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
- 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
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:
Ankur Gupta, Head Marketing & Communications