Movie Theaters Global Market Report 2024

A movie theater is a dedicated space where films are projected onto a large screen for an audience. Equipped with audio and visual systems, these theaters aim to enhance the overall viewing experience. Movie theaters serve as popular entertainment destinations where individuals can indulge in a variety of films, spanning new releases, classics, and special screenings.

The primary categories of movie theaters include multiplexes, IMAX (image maximum), drive-ins, and independents. Multiplexes denote cinema complexes featuring multiple screens or auditoriums within the same building. These theaters offer a range of experiences with 2D (two-dimensional) and 3D (three-dimensional) screens, catering to diverse applications such as regular movie shows, live events, concerts, and private screenings tailored for specific audiences, including general viewers, families, corporate events, and couples.

The movie theater research report is one of a series of new reports from The Business Research Company that provides movie theater market statistics, including the movie theater industry's global market size, regional shares, competitors with movie theater market share, detailed movie theater market segments, market trends and opportunities, and any further data you may need to thrive in the movie theater industry. This movie theater market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The movie theaters market size has grown strongly in recent years. It will grow from $69.27 billion in 2023 to $73.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The historical growth can be credited to factors such as the Golden Age of Hollywood, providing a cultural and social experience, the release of blockbuster films, urbanization and the expansion of the population, and the development of distribution channels.

The movie theaters market size is expected to see steady growth in the next few years. It will grow to $87.6 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period can be linked to the integration of streaming services, experiences in virtual reality (VR), the adoption of hybrid release strategies, the implementation of dynamic pricing models, and the enhancement of in-theater amenities. Noteworthy trends expected in this period encompass the incorporation of immersive technologies, the adoption of sustainable and eco-friendly practices, the establishment of community-centric spaces, the promotion of interactive and participatory experiences, and the emergence of niche and specialty theaters.

The anticipated growth in the movie theater market is expected to be fueled by an increase in consumer spending on entertainment. Consumer entertainment spending refers to the financial outlay individuals and households allocate to personal entertainment activities. This spending encompasses the enjoyment of watching movies in theaters and engaging in various entertainment experiences. For example, The Numbers, a US-based company specializing in detailed movie financial analysis, reported a surge in the total number of tickets sold in the US domestic market, rising from 711.80 million in 2022 to 881.80 million in 2023. Additionally, total domestic box office collections increased from $7,426.00 million in 2022 to $9,214.89 million in 2023. Consequently, the growth of consumer entertainment spending is a driving force behind the expansion of the movie theater market.

The growing demand for ready-to-eat foods is poised to contribute to the growth of the movie theater market. Ready-to-eat food refers to meals that are prepared and packaged in advance, requiring no additional cooking or preparation. Integrating ready-to-eat foods into movie theaters enhances customer satisfaction, increases revenue, improves time efficiency, provides a competitive edge, creates cross-promotion opportunities, and reduces wait times. For instance, in 2022, according to the Ministry of Commerce & Industry in India, the country's exports of ready-to-eat foods experienced a 24% increase, reaching $394 million in the period of 2021-22 (April-October). Therefore, the rising demand for ready-to-eat foods is a significant driver behind the growth of the movie theater market.

The adoption of technological advancements stands out as a prominent trend in the movie theater market. Major companies within the industry are embracing new technologies to maintain their market positions. For example, in December 2022, PVR Cinemas, a multiplex based in India, introduced its premium Ice theatres auditorium in collaboration with CGR Cinemas, a cinema company based in France. Utilizing ICE immersive technology, this sensory experience incorporates LED panels on each side of the auditorium, creating a visually stunning atmosphere with dynamic shapes and colors that immerse the audience in a captivating movie-watching experience.

Major companies in the movie theater market are innovating by introducing new products such as co-branded credit cards. Co-branded credit cards are financial products issued through partnerships between credit card companies and specific businesses or organizations. For instance, in December 2022, AMC Entertainment Holdings Inc., a US-based movie theater chain, launched the AMC Entertainment Visa Card. This credit card offers users the opportunity to accumulate additional AMC Stubs rewards points through everyday purchases and movie-related expenses. As the only co-branded credit card for movie theaters in the US, the AMC Entertainment Visa Card is designed to provide genuine value to AMC moviegoers and support the enhancement of AMC's non-box office operations. Cardholders earn points for various transactions, including 50 points for every $1 spent in AMC theaters, on the AMC app, and on the AMC website, 20 points for every $1 spent on restaurants, groceries, and gas, and 10 points for every $1 spent elsewhere.

In February 2023, PVR Ltd., an India-based cinema company, merged with INOX Leisure to form the largest multiplex chain in India, operating under the name PVR-INOX Ltd. This strategic merger leverages marketing and programming capabilities to deliver highly innovative experiences, adding significant value to both partners and customers. INOX Leisure is an India-based cinema multiplex chain company.

Major companies operating in the movie theaters market report are Showcase Cinemas, AMC Entertainment Holdings Inc., Cinemark Holdings Inc., Regal Entertainment Group, Odeon Cinemas Group, Cineplex Inc., Vue International, CJ CGV Co. Ltd, Landmark Cinema of Canada Inc., Harkins Theatres Inc. , Kinepolis Group, Alamo Drafthouse Cinemas LLC, Marcus Theatres Corporation, PVR Ltd, B&B Theatres, Ster-Kinekor Theatres Pty Ltd, Megaplex Theatres, INOX Leisure Limited, Golden Screen Cinemas Sdn Bhd, Galaxy Theatres LLC, Reading Cinemas, Kerasotes Showplace Theatres LLC, Picturehouse Cinemas Limited, WE Cinemas, Mega GS Group, Wave Cinemas, United Cinemas International Multiplex b.V., Lotte Cinema Co Ltd, Omniplex Cinema Group, Beta Cinemas.

Asia-Pacific was the largest region in the movie theaters market in 2023. The regions covered in the movie theaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the movie theaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The movie theater market consists of revenues earned by entities by providing services such as customer service, ticket sales, concessions, and assistance. The market value includes the value of related goods sold by the service provider or included within the service offering. The movie theater market also includes sales of projectors, theater interiors, custom signs, wall sconces, room acoustics, and soundproofing. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Movie Theaters Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on movie theaters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for movie theaters ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The movie theaters market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Multiplexes; IMAX (Image Maximum); Drive-In; Independent
• 2) By Screen: 2D (Dimensional) Screen; 3D (Dimensional) Screen
• 3) By Application: Movie Show; Other Show; Live Events; Concerts; Private Screenings
• 4) By Audience: General; Family; Corporates; Couples
• Companies Mentioned: Showcase Cinemas; AMC Entertainment Holdings Inc.; Cinemark Holdings Inc.; Regal Entertainment Group; Odeon Cinemas Group
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.