Key regions: Europe, France, Asia, United Kingdom, Germany
The Cinema market in Israel has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.
Customer preferences: Israeli consumers have shown a growing interest in cinema, with a strong demand for both local and international films. This can be attributed to several factors, including the increasing popularity of film festivals and the availability of a wide range of genres and languages. Additionally, the rise of streaming platforms has also contributed to the growth of the cinema market, as it has created a desire for a more immersive and communal movie-watching experience.
Trends in the market: One of the key trends in the Israeli cinema market is the increasing number of multiplexes and luxury theaters. This trend reflects the growing demand for a premium movie-watching experience, characterized by comfortable seating, advanced audiovisual technology, and a wide selection of food and beverages. Furthermore, there has been a rise in the number of theaters offering unique experiences such as 3D and IMAX screenings, as well as specialty screenings for specific audiences, such as children or seniors.
Local special circumstances: Israel's unique cultural landscape has also contributed to the development of the cinema market. The country has a vibrant film industry, with a growing number of Israeli films gaining international recognition. This has not only increased the demand for local films within Israel but has also attracted international filmmakers and distributors to the Israeli market. Additionally, the Israeli government has been actively supporting the film industry through various funding programs and initiatives, further fueling the growth of the cinema market.
Underlying macroeconomic factors: The overall economic stability and increasing disposable income of the Israeli population have also played a role in the development of the cinema market. As the economy continues to grow, more people are able to afford the luxury of going to the movies regularly. Furthermore, the Israeli population has a high literacy rate and a strong interest in arts and culture, which contributes to the demand for cinema. In conclusion, the Cinema market in Israel is experiencing significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. With a strong demand for both local and international films, the market has seen an increase in multiplexes and luxury theaters, offering a premium movie-watching experience. The country's vibrant film industry and government support have also contributed to the growth of the market. Overall, the cinema market in Israel is expected to continue expanding as customer preferences evolve and the economy continues to prosper.
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.
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