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Cinema - United States

United States

Revenue in the Cinema market in the United States is projected to reach €19.45bn in 2024.
Revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 6.89%, leading to a projected market volume of €27.14bn by 2029.
In the United States Cinema market, the number of viewers is expected to reach 257.4m users by 2029.
User penetration will be 58.8% in 2024 and is forecasted to increase to 73.4% by 2029.
The average revenue per viewer the United States is expected to amount to €96.84.
In a global context, the highest revenue will be generated the United States, with €19.45bn projected for 2024.
The United States cinema market is witnessing a resurgence in audience engagement, driven by innovative storytelling and the increasing popularity of streaming platforms.

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

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Analyst Opinion

The Cinema market in United States has experienced significant growth in recent years, driven by changing customer preferences and the emergence of new technologies.

Customer preferences: Customers in the United States have shown a strong preference for immersive cinema experiences, such as 3D and IMAX screenings. These formats provide a more engaging and realistic viewing experience, attracting a larger audience and driving ticket sales. Additionally, the demand for a wider range of food and beverage options at cinemas has increased, with customers seeking more than just traditional popcorn and soda. As a result, many cinemas have expanded their concessions offerings to include gourmet snacks, craft beers, and even full-service dining options.

Trends in the market: One of the key trends in the United States cinema market is the rise of premium cinema experiences. Luxury cinema chains offering amenities such as reclining seats, in-seat dining, and personalized service have gained popularity among customers seeking a more upscale movie-watching experience. These premium cinemas often charge higher ticket prices, allowing them to generate higher revenues per customer. Another trend is the increasing popularity of event cinema, where cinemas broadcast live events such as sports games, concerts, and theater performances. This trend has attracted a new audience to cinemas and provides an alternative source of revenue for theater operators.

Local special circumstances: The United States has a well-established film industry, with Hollywood being the global center of movie production. This has led to a strong cultural affinity for cinema and a high demand for the latest blockbuster releases. The country also has a large population and a high disposable income, making it an attractive market for cinema operators. Additionally, the United States has a diverse population with different language preferences, leading to a demand for subtitled or dubbed versions of foreign films.

Underlying macroeconomic factors: The strong growth in the United States cinema market can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced a period of economic growth, resulting in higher consumer spending on entertainment activities such as going to the movies. Secondly, advancements in technology have made it easier for cinemas to offer enhanced viewing experiences, such as digital projection and surround sound. These technological improvements have attracted more customers and increased ticket sales. Lastly, the rise of streaming services and online content consumption has not significantly impacted the cinema market in the United States. Despite the convenience of watching movies at home, many customers still value the communal experience of going to the cinema and the big screen experience it offers. In conclusion, the Cinema market in United States has seen significant growth due to changing customer preferences, the emergence of premium cinema experiences, and the country's strong cultural affinity for movies. The underlying macroeconomic factors, including economic growth and technological advancements, have also contributed to the market's development. As customer preferences continue to evolve and new technologies emerge, the cinema market in the United States is expected to continue its growth trajectory.

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.