Growth Potential in the cinema industry: It is expected that Saudi Arabia will become one of the top 20 film industries in the world within the next few years under a new strategy that has established the Kingdom as a "world-class film hub." This will boost Saudi Arabia's entertainment industry. As a result of fantastic leadership and industry experts, there is tremendous growth potential in the Saudi cinema industry. Having laid a lot of groundwork in the last four years, the Saudi cinema industry has already attracted the attention of movie theater stakeholders worldwide and is on track to becoming the leader in the region. Additionally, the cinema industry will promote and preserve national heritage by screening movies produced by local producers and will export local content internationally.
COVID-19 Impact on Saudi Arabia Theatre market:
COVID-19 negatively impacted the market in the country as there was a complete lockdown. Even after the lockdown had been lifted, people were still afraid to watch a movie due to health concerns. Nevertheless, as the covid cases have decreased, the recovery has been evident and will continue. In the coming 5 years, however, it is thought that occupancy will decrease because there is going to be a rapid increase in theatres, as well as OTT platforms that are becoming very popular amongst people for their convenience.
Many Saudi residents travel to neighboring countries to enjoy entertainment, including the UAE and Bahrain. The cinema industry can be stimulated by investing in cinemas within the country to reverse this trend and inject recreational spending back into Saudi Arabia as the spending power of the Saudi people is high, and they are ready to pay an extra penny to have the best experience.
The report titled “Saudi Arabia Movie Theater Market Outlook to 2026” growth is driven by ambitious government initiative, influx of multi-national movie theater companies and pent-up demand for feature cinema” by Ken Research suggested that the Theater market in Saudi is expected to grow at a positive double-digit CAGR over the next few years. The market size of the ticket sold, F&B revenue, advertisement, and sponsorship are expected to grow over the next few years at a positive rate.
Key Segments Covered
Theatre Market Segmentation
By Source of revenue
- By Ticket Sale
- By F&B revenue
- By Advertisement and Sponsorship
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ1
Investment Model
- By Fixed and capital cost
- Wages and Salaries
- Interest cost calculations
- Operating expenses
- Revenue Model
Time Period Captured in the Report:
- Base Year: 2021
- Forecast Period: 2022F–2026F
Major Players Covered in Saudi Arabia Theatre Market
- Vox Cinema
- AMC Cinema
- MUVI Cinema
- Empire Cinema
- Cinepolis
Key Topics Covered in the Report
Saudi Arabia Movie Theatre Market Introduction
- Market Ecosystem
- Value chain Analysis
- Major Challenges in Saudi Arabia Movie Theatre Market.
- Detailed Analysis of Movie Theatre Market in Saudi (Market Size, 2021; Market Segmentation; Market Shares; Competition Overview; Future Market Size, 2026F)
- Customer Preference for Cinema Viewing Experience in Saudi Arabia
- Investment Model to Setup Movie Theater in Saudi Arabia
- Case Study on Successful Movie Theater Ventures
- Overview of New Cinema Regulatory Regime
For more information on the research report, refer to the below link:
Saudi Arabia Movie theater market outlook to 2026: Ken Research
Related Reports
Global Animal Theme Parks Market 2020 by Company, Regions, Type, and Application, Forecast to 2025
Follow Us
LinkedIn| Facebook | Twitter | YouTube
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
No comments:
Post a Comment