Cinema - Eastern Asia

Eastern Asia

Highlights

In Eastern Asia, revenue in the Cinema market is projected to reach US$22.99bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.64%, resulting in a projected market volume of US$31.71bn by 2029.
In the Cinema market withEastern_Asia, the number of viewers is expected to amount to 293.8m users by 2029.
User penetration will be 16.2% in 2024 and is expected to hit 18.1% by 2029.
The average revenue per viewer in Eastern Asia is expected to amount to US$86.85.
In global comparison, most revenue will be generated the United States (US$20.98bn in 2024).
In South Korea, the cinema market is witnessing a resurgence as audiences increasingly seek immersive experiences, driving demand for innovative storytelling and advanced technology.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema market in Eastern Asia is experiencing significant growth and development. Customer preferences in the region are a key driver of this growth. Eastern Asian consumers have a strong affinity for cinema, with a high demand for both local and international films. The popularity of cinema is fueled by the region's large population and a growing middle class with increasing disposable income. Additionally, the rise of digital platforms and streaming services has made it easier for consumers to access and enjoy a wide range of films. Trends in the market reflect the changing preferences of Eastern Asian consumers. One notable trend is the increasing demand for immersive cinema experiences. Consumers are seeking out theaters that offer state-of-the-art technology, such as IMAX and 4D screenings, as well as comfortable seating and premium amenities. This trend is driven by a desire for a more engaging and memorable movie-watching experience. Another trend in the Eastern Asian cinema market is the rise of local film industries. Countries like China, South Korea, and Japan have seen a surge in the production and popularity of domestic films. This trend is driven by a combination of factors, including government support for the local film industry, the rise of talented filmmakers and actors, and the growing appeal of Eastern Asian culture both domestically and internationally. Local special circumstances also play a role in the development of the cinema market in Eastern Asia. For example, in China, the government has implemented policies to promote the growth of the domestic film industry and protect it from foreign competition. This has led to the rise of local blockbusters and increased box office revenue. In South Korea, the government has also implemented measures to support the local film industry, including tax incentives and funding for film production. Underlying macroeconomic factors are also driving the growth of the cinema market in Eastern Asia. The region's strong economic growth and increasing urbanization have led to a rise in disposable income and leisure spending. As a result, more consumers are able to afford cinema tickets and are willing to spend money on entertainment experiences. In conclusion, the Cinema market in Eastern Asia is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The region's strong affinity for cinema, increasing demand for immersive experiences, and the rise of local film industries are all contributing to this growth. Additionally, government support and favorable macroeconomic conditions are further fueling the expansion of the cinema market in Eastern Asia.

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.