Press release
Rental Outdoor LED Display Market Demand and Growth Analysis with Forecast up to 2030
According to the Market Statsville Group (MSG), the global rental outdoor LED display market size is projected to register a CAGR of 5.5% during the forecast period. The rise in sports events & exhibitions, seminars, ceremonies, and other such events drive the growth of rental outdoor LED displays in the market. In addition, outdoor LED displays offer a viable source of displaying dynamic data, which is easier to manage as compared to hard data, and flexibility to implement prompt changes in the displays during the events. These factors are projected to increase the demand for rental outdoor LED displays.The outdoor LED displays provide several inbuilt features such as exceptional readability, light in a much narrower spectrum compared to the other illumination sources, energy efficiency, minimum operational price, and long life. These are expected to reduce electronic power losses and increase the competent usage of rental outdoor LED displays in the market.
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Global Rental Outdoor LED Display Market Definition
The rental outdoor LED display is an outdoor LED display that is available for rent on a short-term or long-term basis. Outdoor LED displays for rent are in high demand these days because they provide the best possible brightness and are becoming more popular as a result of these features.
Scope of the Global Rental Outdoor LED Display Market
The study categorizes the rental outdoor LED display market based on type, application, rent duration, end-use, and LED size at the regional and global levels.
By Type Outlook (Revenue, USD Million, 2017-2030)
Surface Mounted
Individually Mounted
By Application Outlook (Revenue, USD Million, 2017-2030)
Billboards
Mobile LED Display
Perimeter Board
Traffic Lights
Video Wall
Others
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By Rent Duration Outlook (Revenue, USD Million, 2017-2030)
Short Term
Long Term
By End-Use Outlook (Revenue, USD Million, 2017-2030)
Leisure
Commercial
By LED Size Outlook (Revenue, USD Million, 2017-2030)
512x512mm
576x576mm
1280 x 640 mm
Others
By Region Outlook (Revenue, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
The billboards segment is projected to account for the largest market share, by application
Based on the application, the market is bifurcated into billboards, mobile LED displays, perimeter boards, traffic lights, video walls, and others. In 2021, billboards had the largest market share in the global rental outdoor LED display market. Billboards are large electronic outdoor displays that are placed in high-traffic areas such as busy roads, shopping mall rooftops, and residential buildings. Commercial billboard advertising is becoming one of the most popular trends in the market, with numerous designs for displaying advertisements on billboards. Unlike their print counterparts, which can only display one advertisement at a time, billboards can display multiple advertisements at the same time, resulting in increased market growth.
Asia Pacific accounts for the highest CAGR during the forecast period
Based on the regions, the global rental outdoor LED display market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global rental outdoor LED display market during the forecast period. Due to the increased population in Asia-Pacific, billboard displays account for the largest share of the rental outdoor LED display market, resulting in large crowds for billboards placed on the sides of roads, buildings, and other areas. Mobile LED displays, on the other hand, have gained a strong market foothold because they allow for viable door-to-door advertising in this densely populated region.
Key Market Players in the Global Rental Outdoor LED Display Market
Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations. Major players in the global rental outdoor LED display market are:
Funflicks
Fonix LED
Leyard Optoelectronic
SHENZHEN LEDSINO OPTOELECTRONIC
Promosa
SHENZHEN YUCHIP LIGHTING
ABCOMRENTS
SW Event Technology
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Eric Martin
Corporate Sales Specialist, USA
Market Statsville Group
416, East standsberry street,
Perkins, Oklahoma 74059, US
USA: +1-580-205-2707 | India: +91-702-496-8807
Email: sales@marketstatsville.com
Web: https://marketstatsville.com/
Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.
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