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Sport Events - Mozambique

Mozambique

Revenue in the Sport Events market is projected to reach €0.64m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.79%, resulting in a projected market volume of €0.62m by 2028.
In the Sport Events market, the number of users is expected to amount to 170.1k users by 2028.
User penetration will be 0.4% in 2024 and is expected to hit 0.4% by 2028.
The average revenue per user (ARPU) is expected to amount to €4.18.
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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Sport Events market in Mozambique is experiencing significant growth and development.

Customer preferences: Customers in Mozambique have shown a growing interest in sports events, with a particular focus on football and athletics. Football is the most popular sport in the country, and Mozambicans have a strong passion for the game. This has led to an increased demand for football matches and tournaments, both at the national and international levels. Athletics is also gaining popularity, with more people participating in marathons and other running events. Additionally, there is a growing interest in other sports such as basketball, volleyball, and rugby.

Trends in the market: One of the key trends in the Sport Events market in Mozambique is the increasing number of international sporting events being hosted in the country. Mozambique has been successful in attracting major international tournaments and competitions, which has helped to boost the profile of the country as a sporting destination. This trend is expected to continue as Mozambique invests in improving its sporting infrastructure and facilities. Another trend is the rise of corporate sponsorship in the Sport Events market. Companies are recognizing the marketing and branding opportunities that come with sponsoring sports events, and are increasingly investing in these activities. This has led to an increase in the number and scale of sports events being organized in Mozambique.

Local special circumstances: Mozambique is a country with a rich sporting culture, and this has played a significant role in the development of the Sport Events market. The government of Mozambique has been actively promoting sports and investing in sports infrastructure, which has created a favorable environment for the growth of the market. Additionally, the country has a young and growing population, which is contributing to the increasing demand for sports events.

Underlying macroeconomic factors: The growth of the Sport Events market in Mozambique is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has enabled more people to participate in and attend sports events. Furthermore, Mozambique has been attracting foreign direct investment in various sectors, including sports and tourism. This has contributed to the development of sports infrastructure and the organization of international sporting events in the country. In conclusion, the Sport Events market in Mozambique is growing and developing due to customer preferences for football and athletics, the increasing number of international sporting events being hosted in the country, the rise of corporate sponsorship, the government's support for sports, and the favorable macroeconomic conditions.

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.