Explosive Growth on the Horizon: China's Movie Market Set to Soar at 9.71% CAGR from 2022 to 2028
06 Sep, 2023

According to Renub Research's latest report, "China Movie Market, Size, forecast 2022-2028, Industry Trends, Share, Growth, Company Analysis," China Movie Market size is estimated to reach US$ 8.11 Billion by 2028. China is the world's fastest-growing flim industry. In the coming years, China's box office revenue shall gain the world's largest, crushing North America as the biggest market in box office revenue and the number of viewers worldwide. The emergence of new forces powered by globalization, the Internet, and finance will fuel the market's growth. Internet companies, led by BAT and real estate developers, have used resource advantages to penetrate the entertainment industry and create an ecosystem gradually.

Increasing the quota of foreign films in China, growth in the number of 3D screens, rising disposable incomes, and the growing number of working populations fuel the China Film Market. The introduction of the movie circuit system, the fast-paced technological advancement in the filmmaking and film-screening equipment manufacturing industries, and other reasons have all contributed to the expansion of the movie industry in china. The "new behemoth" in the future will be the internet movie market.

Over the last decade, movie theaters and movie screens showed increasing expansion. According to Renub Research in April 2022, there are about 12,000 movie theaters with a standard of 6.8 movie screens. Among the 50 movie chains in the nation, Dadi Digital, China Digifilm, and China Film Southern employed the most theaters. However, Wanda Movie Line located #1 in terms of container workplace sales. Since 2015, ticket sales in all film chains have crowned 1.2 billion, which were increasing gradually earlier than the epidemic.

Report Details:

Domestic movie is predicted to have a sizable hold in the market percentage.

In 2021, the most range of films shown in China turned into domestic productions. To reply to the movie needs of rural inhabitants, the Chinese authorities started out the "Rural Film Projection Programme," with the motive of giving at the least one film displaying each village each month. Significant economic expenditures, totalling to loads of thousands and thousands of RMB every year, were dedicated to equip rural regions with digital movie equipment. This task has resulted inside the creation of a complete Public Service System, allowing get entry to a broad sort of films for the agricultural populace.

The infrastructural expansion is relatively young in the China film industry and has witnessed a massive over the past two decades. With an increasingly capable China film industry that has churned out high-quality films one after another in recent years, filmmakers are able and willing to tell China's stories. As a result, Chinese people now expect to see more stories representing them.

The infrastructural growth is notably young in the China movie industry and has witnessed a big over the past two a long time. With an increasingly more capable movie industry in China that has churned out tremendous movies one after every other in current years, filmmakers are able and inclined to inform China's memories. As a end result, Chinese people now expect to look greater memories representing them.

China's film industry is growing with high-quality performers, fascinating testimonies, and technology breakthroughs, resulting to strong box-office effects. The development of splendid neighbourhood movies has skyrocketed, organising new milestones in sales, target market reach, and profits. Government assistance, together with tax incentives and investments in cutting-edge studios, has been a crucial driving component at the back of this upward thrust. The increasing middle class with extra disposable incomes has boosted the want for leisure, making movie a famous amusement pastime. Additionally, China continues stringent manage on movie imports to keep the indigenous movie industry. The Chinese Communist Party's participation in the movie market, mainly selling films celebrating its foundation, in addition enables to the upward thrust of the local film marketplace.

1ST Tier & 2nd Tier cities in China held the maximum market share.

Almost half of all moviegoers in China live in cities ranked third or lower. The figures above reflect a significant rise over previous years. Because of the accessibility and availability of new theatres, infrastructure, and individuals ready to pay greater rates for tickets, the first and second-tier cities in China captured the majority of the China movie business. As a result, these cities' ticket costs are growing faster than the rest of the countries.

To seek further growth outside the saturated higher-tier market, movie operators have been eyeing consumers in less-developed cities and townships. As a result, about 60 percent of new movies locations are in these lower-tier regions. Moreover, with the rising disposable income of the middle-class population in China, the installation of 3d screens in China is growing at a rapid pace, the film quota of imported movies is increasing year on year, and a gradual decrease in the ticket price, especially in 4th and 5th tier city.

Competitive Landscape:

IMAX China Holding, Alibaba Pictures Group Limited, Huayi Tencent Entertainment Company Limited, Perfect World, China Film Company Ltd, Beijing Enlight Media, and Wanda Film Holding Co Ltd are major key players.

Market Summary:

China Movie Market covered from 2 viewpoints:

1.    Domestic (Chinese) Movies
2.    Imported Movies

Tier City – China Movie Market covered from 5 viewpoints:

1.    1st Tier Cities
2.    2nd Tier Cities
3.    3rd Tier Cities
4.    4th Tier Cities
5.    5th Tier Cities

China Movie Industry Analysis covered from 2 viewpoints:

1.    Movie Screens in China
2.    Movie Admission in China

Tier City – China Movie Ticket Pricing Analysis covered from 5 viewpoints:

1.    1st Tier Cities
2.    2nd Tier Cities
3.    3rd Tier Cities
4.    4th Tier Cities
5.    5th Tier Cities

Company Analysis has been covered from 3 viewpoints:

•    Overview
•    Recent Development
•    Sales Analysis

Company Insights:

1.    IMAX China Holding 
2.    Alibaba Pictures Group Limited 
3.    HuayiTencent Entertainment Company Limited
4.    Perfect World
5.    China Film Company Ltd 
6.    Beijing Enlight Media
7.    Wanda Film Holding Co Ltd

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