According to the latest market research study by Technavio, the global movie theater market is expected to grow at a CAGR of close to 7% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global movie theater market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the type
Source: Technavio
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The top three revenue contributing type segments are discussed below
Global movie theater market by multiplexes: Multiplexes are largely popular in developing countries such as China and India. India has the largest entertainment industry in the world. The growing movie theater market is encouraging various players to invest in the market.
“Several regional players are likely to increase their presence within their respective regions, primarily tier 2 and tier 3 cities. Increasing urban population and rise in disposable income of the population is expected to drive the global movie theater market growth by multiplexes during the forecast period,” says Ujjwal Doshi, a senior analyst at Technavio for research on media and entertainment services.
Global movie theater market by independent theaters: Independent movie theaters take advantage of the reduced shelf life of movies. Independent movie theaters remain the first preference for customers with low budget. There is an income and expenditure gap between the average customers that prefer watching movies in multiplexes and customers that prefer watching movies in independent theaters.
Global movie theater market by drive-in theaters: Drive-in movie theaters need cars to be comfortable and spacious to offer viewers with a good movie-watching experience. The increase in adoption of smaller passenger cars worldwide had a significant impact on the drive-in theater market.
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The top vendors operating in the global movie theater market are:
- AMC Theatres
- Cineplex Entertainment
- Regal Entertainment Group
The other prominent vendors in the market include B&B Theatres, Beta Cineplex Thái Nguyên, Cinemark Theatres, CGV Cinemas, Galaxy Cinemas, Golden Screen Cinemas, Harkins Theatres, INOX Leisure, Landmark Cinemas, Lotte Cinema, Mega GS, Megaplex Theaters, National Amusements, Omniplex Cinemas, Picturehouse, PVR Cinemas, Reel Cinemas, SF Bio, Wave Cinemas, and WE Cinemas.
A more detailed analysis is available in the Technavio report titled, ‘Global Movie Theater Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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