Showing posts with label Saudi Arabia Theater Market Share. Show all posts
Showing posts with label Saudi Arabia Theater Market Share. Show all posts

Friday, July 22, 2022

Saudi Arabia Movie Theatre Market- Outlook & Growth Rate 2026: Ken Research

 

Saudi’s cinema industry attracts the attention of movie theater stakeholders worldwide and is on track to becoming the leader in the region: Ken Research

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 2026growth 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 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 Theater 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 Theatre Market in Saudi (Market Size, 2021; Market Segmentation; Market Shares; Competition Overview; Future Market Size, 2026F)
  • SCustomer 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

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Saudi Arabia Movie Theatre Market- Growth Rate, Forecast and Analysis 2026: Ken Research

 

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” provides a comprehensive analysis of the Saudi Arabia Movie theatre market. The report also covers an overview and genesis, of revenue generated by the industry. Further, the report also includes the competition overview of the cinema market. The report concludes with future market projections of each product segmentation.

Saudi Movie Theater market Overview and Size:

Saudi movie market to show a steady growth rate over the review period 2021-2026F. The movie theater industry in Saudi Arabia rose after a 35-year hiatus under the leadership of millennial King Salman. The competition is currently concentrated between a few market leaders who contribute a major chunk of the revenue generated by the market.

Detailed Analysis of the Saudi Arabia Theater Market:

The Saudi government, in a bid to increase entertainment opportunities in Saudi Arabia, allowed the screening of movies in 2018. AMC Cinemas was the first international movie theater chain to operate in Saudi Arabia with the KAFD screen that accommodated 490 patrons. As of December 2021, more than 50 movie theaters were operational across Saudi Arabia, with a maximum number of theatres in Riyadh. It is a concentrated market, largely dominated by three major movie theater operators namely AMC, VOX, and MUVI Cinemas, with the latter being a homegrown venture. Saudi Theatre Market is set to grow at a positive growth rate in the period 2021-2026F. With licenses being granted to more and more international movie theater operators, the market stage can be expected to enter late growth during the forecast period. As more players enter the market, the competition is also estimated to become less concentrated.

Theater Market Segmentations:

By Ticket Sale: Ticket sales constitute the majority share of total movie theater revenues. As the cinema industry is still nascent, this segment will continue to dominate.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ1

By F&B revenue: F&B revenues are still growing and are not at par with countries with fully matured theater industries, where their share of revenue dominates movie theater revenue. Theaters have recently started to involve third-party vendors to operate in their locations. On average, Saudi spends between 40-60 SAR on F&B.

By Advertisements and Sponsorships: Advertisement and sponsorship revenues are related to the pricing of the advertisement exhibition and the duration of the exhibition. Moreover, advertisements can be digital, in movies, and traditional in terms of posters and banners as well

Key Segments Covered

Theatre Market Market Segmentation

By Source of revenue

  • By Ticket Sale
  • By F&B revenue
  • By Advertisement and Sponsorship

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 Theater 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 Theatre Market in Saudi (Market Size, 2021; Market Segmentation; Market Shares; Competition Overview; Future Market Size, 2026F)
  • SCustomer 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

Middle East Theme Park Market Outlook to 2021 - Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth

Global Animal Theme Parks Market 2020 by Company, Regions, Type, and Application, Forecast to 2025

UAE Theme Park Market Outlook to 2021 - Increasing Inflow of Tourists and Development of Multi-Themed Parks to Foster Future Growth

Follow Us

LinkedIn | Facebook | Twitter YouTube

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249