Government of Saudi Arabia is committed to improving the quality of life of citizen by implementing its "Vision 2030". Saudi authorities are working towards social and economic development of people by utilizing the untapped potential of the non-oil sector. Lifting the 35-year ban on Cinema industry was one of the steps taken to achieve "Vision 2030" by government. Development Investment Entertainment Company (DIEC) is working for the development of the cinema (Multiplex) industry with the proposed budget of SAR 1 Billion to GDP and creates 1,000 direct jobs by the year 2020. Saudi Arabia Cinema Market is expected to be more than USD 1.2 Billion by the end of the year 2030.
Quality of Life Program (QoL) 2020 is committed to developing 45+ multiplex by the year 2020 in the Kingdom of Saudi Arabia. Major cities of Saudi Arabia Riyadh and Jeddah are getting huge investment from local and international companies. Multiplex is available in 3D/4D, IMAX, VIP/Premium, Standard, and other formats in Saudi Arabia.
This report titled “Saudi Arabia Cinema Market by Revenue (Tickets/Box Office, Other sources), Multiplex Format (3D/4D, IMAX, VIP/Premium, Standard and Others), Region (Riyadh, Jeddah, Other Cities) End User (Family, Spouse, Single Moviegoers/Alone, Kids-Only and Others) & Companies (AMC Entertainment, VOX, IMAX)” provides a complete analysis of Saudi Arabia Multiplex Market.
Tickets/Box Office is the Primary Source of Revenue for Saudi Arabia Cinema Market
Tickets/Box Office and Other sources are primary sources for Saudi Arabia Cinema market. Other sources are also contributing to the revenue of Cinemas from selling food and beverages like popcorn, soft drinks, and income from advertisement.
Standard Format of Multiplex holds the Highest Market Share
In this report, we have done a comprehensive assessment of Cinema format market in Saudi Arabia; 3D/4D, IMAX, VIP/Premium, Standard and Others. The standard format of Cinema holds a significant market share. 3D/4D, IMAX, and VIP/Premium will be the choice of Saudis in the upcoming years.
Riyadh will be the Hub for Multiplex in Saudi Arabia
Being the largest city and capital city of Saudi Arabia, Riyadh holds a significant part of the Cinema market in Saudi Arabia. Cinema market in regions like Jeddah and other cities will also grow in the forecasted period according to the research analysis.
Market by End-User Segment of Multiplex
For End-User segments, Saudi Arabia Cinema Market is divided into Family, Spouse, Single Moviegoers / Alone, Kids-Only, and Other sections. Families, Spouse, Single Moviegoers / Alone are the primary sources of revenue.
By Revenue
- Tickets / Box Office
- Other Sources
Market by Cinema Format
- 3D/4D
- IMAX
- VIP/Premium
- Standard
- Others
Market by Region
- Riyadh
- Jeddah
- Others
Market by End User
- Family
- Spouse
- Single Moviegoers/Alone
- Kids
- Others
Company
- AMC Entertainment
- VOX
- IMAX
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
Companies Mentioned
- AMC Entertainment
- IMAX
- VOX
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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