Online Event Ticket Sales Market Research Report | Online Retail | Online Lifestyle Services | May 2014
Volume cranked: Higher incomes and a focus on customization will drive ticket sales
Industry Analysis & Industry Trends
While spending on concerts and other events slowed during the recession, the growing popularity of the internet has boded well for the size and profitability of the industry. Many existing participants are expanding their product and service offerings and extending their reach, and new entrants are catering to niche audiences and clients. As the economy slowly rebounds and consumers start to loosen their purse strings over the next five years, the number of event tickets purchased online will rise as well....
Industry Report - Industry SWOT Analysis Chapter
The Online Event Ticket Sales industry is in the mature stage of its life cycle, highlighted by its steady growth of industry value added (IVA). IVA is a measure of the industry's contribution to the US economy. Over the 10 years to 2019, IBISWorld expects industry IVA to grow at an average annual rate of 5.0%, slightly faster than GDP growth of 2.7% per year on average during the same period.
The number of industry participants has grown at a slow 2.1% annualized pace over the five years to 2014 and is expected to slow further to 1.9% per year on average over the five years to 2019. Although the number of websites selling tickets is increasing, existing operators are consolidating to maximize returns...