Sport Events - Brazil

  • Brazil
  • The Sport Events market in Brazil is projected to experience significant growth in the coming years.
  • By 2024, the market is expected to generate a revenue of €483.00m.
  • This growth is anticipated to continue at an annual rate of 2.25% from 2024 to 2028, resulting in a projected market volume of €527.90m by the end of 2028.
  • Correspondingly, the number of users in the Sport Events market in Brazil is also expected to increase.
  • It is projected to reach 8.6m users users by 2028.
  • In 2024, the user penetration rate is estimated to be 3.9%, and this is projected to slightly increase to 3.9% by 2028.
  • The average revenue per user (ARPU) in the Sport Events market in Brazil is expected to be €57.45.
  • This indicates the amount of revenue generated per individual user on average.
  • In a global comparison, in the United States is expected to generate the highest revenue in the Sport Events market, reaching €15,020.00m by 2024.
  • This highlights the significant market potential in the United States.
  • Furthermore, in Luxembourg is projected to have the highest user penetration rate in the Sport Events market, with a projected rate of 17.1%.
  • This indicates that a relatively larger proportion of the population in Luxembourg is expected to be engaged in sport events compared to other countries.
  • These projections demonstrate the promising growth and potential of the Sport Events market in Brazil, with increasing revenue, user base, and user engagement.
  • The popularity of online streaming platforms for live sports events in Brazil has surged, indicating a shift towards digital consumption in the eServices market.

Key regions: India, Brazil, Germany, South Korea, China

 
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Analyst Opinion

The Sport Events market in Brazil has been experiencing significant growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
Brazilian customers have shown a strong preference for attending and participating in sport events. The country has a rich sporting culture, with football being the most popular sport. Brazilians are passionate about their teams and often attend matches in large numbers, creating a vibrant and energetic atmosphere. Additionally, there is a growing interest in other sports such as volleyball, basketball, and motorsports, which has further fueled the demand for sport events.

Trends in the market:
One of the key trends in the sport events market in Brazil is the increasing popularity of international tournaments and competitions. Brazil has hosted several major sporting events in recent years, including the FIFA World Cup and the Olympic Games. These events have attracted a significant number of tourists and generated a substantial economic impact. As a result, there has been an increase in the number of international sport events being organized in Brazil, which has further boosted the market. Another trend in the market is the rise of digital platforms for streaming and broadcasting sport events. With the advancement of technology and the widespread availability of high-speed internet, more people are choosing to watch sport events online. This trend has led to the emergence of various digital platforms that offer live streaming services, allowing fans to watch their favorite sport events from the comfort of their homes or on the go.

Local special circumstances:
Brazil is known for its vibrant and diverse culture, which has a significant influence on the sport events market. The country's love for music, dance, and celebration is often integrated into sport events, creating a unique and festive atmosphere. For example, during football matches, fans often sing and dance to traditional Brazilian music, adding to the excitement and passion of the game. This cultural aspect of sport events in Brazil sets it apart from other markets and contributes to its appeal.

Underlying macroeconomic factors:
The growth of the sport events market in Brazil is also influenced by underlying macroeconomic factors. Brazil is the largest economy in Latin America and has a growing middle class with increasing disposable income. This has resulted in higher consumer spending on leisure activities, including sport events. Additionally, the government has been investing in the development of sports infrastructure and facilities, which has attracted both domestic and international sport events to the country. In conclusion, the Sport Events market in Brazil is experiencing significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The passion for sports, the popularity of international tournaments, the rise of digital platforms, the vibrant culture, and the growing middle class are all contributing to the development of the market. With continued investment in sports infrastructure and the hosting of major events, the sport events market in Brazil is expected to continue thriving 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.

Visión general

  • Revenue
  • Demographics
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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