Market Insights Digital eServices Event Tickets

Cinema Tickets - BRICS

BRICS

Revenue in the Cinema Tickets market is projected to reach US$8.31bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.21%, resulting in a projected market volume of US$9.07bn by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 326.5m users by 2028.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
The average revenue per user (ARPU) is expected to amount to US$26.72.
In global comparison, most revenue will be generated in China (US$6,963.00m in 2024).
With a projected rate of 22.8%, the user penetration in the Cinema Tickets market is highest in Norway.

Key regions: Europe, Asia, Japan, China, South Korea

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Analyst Opinion

The Cinema Tickets market in BRICS is experiencing significant growth and development due to several key factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the positive trajectory of this industry. Customer preferences play a crucial role in the growth of the Cinema Tickets market in BRICS. People in these countries have shown a strong affinity for entertainment and leisure activities, with a particular interest in cinema. The demand for cinema tickets has been driven by the desire for immersive experiences and the opportunity to escape from the daily routine. Additionally, the increasing disposable income of the middle class in BRICS countries has made cinema tickets more affordable and accessible to a larger segment of the population. Trends in the market further contribute to the growth of the Cinema Tickets market in BRICS. One notable trend is the rise of multiplexes and modern cinema chains. These establishments offer state-of-the-art facilities, comfortable seating, and a wide variety of movie options, catering to the evolving preferences of moviegoers. The introduction of advanced technologies such as IMAX and 3D has also enhanced the cinema experience, attracting more customers and driving ticket sales. Local special circumstances also influence the development of the Cinema Tickets market in BRICS. Each country in the BRICS group has its own unique cultural and social dynamics that impact the cinema industry. For example, in Brazil, cinema has long been a popular form of entertainment, deeply ingrained in the country's cultural fabric. In Russia, the government has implemented measures to promote domestic film production, leading to an increase in the number of locally produced movies and boosting ticket sales. These local circumstances create a fertile ground for the growth of the cinema market in each BRICS country. Underlying macroeconomic factors also contribute to the positive development of the Cinema Tickets market in BRICS. Economic growth, urbanization, and increasing disposable income levels have created a favorable environment for the cinema industry to thrive. As BRICS countries continue to experience economic progress, more people are able to afford cinema tickets, leading to higher attendance rates and increased revenue for cinema operators. In conclusion, the Cinema Tickets market in BRICS is experiencing robust growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. As the demand for immersive entertainment experiences continues to rise and disposable income levels increase, the cinema industry in BRICS countries is poised for further expansion in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.