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Saudi Arabia Sports Bars Market

Saudi Arabia Sports Bars Market

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Saudi Arabia Sports Bars Market, By Type of Sports Bar (Standalone Sports Bars, Sports Bars within Hotels, Casual Dining Restaurants with a Sports Bar Area); By Location (Major Cities (Riyadh, Jeddah, Dammam), Suburban Areas, Tourist Destinations); By Target Audience (Expatriates, Young Adults (aged 21–35 Years), Families); By Service Offerings (Food & Beverages, Entertainment, Additional Amenities), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: June 2024
  • Report ID: BWC24434
  • Available Format: PDF
  • Page: 200

Report Overview

Rising sports viewership, increasing disposable income, Western lifestyle influences, growing tourism, and government initiatives promoting entertainment and leisure sectors are key driving factors of Saudi Arabia Sports Bars Market during the forecast period between 2024 and 2030.

Saudi Arabia Sports Bars Market – Industry Trends & Forecast Report, 2030

Saudi Arabia Sports Bars Market size by value was estimated at USD 175.23 million in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Sports Bars Market size is expected to expand at a CAGR of 6.19% reaching a value of USD 196.63 million by 2030. The growth of the Saudi Arabia Sports Bars Market is driven by rapid urbanization, rising disposable incomes, and a growing youth population with a heightened interest in sports. Government initiatives promoting tourism and entertainment, such as Vision 2030, have also spurred the expansion of the market. Additionally, the proliferation of international sporting events and the popularity of global sports leagues have created demand for venues offering live sports viewing experiences. The increasing number of expatriates and a shift towards Western leisure activities further contribute to the market's development. Enhanced hospitality infrastructure and evolving consumer preferences for social dining experiences are also key drivers.

Saudi Arabia Sports Bars Market

Sports Bars – Overview

Sports bars are social hubs where patrons gather to watch sporting events on big screens while enjoying food and drinks. These establishments typically feature a lively atmosphere, with cheering fans, sports memorabilia, and themed decor. They offer a variety of beverages, including beer on tap and cocktails, along with classic bar food like burgers, wings, and nachos. Many sports bars also host special events, such as game-day promotions, trivia nights, and fantasy league meetups, fostering a sense of community among sports enthusiasts. Whether for catching the game or socializing with friends, sports bars provide an immersive experience for fans of all ages.

Saudi Arabia Sports Bars Market

Growth Drivers

Broadening Sports Fanbase Fueling Market Growth

The burgeoning sports fanbase in Saudi Arabia, driven by heightened interest in football and major sports events, is significantly propelling the growth of the Sports Bars Market in the Kingdom. The Saudi Government’s supportive initiatives to diversify the economy, including investments in sports infrastructure and hosting international tournaments, have spurred public enthusiasm for sports. Consequently, the demand for venues offering vibrant viewing experiences, such as sports bars, has surged. The trend is amplified by a growing youth population eager for social and recreational activities, further cementing the sports bar industry's expansion across the Kingdom.

Challenges

Capital Cultural and Religious Factors

Saudi Arabian Sports Bars Market faces significant growth restraint due to the Kingdom's deeply ingrained cultural and religious norms. Predominantly Islamic, Saudi society adheres to Sharia law, which prohibits alcohol consumption and promotes conservative social behaviors. These restrictions limit the appeal and functionality of sports bars, traditionally associated with alcohol and social gatherings. Additionally, public entertainment venues must navigate stringent regulations and social expectations, further challenging the development of a thriving sports bar market. Despite recent reforms aimed at modernization, these cultural and religious factors may continue to impede the market growth.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Sports Bars Market

Escalating geopolitical tensions, such as conflicts in the Middle East and strained United States-Saudi relations, significantly impact the Saudi Arabia Sports Bars Market. These tensions can lead to economic instability, reducing disposable income and discretionary spending among potential patrons. For instance, the 2019 drone attacks on Saudi oil facilities caused a temporary surge in oil prices and economic uncertainty. Additionally, travel advisories and reduced foreign investments can result in fewer tourists, a key customer base for sports bars. The political climate may also affect international sports broadcasts, limiting content availability. However, government initiatives to diversify the economy through Vision 2030, including boosting tourism and entertainment sectors, may help mitigate some negative impacts.

