Cinema - Croatia

  • Croatia
  • In Croatia, revenue in the Cinema market is projected to reach US$23.98m in 2024.
  • This revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 4.87%, leading to a projected market volume of US$30.41m by 2029.
  • By 2029, the number of viewers in the Cinema market in Croatia is anticipated to amount to 1.0m users.
  • User penetration in Croatia will be 21.0% in 2024, with expectations of reaching 24.9% by 2029.
  • The average revenue per viewer in Croatia is expected to be US$28.66.
  • In a global context, the most revenue will be generated the United States, which is projected to reach US$20,980.00m in 2024.
  • Croatia's cinema market is witnessing a resurgence as local films increasingly gain critical acclaim and attract a diverse audience, rejuvenating the industry.

Key regions: Europe, France, Asia, United Kingdom, Germany

 
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Analyst Opinion

The Cinema market in Croatia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Cinema market in Croatia have shifted towards a more immersive and high-quality movie experience. Moviegoers are increasingly seeking out theaters that offer state-of-the-art technology, comfortable seating, and premium amenities such as reclining seats and gourmet concessions. This preference for a premium movie experience has led to the rise of luxury cinema chains and the renovation of existing theaters to meet these demands. Trends in the market also play a significant role in the development of the Cinema market in Croatia. One notable trend is the increasing popularity of international films, particularly from Hollywood. Croatian audiences are drawn to the high production values, special effects, and star-studded casts that these films offer. This trend has led to a greater emphasis on international film distribution and the screening of blockbuster movies in theaters across the country. Local special circumstances have also contributed to the growth of the Cinema market in Croatia. The country's rich cultural heritage and vibrant film industry have fostered a strong appreciation for cinema among the population. Croatia has a long history of film production, with renowned filmmakers and actors emerging from the country. This cultural affinity for cinema has created a supportive environment for the growth of the market, as both local and international films are embraced by Croatian audiences. Underlying macroeconomic factors have also played a role in the development of the Cinema market in Croatia. The country's improving economy and rising disposable incomes have allowed more people to afford movie tickets and indulge in the cinema experience. As the standard of living continues to improve, more Croatians are choosing to spend their leisure time and discretionary income on entertainment activities such as going to the movies. In conclusion, the Cinema market in Croatia is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for a premium movie experience, the popularity of international films, the cultural affinity for cinema, and the improving economy are all contributing to the growth of the market. As these factors continue to evolve, the Cinema market in Croatia is expected to experience further expansion 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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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