Event Tickets - Bahrain

Bahrain

Revenue in the Event Tickets market is projected to reach US$64.38m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.33%, resulting in a projected market volume of US$73.40m by 2028.
The Music Events market has a projected market volume of US$42.61m in 2024.
In global comparison, most revenue will be generated in the United States (US$36,260.00m in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$148.20 in 2024.
In the Event Tickets market, the number of users is expected to amount to 480.0k users by 2028.
User penetration in the Event Tickets market will be at 23.6% in 2024.

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

Market

Region

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Currency

Analyst Opinion

The Event Tickets market in Bahrain is experiencing significant growth due to several key factors.

Customer preferences: Customers in Bahrain have shown a strong preference for attending live events and entertainment. The demand for event tickets has been steadily increasing as people seek out unique experiences and opportunities for social interaction. Concerts, sports events, and cultural festivals are particularly popular among Bahraini consumers. The desire to be part of these events and the need for entertainment and leisure activities have contributed to the growth of the Event Tickets market in Bahrain.

Trends in the market: One of the key trends in the Event Tickets market in Bahrain is the increasing popularity of international events. Bahraini consumers are eager to experience international concerts, sports tournaments, and cultural festivals. The availability of tickets for these events has expanded, thanks to improved connectivity and the efforts of event organizers to bring global acts to Bahrain. This trend has not only attracted local consumers but has also positioned Bahrain as a destination for international tourists seeking unique event experiences. Another trend in the market is the growing use of online platforms for purchasing event tickets. Online ticketing platforms have gained popularity due to their convenience, ease of use, and ability to provide real-time information about events. Consumers can now browse and purchase tickets for various events from the comfort of their homes or while on the go. This trend has not only made it easier for consumers to access event tickets but has also opened up new marketing and promotional opportunities for event organizers.

Local special circumstances: Bahrain's strategic location in the Gulf region and its status as a major business and cultural hub have contributed to the growth of the Event Tickets market. The country's vibrant entertainment scene, with a mix of local and international events, has attracted a diverse audience. Additionally, the government's efforts to promote tourism and develop the entertainment industry have further fueled the demand for event tickets in Bahrain.

Underlying macroeconomic factors: Bahrain's strong economy and high disposable income levels have played a significant role in the growth of the Event Tickets market. The country's stable political environment and favorable business climate have attracted international investments and businesses, leading to an increase in job opportunities and higher incomes for the population. As a result, consumers have more disposable income to spend on leisure activities, including attending events and purchasing event tickets. In conclusion, the Event Tickets market in Bahrain is witnessing significant growth due to customer preferences for live events, the popularity of international events, the increasing use of online ticketing platforms, Bahrain's vibrant entertainment scene, and the country's strong economy. These factors have created a favorable environment for the development of the Event Tickets market in Bahrain, attracting both local and international consumers.

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.