Saudi Arabia Sports Bars Market

Segmental Coverage

Saudi Arabia Sports Bars Market – By Type

On the basis of type, the Saudi Arabia Sports Bars Market is divided into Standalone Sports Bars, Sports Bars in Hotels, and Casual Dining Restaurants with Sports Bar Area segments. Casual dining restaurant with a sports bar area is the largest segment in the Saudi Arabia Sports Bars Market by type. Restaurants with a sports bar area offer a combination of dining and sports entertainment, providing a relaxed atmosphere for patrons to enjoy both food and sports events. The segment caters to a diverse audience, appealing to those seeking a social outing with friends or family while also keeping up with their favorite sports teams. With its versatile appeal and varied offerings, casual dining restaurants with sports bar areas hold a prominent position in the Saudi Arabia Sports Bar Market landscape.

Saudi Arabia Sports Bars Market Share

Saudi Arabia Sports Bars Market – By Location

Based on location, Saudi Arabia Sports Bars Market is divided into Major cities (Riyadh, Jeddah, and Dammam), Suburban Areas, and Tourist Destinations segments. The major cities segment, specifically Riyadh, Jeddah, and Dammam, holds largest market share. These urban centers are the primary hubs for sports enthusiasts and expatriates, driving higher demand for sports bars. The concentration of wealth, larger populations, and more developed infrastructure in these cities contribute to their dominance in the market. Riyadh, as the capital and largest city, leads the segment, followed closely by Jeddah, a key commercial center, and Dammam, a significant city in the Eastern Province known for its vibrant expat community and thriving social scene.

Saudi Arabia Sports Bars Market Size

Saudi Arabia Sports Bars Market – By Target Audience

Based on target audience, Saudi Arabia Sports Bars Market is divided into Expatriates, Young Adults (aged 21–35 years), and Families segments. Expatriates are the largest target audience in the Saudi Arabia Sports Bars Market. This demographic, comprising individuals living and working temporarily in the country, constitutes a significant portion of the market's clientele. Their diverse backgrounds and interests contribute to a vibrant atmosphere in sports bars. While young adults represent another key demographic, drawn to the social scene and entertainment options, families form a smaller yet notable segment, often seeking family-friendly environments. However, it is the expatriates segment that stands out for its size and influence in shaping the dynamics of the Saudi Arabia Sports Bars Market.

Saudi Arabia Sports Bars Market – By Service Offerings

Based on service offerings, Saudi Arabia Sports Bars Market is divided into Food & Beverages, Entertainment, and Additional Amenities segments. The food & beverage services segment holds the largest market share in the Saudi Arabia Sports Bars Market by service offerings. The segment encompasses the primary offerings of food and drinks, which are essential components of the sports bar experience. It includes a wide array of menu options ranging from appetizers to main courses, alongside a variety of beverages to cater to different preferences. The food & beverages segment plays a pivotal role in attracting patrons and ensuring their satisfaction, making it a cornerstone of success for sports bars in Saudi Arabia.

Saudi Arabia Sports Bars Market Trend

Competitive Landscape

Major players in the Saudi Arabia Sports Bars Market include Champions Sports Bar, Blue Ribbon Sports Bar & Grill, The Hub Sports Bar, Station 7 Sports Lounge, Buffalo Wings & Rings, The Score Sports Bar, Route 66 Sports Bar, Time Out Sports Café, Latitude 24 Sports Bar, and Players’ Lounge. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

By Value - USD Million 

Market Coverage

Saudi Arabia

Product/Service Segmentation

Type of Sports Bar, Location, Target Audience, Service Offerings

Key Players

Champions Sports Bar, Blue Ribbon Sports Bar & Grill, The Hub Sports Bar, Station 7 Sports Lounge, Buffalo Wings & Rings, The Score Sports Bar, Route 66 Sports Bar, Time Out Sports Café, Latitude 24 Sports Bar, Players’ Lounge

 

 

By Type Of Sports Bar

  • Standalone Sports Bars

  • Sports Bars within Hotels

  • Casual Dining Restaurants with a Sports Bar Area

By Location

  • Major Cities (Riyadh, Jeddah, Dammam)

  • Suburban Areas

  • Tourist Destinations

By Target Audience

  • Expatriates

  • Young Adults (Aged 21–35 Years)

  • Families

By Service Offerings

  • Food & Beverages

  • Entertainment

  • Additional Amenities

  1. Research Framework
    1. Research Objective
    2. Type of Sports Bar Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Sports Bars Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Youth Population
        2. Increasing Sports Fanbase
        3. Economic Diversification
      2. Restraints
        1. Capital Cultural and Religious Factors
        2. Limited Entertainment Options
      3.  Opportunities
        1. Alcohol-Free Sports Bars
        2. Focus on Family-Friendly Environment
        3. E-Sports and Gaming
      4. Challenges
        1. Developing Regulations
        2. Competition from Existing Establishments
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Sports Bars Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type of Sports Bar
        1. Standalone sports bars
        2. Sports bars within hotels
        3. Casual dining restaurants with a sports bar area
      2. By Location
        1. Major cities (Riyadh, Jeddah, Dammam)
        2. Suburban areas
        3. Tourist destinations
      3. By Target Audience
        1. Expatriates
        2. Young adults (21-35)
        3. Families
      4. By Service Offerings
        1. Food and Beverage
        2. Entertainment
        3. Additional Amenities

