Cinema - Turkey | Statista Market Forecast

Cinema - Turkey

Turkey

Highlights

In Turkey, revenue in the Cinema market is projected to reach US$744.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.26%, leading to a projected market volume of US$917.00m by 2029.
In Turkey's Cinema market, the number of viewers is anticipated to amount to 20.4m users by 2029.
User penetration in Turkey will be 21.4% in 2024 and is expected to increase to 23.1% by 2029.
The average revenue per viewer in Turkey is expected to amount to US$40.23.
In global comparison, the majority of revenue will be generated the United States, with US$20.98bn in 2024.
In Turkey, the cinema market is experiencing a resurgence, fueled by a growing domestic film industry and increasing audience engagement with local narratives.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema market in Turkey 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 Turkish Cinema market have shifted towards a more immersive and interactive experience. Moviegoers are increasingly seeking out theaters that offer advanced technologies such as 3D, IMAX, and Dolby Atmos sound systems. This preference for enhanced viewing experiences has led to the expansion of theaters equipped with these technologies across the country. Additionally, Turkish audiences are showing a growing interest in a diverse range of film genres, including both domestic and international productions. This has resulted in a wider variety of films being screened in theaters, catering to the evolving tastes of moviegoers. One of the key trends in the Turkish Cinema market is the rise of multiplex theaters. These large-scale complexes house multiple screens and offer a variety of entertainment options, including restaurants, cafes, and gaming zones. Multiplex theaters have become popular destinations for socializing and leisure activities, attracting not only movie enthusiasts but also families and young adults. This trend has been driven by the increasing urbanization and modernization of Turkey, as well as the desire for a comprehensive entertainment experience. Another trend in the Turkish Cinema market is the growing popularity of local film productions. Turkish cinema has gained international recognition in recent years, with a number of critically acclaimed films and directors emerging from the country. This has led to a surge in domestic film production and a greater focus on promoting Turkish cinema both domestically and internationally. As a result, Turkish audiences have shown a greater interest in supporting local films, leading to increased box office revenues for domestic productions. Local special circumstances also play a role in the development of the Turkish Cinema market. The country has a young and growing population, with a high proportion of individuals in the prime moviegoing age group. This demographic factor contributes to the demand for cinema experiences and provides a favorable market for the industry to thrive. Additionally, the Turkish government has implemented policies to support the film industry, including financial incentives and grants for local productions. These initiatives have encouraged investment in the sector and fostered the growth of Turkish cinema. Underlying macroeconomic factors have also contributed to the development of the Cinema market in Turkey. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more individuals to afford movie tickets and contribute to the growth of the market. Furthermore, the Turkish film industry has benefited from collaborations with international studios and co-productions, which have helped to attract foreign investment and expand the reach of Turkish films to global audiences. In conclusion, the Cinema market in Turkey is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for immersive viewing experiences, the rise of multiplex theaters, the popularity of local film productions, the young population, government support, and favorable macroeconomic conditions all contribute to the positive development of the 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.