San Francisco, CA (PRWEB) December 19, 2012
In 2012, the Cinema industry in China is expected to generate $2.6 billion, with annualized growth of 36.6% in the past five years. Cinemas in cities such as Beijing and Shanghai contributed the most to industry revenue due to the higher average disposable income levels and a higher concentration of cinemas in these cities.
Revenue of the top four industry participants – Dalian Wanda, China Film Stellar Film Chain, Shanghai Film Group and Shenzen China Film South Cinema Circuit – is estimated to account for about 44.5% of total industry revenue in 2012, which represents a medium industry concentration level. The majority of enterprises in the industry are small-scale and operate locally. Few enterprises own chain cinemas and operate in several regions. Cinema chains in China mainly operate in areas with relatively higher economic levels, such as Beijing, Shanghai and Guangzhou.
Despite the rising price of movie tickets, visiting the cinema is an inexpensive form of entertainment compared with other leisure activities such as visiting theme parks. Driven by increased demand and rising cinema numbers, the Cinema industry is forecast to continue growing strongly, says IBISWorld. Furthermore, stricter copyright protection regulations and enforcement will lead to a more standardized market environment.
For more information, visit IBISWorld’s Cinemas in China industry report page.
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IBISWorld Industry Report Key Topics
The Cinema industry in China screens films and other videos to a paying audience. The industry's establishments can be cinemas, auditoriums, open-air movie theaters, video theaters and other venues.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.