About Sports Events Tickets
Increasing growth of sports industry results the High growth in sports events ticket sales. Sports are popular among all the generation. All over the world people played various types of sports. People did not bother to pay more money to watch their favorite sports player in a ground or in any sports events. Football, Cricket, NBA and many more games are popular among the youth. Sports events tickets are sales at various rates as per as a seating arrangement for an audience. People buys sports events tickets from various sites or physically from the particularly related sports stadium.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Sports Events Tickets is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sports Events Tickets market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stubhub (United States), Seat Geek (United States), Ticketmaster (United States), Razorgator (United States), Ace Ticket (United States), AXS Group LLC (United States), Bookmyshow (India), Ticket City (United States), Vivid Seats LLC (United States) and Ticketnetwork (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Viagogo (United Kingdom), Sportsevents365 (Israel), Eventbrite (United States) and SuiteHop (United States).
Segmentation Overview
AMA Research has segmented the market of Global Sports Events Tickets market by Type (Paper tickets, Digital Tickets and Other), Application (Individuals and Sports Enthusiast) and Region.
On the basis of geography, the market of Sports Events Tickets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Online will boost the Sports Events Tickets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. General Admission will boost the Sports Events Tickets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
27 April, 2021,Ticketmanager Announced That It Is Acquiring Sports Systems, A Leader In Event Accreditation And Corporate Guest Management. The Acquisition of Sports Systems Will Add 250+ Corporate and Team Customers to Ticket Manager’s Community of Companies and Teams.
28 April 2022, Ticketmaster Sport Is Delighted to Announce That It Has Been Appointed the Club’s New Ticketing Partner, Delivering Sports Ticketing Technology Solutions and A Range of Complementary Services Including Marketing Support as Part of Premiership Rugby’s League-Wide Deal with The Industry Leading Company. Saracens Seasonal Members Will Be the First to Experience a Transformed Ticketing Website for the 2022/23 Season Membership Renewal Process and All Supporters Will Enjoy a Frictionless Digital Ticket Buying Process, Ensuring the Best Experience Possible Pre, During and Post Event from The Beginning of the 2022 Gallagher Premiership Season When Fixtures Are Announced in July.
Market Drivers
- Increasing Amount of Sports Popularity Among All Generation of People
- Rising Number of Sports Enthusiasts
Opportunities
- Growing Digital Infrastructure
- Increasing Growth in Sports Industry
Restraints
- Rising Prices of Sports Tickets
- Increasing Covid-19 Cases Impact on Ticket Sales
Challenges
- Ticket Cancellation
- Limitation Of Transferring the Tickets
- Acceptance Of Risk and Liabilities as It Is Not Getting Too Much Sales of Related Sports
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.