Market Insights Digital eServices Event Tickets

Cinema Tickets - Israel

Israel

Revenue in the Cinema Tickets market is projected to reach US$33.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.92%, resulting in a projected market volume of US$34.32m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 1.1m users by 2028.
User penetration will be 11.6% in 2024 and is expected to hit 11.1% by 2028.
The average revenue per user (ARPU) is expected to amount to US$31.03.
In global comparison, most revenue will be generated in China (US$6,963.00m in 2024).
With a projected rate of 22.8%, the user penetration in the Cinema Tickets market is highest in Norway.

Key regions: Europe, Asia, Japan, China, South Korea

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Currency

Analyst Opinion

The Cinema Tickets market in Israel has been experiencing significant growth in recent years.

Customer preferences: Israeli consumers have shown a strong preference for cinema entertainment, leading to a high demand for cinema tickets. This can be attributed to the fact that going to the movies is a popular leisure activity in Israel, with people of all ages enjoying the experience. Additionally, there is a growing trend of families and friends choosing to spend quality time together at the cinema, further driving the demand for cinema tickets.

Trends in the market: One of the key trends in the Cinema Tickets market in Israel is the increasing popularity of international films. Israeli audiences have shown a growing interest in watching movies from different countries, leading to a wider range of film options being made available in local cinemas. This trend is in line with the global market, where international films are gaining popularity worldwide. Furthermore, the rise of streaming platforms has also contributed to the demand for cinema tickets, as consumers are now more inclined to watch movies in theaters for a more immersive experience.

Local special circumstances: Israel's unique cultural landscape plays a significant role in the development of the Cinema Tickets market. The country has a vibrant film industry, with Israeli films gaining recognition and accolades at international film festivals. This has created a sense of pride among the local population, leading to increased support for the local film industry. As a result, there is a strong demand for cinema tickets to watch Israeli films, further contributing to the growth of the market.

Underlying macroeconomic factors: Israel's strong economy and high disposable income levels have also played a part in the growth of the Cinema Tickets market. The country has experienced steady economic growth in recent years, leading to an increase in consumer spending. As a result, people are more willing to spend money on leisure activities such as going to the movies. Additionally, the government has implemented policies to support the film industry, including tax incentives and grants, which have further fueled the growth of the Cinema Tickets market. In conclusion, the Cinema Tickets market in Israel is experiencing significant growth due to customer preferences for cinema entertainment, the increasing popularity of international films, the unique cultural landscape, and the underlying macroeconomic factors such as a strong economy and government support. The market is expected to continue its positive trajectory in the coming years as the demand for cinema tickets remains high.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.