Market Insights Digital eServices Event Tickets

Cinema Tickets - Nordics

Nordics

Revenue in the Cinema Tickets market is projected to reach US$391.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.40%, resulting in a projected market volume of US$414.10m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 5.8m users by 2028.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
The average revenue per user (ARPU) is expected to amount to US$69.28.
In global comparison, most revenue will be generated in China (US$6,963.00m in 2024).
With a projected rate of 0, the user penetration in the Cinema Tickets market is highest 0.

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

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Analyst Opinion

The Cinema Tickets market in Nordics is experiencing a steady growth, driven by customer preferences for immersive entertainment experiences and the increasing popularity of local film productions. Additionally, the local special circumstances and underlying macroeconomic factors in the region contribute to the development of the market. Customer preferences in the Nordics are shifting towards immersive entertainment experiences, which has led to an increase in demand for cinema tickets. Moviegoers in the region are seeking out theaters that offer state-of-the-art technology, such as IMAX screens and Dolby Atmos sound systems, to enhance their viewing experience. This preference for high-quality audiovisual experiences has prompted cinema operators to invest in upgrading their facilities, attracting more customers and driving ticket sales. Furthermore, the Nordics have seen a surge in the popularity of local film productions. Scandinavian movies, known for their unique storytelling and high production values, have gained international recognition and have been well-received by audiences both domestically and abroad. This has resulted in increased interest in local cinema and a boost in ticket sales for Nordic films. As a result, cinema operators have been more inclined to showcase and promote local productions, further driving the growth of the Cinema Tickets market in the region. Trends in the market also indicate a shift towards online ticket purchasing. With the proliferation of smartphones and the convenience of mobile apps, customers in the Nordics are increasingly opting to buy their cinema tickets online. Online ticket platforms offer a seamless and user-friendly experience, allowing customers to browse movie listings, choose their preferred seats, and make secure payments with just a few taps on their screens. This trend has not only simplified the ticket-buying process but has also provided cinema operators with valuable data on customer preferences and behavior, enabling them to tailor their offerings and marketing strategies accordingly. Local special circumstances in the Nordics, such as the long winter months and the high cost of living, contribute to the development of the Cinema Tickets market. During the colder seasons, people in the region seek indoor activities, and going to the cinema provides an enjoyable and cozy entertainment option. Additionally, despite the relatively high cost of living in the Nordics, cinema tickets are considered a relatively affordable form of entertainment compared to other recreational activities, making it a popular choice among consumers. Underlying macroeconomic factors, such as the strong economy and high disposable income levels in the Nordics, also play a role in the growth of the Cinema Tickets market. The region's stable economies and low unemployment rates have resulted in increased consumer spending power, allowing individuals to allocate a portion of their income towards leisure activities, including going to the movies. This favorable economic environment has created a conducive market for cinema operators, driving ticket sales and overall market growth. In conclusion, the Cinema Tickets market in the Nordics is developing due to customer preferences for immersive entertainment experiences and the increasing popularity of local film productions. Online ticket purchasing, local special circumstances, and underlying macroeconomic factors also contribute to the growth of the market in the region.

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.