Cinema Tickets - Sri Lanka

Sri Lanka

Highlights

Revenue in the Cinema Tickets market is projected to reach US$3.82m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.03%, resulting in a projected market volume of US$4.47m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 545.5k users by 2028.
User penetration will be 2.3% in 2024 and is expected to hit 2.4% by 2028.
The average revenue per user (ARPU) is expected to amount to US$8.13.
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 Sri Lanka has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: In Sri Lanka, there is a growing demand for entertainment options, and cinema is becoming an increasingly popular choice among consumers. People are looking for ways to relax and escape from their daily routines, and going to the movies provides a convenient and enjoyable way to do so. Additionally, the younger population in Sri Lanka, who are more tech-savvy and connected, are attracted to the immersive experience that cinemas offer, with state-of-the-art sound and visual effects.

Trends in the market: One of the key trends in the Cinema Tickets market in Sri Lanka is the rise of multiplex cinemas. These modern cinemas offer multiple screens and a variety of movie options, catering to different tastes and preferences. This trend is driven by the increasing demand for a diverse range of movies, including local productions, as well as international blockbusters. Multiplex cinemas also provide a more comfortable and luxurious movie-watching experience, with amenities such as reclining seats, gourmet snacks, and VIP lounges. Another trend in the market is the growing popularity of 3D and IMAX movies. These formats provide a more immersive and visually stunning experience for moviegoers, which is particularly appealing to the younger generation. As technology continues to advance, we can expect to see more cinemas in Sri Lanka adopting these formats to attract and retain customers.

Local special circumstances: Sri Lanka has a vibrant film industry, with a rich history of producing local movies. This has created a sense of national pride and a desire among Sri Lankan consumers to support and watch local films. As a result, there is a strong demand for cinemas that screen local movies, and this has contributed to the growth of the Cinema Tickets market in Sri Lanka.

Underlying macroeconomic factors: The growing Cinema Tickets market in Sri Lanka can also be attributed to the country's improving economic conditions. As disposable incomes rise, consumers have more money to spend on leisure activities, including going to the movies. Additionally, the increasing urbanization and modernization of Sri Lanka have led to the development of shopping malls and entertainment complexes, which often include cinemas as anchor tenants. This has made cinema more accessible and convenient for consumers, further driving the growth of the market. In conclusion, the Cinema Tickets market in Sri Lanka is developing rapidly due to changing customer preferences, such as the demand for multiplex cinemas and immersive movie experiences. The local special circumstances, including the popularity of local films, also contribute to the growth of the market. Furthermore, underlying macroeconomic factors, such as improving economic conditions and the development of entertainment complexes, are driving the expansion of the Cinema Tickets market in Sri Lanka.

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.