Cinema Tickets - Ivory Coast

Ivory Coast

Highlights

Revenue in the Cinema Tickets market is projected to reach US$4.33m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.19%, resulting in a projected market volume of US$5.72m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 384.5k users by 2028.
User penetration will be 1.1% in 2024 and is expected to hit 1.1% by 2028.
The average revenue per user (ARPU) is expected to amount to US$13.93.
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 Ivory Coast is experiencing significant growth and development, driven by changing customer preferences and favorable local circumstances.

Customer preferences: Customers in Ivory Coast are increasingly turning to cinema as a form of entertainment, seeking a unique and immersive experience that cannot be replicated at home. The popularity of blockbuster movies and the desire to watch them on the big screen has led to a surge in demand for cinema tickets. Additionally, the rise of social media and online platforms has made it easier for people to share their movie experiences, further fueling the demand for cinema tickets.

Trends in the market: One of the key trends in the Cinema Tickets market in Ivory Coast is the increasing number of multiplex cinemas. These modern and state-of-the-art cinemas offer multiple screens and a wide range of movie options, catering to different tastes and preferences. This trend has not only expanded the capacity of the market but has also improved the overall movie-watching experience for customers. Another trend in the market is the growing popularity of local and regional movies. Ivory Coast has a rich and vibrant film industry, known as "Nollywood," which produces a significant number of movies each year. As a result, there is a growing demand for tickets to watch these local productions, showcasing the pride and interest of the local population in their own culture and stories.

Local special circumstances: Ivory Coast has a young and growing population, with a significant percentage of the population falling within the target demographic for cinema tickets. This demographic factor, combined with increasing urbanization and rising disposable incomes, has created a favorable environment for the growth of the Cinema Tickets market. Furthermore, the government has been supportive of the film industry, providing incentives and subsidies to encourage local production and investment in cinema infrastructure.

Underlying macroeconomic factors: The overall economic growth in Ivory Coast has contributed to the development of the Cinema Tickets market. As the economy continues to expand, more people have the means to afford cinema tickets, leading to increased demand. Additionally, the country's stable political environment and improving infrastructure have made it easier for cinemas to operate and attract customers. In conclusion, the Cinema Tickets market in Ivory Coast is experiencing significant growth and development due to changing customer preferences, the rise of multiplex cinemas, the popularity of local movies, favorable local circumstances, and underlying macroeconomic factors. The market is expected to continue to expand as more people seek out the unique and immersive experience of watching movies on 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.