Cinema Tickets - Cameroon

Cameroon

Highlights

Revenue in the Cinema Tickets market is projected to reach US$5.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.65%, resulting in a projected market volume of US$7.94m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 490.4k users by 2028.
User penetration will be 1.4% in 2024 and is expected to hit 1.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$14.47.
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 Cameroon is experiencing significant growth and development in recent years.

Customer preferences: Cameroonian consumers are increasingly showing a strong interest in cinema, leading to a growing demand for cinema tickets. This can be attributed to several factors. Firstly, the rise of social media and online platforms has made it easier for people to access information about new movies and upcoming releases. This has created a sense of excitement and anticipation among consumers, driving them to purchase cinema tickets to be among the first to watch these movies. Additionally, the growing popularity of international film festivals and events in Cameroon has also contributed to the increased demand for cinema tickets, as consumers seek to experience different cultures and enjoy a diverse range of films.

Trends in the market: One of the key trends in the Cinema Tickets market in Cameroon is the increasing popularity of local film productions. Cameroonian filmmakers have been gaining international recognition for their work, and this has generated a lot of interest and support from local audiences. As a result, there has been a surge in the number of local films being produced and screened in cinemas across the country. This trend has not only boosted the demand for cinema tickets but has also created opportunities for local talent and industry growth. Another trend in the market is the emergence of luxury cinema experiences. In recent years, several cinema chains in Cameroon have introduced premium cinema halls with comfortable seating, state-of-the-art sound systems, and high-quality food and beverage options. These luxury cinema experiences have become increasingly popular among consumers who are willing to pay a premium for a more immersive and enjoyable movie-watching experience. This trend has not only increased the average ticket price but has also contributed to the overall growth of the Cinema Tickets market in Cameroon.

Local special circumstances: Cameroon has a vibrant and diverse cultural scene, with a rich history of storytelling and performing arts. This cultural heritage has played a significant role in shaping the preferences of Cameroonian consumers when it comes to cinema. Local films that reflect the country's culture, traditions, and social issues resonate strongly with audiences, leading to a higher demand for cinema tickets for these productions. Additionally, the government of Cameroon has also been actively promoting the local film industry through various initiatives and incentives, further boosting the demand for cinema tickets for local films.

Underlying macroeconomic factors: Cameroon has been experiencing steady economic growth in recent years, which has had a positive impact on the Cinema Tickets market. As disposable incomes rise, consumers have more spending power and are willing to allocate a portion of their budget to entertainment activities such as going to the cinema. Furthermore, the increasing urbanization and population growth in Cameroon have also contributed to the growth of the Cinema Tickets market, as more people have access to cinemas and are seeking entertainment options in their local areas.

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.