Cinema Tickets - Norway

Norway

Highlights

Revenue in the Cinema Tickets market is projected to reach US$105.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.32%, resulting in a projected market volume of US$110.70m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 1.3m users by 2028.
User penetration will be 22.8% in 2024 and is expected to hit 22.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$82.24.
In global comparison, most revenue will be generated China (US$6.96bn in 2024).
With a projected rate of 22.8%, the user penetration in the Cinema Tickets market is highest Norway.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Tickets market in Norway is experiencing steady growth due to several factors.

Customer preferences: Norwegian customers have shown a strong preference for cinema experiences, with a significant portion of the population regularly attending movies. This is partly due to the country's high standard of living and disposable income, allowing people to indulge in entertainment activities such as going to the cinema. Additionally, the popularity of international films and the availability of a wide range of genres cater to diverse customer preferences.

Trends in the market: One of the key trends in the Norwegian cinema tickets market is the rise of online ticket booking platforms. Customers now have the convenience of booking their tickets in advance from the comfort of their homes, avoiding long queues at the cinema. This trend has been further accelerated by the COVID-19 pandemic, as people have become more accustomed to digital solutions. As a result, online ticket sales have seen a significant increase. Another trend in the market is the growing demand for premium cinema experiences. Norwegian customers are willing to pay a premium for luxury cinema halls that offer enhanced features such as reclining seats, gourmet food options, and immersive audiovisual technologies. This trend reflects the desire for a more immersive and high-quality movie-watching experience.

Local special circumstances: Norway's unique geographical landscape and climate contribute to the popularity of cinema as an indoor entertainment option. The country experiences long, dark winters, and going to the cinema provides a cozy and enjoyable activity for both locals and tourists. Additionally, the Norwegian film industry has gained international recognition, with several acclaimed films being produced in the country. This has further fueled interest in cinema among the local population.

Underlying macroeconomic factors: Norway has a strong and stable economy, with high levels of disposable income among its population. This allows people to allocate a portion of their budget towards entertainment activities such as going to the cinema. Furthermore, the country has a well-developed infrastructure, with a high number of cinemas located across different cities and towns. This accessibility contributes to the overall growth of the cinema tickets market. In conclusion, the Cinema Tickets market in Norway is thriving due to customer preferences for cinema experiences, the rise of online ticket booking platforms, the demand for premium cinema experiences, the country's unique circumstances, and the underlying macroeconomic factors. As these factors continue to shape the market, the cinema tickets industry in Norway is expected to witness further growth in the coming years.

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.