Market Insights Advertising & Media Media Cinema

Box Office - Luxembourg

Luxembourg

Revenue in the Box Office market is projected to reach US$12.93m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.19%, resulting in a projected market volume of US$14.41m by 2029.
In the Box Office market, the number of viewers is expected to amount to 369.9k users by 2029.
User penetration will be 50.4% in 2024 and is expected to hit 53.5% by 2029.
The average revenue per viewer is expected to amount to US$38.78.
In global comparison, most revenue will be generated in the United States (US$11,150.00m in 2024).

Key regions: Europe, China, India, United States, Asia

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Analyst Opinion

The Box Office market in Luxembourg has been experiencing steady growth in recent years.

Customer preferences: Luxembourg is known for its multicultural population, with a significant number of expatriates and international residents. This diversity is reflected in the preferences of the local audience when it comes to movies. There is a strong demand for a wide range of genres, including Hollywood blockbusters, independent films, and foreign language movies. Additionally, the local audience has shown a growing interest in alternative forms of cinema, such as art-house films and documentaries.

Trends in the market: One of the key trends in the Box Office market in Luxembourg is the increasing popularity of digital streaming platforms. With the rise of platforms like Netflix, Amazon Prime Video, and Disney+, more and more people have access to a wide variety of movies and TV shows from the comfort of their own homes. This has led to a shift in consumer behavior, with some moviegoers opting to stay home and stream movies instead of going to the theater. However, despite this trend, the Box Office market in Luxembourg has remained resilient, with many moviegoers still choosing to enjoy the cinematic experience on the big screen. Another trend in the market is the growing focus on immersive technologies, such as 3D and IMAX. These technologies enhance the movie-watching experience by providing a more immersive and visually stunning presentation. The availability of these technologies in Luxembourg's theaters has attracted audiences who are seeking a more immersive and memorable experience.

Local special circumstances: Luxembourg is a small country with a high standard of living and a strong economy. This has created a favorable environment for the Box Office market to thrive. The country's affluent population has disposable income to spend on entertainment, including going to the movies. Additionally, Luxembourg's central location in Europe makes it a popular destination for international film festivals and premieres, further boosting the local Box Office market.

Underlying macroeconomic factors: The steady growth of the Box Office market in Luxembourg can be attributed to several underlying macroeconomic factors. Firstly, the country's stable economy and high standard of living have contributed to a strong consumer demand for entertainment. Secondly, the government has implemented policies to support the film industry, including tax incentives for film production and distribution. This has attracted international film productions to Luxembourg and has helped to create a vibrant local film industry. Finally, the country's multicultural population and its proximity to other European countries have made it an attractive market for international film distributors, leading to a diverse range of movies being screened in local theaters.

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.