Cinema - Romania | Statista Market Forecast

Cinema - Romania

Romania

Highlights

In Romania, revenue in the Cinema market is projected to reach US$82.33m in 2024.
Revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.01%, leading to a projected market volume of US$100.20m by 2029.
Within the Cinema market in Romania, the number of viewers is anticipated to reach 2.9m users by 2029.
User penetration in Romania will be 13.7% in 2024, and it is expected to increase to 15.3% by 2029.
The average revenue per viewer in Romania is predicted to amount to US$30.56.
In a global context, the most revenue will be generated the United States, which is expected to reach US$20.98bn in 2024.
Romania's cinema market is witnessing a resurgence in local productions, reflecting a growing national pride and interest in storytelling that resonates with its cultural heritage.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Romania, a country known for its rich history and beautiful landscapes, is also experiencing significant growth in its cinema market. With an increasing number of moviegoers and a thriving film industry, Romania is becoming a prominent player in the global cinema landscape. Customer preferences in the Romanian cinema market have been shifting in recent years. One notable trend is the growing demand for international films. Romanian audiences are showing a strong interest in movies from Hollywood and other major film industries worldwide. This preference for international films can be attributed to the increasing exposure to global cultures and the desire for diverse entertainment options. Another customer preference in the Romanian cinema market is the rise of premium cinema experiences. Moviegoers are willing to pay a premium for enhanced viewing experiences, such as 3D screenings, IMAX theaters, and luxury seating. This trend reflects the desire for a more immersive and comfortable movie-watching experience. In addition to customer preferences, several trends are shaping the cinema market in Romania. One trend is the expansion of multiplex theaters. These modern and spacious cinemas offer a variety of movie choices and amenities, attracting a larger audience. The growth of multiplex theaters is driven by the increasing urbanization and disposable income of the Romanian population. Another trend in the Romanian cinema market is the rise of domestic films. Romanian filmmakers are gaining recognition both locally and internationally, leading to an increase in the production and distribution of domestic films. This trend not only promotes the local film industry but also appeals to audiences who appreciate homegrown storytelling and cultural representation. Local special circumstances also contribute to the development of the cinema market in Romania. One such circumstance is the strong presence of film festivals. Romania hosts several renowned film festivals, such as the Transilvania International Film Festival and the Bucharest International Film Festival. These events attract filmmakers, industry professionals, and film enthusiasts from around the world, fostering the growth of the local cinema market. Underlying macroeconomic factors also play a role in the development of the cinema market in Romania. The country's steady economic growth and increasing disposable income have allowed more people to afford cinema tickets and indulge in leisure activities. Additionally, the government's support for the film industry through incentives and subsidies has encouraged investment and production in the sector. Overall, the cinema market in Romania is experiencing growth and diversification. Customer preferences for international films and premium cinema experiences, along with the expansion of multiplex theaters and the rise of domestic films, are driving this development. Local special circumstances, such as film festivals, and underlying macroeconomic factors, such as economic growth and government support, further contribute to the flourishing cinema market in Romania.

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.