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Sport Events - Fiji

Fiji

Revenue in the Sport Events market is projected to reach €123.10k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.78%, resulting in a projected market volume of €127.00k by 2028.
In the Sport Events market, the number of users is expected to amount to 12.1k users by 2028.
User penetration will be 1.3% in 2024 and is expected to hit 1.3% by 2028.
The average revenue per user (ARPU) is expected to amount to €10.52.
In global comparison, most revenue will be generated in the United States (€15,080.00m in 2024).
With a projected rate of 17.1%, the user penetration in the Sport Events market is highest in Luxembourg.

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

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Analyst Opinion

The Sport Events market in Fiji is experiencing significant growth and development in recent years.

Customer preferences: Fijians have always had a strong passion for sports, with rugby and soccer being the most popular sports in the country. The local population enjoys watching and participating in these sports, and there is a high demand for live sporting events. Additionally, Fijians are known for their warm hospitality and love for outdoor activities, making sports events an ideal form of entertainment for both locals and tourists.

Trends in the market: One of the key trends in the Sport Events market in Fiji is the increasing number of international sporting events being hosted in the country. Fiji's stunning natural landscapes and favorable climate make it an attractive destination for sports teams and organizers from around the world. This trend has been further fueled by the government's efforts to promote sports tourism in the country, which has resulted in a boost in the number of international visitors attending sporting events in Fiji. Another trend in the market is the growing popularity of niche sports events. While rugby and soccer remain the most popular sports in Fiji, there has been a rise in the popularity of niche sports such as surfing, sailing, and beach volleyball. These sports not only attract local participants but also draw international athletes and spectators, contributing to the overall growth of the sport events market in Fiji.

Local special circumstances: Fiji's geographical location in the South Pacific makes it an ideal destination for water-based sports events. The country's pristine beaches and crystal-clear waters provide the perfect backdrop for water sports such as surfing, sailing, and swimming competitions. The government has recognized this advantage and has actively supported the development of water-based sports events, attracting both local and international participants.

Underlying macroeconomic factors: The growth of the Sport Events market in Fiji can also be attributed to the country's strong economic performance in recent years. Fiji has seen steady economic growth, which has resulted in increased disposable income for its citizens. This has led to higher spending on leisure activities, including attending sports events. Additionally, the government's focus on infrastructure development has improved the accessibility and quality of sports venues, further driving the growth of the market. In conclusion, the Sport Events market in Fiji is experiencing significant growth and development due to customer preferences for live sports events, the increasing number of international sporting events, the popularity of niche sports, the country's special circumstances for water-based sports, and the underlying macroeconomic factors such as strong economic performance and infrastructure development. This trend is expected to continue in the coming years, further boosting the sport events market in Fiji.

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.