Secondary Tickets Market size is to grow by USD 50.14 billion growth from 2022 to 2027, Major vendors include Ace Ticket LLC., Anschutz Entertainment Group & Citizen Ticket Ltd - Technavio

NEW YORK, June 19, 2023 /PRNewswire/ -- The secondary ticket market is estimated to decline at a CAGR of 20.96% between 2022 and 2027. The market size is forecast to increase by USD 50.14 billion. North America is estimated to account for 47% of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is anticipated to contribute to a major share of the global secondary ticket market due to the increasing number of popular musicians, talent shows, sporting events, and bands in the region. In terms of revenue, the US and Canada are the major contributors to the regional secondary ticket market. Furthermore, the US holds the largest share of this market as it is backed by the largest media and entertainment industry in the world. Hence, sporting events such as the NBA, MLB, and Super Bowl are the major revenue contributors that will continue to proliferate and help the growth of the global secondary ticket market. For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Secondary Tickets Market - Vendor Landscape

The secondary ticket market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy the Report

Secondary Tickets Market - Market Dynamics

Major Drivers & Challenges-

The growth in online secondary ticketing platforms is notably driving market growth. The demand for online secondary ticketing platforms is significantly increasing, owing to the convenience of booking tickets on these platforms. The efficiency of secondary ticket allocation can be enhanced by using online platforms to make reservations. These platforms facilitate the easy exchange of information between buyers and sellers and cut down on the time and costs needed to acquire each resold ticket. Additional benefits made available on various online platforms to entice customers are anticipated to stimulate market growth. Some of the largest vendors in the global online secondary ticket market have been concentrating on strategic partnerships to allow fans to resell or purchase secondary tickets fairly and prevent overpriced tickets from being sold on unauthorized sites. hus, Such factors are likely to fuel the growth of the global market during the forecast period.

The rising initiatives among artists against sales of secondary tickets are major challenges hindering market growth. There is an upsurge in dishonest practices like ticket squatting and overpricing on the global market. However, the majority of patrons typically pay more than the face value of a ticket for concerts, sporting events, and other types of events. Customers must pay for tickets with a credit card and pick them up at the concert venue while providing accurate identification because some artists have made all ticket transactions paperless. These initiatives shield patrons and customers from extortionate secondary ticketing sites and excessive pricing. Nevertheless, during the forecast period, such initiatives are likely to impede market growth and reduce the overall profitability of various secondary ticketing platforms.

Key Trends

The use of blockchain for ticketing is an emerging trend shaping the secondary ticket market growth. The event ticketing market faces a number of significant challenges, including fraud, bots, and touts. Blockchain can be an effective tool for overcoming these problems. For secondary ticket vendors, this blockchain technology provides effective and cost-effective business operations. Through the entire value chain, from the artist or club to the buyer of the original ticket to the buyer of the resold ticket, it can make ticketing processes more transparent and effective. Some businesses in the global market are looking into the potential of blockchain technology's double-spending prevention functionality, which can be used to prevent the production of fake event tickets. Hence, an upsurge in the use of blockchain in ticketing is likely to reduce fraudulent activity and stimulate market growth for secondary tickets on a global scale during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Secondary Tickets Market - Company Profiles

The secondary tickets market report includes information on the product launches, sustainability, and prospects of leading vendors including 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.

Secondary Tickets Market - Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Secondary Tickets Market - Market Segmentation

This secondary tickets market report extensively covers market segmentation by type (sports events, concerts, performing arts, and movies), mode of booking (online and offline), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

• The market share growth by the sports events segment will be significant during the forecast period. Due to the popularity of sports like rugby, soccer, football, cricket, baseball, and tennis, the global market is expected to be dominated by the sports events segment during the forecast period. There has been an upsurge in the number of spectators at sporting events like the Super Bowl, Major League Baseball (MLB), Union of European Football Associations (UEFA) Champions League, and National Football League (NFL). The sale of secondary tickets is increasing as attendance grows and season ticket holders drive sporting events. Moreover, they purchase a subscription for all or a portion of the season, but they might not want to go to every game. By using a secondary ticket marketplace, such ticket holders prefer to resell the game and event tickets they do not plan to attend. Hence, this will contribute to the growth of the sports events segment in the global market during the forecast period,

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Related Reports:

The North American secondary ticket market is estimated to grow at a CAGR of 12.53% between 2022 and 2027. The size of the market is forecast to increase by USD 9,623.84 million. This report extensively covers market segmentation by event type (sporting events, concerts, movies, and performing arts) and channel (online resale platforms and professional brokers). The growth in online secondary ticketing platforms is notably driving market growth.

The ticket market size is estimated to decline at a CAGR of 19.82% between 2022 and 2027. The market size is forecasted to increase by USD 201.02 billion. This ticket market report extensively covers market segmentation by type (sporting events, movies, concerts, and performing arts), source (primary and secondary), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growing adoption of marketing strategies to increase ticket sales is notably driving market growth. 

