Brandessence Market Research has published a new report title and According to Study “Drive-in Movie Theater Market is valued at USD 4.07 Billion in 2017 and expected to reach USD 9.13 Billion by 2027 with a CAGR of 8.42% over the forecast period”.
Drive-in Movie Theater Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Watching movie along with safety precautions is a key driving factors for the growth of Drive-in Movie Theater Market.
Scope of Drive-in Movie Theater Market Report:
Drive-in Cinema or Drive-in Theater consists of outdoor cinema facility with large outdoor movie screen, projection system and concession stands. The drive-in Theaters are based on parking areas for vehicles. This enables the viewers to watch shows or movies at their comfort zone and privacy in their cars. In the early 1930s, the drive-in theaters caught attention due to integration of movies and automobiles. The drive-in cinemas provide a unique feature of micro broadcasting, where audience’s in-car stereo systems pick the soundtrack of movies for high quality and fidelity. The screens in open areas can have simple white painted walls or steel structure. Food truck vehicles can provide their services as concession stalls.
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COVID-19 had severe impact on industries all around the globe, Drive-in Theater proved to be COVID-safe site with shared entertainment experiences from the comfort zone as they meet the criteria of social distancing measures. Around the world, shopping malls and restaurant parking lots introduced in-drive movies, live shows and other performances to generate more revenue. On the other hand, the government has imposed lock down to prevent the spread to Coronavirus has negatively impacted the market growth.
Global Drive-in Movie Theater Market Segmentation:
Global Drive-in Movie Theater System Market report is segmented on the basis of Area, Components, Application, and Region & country level. Based upon area, Global Drive-in Movie Theater market is classified as small scale area and large scale area. On the basis of components, the market is classified into Movie screen, Audio & Video components and Concession stands. On the basis of application, market is classified as Restaurants Parking lots and Theater Parking lots.
By Area:
Small scale area
Large scale area
By Component:
Movie screen
Audio & Video components
Concession stands
By Application:
Restaurants Parking lots
Theater Parking lots
The regions covered in this Global Drive-in Movie Theater Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Drive-in Movie Theater is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Key Players for Global Drive-in Movie Market Report:
Some major key players for Global Drive-in Movie Theater Market are Marcus Corporation, 66 Drive-in, Lunar Drive-in Theater, Spud Drive-in Theater, Wellfleet Drive-in Theater, Mansfield Drive-in and others.
Drive-in theater opened by Waltham’s Craft Food Hall
January 30, 2021; Craft Food Hall in Waltham turned their parking lot into drive-in theater to encourage people for dinner out with safety. The guests can buy tickets online for $20 per car, order their food and pickup before heading to watch movie. The food hall worked with city officials and partnered with Boston Audio to implement their overall plan.
Continuous development in entertainment industry along with increasing investment in new theater technology is a key driving factors for the growth of Drive-in Movie Theater Market
The major factors driving the growth of Global Drive-in Movie Theater Market is constant development in entertainment industry all around the globe couple with innovation of new theater technology. Additionally, rising consumer spending as well as digitization in the entertainment industry are also expected to fuel the demand for Drive-in Movie market. Moreover, during COVID-19 pandemic, mass gathering were a strict no and closure of movie theaters gave boost to in-drive movie cinemas. As these places offer naturally social distance measures, local business converted old parking lots to in-drive movie theaters to make up the lost income. This innovative solution drives the market of other businesses by adopting in-drive movie theater facilities. However, rise in other entertainment options like watching movies or shows at home has created uncertainty in the market and is major cause of low number of drive-in theaters globally. Following proper safety precautions and better marketing strategies can open opportunities in the drive-in movie theater market.
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North America is dominating the Global Drive-in Movie Theater Market
North America is expected to dominate the Global Drive-in Movie Theater Market within the forecast period attributed to greatest number of drive-in theaters in this region. The America is birthplace of drive-in movie theaters and is the only region with more than 300 drive-in theaters. According to United Drive-In Theater Owner Association (UDITOA), 305 drive-in theaters present in The U.S as of October, 2019. Countries like Australia, Germany and others have also few numbers of drive-in theaters. Asia Pacific is expected to show significant growth over the period of time owing to the increase in drive-in movie theater as well as continuous growth in entertainment industry.
Key Benefits for Global Drive-in Movie Theater Market Report:
Global Drive-in Movie Theater Market report covers in-depth historical and forecast analysis.
Global Drive-in Movie Theater Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Drive-in Movie Theater Market report helps to identify opportunities in marketplace.
Global Drive-in Movie Theater Market report covers extensive analysis of emerging trends and competitive landscape.
Drive-in Movie Theater Market By Regional & Country Level:
North America
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
Mexico
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
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