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The Basketball Media Market in the Benelux region is experiencing minimal growth due to factors such as the limited adoption of digital technologies, low health awareness among consumers, and lack of convenience in online services. Despite this, the market is still expected to grow steadily.
Customer preferences: With the growing popularity of online streaming services, more and more consumers are turning to online platforms for their basketball fix. This is especially prominent in the Benelux region, where there is a strong tech-savvy culture. The rise of social media and influencer marketing has also played a significant role in shaping consumer preferences, as younger demographics are heavily influenced by their favorite players and teams on various online platforms. Additionally, the increasing diversity within the basketball community has also led to a demand for more inclusive and diverse coverage in the media, highlighting the importance of diversity and representation in the basketball media market.
Trends in the market: In Benelux, the Basketball Media Market is seeing a shift towards digital streaming services, with more consumers opting for online platforms to watch games and access exclusive content. Traditional media outlets are also investing in digital strategies to reach a wider audience. Meanwhile, in the larger Basketball Market, the rise of social media has led to increased visibility and engagement for players and teams. This trend is expected to continue, as digital channels provide more opportunities for fan interaction and monetization. These developments have major implications for industry stakeholders, as they need to adapt and invest in digital capabilities to remain competitive in the evolving Basketball Media Market.
Local special circumstances:
In the Benelux region, the Basketball Media Market has seen significant growth due to the popularity of basketball and the vibrant media landscape. Unlike other markets, the Netherlands has a high internet penetration rate, making it a hotspot for digital media consumption. Belgium, on the other hand, has a strong print media culture, which has influenced the countrys basketball media market. In Luxembourg, the small market size and its location between Belgium, Germany, and France have resulted in a unique mix of media preferences and consumption patterns, with a focus on pan-European coverage of basketball events.
Underlying macroeconomic factors: The growth of the Basketball Media Market in the Benelux region is closely tied to macroeconomic factors such as consumer spending, technological advancements, and government policies that impact the overall Sports market. Positive economic growth, rising disposable income, and increased interest in international sports events are all driving the demand for basketball media in this region. However, unfavorable regulatory environments and limited funding for sports infrastructure may hinder market growth. The increasing popularity of basketball and the rise of digital platforms for sports broadcasting are also significant economic factors influencing the market in the Benelux region.
Data coverage:
The data encompasses B2B revenues. Figures are based on media spending from businesses to several clubs. That also includes the revenues from advertising as this is part of media and broadcasting contracts the individual clubs have with their respective leagues.Modeling approach / Market size:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. 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 or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)