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Motion Pictures Market Report
Motion Pictures Market Trends, Dynamics & Market Insights
The Motion Pictures Market is projected to grow from USD 43.6 billion in 2020 to USD 61.8 billion by 2026 at a CAGR of around 6.1% during the forecast period.
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The motion picture is defined as a series of pictures that are projected on a screen in rapid succession with objects shown in successive positions slightly changed to provide the optical effect of a continuous picture within which the objects move. supported genre, motion pictures is categorized as action, adventure, animation, biography, comedy, and crime.
Key players operating in the Motion Pictures market are-
The growth of the motion pictures market is primarily driven by the significant growth of the entertainment industry across geographies. Increasing spending on entertainment and leisure services coupled with the rising working population and per capita disposable income of the consumers is likely to drive the market growth at a significant rate during the review period. In addition to this, rising demand for advanced motion pictures is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the motion pictures market has been bifurcated into adults and kids. The adults' segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing spending on entertainment services by the millennials.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding entertainment industry coupled with easy internet access in the developing countries particularly China and India. The market in North America is expected to be driven by high product demand and the presence of key market players such as The Walt Disney Company (US) and CBS Corporation (US).
Covid-19 outbreak impacted the growth of the motion pictures market positively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn resulted in increased demand for motion pictures online.
Here is the list of the group of customers that the motion picture market hopes to have the greatest opportunity to convert-
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The motion pictures market is expected to witness an impressive growth of 6.1% CAGR in the coming years.
CBS Corporation (US), Sony Group Corporation (Japan), The Walt Disney Company (US), Warner Media, LLC (US), Twenty-First Century Fox, Inc. (US), ViacomCBS Inc. (US), Comcast Corpora-tion (US), MARVEL (US), Lionsgate Films (US), The Weinstein Company (US), Metro-Goldwyn-Mayer Studios Inc. (US) and DreamWorks Pictures (US) are among the key players in the motion pictures market.
The motion pictures market size is expected to reach USD 61.8 billion in the foreseeable future.
The adults' segment is expected to register significant growth in the motion pictures market in the coming years.
Asia-pacific accounted for the largest share in the motion pictures market during the next five years.
Motion pictures distributors, Motion pictures suppliers, Motion pictures manufacturers, Logistics organizations, Government bodies are the target audience in the motion pictures market.
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