Cinema Tickets - Zambia

Zambia

Highlights

Revenue in the Cinema Tickets market is projected to reach US$1.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.94%, resulting in a projected market volume of US$1.95m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 286.9k users by 2028.
User penetration will be 1.1% in 2024 and is expected to hit 1.2% by 2028.
The average revenue per user (ARPU) is expected to amount to US$7.56.
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 Zambia is experiencing significant growth and development, driven by several key factors.

Customer preferences: Zambian consumers have shown a growing interest in cinema entertainment, with an increasing number of people opting to watch movies in theaters rather than at home. This shift in consumer behavior can be attributed to the immersive experience and superior audiovisual quality offered by cinemas. Additionally, going to the movies has become a popular social activity among Zambians, providing an opportunity for friends and families to spend quality time together.

Trends in the market: One of the major trends in the Zambian Cinema Tickets market is the rise of multiplexes. Multiplexes are large-scale cinema complexes that house multiple screens and offer a wide variety of movies. These multiplexes provide consumers with a greater choice of films and showtimes, catering to different tastes and preferences. The introduction of multiplexes has not only increased the overall capacity of the cinema industry but has also attracted a larger audience base. Another notable trend in the market is the growing popularity of local films. Zambian filmmakers have been producing high-quality movies that resonate with the local audience, telling stories that reflect their culture, traditions, and aspirations. This has sparked a sense of pride among Zambians, leading to increased support for local cinema. As a result, the demand for tickets to watch Zambian films has been on the rise, contributing to the overall growth of the Cinema Tickets market in the country.

Local special circumstances: Zambia's growing middle class and increasing disposable incomes have played a significant role in the development of the Cinema Tickets market. As more individuals have the means to afford leisure activities, the demand for cinema tickets has grown. Furthermore, urbanization and the development of shopping malls and entertainment complexes have created convenient and accessible locations for cinemas, making it easier for people to enjoy movies on the big screen.

Underlying macroeconomic factors: The stable economic growth and favorable business environment in Zambia have attracted investments in the cinema industry. Local and international cinema chains have recognized the market potential in Zambia and have been expanding their presence in the country. This influx of investment has led to the establishment of modern and well-equipped cinemas, offering an enhanced movie-watching experience to consumers. In conclusion, the Cinema Tickets market in Zambia is witnessing significant growth and development due to changing customer preferences, the emergence of multiplexes, the popularity of local films, the rising middle class, and favorable macroeconomic factors. These factors have contributed to the increasing demand for cinema tickets and the overall expansion of the market in Zambia.

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.