Event Tickets - Mauritius

Mauritius

Revenue in the Event Tickets market is projected to reach €2.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.10%, resulting in a projected market volume of €2.59m by 2028.
The Music Events market has a projected market volume of €1.13m in 2024.
In global comparison, most revenue will be generated in the United States (€33,280.00m in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to €28.38 in 2024.
In the Event Tickets market, the number of users is expected to amount to 97.4k users by 2028.
User penetration in the Event Tickets market will be at 7.2% in 2024.

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

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Analyst Opinion

The Event Tickets market in Mauritius is currently experiencing significant growth and development. Customer preferences have shifted towards attending live events and experiences, leading to an increase in demand for event tickets. This trend can be observed not only in Mauritius but also worldwide.

Customer preferences: Customers in Mauritius are increasingly seeking out unique and memorable experiences, and attending live events is one way to fulfill this desire. Whether it is a music concert, sports match, or cultural festival, people are willing to spend money on event tickets to be part of these special occasions. The younger generation, in particular, values experiences over material possessions, and this has contributed to the growth of the Event Tickets market.

Trends in the market: One of the key trends in the Event Tickets market in Mauritius is the rise of online ticketing platforms. These platforms provide a convenient and efficient way for customers to purchase event tickets from the comfort of their own homes. The increasing internet penetration rate in Mauritius has further facilitated the adoption of online ticketing platforms. This trend is not unique to Mauritius but can be observed in many countries worldwide. Another trend in the market is the growing popularity of international events in Mauritius. The country has become a sought-after destination for international artists, musicians, and sports teams. This has led to an increase in the number of international events being held in Mauritius, attracting both local and international audiences. As a result, the demand for event tickets has risen, contributing to the growth of the market.

Local special circumstances: Mauritius is known for its vibrant cultural scene and diverse population. The country hosts a wide range of events throughout the year, catering to different interests and preferences. From music festivals to sports tournaments, there is something for everyone in Mauritius. This variety of events has contributed to the growth of the Event Tickets market as people have more options to choose from.

Underlying macroeconomic factors: The growth of the Event Tickets market in Mauritius can also be attributed to the country's strong economic performance. Mauritius has experienced steady economic growth over the years, resulting in an increase in disposable income among the population. As a result, people have more money to spend on leisure activities, including attending live events. The positive economic outlook has created a favorable environment for the growth of the Event Tickets market. In conclusion, the Event Tickets market in Mauritius is developing rapidly due to changing customer preferences, the rise of online ticketing platforms, the popularity of international events, the variety of events available, and the country's strong economic performance. These factors have contributed to the growth and development of the market, making it an exciting and lucrative industry in Mauritius.

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.