Dublin, Jan. 04, 2023 (GLOBE NEWSWIRE) — The “Sports Events Market By Revenue Source, By Age Group: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.
The global sports events market size was valued at $184,612.2 million in 2021 and is estimated to reach $609,066.8 million by 2031, registering a CAGR of 10.5% from 2022 to 2031.
One of the key drivers of the market’s growth is the considerable increase in sporting events such as the Olympics, the Football World Cup, and the NBA. It is expected that he will rise to the premier leagues in various sports, and the expanding popularity of sportsmen will further contribute to the growth.
The industry is expected to have plenty of development prospects due to factors including the expanding acceptance of digital tickets and the increased use of smartphones worldwide. The lack of pricing management and the ambiguity around ticket prices, however, could limit market expansion.
Most sporting events are being postponed or canceled as a result of the COVID-19 pandemic, which has a detrimental influence on the market. For instance, both the National Hockey League (NHL) and the National Basketball Association (NBA) postponed their seasons. The seasons of Major League Baseball (MLB), Major League Soccer (MLS), and the Professional Golfers’ Association (PGA) Tour were all suspended. Due to the epidemic, some sports leagues have changed their schedules. Such sports event cancellations have an effect on industry sales and income production.
According to the sports events market analysis, the sports events market is segmented into revenue source, age group and region. By revenue source, it is segregated into ticket sale, sponsorship and others. On the basis of age group, the market is categorized into Below 20 years, 21-40 years and 41 years & above. On the basis of region, it is analyzed across North America (the US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Rest of Europe), Asia-Pacific (China, Japan , India, Australia and the Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and the Rest of LAMEA).
Region wise, LAMEA has gained considerable share in the sports events market and is expected to grow at higher CAGR. This is mainly attributed to growth per capita income, rise in expenditure on the entertainment and rise in the number of sports events in Brazil, Argentina and South Africa.
Furthermore, one of the key aspects supporting the expansion of the events sector in this region is robust economic growth, which presents profitable investment prospects. In addition, the high penetration of technology and the internet in the densely populated nations spurs market expansion by increasing public awareness of upcoming sporting events.
Social media has a significant impact on the expansion of the events sector because it makes it easy to contact a large audience, learn about their preferences, and create events that meet those needs. Thus, above factors are expected to boost the growth of the LAMEA sports events market during the forecast period.
The major players operating in the market are Ace Ticket Worldwide, Inc., GooTickets.Com, Razorgator LLC, SeatGeek, StubHub, Ticket City, Inc., Tickets.com, LLC, Ticketek Pty Ltd, Ticketmaster and TicketPick LLC.
Key Benefits
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This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sports events market analysis from 2021 to 2031 to identify the prevailing sports events market opportunities.
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The market research is offered along with information related to key drivers, restraints, and opportunities.
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Porter’s five forces analysis highlights the power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
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In-depth analysis of the sports events market segmentation helps to determine the prevailing market opportunities.
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Major countries in each region are mapped according to their revenue contribution to the global market.
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Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
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The report includes the analysis of the regional as well as global sports events market trends, key players, market segments, application areas, and market growth strategies.
Key topics covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1.Top investment pockets
3.3 Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: SPORTS EVENTS MARKET, BY REVENUE SOURCE
4.1 Overview
4.1.1 Market size and forecast
4.2 Ticket Sale
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Sponsorship
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: SPORTS EVENTS MARKET, BY AGE GROUP
5.1 Overview
5.1.1 Market size and forecast
5.2 Below are 20 years
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 21 to 40 years old
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 41 years and above
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: SPORTS EVENTS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Ace Ticket Worldwide, Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 GooTickets.Com
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Razorgator LLC
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 SeatGeek
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 StubHub
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 TicketCity, Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Tickets.com, LLC
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Ticketek Pty Ltd
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Ticketmaster
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 TickPick LLC
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/zdp7u6
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