Cinema and Stadium Chairs Market Analysis - Global Industry Size, Share, Trends and Forecast 2020 - 2027

Category : Construction and Manufacturing | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2347

Increasing consumer spending on entertainment and players focus on enhancing the consumers seating experience are major factors expected to drive the growth of global cinema and stadium chairs market.

Over the last few years, the cinema industry has witnessed rapid change with the growing demand or Netflix, Amazon and other media providers are focused on enhancing the cinema industry. Theater are equipping themselves with advanced technology that offer higher quality picture, heightened realism, pristine audio systems that is customized for an optimal experience. Likewise they are enhancing the seating experience of customers. Their approach from traditional seating is taking a leap towards various alternatives such as din-in cinema seating, seating with privacy booths, etc. Manufacturers are investing highly for product development. They are focused on providing seating with advanced solutions such as seat fitted with optional extras, such as individual integrated tables, USB/wireless in-seat charging points, LED lamps and electronic tablets.

Increasing sports activities across the globe, consumers approach towards having live sport experience is gaining traction. Players are inclining towards adoption of premium and VIP seating arrangement in order to deliver better hospitality. Increasing government spending on sports industry and rise in construction of new sports stadium projects is expected to increase demand for new technologically advanced and luxury seats. In 2019, Gujarat Cricket Association started a new project related to establishment of world's largest cricket stadium and was initiated in collaboration with the Larson & Toubro (L&T). SoFi Stadium a privately built sport stadium by Los Angeles Rams owner is expected to be world's most expensive stadium with seating capacity of 70,000, which can be expanded to 100,000 when needed. It will also feature 260 luxury suites and 13,000 premium seats.

In addition major players approach towards business development through strategic merger and establishment of new branch overseas is expected to augment the growth of cinema and stadium chairs market. In 2020, Kotobuki Seating Co. a global manufacturer of seating for public facilities incorporation of a new subsidiary company, Kotobuki Seating Espana. This is expected to help the company to enhance the business and increase the customer base in Spain. Factors such as high cost of chairs and high cost associated to renovation of seating system is expected to hamper the growth of global cinema and stadium chairs market. In addition, changing government regulation related to public safety & ticket price and high competition is making it difficult for players operate further expected to challenge the growth of global cinema and stadium chairs market.

Increasing advancements by major players for seats advancements and rise in number of sports stadium and redevelopment projects are factors expected to create new opportunities for players operating in target market over the forecast period. In addition, major players approach towards emerging economies in order to enhance the business is another factor expected to support the revenue transaction of cinema and stadium chairs market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the cinema and stadium chairs market due to increasing consumer spending on live sport experience. In addition, presence of large number of players operating in the country and introduction of advanced solution are factors expected to support the growth of regional market.

Increasing business development activities with the focus to increase the customer base and enhance the product portfolio is expected to boost the growth of cinema and stadium chairs market.

Competitive Landscape      

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market

 Global Cinema and Stadium Chairs Market

Analysis Period

 2016 – 2027

Base Year

 2019

Forecast Data

 2020 – 2027

Market Stratification

 Product, Application, and Geography

Regional Scope

 North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

 Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Cinema and Stadium Chairs Market Segment Analysis, 2019

The global cinema and stadium chairs market is segmented into product and application. The product segment is bifurcated into wood, plastic, metal, and others. Among the product the wood segment is expected to account for significant revenue share in the target market. The application segment is divided into cinema theaters, auditorium, sports stadiums, and others. Among the application the sports stadium segment is expected to account for major revenue share in the global market due to high spending on sports industry by the government and increase sport stadium construction projects.

The players profiled in the report Ferco Seating Systems, Caloi, Hussey Seating Company, Southern Bleacher, Inc., Irwin Seating Company, SERIES Seating, TSI, Mobiliario, Kundan Chairs Private Limited, Seatiing Private Limiited, RK Seating Systems and Royal Audi Chairs.

Market Segmentation

Market By Product

Wood

Plastic

Metal

Others

Market By Application

Cinema Theaters

Auditorium

Sports Stadiums

Others

Market By Region

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


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