Movie Tickets Market Comprehensive Shares, Historical Trends And Forecast By 2027
• There is lockdown in various countries due to COVID-19 situation which also led to the shutdown of the cinema halls and eventually affected the rate of booking of movie tickets.
• Cinema halls are not expected to open soon post COVID-19 situation for protective measures.
• However, movie theatres and cinema halls are important places for recreation and thus when they will be operational; people will surely go which will lead to the growth of the movie tickets market.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Increase in demand for hassle-free and convenient ticket booking alternatives plays a prominent role in the growth of the movie tickets market. Despite, the customers are required to pay additional charges for online movie ticket bookings, they opt for such services as it saves time and helps in avoiding the struggle of standing in the queues.
Further the improvements in the internet speed and connectivity, such as the introduction of 4G has helped customers to easily access the services related to online movie ticket booking over the internet-connected TVs, tablets, and mobile phones.
However, the rise in the popularity of home theatres which possess supreme quality sound and deliver theatre experiences at the comfort of home and the budding market of OTT players hamper the growth of the movie tickets market. Also, increase in the number of online fraud transactions inhibit the growth of the market.
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The global movie tickets market trends are as follows:
Offering user friendly experiences
Customer satisfaction holds supreme importance for the major players of this market. Hence, companies make sincere efforts to attract and retain the customers for the longer time. Many of the companies redesign their websites and mobile applications at regular intervals to offer satisfactory experience to the users whenever booking the tickets online.
Many of the companies offer deals and discounts on the booking of movie tickets, which attracts the attention of the people.
The market for movie tickets is expected to grow in the region of Latin America and Asia-Pacific during the forecast period. The primary reason for the same is rise in disposable incomes in the economies like China, India, Mexico, and Brazil. Populations of these regions are now willing to spend more amount of money on the leisure activities. Change in the lifestyle and launch of more multiplexes and movie theatres are also expected to help boost the growth of the movie tickets market in this region
Companies covered Atom Tickets LLC., Cineplex Entertainment LP, Mtime.com Inc., Kyazoonga, PVR Cinemas, Moviefone, BookMyShow, Paytm, Vue, Fandango, Alibaba Group, INOX Leisure
Key Benefits of the Report:
• This study presents the analytical depiction of the global movie tickets industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global movie tickets market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global movie tickets market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global movie tickets market analysis based on competitive intensity and how the competition will take shape in the coming years.
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