Market Insights Advertising & Media Media Cinema

Box Office - Central & Western Europe

Central & Western Europe

In Central & Western Europe, revenue in the Box Office market market is projected to reach US$5.67bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.82%, resulting in a projected market volume of US$6.84bn by 2029.
In this region's Box Office market market, the number of viewers is expected to amount to 163.6m users by 2029.
User penetration will be 44.5% in 2024 and is anticipated to hit 48.8% by 2029.
The average revenue per viewer is expected to amount to US$37.97.
In a global context, the majority of revenue will be generated the United States, with a figure of US$10,140.00m in 2024.
In Central and Western Europe, Germany's box office is witnessing a resurgence driven by a growing appetite for domestic productions and diverse genres.

Key regions: South Korea, United Kingdom, Germany, United States, Europe

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Analyst Opinion

The Box Office market in Central & Western Europe has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Central & Western Europe have played a key role in the development of the Box Office market. Moviegoers in this region have shown a strong preference for a wide variety of genres, from Hollywood blockbusters to independent films and local productions. This diverse range of preferences has contributed to the overall growth of the market, as it has created a demand for a diverse selection of films. Trends in the market have also contributed to its growth. One notable trend is the increasing popularity of digital cinema. The adoption of digital technology in movie theaters has allowed for a higher quality viewing experience and has made it easier for theaters to showcase a wider range of films. Additionally, the rise of streaming platforms has created new opportunities for the Box Office market, as many consumers still prefer the communal experience of watching a film in a theater. Local special circumstances have also played a role in the development of the Box Office market in Central & Western Europe. For example, some countries in the region have implemented policies to promote and support their local film industries. This has led to an increase in the production and distribution of domestic films, which in turn has contributed to the growth of the Box Office market. Underlying macroeconomic factors have also had an impact on the Box Office market in Central & Western Europe. Economic stability and disposable income levels have a direct influence on consumer spending, including on entertainment such as going to the movies. As the region has experienced economic growth and rising incomes in recent years, more people have had the means to spend on leisure activities, including visiting the Box Office. In conclusion, the Box Office market in Central & Western Europe has been experiencing growth due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The diverse preferences of moviegoers, the adoption of digital cinema, the support for local film industries, and the region's economic stability have all contributed to the development of the market. As these factors continue to evolve, the Box Office market in Central & Western Europe is likely to see further growth in the coming years.

Methodology

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.