The ticket market is estimated to grow by USD 201.02 billion from 2022 to 2027, declining at a CAGR of 19.82%. The ticket market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer ticket market are AMC Entertainment Holdings Inc., Anschutz Entertainment Group Inc., Cinemark Holdings Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, Comcast Corp., CTS Eventim AG and Co. KGaA, Cvent Inc., Eventbee Inc., Eventbrite Inc., Ideabud LLC, ITKTS Interactive Technologies Pvt. Ltd., Live Nation Entertainment Inc., Lyte Inc., One97 Communications Ltd., Softjourn Corp., TickPick LLC, Viagogo Entertainment Inc., Big Tree Entertainment Pvt. Ltd., and eBay Inc.
- North America is estimated to contribute 36% to the growth of the global market during the forecast period. The growth of the ticket market in the region is due to the growing popularity of sporting events, such as the Super Bowl, the Daytona 500 (Florida), and the NCAA National Basketball Championship, among many other events. In addition, rising box office receipts are also fueling the growth of the regional market. The US, Mexico, and Canada are the main markets in North America. The US will, by 2022, have the highest share of revenue in the ticketing market in North America. A key factor contributing to the growth of the US market is that there are many exhibition venues in this country. This market is also expected to be supported by increased growth in media, entertainment, and telecommunications; as well as education. Hence, these factors are expected to drive market growth in the region during the forecast period.
- By Type, the market is classified into segments: sporting events, movies, concerts, and performing arts. The growth in market share of the sports events segment will be substantial over the forecast period. Factors such as the growing popularity of sporting events such as football, cricket, rugby, and tennis are driving the growth of this segment. In addition, the growing number of sports leagues at the national and regional levels as well as the growing audience, is another factor driving the growth of this segment. Furthermore, the city will have modern transport infrastructure, such as a light rail system and a water taxi service. Technological advances in music and lighting techniques at live events as well as improvements in infrastructure, increase demand. Hence, these factors are expected to drive segment growth during the forecast period.
The guitar market size is estimated to grow at a CAGR of 7.75% between 2022 and 2027. The market size is forecast to increase by USD 1,950.56 million. This guitar market report extensively covers market segmentation by type (acoustic and electric), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the global guitar market growth is the growing popularity of music-related leisure activities.
The audiobook market size is estimated to grow at a CAGR of 25.32% between 2022 and 2027. The market size is forecast to increase by USD 10,910.21 million. This audiobook market report extensively covers market segmentation by channel (one-time download and subscription-based), type (fiction and non-fiction), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The proliferation of smart devices and applications is driving growth in the audiobook market
