Secondary Ticket Market Key Players: Ticketmaster Entertainment, RazorGator, Ace Ticket Worldwide, Alliance Tickets, Coast to Coast Tickets, Tickets.com | Region, And Segment Forecasts, 2021 – 2027
Secondary Ticket Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027– Increasing growth of online secondary ticketing platforms, rising popularity of sports events and use of blockchain for ticketing are the significant factors which are driving the growth of the Global Secondary Ticket Market.
Secondary Ticket Market is valued at USD 5240.1 Million in 2020 and expected to reach USD 9702.8 Million by 2027 with a CAGR of 9.2% over the forecast period.
Some major key players for global secondary ticket market report cover prominent players like TickPick, stubHub, Ticketmaster Entertainment, RazorGator, Ace Ticket Worldwide, Alliance Tickets, Coast to Coast Tickets, Tickets.com, Gotickets. Com, Viagogo, Vivid Seats, TicketCity, TicketIQ, eBay Tickets, Ideabud Tickets and others.
Sounders FC Announced New Partnership with Ticketmaster, Marking Rave Green’s Return to the world’s Leading Ticketing Provider
December 18th, 2020; Seattle sounders FC announced that the club is partnering with Ticketmaster, making the company the club’s official ticketing partner beginning in 2021. Seattle's official main and resale ticketing platform, Ticketmaster, has replaced SeatGeek, reinstating a connection between the rave Green and the world's largest ticketing site. Sounder’s FC and Ticketmaster were partners from 2009.
Sounders FC EVP and Chief Officer Bart Wiley said that they are thrilled to return to Ticketmaster as Sounders FC’s official ticketing platform.
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Scope of Secondary Ticket Market Report:
Secondary tickets are the tickets resold for the various events such as; concerts, theaters and sporting games. When customers buy tickets from a primary seller, this means they are original tickets and the price customers pay is set by the event provider and a secondary ticket market is where customer can buy tickets from brokers or other fans that can’t use their tickets anymore.
The secondary ticket prices fluctuates far more than primary ticket prices. Tickets often fall below face value but if primary tickets are underpriced or hard to get, secondary tickets prices can cost more than face value. In this, the tickets are bought from licensed sellers and are then sold for a price determined by the individual or company in possession of tickets. When the supply of tickets for a given event available through authorized tickets sellers is depleted, the event is considered “sold out”, generally increasing the market value for any tickets on offer through secondary sellers. It is common for sport events, musical events, concerts etc. Secondary tickets give benefits to both customer or fans and seller of tickets. The websites are also available to resell of tickets. In 19th century, the term scalper was applied to railroad ticket brokers who sold tickets in lower rate.
The COVID-19 outbreak has shown a negative impact on the growth of global secondary ticket market. The events like sports, movie, concerts, and musical events are completely postponed and cancelled due to lockdown conditions. Some sport events get started but these are in the absence of audiences.
The secondary ticket market is divided into product types, application and region & country level. On the basis of product type, secondary ticket market is segmented into offline platform and online platform. On the basis of application, market is divided into sports events, concerts, performing arts, movies and others.
Secondary Ticket Market Segmentation:
By Product Type:
The regions covered in secondary ticket market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of secondary ticket is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Table of Contents:
Report Overview: It includes major players of the global Secondary Ticket market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Secondary Ticket market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Secondary Ticket market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the global Secondary Ticket market by application, it gives a study on the consumption in the global Secondary Ticket market by application.
Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.
Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.
Company Profiles: Almost all leading players of the global Secondary Ticket market are profiled in this section. The analysts have provided information about their recent developments in the global Secondary Ticket market, products, revenue, production, business, and company.
Market Forecast by Production: The production and production value forecasts included in this section are for the global Secondary Ticket market as well as for key regional markets.
Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the global Secondary Ticket market as well as for key regional markets.
Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the global Secondary Ticket market.
Key Findings: This section gives a quick look at the important findings of the research study.
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