 Competitive Landscape

    1. List of Key Players and Their Offerings
    2. Saudi Arabia Sports Bars Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  1. Impact of Escalating Geopolitical Tensions on Saudi Arabia Sports Bars Market
  2. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Champions Sports Bar
    2. Blue Ribbon Sports Bar & Grill
    3. The Hub Sports Bar
    4. Station 7 Sports Lounge
    5. Buffalo Wings & Rings
    6. The Score Sports Bar
    7. Route 66 Sports Bar
    8. Time Out Sports Café
    9. Latitude 24 Sports Bar
    10. Players’ Lounge
    11. Other Prominent Players
  3. Key Strategic Recommendations
  4. Research Methodology
    1.   Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.   Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Saudi Arabia Sports Bars Segmentation                 

Figure 2       Saudi Arabia Sports Bars Market Value Chain Analysis               

Figure 3       Company Market Share Analysis, 2022         

Figure 4       Saudi Arabia Sports Bars Market Size, By Value (USD Million), 2019–2030              

Figure 5       Saudi Arabia Sports Bars Market Share, By Type of Sports Bar, By Value, 2019–2030          

Figure 6       Saudi Arabia Sports Bars Market Share, By Location, By Value, 2019–2030             

Figure 7       Saudi Arabia Sports Bars Market Share, By Target Audience, By Value, 2019–2030         

Figure 7       Saudi Arabia Sports Bars Market Share, By Service Offerings, By Value, 2019–2030           

 

List of Tables

 

Table 1         Saudi Arabia Sports Bars Market Size, By Value (USD Million), 2019–2030   

Table 2         Saudi Arabia Sports Bars Market Size, By Type of Sports Bar, By Value, 2019–2030 

Table 3         Saudi Arabia Sports Bars Market Size, By Location, By Value, 2019–2030      

Table 4         Saudi Arabia Sports Bars Market Size, By Target Audience, By Value, 2019–2030

Table 5          Saudi Arabia Sports Bars Market Share, By Service Offerings, By Value, 2019–2030 

Table 6          Champions Sports Bar Company Overview

Table 7          Champions Sports Bar Financial Overview

Table 8          Blue Ribbon Sports Bar & Grill Company Overview

Table 9          Blue Ribbon Sports Bar & Grill Financial Overview

Table 10        The Hub Sports Bar Company Overview

Table 11       The Hub Sports Bar Financial Overview

Table 12       Station 7 Sports Lounge Company Overview

Table 13       Station 7 Sports Lounge Financial Overview

Table 14        Buffalo Wings & Rings Company Overview

Table 15        Buffalo Wings & Rings Financial Overview

Table 16       The Score Sports Bar Company Overview

Table 17       The Score Sports Bar Financial Overview

Table 18       Route 66 Sports Bar Company Overview

Table 19       Route 66 Sports Bar Financial Overview

Table 20       Time Out Sports Café Company Overview

Table 21       Time Out Sports Café Financial Overview

Table 22        Latitude 24 Sports Bar Company Overview

Table 23       Latitude 24 Sports Bar Financial Overview

Table 24       Players’ Lounge Company Overview

Table 25       Players’ Lounge Financial Overview

 

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Saudi Arabia Sports Bars Market size by value was estimated at USD 175.23 million in 2023.
Ans: The Saudi Arabia Sports Bars Market by value is expected to grow at a CAGR of 6.19% during the forecast period between 2024 and 2030.
Ans: The Saudi Arabia Sports Bars Market size is forecast to reach a value of USD 196.63 million by 2030.
Ans: The growth of the Saudi Arabia Sports Bars Market is primarily driven by rising sports viewership, increasing disposable income, Western lifestyle influences, growing tourism, and government initiatives promoting entertainment and leisure sectors.
Ans: The casual dining restaurant with a sports bar area is the type of sports bar that accounts for the highest market share in the Saudi Arabia Sports Bars Market by type of sports bar.
Ans: The major cities account for the highest market share in the Saudi Arabia Sports Bars Market by location.