Cinema Tickets - Iraq

Iraq

Highlights

Revenue in the Cinema Tickets market is projected to reach US$28.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.21%, resulting in a projected market volume of US$40.76m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 766.2k 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$48.64.
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 Iraq is experiencing significant growth and development.

Customer preferences: Iraqi consumers are increasingly interested in experiencing the magic of the big screen. With the availability of a wide range of movies, both local and international, there is a growing demand for cinema tickets. Moviegoers in Iraq appreciate the immersive experience that cinemas offer, allowing them to escape from their daily routines and enjoy high-quality entertainment.

Trends in the market: One of the major trends in the Cinema Tickets market in Iraq is the increasing number of cinema complexes being built across the country. This is driven by both local and international investors who recognize the potential of the Iraqi market. The expansion of cinema chains and the introduction of modern technologies, such as 3D and IMAX, are also contributing to the growth of the market. Additionally, the popularity of local productions and the emergence of Iraqi filmmakers are attracting more viewers to cinemas.

Local special circumstances: Iraq has a rich cultural heritage and a history of cinema that dates back several decades. However, due to political instability and security concerns in the past, the cinema industry faced challenges and experienced a decline. Nevertheless, with the recent stabilization of the country and the government's efforts to promote cultural activities, the cinema industry is making a comeback. The reopening of old cinemas and the establishment of new ones are signs of a revitalized market.

Underlying macroeconomic factors: The improving economic conditions in Iraq are also contributing to the growth of the Cinema Tickets market. With a growing middle class and increasing disposable income, more people are able to afford cinema tickets. The rising urbanization rate and the expansion of shopping malls and entertainment centers provide convenient access to cinemas for a larger population. Furthermore, the government's focus on diversifying the economy and promoting tourism is expected to attract more international visitors, further boosting the demand for cinema tickets. In conclusion, the Cinema Tickets market in Iraq is experiencing a period of growth and development. Customer preferences for immersive entertainment experiences, the increasing number of cinema complexes, and the government's efforts to promote cultural activities are driving this growth. The improving economic conditions and the government's focus on diversifying the economy are also contributing to the expansion of the market. Overall, the future of the Cinema Tickets market in Iraq looks promising as more and more people seek out the magic of the big screen.

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.