Cinema Tickets - Brunei Darussalam

Brunei Darussalam

Highlights

Revenue in the Cinema Tickets market is projected to reach US$221.50k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.94%, resulting in a projected market volume of US$258.50k by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 21.8k users by 2028.
User penetration will be 4.5% in 2024 and is expected to hit 4.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$11.55.
In global comparison, most revenue will be generated China (US$6.96bn in 2024).
With a projected rate of 22.8%, the user penetration in the Cinema Tickets market is highest Norway.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Tickets market in Brunei Darussalam has been experiencing steady growth in recent years.

Customer preferences: Bruneians have shown a growing interest in cinema entertainment, leading to an increase in the demand for cinema tickets. This can be attributed to several factors. Firstly, the popularity of Hollywood movies and international film franchises has captured the attention of Bruneian audiences. The allure of big-budget blockbusters and the desire to be part of the global cinematic experience has driven people to purchase cinema tickets. Additionally, the rise of social media and online platforms has made it easier for people to discover and share information about movies, further fueling interest and demand for cinema tickets.

Trends in the market: One notable trend in the Cinema Tickets market in Brunei Darussalam is the shift towards a more immersive and premium cinema experience. Bruneians are increasingly seeking out cinemas that offer state-of-the-art technology, comfortable seating, and enhanced audio-visual effects. This trend can be attributed to the desire for a more memorable and enjoyable movie-watching experience. As a result, cinemas in Brunei Darussalam have been investing in upgrading their facilities and introducing new technologies to cater to this demand. Another trend in the market is the growing popularity of local films. Brunei Darussalam has seen an increase in the production of local films in recent years, which has garnered attention and support from the local community. This has led to a rise in the demand for cinema tickets to watch these local productions. The government has also been actively promoting and supporting the local film industry, which has further contributed to the growth of the Cinema Tickets market in Brunei Darussalam.

Local special circumstances: One unique aspect of the Cinema Tickets market in Brunei Darussalam is the influence of Islamic culture and values. Brunei Darussalam is an Islamic country, and this has an impact on the types of movies that are shown and the regulations surrounding cinema operations. Movies that are deemed to be against Islamic values are not allowed to be screened in cinemas, which can limit the variety of movies available to Bruneian audiences. However, this also presents an opportunity for the local film industry to produce movies that align with Islamic values and cater to the local market.

Underlying macroeconomic factors: The growth of the Cinema Tickets market in Brunei Darussalam can also be attributed to the country's strong economic performance. Brunei Darussalam has a high GDP per capita and a relatively affluent population, which has contributed to the increased disposable income available for entertainment activities such as going to the cinema. Additionally, the government's focus on diversifying the economy and promoting the tourism sector has led to an increase in the number of tourists visiting Brunei Darussalam. This has further boosted the demand for cinema tickets as tourists seek out entertainment options during their stay. In conclusion, the Cinema Tickets market in Brunei Darussalam is developing due to the growing interest in cinema entertainment, the shift towards a premium cinema experience, the popularity of local films, the influence of Islamic culture, and the country's strong macroeconomic factors. As Brunei Darussalam continues to develop and diversify its economy, the Cinema Tickets market is expected to grow further in the coming years.

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.