Cinema - Australia & Oceania

Australia & Oceania

Highlights

In Australia & Oceania, revenue in the Cinema market is projected to reach US$1.95bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.33%, resulting in a projected market volume of US$2.29bn by 2029.
Within the Cinema market in Australia & Oceania, the number of viewers is expected to amount to 16.4m users by 2029.
User penetration will be 34.3% in 2024 and is expected to hit 35.8% by 2029.
The average revenue per viewer in Australia & Oceania is expected to amount to US$130.60.
In global comparison, most revenue will be generated the United States (US$20.98bn in 2024).
Australia's cinema market is increasingly embracing digital streaming platforms, shifting audience preferences away from traditional theater experiences and redefining entertainment consumption patterns.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema market in Australia & Oceania has been experiencing significant growth in recent years, driven by changing customer preferences and the emergence of new trends in the market. Customer preferences in the Cinema market in Australia & Oceania have shifted towards more immersive and interactive experiences. Customers are increasingly seeking out cinemas that offer state-of-the-art technology, such as high-definition screens and surround sound systems, to enhance their movie-watching experience. In addition, there is a growing demand for cinemas that offer a wide range of movie genres and cater to diverse audience preferences. This shift in customer preferences has led to the rise of multiplex cinemas, which offer multiple screens and show a variety of movies simultaneously, allowing customers to choose from a larger selection of films. One of the key trends in the Cinema market in Australia & Oceania is the increasing popularity of premium cinema experiences. Customers are willing to pay a premium price for luxury cinemas that offer additional amenities, such as reclining seats, gourmet food and beverage options, and personalized service. These premium cinemas provide a more exclusive and upscale movie-watching experience, attracting customers who are looking for a higher level of comfort and convenience. Another trend in the Cinema market in Australia & Oceania is the growing popularity of alternative content screenings. Cinemas are increasingly diversifying their offerings by screening live events, such as concerts, theater performances, and sporting events, in addition to traditional movie screenings. This trend has expanded the customer base of cinemas beyond movie enthusiasts, attracting a wider audience who are interested in experiencing live events on the big screen. Local special circumstances in the Cinema market in Australia & Oceania include the geographical spread of the region and the cultural diversity of its population. Australia & Oceania consists of numerous islands and countries, each with its own unique cinema industry and audience preferences. This diversity presents both opportunities and challenges for cinema operators, as they need to tailor their offerings to local tastes and preferences in each market. Underlying macroeconomic factors, such as population growth, disposable income levels, and tourism, play a significant role in the development of the Cinema market in Australia & Oceania. As population and disposable income levels rise, more people have the means to spend on leisure activities, including going to the cinema. Additionally, the region's popularity as a tourist destination contributes to the growth of the Cinema market, as tourists often seek out entertainment options, such as visiting local cinemas, during their travels. In conclusion, the Cinema market in Australia & Oceania is developing in response to changing customer preferences, with a focus on immersive experiences and premium offerings. The market is also seeing the emergence of new trends, such as alternative content screenings, to cater to a wider audience. Local special circumstances, such as the geographical spread and cultural diversity of the region, present both opportunities and challenges for cinema operators. Underlying macroeconomic factors, such as population growth and disposable income levels, are driving the growth of the market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.