The box office market share is expected to increase by USD 21.25 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.78%.

This box office market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers box office market segmentations by genre (action and adventure, comedy, animation, and others) and geography (APAC, North America, Europe, MEA, and South America). The box office market report also offers information on several market vendors, including Amblin Partners, AMC Networks Inc., AT and T Inc., Comcast Corp., Lantern Entertainment, Lions Gate Entertainment Corp., MGM Resorts International, Sony Corp., ViacomCBS Inc., and Walt Disney Co. among others.

What will the Box Office Market Size be During the Forecast Period?

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Box Office Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in number of movie screens is notably driving the box office market growth, although factors such as growing threat of piracy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the box office industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Box Office Market Driver

Increase in number of movie screens is the major driver influencing the box office market growth. The availability of movies from different geographic regions, languages, and genres, along with rising disposable incomes, are attracting people to movie theaters. It is particularly evident in the emerging markets of developing countries. With consumers willing to spend more on entertainment, investments in establishing new digital movie theaters that provide an exceptional movie experience have gone up. The increasing number of theater screens will directly contribute to the growth of the global box office market. The number of digital screens (+17%) and premium large format screens (+11%) also saw double-digit growth globally by 2018. in 2021, 95% of the world s cinema screens are digital. In addition, in 2020, the number of digital cinema screens worldwide was over 203,000, including both digital 3D and digital non-3D theatre screens. Thus, the increasing number of movie screens is expected to drive market growth during the forecast period.

Key Box Office Market Trend

Rising popularity of the box office is the major trend driving the box office market growth. The global box office market is gaining more prominence than local or regional box office markets because films are targeted to cater to an international audience. Hollywood, one of the biggest film industries in the world, generated more than 70% of its revenue in 2019 from the international market. Moreover, the rise in importance of the global box office in encouraging local box offices to create meaningful movies, thereby attracting more investments.Hollywood films are casting actors from China, South Korea, and India besides featuring locations from these countries to ensure better box office collections. For instance, Avengers: The Age of Ultron was filmed in South Korea, while Transformers: Age of Extinction was funded through Chinese investments. Indian actor Irrfan Khan was part of Jurassic World, whereas another Indian actor Deepika Padukone is part of the upcoming xXx: The Return of Xander Cage. Thus, the rising popularity is expected to drive the growth of the global box office market in the future

Key Box Office Market Challenge

The growing threat of piracy is a major hindrance to the box office market growth.  Pirated versions of most of the movies are available either on the Internet or in the form of DVDs at a nominal price. Piracy drastically affects the revenue of the global box office market, as it reduces the profit margin for distributors. For instance, the audio-visual industry in the UK loses $720 million every year to piracy, copyright theft, and copyright infringement..Apart from monetary losses, piracy also degrades the box-office value of acclaimed movies. For one, piracy is difficult to track. Experts can track some downloads from major piracy websites, but once that file is downloaded, it can be distributed and streamed to thousands of other viewers privately. Thus, the piracy of movies reduces the sales at the box office and thus poses a challenge to market growth.

This box office market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global box office market as a part of the global movies and entertainment market within the global media and entertainment sector. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the box office market during the forecast period.

Who are the Major Box Office Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Amblin Partners
• AMC Networks Inc.
• AT and T Inc.
• Comcast Corp.
• Lantern Entertainment
• Lions Gate Entertainment Corp.
• MGM Resorts International
• Sony Corp.
• ViacomCBS Inc.
• Walt Disney Co.

This statistical study of the box office market encompasses successful business strategies deployed by the key vendors. The box office market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The box office market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Box Office Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the box office market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global movies and entertainment market include the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Box Office Market?

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47% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the box office market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The success of movies due to the increasing use of animation will facilitate the box office market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Other 1 Segments in the Box Office Market?

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The box office market share growth by the action and adventure segment will be significant during the forecast period. The action and adventure movie segment typically takes the audience to some extra magnified aspect of life that has not yet or has never been discovered. These action and adventure movies are resilient. Also, during the period of the global COVID-19 pandemic in 2020, with cinema halls closed and the release of films being postponed, the action and adventure genre found ways to survive in different ways, often evolving in the realm of VOD and on over-the-top (OTT) streaming platforms hence increasing their demand.

Besides the above-mentioned factors, the post-COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the box office market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Box Office Market In Regional Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive box office market growth during the next five years
• Precise estimation of the box office market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the box office industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of box office market vendors

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