Market Insights Digital eServices Event Tickets

Sport Events - Peru

Peru

Revenue in the Sport Events market is projected to reach €34.02m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.23%, resulting in a projected market volume of €40.15m by 2028.
In the Sport Events market, the number of users is expected to amount to 0.9m users by 2028.
User penetration will be 2.6% in 2024 and is expected to hit 2.7% by 2028.
The average revenue per user (ARPU) is expected to amount to €37.43.
In global comparison, most revenue will be generated in the United States (€15,230.00m 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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Sport Events market in Peru is experiencing significant growth and development in recent years. Customer preferences for sport events have shifted towards more interactive and immersive experiences, leading to the emergence of new trends in the market. Local special circumstances and underlying macroeconomic factors have also contributed to the growth of the sport events market in Peru.

Customer preferences: Peruvian customers are increasingly seeking unique and memorable experiences when attending sport events. They are no longer satisfied with simply watching the game; they want to be actively engaged in the event. As a result, sport event organizers in Peru have started to incorporate interactive elements such as fan zones, live music performances, and interactive games to enhance the overall experience. This shift in customer preferences has led to an increase in attendance and ticket sales for sport events in Peru.

Trends in the market: One of the key trends in the sport events market in Peru is the rise of eSports. eSports, or competitive video gaming, has gained a significant following in recent years, particularly among younger generations. Peruvian customers are showing a growing interest in eSports tournaments and competitions, leading to the organization of dedicated eSports events in the country. This trend is expected to continue as the popularity of eSports continues to grow worldwide. Another trend in the market is the increasing focus on sustainability and social responsibility. Sport event organizers in Peru are recognizing the importance of minimizing their environmental impact and giving back to the local community. They are implementing initiatives such as recycling programs, carbon offsetting, and partnerships with local charities to promote sustainability and social responsibility. These initiatives not only attract environmentally conscious customers but also contribute to the overall positive image of the sport events industry in Peru.

Local special circumstances: Peru is known for its rich cultural heritage and diverse natural landscapes. This provides a unique opportunity for sport event organizers to incorporate local elements into their events and create a truly immersive experience for customers. For example, organizing a marathon race through the historic streets of Lima or hosting a surfing competition in the world-renowned waves of Chicama can attract both local and international participants. The combination of sport and culture in Peru's sport events market adds a special appeal to customers.

Underlying macroeconomic factors: Peru's growing economy and increasing disposable income have played a significant role in the development of the sport events market. As people have more money to spend on leisure activities, they are more willing to attend sport events and spend on related merchandise and services. Additionally, the government's efforts to promote tourism in Peru have also contributed to the growth of the sport events market. The country's unique attractions and cultural heritage make it an attractive destination for both domestic and international tourists, who often seek out sport events as part of their travel experience. In conclusion, the Sport Events market in Peru is experiencing growth and development driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The incorporation of interactive elements, the rise of eSports, the focus on sustainability and social responsibility, the integration of local culture, and the country's growing economy and tourism industry are all contributing to the positive trajectory of the sport events market in Peru.

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.