The sports events segment is expected to account for a major share of the global secondary tickets market size.
The global secondary tickets market size is expected to grow at a CAGR of 8.70% during the forecast period. Based on event type the global secondary tickets market has been segmented into Sports events, Concerts, Performing arts, and Movies.
The sports events segment is expected to account for a major share of the global secondary tickets market size, owing to the popularity of sports such as football, rugby, soccer, cricket, baseball, and tennis. There has been a growth in the number of attendees for sports events such as the National Football League (NFL), MLB, Union of European Football Associations (UEFA) Champions League, and Super Bowl. A rise in the number of attendees is increasing the sales of secondary tickets. Secondary ticket sellers resell tickets purchased from primary ticket sellers, including official team or league websites and box offices.
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Season ticket holders drive the sports events segment. They buy a subscription for the entire or part of the season and may not want to attend all the games. Such ticket holders prefer using secondary tickets platforms to resell the tickets for the games they do not intend to attend. This will help in fueling the growth of the sports events segment in the global secondary tickets market size during the forecast period.