snapshot
6.2. Global Sports Events Tickets Market by Type, Performance – Potential Analysis
6.3. Global Sports Events Tickets Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Sports Events Tickets Market, Sub Segment Analysis
6.4.1. Digital Tickets
6.4.2. Online Printable Tickets
6.4.3. Paper Tickets
Chapter 7. Global Sports Events Tickets Market, Regional Analysis
7.1. Sports Events Tickets Market, Regional Market Snapshot
7.2. North America Sports Events Tickets Market
7.2.1. U.S. Sports Events Tickets Market
7.2.1.1. Type breakdown estimates & forecasts, 2019-2029
7.2.2. Canada Sports Events Tickets Market
7.3. Europe Sports Events Tickets Market Snapshot
7.3.1. U.K. Sports Events Tickets Market
7.3.2. Germany Sports Events Tickets Market
7.3.3. France Sports Events Tickets Market
7.3.4. Spain Sports Events Tickets Market
7.3.5. Italy Sports Events Tickets Market
7.3.6. Rest of Europe Sports Events Tickets Market
7.4. Asia-Pacific Sports Events Tickets Market Snapshot
7.4.1. China Sports Events Tickets Market
7.4.2. India Sports Events Tickets Market
7.4.3. Japan Sports Events Tickets Market
7.4.4. Australia Sports Events Tickets Market
7.4.5. South Korea Sports Events Tickets Market
7.4.6. Rest of Asia Pacific Sports Events Tickets Market
7.5. Latin America Sports Events Tickets Market Snapshot
7.5.1. Brazil Sports Events Tickets Market
7.5.2. Mexico Sports Events Tickets Market
7.6. Rest of The World Sports Events Tickets Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Ace Ticket Worldwide, Inc.
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. AXS Group LLC
8.2.3. Big Tree Entertainment Pvt. Ltd
8.2.4. StubHub
8.2.5. Ticket Master (Live Nation Worldwide, Inc.)
8.2.6. Brown Paper Tickets, LLC
8.2.7. Ticketek Pty Ltd
8.2.8. SeatGeek, Inc.
8.2.9. Ticket City, Inc.
8.2.10. Vivid Seats LLC
8.2.11. TicketIQ, LLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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