The Secondary Tickets Market involves the buying and selling of event tickets in a resale marketplace, distinct from the primary sale by event organizers. This market facilitates the exchange of tickets between individuals or platforms after the initial release by organizers.
The Secondary Tickets Market is estimated to grow by USD 50.14 billion deccelerating at a CAGR of 20.96% between 2022-2027. The report encompasses industry forecasts for the Secondary Tickets Market, with segmentation based on Type (sports events, concerts, performing arts, and movies), Mode Of Booking (online and offline), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Additionally, Technavio provides valuable insights through parent market analysis, company analysis, forecast values, and market opportunities. The report also thoroughly analyzes historical market data from 2017 to 2022. Get a sample copy of the Secondary Tickets Market report at no cost.
Secondary Tickets Market companies:
Key companies included in this report:
Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc. and Vivid Seats Inc. Download Sample before buying
Secondary Tickets Market Dynamics:
The escalating demand for sports events acts as a significant driver of the Secondary Tickets Market. Factors such as ticket resellers, secondary market tickets, ticket brokers, resale platforms, event ticketing, seat reselling, ticket scalping, secondary ticket exchanges, resale market, ticket pricing, verified resale, ticket inventory, ticket authentication, price speculation, and adherence to scalper regulations collectively contribute to the market’s growth. This rise in popularity reflects the dynamic landscape and evolving consumer preferences within the ticketing industry.
Trend – The incorporation of dynamic pricing stands out as a significant trend in the Secondary Tickets Market. For complete insights on market trends, and opportunities and rest dynamics data buy the full report
Related inquiries
What is a Secondary Tickets Market?
The Secondary Tickets Market involves the buying and selling of event tickets in a resale marketplace, distinct from the primary sale by event organizers. This market facilitates the exchange of tickets between individuals or platforms after the initial release by organizers.
How big is the Secondary tickets market?
The Secondary ticket market is estimated to grow by USD 50.14 billion at a CAGR of 20.96% between 2023 and 2027, indicating substantial growth and economic significance in the buying and selling of event tickets in the resale market.
What is the difference between primary and secondary tickets?
Primary tickets are initially sold by event organizers, while secondary tickets are resold by individuals or platforms after the primary sale. The key distinction lies in the ownership and origin of the tickets, with secondary tickets entering the market through resale channels.
What is a secondary resale market?
A secondary resale market is a platform for individuals to buy and sell items, such as event tickets, that have already been sold once in the primary market. It allows for transactions beyond the initial sale period, providing opportunities for individuals to access tickets for events that may be sold out or in high demand.
What are the disadvantages of the Secondary Tickets Market?
Disadvantages of the Secondary ticket market include potential difficulties in obtaining refunds for primary tickets, concerns about dynamic pricing, and challenges related to scalping activities and overpricing. These factors may impact the overall consumer experience and fairness in ticket distribution.
Key Findings of the Secondary Tickets Market | Technavio
- Compound Annual Growth Rate (CAGR) anticipated for the market throughout the forecast period.
- In-depth insights into the factors poised to propel market growth from 2023 to 2027.
- Precise assessment of the market’s size and its contribution to the parent market.
- Accurate forecasts regarding emerging trends and shifts in consumer behavior.
- Examination of market industry expansion across APAC, North America, Europe, South America, and the Middle East and Africa.
- Thorough scrutiny of the market’s competitive landscape, providing detailed information about companies.
- Comprehensive analysis of factors that may pose challenges to the growth of market entities.
Related Reports:
The smart ticketing market size is estimated to grow at a CAGR of 11.8% between 2023 and 2028. The market size is forecast to increase by USD 13,023.68 million.
The ticket market is projected to reach a value of USD 337.8 billion in 2027 with a decline CAGR of 19.82% between 2022 and 2027.
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