$6.0bn
$XXX.Xm
95,085
1,229
$XXX.Xm
The Movie Production industry in China is estimated to generate $6.0 billion in 2023. Revenue is expected to decrease at an annualized 5.0% over the five years through 2023. The rapidly rising in the previous years was due to consumption of power, and desire for cultural and entertainment products have fueled the industry's growth. In 2020, revenue is anticipated to decrease by 70.0% due to the negative influence of the COVID-19 pandemic. In 2021, with the recovery of box office of movies, revenue is expected to increase by 245.9% to $8.7 billion. In 2022, China's film market is even more deeply affected by the epidemic, and most theaters have the experience of shutting down due to lockdown. During 2023, with recovering of box office of movies, industry revenue is expected to increase by 42.1% to $8.4 billion.Chinese films have become popular and account for almost two-thirds of total movie tickets sold in China in terms of value. This growth has occurred due to the improved quality of domestic films featuring well-known Chinese actors and directors. Nonetheless, many Chinese-made films are still low-budget, with low commercial value, leaving high potential for improvements in quality. The industry includes 1,229 movie production companies employing 95,085 people with a total payroll of $775.4 million in 2023.As the effects of the COVID-19 outbreak abate, increasing consumer demand for movies and rising production quality and budgets are forecast to support growth in the Movie Production industry over the next five years. Revenue is anticipated to rise at an annualized 6.8% over the five years through 2028, to total $8.4 billion. Stricter copyright protection regulations and enforcement will likely lead to a more standardized market environment, which will also promote the industry's development.
Industry revenue has declined at a CAGR of 5.0 % over the past five years, to reach an estimated $6.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
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There are no companies that hold a large enough market share in the Movie Production in China industry for IBISWorld to include in this product.
Movie Production in China
Industry revenue is measured across several distinct product and services lines, including Feature films, Documentary and special films and Educational films. Feature films is the largest segment of the Movie Production in China.
Feature films are the most important segment
The Movie Production industry produces and distributes feature, educational, animated and special films, and documentaries.
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Rising household disposable income is helping the sector continue to grow. Chinese household disposable income has improved significantly in the past decade, and the film pro...
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Feature films represent the most important product segment in the industry. Feature films usually last about 90 minutes, however recently there have been micro films that las...
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Beijing generates the largest share of revenue. As a cultural exchange center, Beijing generates the largest share of revenue for the film production industry.
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A strong basis of competition is capital. Since the planning, production and post-production stages of a film all involve a large amount of capital, industry players compete ...
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Many companies are experiencing technological breakthroughs. With the development of science and technology, domestic enterprises have made breakthroughs in cutting-edge proj...
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Household disposable income is growing. As the disposable income of Chinese households increases, the demand for leisure and entertainment activities, including watching movi...
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Profit can come from a wide range of sources. In addition to box office revenue, the film production industry also generates revenue from different sources.
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Movie Production industry in China is $6.0bn in 2024.
There are 1,229 businesses in the Movie Production industry in China, which has declined at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Movie Production industry in China has been declining at a CAGR of 5.0 % between 2019 and 2024.
Over the next five years, the Movie Production industry in China is expected to grow.
Feature films and Educational films are part of the Movie Production industry.
The level of competition is moderate and increasing in the Movie Production industry in China.