Event Tickets - Spain

Spain

Revenue in the Event Tickets market is projected to reach €1,132.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.89%, resulting in a projected market volume of €1,220.00m by 2028.
The Music Events market has a projected market volume of €475.10m 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 €123.90 in 2024.
In the Event Tickets market, the number of users is expected to amount to 9.4m users by 2028.
User penetration in the Event Tickets market will be at 19.6% in 2024.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Event Tickets market in Spain has experienced significant growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Spanish consumers have shown a growing interest in attending live events, such as concerts, sports matches, and theater performances. This can be attributed to the desire for unique and memorable experiences, as well as the increasing popularity of social media platforms, which allow individuals to share their experiences with friends and followers. Additionally, the convenience of online ticket purchasing has made it easier for consumers to access and secure tickets for their desired events.

Trends in the market: One of the key trends in the Event Tickets market in Spain is the rise of digital ticketing platforms. These platforms provide consumers with a convenient and efficient way to browse, compare, and purchase tickets for a wide range of events. Furthermore, the integration of mobile ticketing technology has made it even easier for consumers to access their tickets and enter venues, eliminating the need for physical tickets. This trend has not only improved the overall ticket buying experience but has also contributed to the growth of the market.

Local special circumstances: Spain has a rich cultural heritage and is known for its vibrant music, sports, and entertainment scenes. The country hosts numerous festivals, concerts, and sporting events throughout the year, attracting both domestic and international attendees. This cultural significance and the strong demand for live events have created a favorable environment for the Event Tickets market to flourish in Spain.

Underlying macroeconomic factors: The growth of the Event Tickets market in Spain can also be attributed to the country's improving economic conditions. As the economy has rebounded from the global financial crisis, consumers have become more willing to spend on discretionary items, including event tickets. Additionally, the growth of the tourism industry in Spain has contributed to the demand for event tickets, as tourists seek to experience the local culture and entertainment offerings. In conclusion, the Event Tickets market in Spain has experienced significant growth due to customer preferences for unique experiences, the rise of digital ticketing platforms, the country's vibrant cultural scene, and improving macroeconomic conditions. As these factors continue to drive demand, the market is expected to further expand in the coming years.

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.