Global Movie Theatres Market: Size & Forecastswith Impact Analysis of Covid-19 (2020-2024 Edition)
A brief company profiling of major market players namely AMC, Regal Entertainment, and Cinemark has been provided in the report on the basis of aspects like business overview, financial overview and business strategies adopted by respective companies
By: Daedal Research
The report provides detailed regional/country analysis of the US, Asia Pacific, China, India, EMEA, the UK, Netherlands and Latin America for the movie theatre market. Regional analysis including market sizing by value of each region, historical and forecast.
Regal Entertainment (Cineworld Group Plc)
The global movie theatre market has grown at a rapid pace in the past few years with the high growth of the global box office market. The global box office market increased at a notable CAGR over span of five years, i.e. 2015-2019 and predictions are that the market would follow the same trend over the forecasted period as well i.e. 2020-2024. Growth in the market are primarily driven by factors such as: digitization in the media and entertainment space, innovation in the film industry, rising number of frequent moviegoers, investment in new theatre technology and rising consumer spending on box office etc.
Covid-19 led to closure of movie theaters. Recently, movie theaters are resuming operations with measures such as social distancing and sanitization. However, the response from moviegoers has not been encouraging. The people are concerned of contracting the incurable disease inside cinema halls due to the anticipated fear of inability to adhere to physical distancing.
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