Table of Contents

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Mode of Booking
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global secondary tickets market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global secondary tickets market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Mode of Booking Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Mode of Booking Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Sports events - Market size and forecast 2022-2027
• Exhibit 34: Chart on Sports events - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Sports events - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Sports events - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Sports events - Year-over-year growth 2022-2027 (%)

• 6.4 Concerts - Market size and forecast 2022-2027
• Exhibit 38: Chart on Concerts - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Concerts - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Concerts - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Concerts - Year-over-year growth 2022-2027 (%)

• 6.5 Performing arts - Market size and forecast 2022-2027
• Exhibit 42: Chart on Performing arts - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Performing arts - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Performing arts - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Performing arts - Year-over-year growth 2022-2027 (%)

• 6.6 Movies - Market size and forecast 2022-2027
• Exhibit 46: Chart on Movies - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Movies - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Movies - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Movies - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 50: Market opportunity by Type ($ billion)
• Exhibit 51: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Mode of Booking

• 7.1 Market segments 
• Exhibit 52: Chart on Mode of Booking - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Mode of Booking - Market share 2022-2027 (%)

• 7.2 Comparison by Mode of Booking 
• Exhibit 54: Chart on Comparison by Mode of Booking
• Exhibit 55: Data Table on Comparison by Mode of Booking

• 7.3 Online - Market size and forecast 2022-2027
• Exhibit 56: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.4 Offline - Market size and forecast 2022-2027
• Exhibit 60: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Mode of Booking
• Exhibit 64: Market opportunity by Mode of Booking ($ billion)
• Exhibit 65: Data Table on Market opportunity by Mode of Booking ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Canada - Market size and forecast 2022-2027
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Ace Ticket LLC 
• Exhibit 119: Ace Ticket LLC - Overview
• Exhibit 120: Ace Ticket LLC - Product / Service
• Exhibit 121: Ace Ticket LLC - Key offerings

• 12.4 Anschutz Entertainment Group Inc. 
• Exhibit 122: Anschutz Entertainment Group Inc. - Overview
• Exhibit 123: Anschutz Entertainment Group Inc. - Product / Service
• Exhibit 124: Anschutz Entertainment Group Inc. - Key offerings

• 12.5 Citizen Ticket Ltd. 
• Exhibit 125: Citizen Ticket Ltd. - Overview
• Exhibit 126: Citizen Ticket Ltd. - Product / Service
• Exhibit 127: Citizen Ticket Ltd. - Key offerings

• 12.6 Coast To Coast Tickets LLC 
• Exhibit 128: Coast To Coast Tickets LLC - Overview
• Exhibit 129: Coast To Coast Tickets LLC - Product / Service
• Exhibit 130: Coast To Coast Tickets LLC - Key offerings

• 12.7 CTS Eventim AG and Co. KGaA 
• Exhibit 131: CTS Eventim AG and Co. KGaA - Overview
• Exhibit 132: CTS Eventim AG and Co. KGaA - Business segments
• Exhibit 133: CTS Eventim AG and Co. KGaA - Key news
• Exhibit 134: CTS Eventim AG and Co. KGaA - Key offerings
• Exhibit 135: CTS Eventim AG and Co. KGaA - Segment focus

• 12.8 eBay Inc. 
• Exhibit 136: eBay Inc. - Overview
• Exhibit 137: eBay Inc. - Product / Service
• Exhibit 138: eBay Inc. - Key news
• Exhibit 139: eBay Inc. - Key offerings

• 12.9 Face-value Alliance Ticketing Ltd.
• Exhibit 140: Face-value Alliance Ticketing Ltd. - Overview
• Exhibit 141: Face-value Alliance Ticketing Ltd. - Product / Service
• Exhibit 142: Face-value Alliance Ticketing Ltd. - Key offerings

• 12.10 Ideabud LLC 
• Exhibit 143: Ideabud LLC - Overview
• Exhibit 144: Ideabud LLC - Product / Service
• Exhibit 145: Ideabud LLC - Key offerings

• 12.11 Live Nation Entertainment Inc. 
• Exhibit 146: Live Nation Entertainment Inc. - Overview
• Exhibit 147: Live Nation Entertainment Inc. - Business segments
• Exhibit 148: Live Nation Entertainment Inc. - Key offerings
• Exhibit 149: Live Nation Entertainment Inc. - Segment focus

• 12.12 SeatGeek Inc. 
• Exhibit 150: SeatGeek Inc. - Overview
• Exhibit 151: SeatGeek Inc. - Product / Service
• Exhibit 152: SeatGeek Inc. - Key offerings

• 12.13 Ticket City Inc. 
• Exhibit 153: Ticket City Inc. - Overview
• Exhibit 154: Ticket City Inc. - Product / Service
• Exhibit 155: Ticket City Inc. - Key offerings

• 12.14 TickPick LLC 
• Exhibit 156: TickPick LLC - Overview
• Exhibit 157: TickPick LLC - Product / Service
• Exhibit 158: TickPick LLC - Key offerings

• 12.15 TiqIQ LLC 
• Exhibit 159: TiqIQ LLC - Overview
• Exhibit 160: TiqIQ LLC - Product / Service
• Exhibit 161: TiqIQ LLC - Key offerings

• 12.16 Viagogo Entertainment Inc. 
• Exhibit 162: Viagogo Entertainment Inc. - Overview
• Exhibit 163: Viagogo Entertainment Inc. - Product / Service
• Exhibit 164: Viagogo Entertainment Inc. - Key offerings

• 12.17 Vivid Seats Inc. 
• Exhibit 165: Vivid Seats Inc. - Overview
• Exhibit 166: Vivid Seats Inc. - Business segments
• Exhibit 167: Vivid Seats Inc. - Key offerings
• Exhibit 168: Vivid Seats Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 169: Inclusions checklist
• Exhibit 170: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 171: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 172: Research methodology
• Exhibit 173: Validation techniques employed for market sizing
• Exhibit 174: Information sources

• 13.5 List of abbreviations 
• Exhibit 175: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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