Cinema Tickets - Oman

Oman

Highlights

Revenue in the Cinema Tickets market is projected to reach US$1.13m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.38%, resulting in a projected market volume of US$1.35m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 138.7k users by 2028.
User penetration will be 2.2% in 2024 and is expected to hit 2.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$9.82.
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 Oman has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Omani consumers have shown a growing interest in cinema entertainment, leading to an increase in demand for cinema tickets. This can be attributed to several factors. Firstly, there has been a shift in consumer preferences towards experiential entertainment, with people seeking out unique and immersive experiences. Going to the cinema provides an opportunity for individuals to escape from their daily routines and indulge in the magic of storytelling on the big screen. Additionally, the younger population in Oman has become more inclined towards Western culture, including Hollywood movies, which has further fueled the demand for cinema tickets.

Trends in the market: One of the key trends in the Cinema Tickets market in Oman is the rise of multiplexes. Multiplexes offer multiple screens and a variety of movie options, catering to the diverse preferences of consumers. This trend has gained momentum in recent years, with several multiplexes opening up in major cities across Oman. The presence of multiplexes has not only increased the availability of cinema tickets but has also enhanced the overall cinema-going experience for customers. Another trend in the market is the growing popularity of advanced technologies in cinemas. This includes the introduction of 3D and IMAX screens, which provide a more immersive and visually stunning movie-watching experience. The incorporation of these technologies has attracted a larger audience, as people are willing to pay a premium for a superior cinematic experience.

Local special circumstances: Oman has a relatively small population compared to other countries in the region, which has led to a limited number of cinema screens. However, the government of Oman has recognized the potential of the cinema industry and has taken steps to promote its growth. In 2017, the government lifted a 40-year ban on cinemas, allowing for the establishment of new cinemas across the country. This has created opportunities for both local and international cinema chains to enter the market and expand their operations.

Underlying macroeconomic factors: The growth of the Cinema Tickets market in Oman can also be attributed to the overall economic development of the country. Oman has experienced steady economic growth in recent years, driven by diversification efforts and investments in various sectors. As the economy continues to grow, disposable incomes are also increasing, enabling more people to afford cinema tickets. Additionally, the government's focus on promoting tourism has attracted a larger number of international visitors to Oman, further contributing to the demand for cinema tickets. In conclusion, the Cinema Tickets market in Oman is developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The rise of multiplexes, the adoption of advanced technologies, the lifting of the cinema ban, and the overall economic growth of the country have all played a significant role in driving the growth of the market.

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.