Box Office - Finland

Finland

Highlights

In Finland, revenue in the Box Office market market is projected to reach US$115.20m in 2024.
Revenue in this market is expected to show an annual growth rate (CAGR 2024-2029) of 3.74%, resulting in a projected market volume of US$138.40m by 2029.
In the Box Office market market in Finland, the number of viewers is expected to amount to 2.6m users by 2029.
User penetration will be 42.1% in 2024 and is expected to hit 46.1% by 2029.
The average revenue per viewer in Finland is expected to amount to US$49.24.
In global comparison, most revenue will be generated the United States (US$10.14bn in 2024).
In Finland, the box office market is increasingly dominated by local films, reflecting a growing national pride and demand for culturally resonant storytelling.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Box Office market in Finland has seen significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Finnish audiences have shown a strong preference for local content, with Finnish films consistently performing well at the box office. This is likely due to a sense of national pride and the desire to support the local film industry. Additionally, there is a growing interest in international films, particularly those with strong storytelling and high production values. Finnish audiences also appreciate a diverse range of genres, from comedies to dramas, and are willing to explore different types of films.

Trends in the market: One notable trend in the Finnish Box Office market is the increasing popularity of digital platforms for movie viewing. With the rise of streaming services and online ticketing platforms, audiences now have more options to watch films at their convenience. This trend has been further accelerated by the COVID-19 pandemic, which has led to the temporary closure of cinemas and a greater reliance on digital platforms for entertainment. Another trend is the growth of event cinema, which involves screening live performances, concerts, and special events in cinemas. This provides audiences with a unique and immersive experience, and has been successful in attracting a wider range of customers to the box office.

Local special circumstances: Finland's unique cultural landscape and strong support for the arts contribute to the success of the Box Office market. The country has a long tradition of storytelling and a vibrant film industry, which has produced internationally acclaimed directors and actors. The Finnish government also provides financial support and incentives for the film industry, which helps to foster creativity and innovation.

Underlying macroeconomic factors: The overall economic stability and high standard of living in Finland have contributed to the growth of the Box Office market. With disposable income available for entertainment purposes, audiences are more willing to spend on cinema tickets and related experiences. Additionally, Finland has a high level of digital infrastructure and internet penetration, making it easier for audiences to access films through online platforms. In conclusion, the Box Office market in Finland is experiencing growth due to customer preferences for local and international content, the popularity of digital platforms, the rise of event cinema, and the country's cultural and economic factors. As the market continues to evolve, it will be important for industry players to adapt to changing consumer behaviors and leverage new technologies to enhance the cinema experience.

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.