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Movie Theater Market Trends

Report ID: GMI5907
Published Date: Apr 2024
Report Format: PDF

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Movie Theater Market Trends

Increasing use of virtual reality technology and incorporating ScreenX technology is the notable trend in the global movie theater industry. ScreenX is a panoramic film format which presents films with an expanded, dual-sided, 270-degree screens projected on the walls in a theater. As of 2022, the ScreenX theater technology is installed in 364 screens in 37 countries.

In addition, creating a more diverse and inclusive movie theater experience has also gained more focus. For instance, movie theaters are now installing synchronized theater seat that can move in sync with the movie action and special VFX generators in the cinema, allowing viewer to feel the movie's motion, jolts, pokes, wind, water, and even scents. The market in constantly adopting new technology to enhance the overall theatrical experience with the focus on diversity.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of movie theater reached USD 69.7 billion in 2023 and is set to depict 5.1% CAGR from 2024 to 2032, due to release of highly anticipated films, and growing popularity of immersive formats like IMAX.

The multiplexes segment recorded USD 32.2 billion in 2023, owing to the ability to transform the movie-going experience by offering an extensive lineup of films, and showtimes.

Asia Pacific market size was USD 25.2 billion in 2023, on account of the growing population and emergence of new multiplexes.

AMC Entertainment Holdings, Inc., B&B Theatres, CGR Cine?mas, Cinemark Holdings, Inc., Cinemex, Cineplex Inc., Cinépolis, Cineworld Group plc., CJ CGV, Odeon Cinemas Group, PVR INOX Ltd, UGC, Vue International, Wanda Film Holding Co., and Yelmo Cines are some of the movie theater companies worldwide.