India Multiplex Market Is Projected To Surpass 4500 Screens By 2024
Market Reports on India Provides the Trending Market Research Report on “ India Multiplex Market, By Screen Type (Classic Vs. Premium), By Region, By Major States, Competition, Forecast & Opportunities, 2014 - 2024 ” under Retail category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. India M ultiplex M arket stood at 2950 screens in 2018 and is projected to grow at a CAGR of over 7% to surpass 4500 screens by 2024. Growth in India multiplex market can be attributed to increasing youth population, growing urbanization and hence, rising demand for better infrastructure and enhanced facilities in the cinemas across the country which is leading to development of multiplex market in India. Additionally, increasing disposable income of middle-class urban population, especially in tier-I and tier-II cities has led to a shift in consumption pattern from savings to spending owing to which pe...