Box Office - Bahrain

Bahrain

Highlights

In Bahrain, revenue in the Box Office market market is projected to reach US$19.27m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.91%, leading to a projected market volume of US$24.49m by 2029.
Within the Box Office market market in Bahrain, the number of viewers is anticipated to amount to 590.9k users by 2029.
User penetration in Bahrain will be 34.4% in 2024 and is expected to increase to 37.8% by 2029.
The average revenue per viewer in Bahrain is expected to be US$37.36.
In global comparison, the majority of revenue will be generated the United States (US$10.14bn in 2024).
Bahrain's box office market is experiencing a resurgence as local filmmakers gain prominence, attracting audiences with culturally resonant narratives.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Box Office market in Bahrain has been experiencing steady growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Bahraini audiences have shown a strong preference for international films, particularly Hollywood blockbusters. This can be attributed to the global popularity of these films and their widespread marketing campaigns. Additionally, Bahraini moviegoers appreciate a wide variety of genres, ranging from action and adventure to romantic comedies and animated films. This diverse taste in films has contributed to the growth of the Box Office market in Bahrain.

Trends in the market: One significant trend in the Box Office market in Bahrain is the increasing popularity of 3D films. The immersive experience offered by 3D technology has attracted a large number of moviegoers, leading to higher ticket sales and revenue. Additionally, the rise of streaming platforms and online ticket booking systems has made it more convenient for Bahraini audiences to access and watch movies in theaters. This trend has further boosted the Box Office market in Bahrain.

Local special circumstances: Bahrain's small size and high population density make it easier for movie theaters to attract a large number of customers. The close proximity of theaters to residential areas and commercial centers allows for easy access to movie screenings. Furthermore, the multicultural nature of Bahrain's population, with a significant expatriate community, contributes to the diverse range of films being shown in theaters. This multicultural environment has created a demand for films from different countries and cultures, further driving the growth of the Box Office market in Bahrain.

Underlying macroeconomic factors: Bahrain's strong economy and high disposable income levels have played a significant role in the growth of the Box Office market. With a relatively high standard of living, Bahraini audiences have the financial means to spend on entertainment, including movie tickets. Additionally, the government's focus on developing the entertainment sector, including the construction of modern cinema complexes, has provided a conducive environment for the growth of the Box Office market. In conclusion, the Box Office market in Bahrain is experiencing steady growth due to customer preferences for international films, the popularity of 3D technology, the convenience of online ticket booking, local special circumstances such as the proximity of theaters and the multicultural population, and underlying macroeconomic factors such as a strong economy and high disposable income levels. These factors have contributed to the increasing success of the Box Office market in Bahrain.

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.