Event Tickets Market by Source, Event Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40993

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The event tickets market has the potential to grow by USD 14.98 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.72%.

This event tickets market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by source (primary and secondary), event type (sporting events, concerts, performing arts, and others), and geography (North America, Europe, APAC, MEA, and South America). The event tickets market report also offers information on several market vendors, including Ace Ticket Worldwide Inc., AMC Entertainment Holdings Inc, AXS Group LLC, Bigtree Entertainment Pvt Ltd, Cinemark Holdings Inc, Coast To Coast Tickets LLC, CTS Eventim AG & Co. KGaA, eBay Inc., Live Nation Entertainment Inc., and TickPick LLC among others.

What will the Event Tickets Market Size be in 2021?

Event-Tickets-Market-Market-Size-2020-2025

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Event Tickets Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing use of mobile apps for booking tickets is notably driving the event tickets market growth, although factors such as growing consumption of online content may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the event tickets industry get your FREE report sample now.

  • The increasing use of mobile apps for booking tickets will be a significant factor in driving the growth of the event tickets market.
  • The introduction of 4G and 5G technologies has enabled end-users to use mobile apps such as Eventbrite, Eventjoy, Ticketbud, Paytm, and Eventbee for ticket booking.
  • Mobile ticketing apps allow users to create, promote, sell, and book tickets at any point in time from their mobiles with an Internet connection.
  • These apps offer easy payment options, hassle-free ticket booking, search options, feeds, maps, conference web pages, and floor plans.
  • The growing importance of completing registrations and ticketing processes before going to any event has encouraged users to adopt mobile apps for ticket booking.
  • The high utilization of social media will positively influence the growth of the market during the forecast period.
  • Event organizers and moviemakers are increasingly using social computing tools for branding, marketing, broad-based knowledge management initiatives, and selling tickets.
  • The increased importance of sentiment analysis and the advances in behavioral analytics are encouraging market vendors to include social media in their business processes.
  • The emergence of social media as one of the primary sources for promotions has resulted in an increasing number of partnerships between ticket vendors and social media platforms.

This event tickets market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Event Tickets Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ace Ticket Worldwide Inc.
  • AMC Entertainment Holdings Inc
  • AXS Group LLC
  • Bigtree Entertainment Pvt Ltd
  • Cinemark Holdings Inc
  • Coast To Coast Tickets LLC
  • CTS Eventim AG & Co. KGaA
  • eBay Inc.
  • Live Nation Entertainment Inc.
  • TickPick LLC

 

The event tickets market is fragmented and the vendors are deploying growth strategies such as adopting various technologies in their operations and services to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the event tickets market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Event Tickets Market?

Event-Tickets-Market-Market-Share-by-Region-2020-2025

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36% of the market’s growth will originate from North America during the forecast period. The US is a key market for event tickets in North America. Market growth in North America will be faster than the growth of the market in MEA and South America.

The high popularity of sports events and music festivals will facilitate the event tickets market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Source Segments in the Event Tickets Market?

Event-Tickets-Market-Market-Share-by-Source-2020-2025

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The event tickets market share growth by the primary segment will be significant during the forecast period. Primary tickets can be sold through online and offline platforms by event organizers through their own platforms and by third-party service providers. The growth of this segment is driven by the increasing number of professional events, such as exhibitions, live music events, and sports events.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the event tickets market size.

 

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What are the Key Factors Covered in this Event Tickets Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive event tickets market growth during the next five years
  • Precise estimation of the event tickets market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the event tickets industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of event tickets market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The event tickets market growth will increase by $39.87 billion during 2019-2024.
The event tickets market is expected to grow at a CAGR of 6.16% during 2019-2024.
Technavio has segmented the event tickets market by other 1 (Primary and Secondary) and geographic (North America, Europe, APAC, and South America).
Ace Ticket Worldwide Inc., AMC Entertainment Holdings Inc., Bigtree Entertainment Pvt. Ltd., Cinemark Holdings Inc., Cineplex Inc., Coast To Coast Tickets LLC, CTS Eventim AG & Co. KGaA, eBay Inc., Live Nation Entertainment Inc., TickPick LLC are a few of the key vendors in the event tickets market.
North America will register the highest growth rate of 40.73% among the other regions. Therefore, the event tickets market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • Germany
  • France
The key factors driving the event tickets market growth are:
  • Increasing use of mobile apps for booking tickets
  • High utilization of social media
The event tickets market vendors should focus on grabbing business opportunities from the primary segment as it accounted for the largest market share in the base year.

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