Cinema - Brazil | Statista Market Forecast

Cinema - Brazil

Brazil

Highlights

In Brazil, revenue in the Cinema market is projected to reach US$965.70m in 2024.
Revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 4.99%, leading to a projected market volume of US$1.23bn by 2029.
By 2029, the number of viewers in the Cinema market in Brazil is expected to reach 39.7m users.
User penetration in Brazil will be 15.8% in 2024, with expectations to rise to 17.8% by 2029.
The average revenue per viewer in Brazil is projected to be US$28.03.
In a global context, the majority of revenue will be generated the United States, amounting to US$20.98bn in 2024.
Brazil's cinema industry is experiencing a resurgence, driven by a growing appetite for diverse local narratives and innovative storytelling techniques.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema market in Brazil has been experiencing significant growth in recent years, driven by various factors including changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Brazil, there has been a growing preference for cinema as a form of entertainment among the population. This can be attributed to the immersive experience that cinemas offer, with large screens, high-quality sound systems, and comfortable seating arrangements. Additionally, the availability of a wide range of movie genres and the ability to watch movies in 3D or IMAX format has further enhanced the appeal of cinema among customers. Furthermore, the emergence of online ticket booking platforms has made it more convenient for customers to purchase tickets and choose their preferred seats in advance.

Trends in the market: One of the key trends in the cinema market in Brazil is the increasing popularity of local films. Brazilian cinema has witnessed a resurgence in recent years, with a growing number of critically acclaimed and commercially successful movies being produced. This has led to a rise in the demand for local films among Brazilian audiences, who are keen to support and celebrate their own culture and talent. Additionally, the introduction of dubbing and subtitling technologies has made it easier for international films to reach a wider audience in Brazil, further diversifying the movie offerings available in cinemas.

Local special circumstances: Brazil's diverse cultural landscape and large population contribute to the unique dynamics of the cinema market. The country has a rich history of storytelling and a strong tradition of cinema-going, which has been passed down through generations. This cultural affinity for cinema has created a strong demand for movie experiences, leading to the establishment of numerous cinema chains across the country. Additionally, Brazil's tropical climate encourages indoor activities such as going to the movies, providing a conducive environment for the growth of the cinema market.

Underlying macroeconomic factors: Brazil's improving economic conditions have played a significant role in the growth of the cinema market. As the country's middle class expands and disposable incomes rise, more people have the financial means to afford cinema tickets and related expenses such as concessions. Furthermore, the increasing urbanization and infrastructure development in Brazil have resulted in the establishment of new cinema complexes in various cities, making cinema more accessible to a wider population. In conclusion, the cinema market in Brazil is witnessing a positive growth trajectory due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. With a diverse range of movie offerings and an immersive cinema experience, the market is poised for further expansion in the coming years.

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.