According to a recent market study published by Growth Market Reports titled, "Global Secondary Tickets Market by event types, revenue streams and by region: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 11,707.2 Million in 2019 and is expected to grow at a healthy growth rate of 12.4% by the year 2027. The Secondary Tickets market is anticipated to grow significantly during forecast period. The adoption of secondary tickets across multiple regions is growing from last decade. Many secondary ticket vending companies are emerging with growing number of various events around the world. Moreover, increasing disposable income of people and growing penetration of internet and smartphones is driving the global secondary tickets market.

Global secondary tickets market has been fragmented based on event types, revenue streams and by region. In terms of event types, the global secondary tickets market is categorized as sports events, concerts, performing arts, movies, and others. Based on Revenue Streams, the market is classified as offline and online. By region secondary tickets market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

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The effect of COVID-19 pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is affecting several industries worldwide. The COVID-19 pandemic has slowed down or completely stopped the sales activities across secondary tickets market worldwide, the demand for secondary tickets has declined throughout the pandemic.

As events are either cancelled or are being broadcasted online around the globe during the lockdown period. The crisis is likely to force some companies to think about changing their business models. Regarding the secondary tickets market as demand has been growing at slothful growth rate during pandemic situation, secondary tickets sales has been stopped or halted and the market is expected to witness sluggish growth post COVID-19 pandemic.

As per Growth Market Reports industry analyst Rajas Shirwalkar “The increasing expenditure of people for attending various events is anticipated to drive the growth of global secondary tickets market significantly. Moreover, the rising disposable income and penetration of internet and smartphones in developing regions are anticipated to create lucrative opportunity for global secondary tickets market during forecast period.”

Key Takeaways from the Study

  • North America is expected to hold a considerable share of the market. The presence of key players of secondary tickets in the region and growing number of several different events and participants in the region are key factors propelling the market in North America during the forecast period.
  • The sports events segment held a significant share of the market in 2019. The segment is anticipated to expand at a high CAGR during the forecast period due to the increase in demand for secondary tickets for sports events. These events draw a crowd of millions of people to the event venues, which results in high demand for secondary tickets, thus boosting the growth of global secondary tickets market.
  • The secondary tickets market is highly fragmented, thus boosting the tickets prices, need supply chain management, and regional expansion for increasing consumer base, which fuels rivalry among manufacturers.

Report Scope

Report Metric

Details

Market Value in 2019

USD 11,707.2 Million

Market Growth Rate (from 2020 to 2027)

12.4%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Event Types, Revenue Streams

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

Viagogo Entertainment Inc, TicketNetwork, Live Nation Entertainment Inc., SeatGeek Inc., Gametime United Inc., Ticket City Inc., TickPick LLC., TiqIQ LLC., Vivid Seats LLC., Seetickets,
Alliance Tickets, Coast to Coast LCC.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Secondary tickets selling websites, Secondary tickets selling individuals, Primary respondents, and Distributors,
  • Demand Side: secondary tickets buying individuals.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: Federal Trade Commission (FTC), Better Online Ticket Sales Act (BOTS Act), EU Secondary Ticketing Association (EUSTA), National Association of Ticket Brokers (NATB), Association of Secondary Ticket Agents (ASTA).