Cinema Tickets - Egypt

Egypt

Highlights

Revenue in the Cinema Tickets market is projected to reach US$8.37m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.52%, resulting in a projected market volume of US$8.20m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 1.8m users by 2028.
User penetration will be 1.4% in 2024 and is expected to hit 1.4% by 2028.
The average revenue per user (ARPU) is expected to amount to US$5.61.
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 Egypt has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing popularity of cinema among the Egyptian population. Egyptians have always had a strong interest in film and cinema, and in recent years, there has been a surge in the number of local and international films being produced and released in Egypt. This has led to a greater demand for cinema tickets as people are eager to watch these films on the big screen. Additionally, the rise of social media and online platforms has made it easier for people to access information about upcoming films and screenings, further fueling the demand for cinema tickets.

Trends in the market: Another trend that has contributed to the growth of the Cinema Tickets market in Egypt is the increasing number of multiplex cinemas in the country. Multiplex cinemas offer a variety of films and showtimes, catering to different tastes and preferences. This has made going to the cinema a more convenient and enjoyable experience for customers, leading to an increase in ticket sales. Moreover, multiplex cinemas often provide additional amenities such as comfortable seating, state-of-the-art sound systems, and concessions, further enhancing the overall cinema experience for customers.

Local special circumstances: In addition to these global trends, there are also some local special circumstances that have influenced the growth of the Cinema Tickets market in Egypt. One of these is the government's efforts to promote the Egyptian film industry. The government has been actively supporting local filmmakers and providing incentives for the production of Egyptian films. This has resulted in a greater number of locally produced films being released in cinemas, attracting more audiences and driving ticket sales. Furthermore, the government has also been working on improving the infrastructure and facilities of cinemas in Egypt, making them more attractive to customers.

Underlying macroeconomic factors: The growth of the Cinema Tickets market in Egypt can also be attributed to underlying macroeconomic factors. Egypt has been experiencing economic growth in recent years, leading to an increase in disposable income among the population. As a result, people have more money to spend on leisure activities such as going to the cinema. Additionally, the growth of the tourism industry in Egypt has also contributed to the increase in ticket sales. Tourists visiting Egypt are often interested in experiencing the local culture, including watching Egyptian films in cinemas. In conclusion, the Cinema Tickets market in Egypt has been growing due to customer preferences for cinema, the increasing number of multiplex cinemas, local special circumstances such as government support for the film industry, and underlying macroeconomic factors such as economic growth and tourism. As these trends continue, it is expected that the market will continue to thrive 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.