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Event Tickets Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40993
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The event tickets market share is expected to increase by USD 14.98 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6%.

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 event tickets market segmentation by geography (North America, Europe, APAC, MEA, and South America), source (primary and secondary), and event type (sporting events, concerts, performing arts, and others). 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 During the Forecast Period?

Event Tickets Market Size

Download the Free Report Sample to Unlock the Event Tickets Market Size for the Forecast Period and Other Important Statistics

 

Event Tickets Market: Key Drivers, Trends, and Challenges

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 the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the event tickets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Event Tickets Market Driver

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.

Key Event Tickets Market Trend

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.

Key Event Tickets Market Challenge

The growing consumption of online content will be a major challenge for the event tickets market during the forecast period. Viewers who cannot afford the high price of tickets or those who belong to the low-income group opt for the online streaming of sports events, movies, and other live events. For instance, most sports events are also streamed live on TV channels or online, and the number of tickets for such events is limited. Therefore, a limited number of people can attend them. Geographical constraints also prevent people from viewing such events on the spot. Hence, the convenience provided by online streaming, geographical limitations, and the limited number of tickets available encourage people to watch such content online. The outbreak of the COVID-19 pandemic led to the imposition of nationwide lockdowns in many countries across the world in 2020. The low cost of economic data plans offered by network providers has increased the number of Internet users. This has propelled the adoption of online content globally as consumers can easily access the Internet across various media.

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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global event tickets market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the event tickets market during the forecast period.

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

 

This statistical study of the event tickets market encompasses successful business strategies deployed by the key vendors. 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.

Product Insights and News

  • Ace Ticket Worldwide Inc. - The company offers tickets for National Hockey League games, National Basket Ball Association games, and other events.

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.

The event tickets market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Event Tickets Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the event tickets market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the leisure products marketincludes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Event Tickets Market?

Event Tickets Market Market segmentation by region

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

The popularity of sports events will facilitate the event tickets market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The increasing number of COVID-19 cases across North America has led to the imposition of lockdowns, which has led many sporting organizations to cancel or postpone sports events in North America. The cancelation and postponement of sports events had a negative impact on the overall sporting events ticket market in North America in 2020. However, this situation is expected to improve from the second half of 2021 and fully recover from 2022 onwards, with the relaxation of lockdown restrictions by the government. This, in turn, will result in the steady growth of the market in focus.

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

Event Tickets Market Segmentation

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The event tickets market share growth by the primary segment will be significant during the forecast period. The growth of this segment is driven by the increasing number of professional events, such as exhibitions, live music events, and sports events. Individual users spend heavily on these events, which is boosting the demand for primary event tickets through online and offline channels. The end-users of primary event tickets have varied and complex expectations. The various choices available for customers have led to intense rivalry among the vendors in this segment. The increasing number of sports events further drives the growth of this segment. 

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

 

Event Tickets Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 14.98 billion

Market structure

Fragmented

YoY growth (%)

2.77

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data 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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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Source

  • Market segments
  • Comparison by Source
  • Primary - Market size and forecast 2020-2025
  • Secondary - Market size and forecast 2020-2025
  • Market opportunity by Source

Market Segmentation by Event type

  • Market segments
  • Comparison by Event type
  • Sporting events - Market size and forecast 2020-2025
  • Concerts - Market size and forecast 2020-2025
  • Performing arts - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Event type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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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.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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