Cinema - Malaysia | Statista Market Forecast

Cinema - Malaysia

Malaysia

Highlights

In Malaysia, revenue in the Cinema market is projected to reach US$85.86m in 2024.
Revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 6.47%, leading to a projected market volume of US$117.40m by 2029.
Within the Cinema market in Malaysia, the number of viewers is anticipated to reach 5.9m users by 2029.
User penetration is forecasted to be 14.0% in 2024 and is expected to increase to 16.2% by 2029.
The average revenue per viewer in Malaysia is expected to amount to US$17.72.
In a global context, the majority of revenue will be generated the United States, where it is estimated to be US$20.98bn in 2024.
In Malaysia, the cinema market is experiencing a resurgence as local filmmakers embrace innovative storytelling, attracting diverse audiences and revitalizing the film industry.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema market in Malaysia has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in Malaysia have shifted towards a more immersive and experiential cinema experience. Moviegoers are seeking out theaters that offer state-of-the-art technology, such as 3D and IMAX screens, as well as comfortable seating and premium amenities. This preference for a premium experience has led to the rise of luxury cinemas in Malaysia, where customers can enjoy reclining seats, gourmet food and beverages, and personalized service. Additionally, there is a growing demand for diverse movie genres, including local and international films, as well as a desire for a wider range of screening options, such as midnight showings and film festivals. Trends in the Malaysian cinema market reflect global and regional developments. One notable trend is the increasing popularity of streaming services and online platforms for movie viewing. This has prompted cinemas to adapt by offering exclusive screenings, special events, and unique experiences that cannot be replicated at home. Another trend is the integration of technology into the cinema experience, with advancements in sound and visual effects enhancing the overall viewing experience. Furthermore, there is a growing focus on sustainability and eco-friendly practices, with cinemas implementing measures such as energy-efficient lighting and recycling programs. Local special circumstances in Malaysia have also contributed to the development of the cinema market. The country has a vibrant film industry, with a growing number of local filmmakers and production companies. This has resulted in an increase in the production and distribution of Malaysian films, leading to a greater demand for cinema screenings. Additionally, Malaysia is a multicultural society with a diverse population, and cinemas play a significant role in showcasing films from different cultures and languages, catering to the preferences of various ethnic groups. Underlying macroeconomic factors have also had an impact on the cinema market in Malaysia. The country has experienced steady economic growth, resulting in an increase in disposable income and consumer spending. This has allowed more individuals to afford cinema tickets and indulge in the premium cinema experience. Furthermore, Malaysia has a young and tech-savvy population, which is driving the demand for innovative and immersive entertainment options. In conclusion, the Cinema market in Malaysia is developing in response to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for a premium cinema experience, diverse movie genres, and advanced technology is shaping the industry, while the growth of the local film industry and multicultural society are contributing to the expansion of cinema offerings. The steady economic growth and young population in Malaysia provide a favorable environment for the continued development of the cinema market.

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.