The ticket market size is expected to post an incremental growth of USD 93.24 billion, decelerating at a CAGR of 14.74%, over the next five years. 38% of the market's growth will originate from North America during the forecast period. The success of movies due to the increasing use of animation is one of the primary factors driving the growth of the ticket market.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Sample Analysis Report
Ticket Market: Market Segments and Key Trends
The ticket market is segmented by Source(Primary, Secondary), Type (Movies, Sporting events, Concerts, and Performing arts), and Geography (North America, Europe, APAC, South America, and MEA).
The primary source segment will have lucrative growth in the ticket market during the forecast period. The increasing number of movie releases will drive boost the ticket market growth in the next five years. In addition, the increasing number of professional events, such as exhibitions and live music events, and sports events, is driving the growth of this segment.
North America led the market with 36% of the market growth. The popularity of sports events will facilitate the ticket market growth in North America over the forecast period. US and Canada are the key markets for tickets in North America. Market growth in this region will be faster than the growth of the market in other regions.
The high utilization of social media is a ticket market trend that is expected to have a positive impact in the coming years. Ticket counterfeiting is one of the challenges that will need to be overcome to drive growth.
Vendor Analysis: Ace Ticket Worldwide Inc., Atom Tickets LLC and TiqIQ LLC are key growth contributors
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
6Connex, Alliance Tickets, AMC Entertainment Holdings Inc., Anschutz Entertainment Group, Atom Tickets LLC, Bigtree Entertainment Pvt. Ltd., Cinemark Holdings Inc., Cineplex Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, Comcast Corp., CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Festicket Ltd., Ideabud Inc., Live Nation Entertainment Inc., One97 Communications Ltd., TickPick LLC, and Viagogo AG among others. are some of the major market participants.
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Ticket Market: Key Highlights of the Report for 2022-2026
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