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Cinema - India

India

In India, revenue in the Cinema market is projected to reach €4.30bn in 2024.
Revenue in this sector is expected to show an annual growth rate (CAGR 2024-2029) of 5.69%, which will result in a projected market volume of €5.67bn by 2029.
Furthermore, the number of viewers in the Cinema market in India is anticipated to amount to 653.2m users by 2029.
User penetration in India will be 38.7% in 2024 and is expected to increase to 43.5% by 2029.
The average revenue per viewer in the Indian Cinema market is expected to reach €7.71.
In a global context, most revenue will be generated the United States, which is projected to achieve €19,450.00m in 2024.
India's cinema market is witnessing a resurgence, driven by innovative storytelling and a growing demand for diverse content that resonates with younger audiences.

Key regions: Europe, France, Asia, United Kingdom, Germany

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Analyst Opinion

The Cinema market in India has witnessed significant growth and development in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Indian consumers have shown a growing interest in cinema as a form of entertainment. With a large population and a growing middle class, more people have disposable income to spend on leisure activities such as going to the movies. Additionally, Indian audiences have a strong affinity for films, with Bollywood being a major draw. The popularity of regional cinema, such as Tamil, Telugu, and Malayalam films, further contributes to the demand for cinema experiences.

Trends in the market: One of the key trends in the Indian cinema market is the rise of multiplexes. These modern cinema complexes offer a more comfortable and immersive movie-watching experience, with amenities such as reclining seats, advanced sound systems, and a wide range of food and beverage options. Multiplexes have become popular among urban audiences, who are willing to pay a premium for a premium cinema experience. Another trend is the increasing adoption of technology in the cinema industry. Online ticket booking platforms and mobile apps have made it easier for consumers to purchase tickets and choose their preferred seats in advance. This convenience factor has contributed to the growth of the cinema market in India.

Local special circumstances: India has a rich cultural heritage, and films play a significant role in reflecting and preserving this heritage. Indian cinema is known for its vibrant storytelling, colorful visuals, and larger-than-life characters. This cultural significance of cinema has created a strong emotional connection between the audience and the films, leading to a high demand for cinema experiences. Furthermore, the Indian film industry, particularly Bollywood, has a global reach. Indian films are not only popular domestically but also have a significant international following, especially among the Indian diaspora. This global appeal has opened up opportunities for Indian films to be screened in international markets, further driving the growth of the cinema market.

Underlying macroeconomic factors: India's economic growth and rising disposable incomes have played a crucial role in the development of the cinema market. As more people have the financial means to spend on entertainment, the demand for cinema experiences has increased. Additionally, the growth of urbanization and the expansion of middle-class population have created a larger consumer base for the cinema industry. The government's favorable policies and initiatives to promote the film industry have also contributed to the growth of the cinema market. In recent years, the Indian government has introduced measures such as tax incentives and subsidies to attract investment in the film industry. These policies have encouraged the establishment of more cinema screens and the production of high-quality films. In conclusion, the Cinema market in India is experiencing significant growth and development due to changing customer preferences, emerging trends, and local special circumstances. The rise of multiplexes, the adoption of technology, and the cultural significance of cinema are driving the demand for cinema experiences. India's economic growth, favorable government policies, and the global appeal of Indian films are also contributing factors.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.