Cinema - NAFTA | Statista Market Forecast

Cinema - NAFTA

NAFTA

Highlights

In NAFTA, revenue in the Cinema market is projected to reach US$24.36bn in 2024.
This revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 6.52%, which will result in a projected market volume of US$33.41bn by 2029.
By 2029, the number of viewers in the Cinema market within NAFTA is anticipated to amount to 335.7m users.
User penetration in this region will be 52.5% in 2024 and is expected to increase to 64.0% by 2029.
The average revenue per viewer in NAFTA is projected to amount to US$91.00.
In a global context, the majority of revenue will be generated the United States, which is expected to reach US$20.98bn in 2024.
The American cinema market is experiencing a resurgence in demand for diverse storytelling, reflecting shifting cultural narratives and audience preferences.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema market in NAFTA 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 the Cinema market have shifted towards immersive experiences, with a growing demand for high-quality audiovisual technologies and comfortable seating. Customers are seeking out cinemas that offer state-of-the-art sound systems, large screens, and premium seating options such as recliners. Additionally, there is a growing interest in alternative content, such as live broadcasts of sporting events, concerts, and theater performances. These preferences have led to an increase in ticket sales and a rise in revenue for cinema operators in the NAFTA region. Trends in the market include the rise of digital cinema and the adoption of advanced technologies. Digital cinema has revolutionized the industry by offering improved image quality, enhanced sound, and the ability to show a wider range of content. This shift towards digital has also allowed for more efficient distribution and exhibition processes, reducing costs for cinema operators. Furthermore, the integration of virtual reality (VR) and augmented reality (AR) technologies in cinemas has opened up new opportunities for immersive experiences, attracting a younger demographic of moviegoers. Local special circumstances in the NAFTA region have also contributed to the growth of the Cinema market. The region is home to a large and diverse population, with different cultural backgrounds and preferences. This diversity has created a demand for a wide variety of films, including international and independent productions. Additionally, the presence of major film festivals and events in the region, such as the Toronto International Film Festival in Canada and the Sundance Film Festival in the United States, has further boosted the popularity of cinemas and increased attendance. Underlying macroeconomic factors have played a role in the development of the Cinema market in NAFTA. The region has experienced steady economic growth, leading to an increase in disposable income and consumer spending. As a result, more people are able to afford cinema tickets and are willing to spend on entertainment experiences. Furthermore, the growth of the middle class in the NAFTA region has expanded the potential customer base for cinemas, driving demand for movie screenings. In conclusion, the Cinema market in NAFTA is experiencing growth due to evolving customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for immersive experiences, the adoption of advanced technologies, the diversity of film offerings, and the favorable economic conditions in the region have all contributed to the development of the market. As these factors continue to shape the industry, the Cinema market in NAFTA is expected to thrive 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.