The global stage lighting market is expected to grow at a CAGR of over 4% during the period 2019-2025

NEW YORK, Feb. 14, 2020 /PRNewswire/ --

The global stage lighting market is expected to grow at a CAGR of over 4% during the period 2019-2025.

Read the full report: https://www.reportlinker.com/p05587787/?utm_source=PRN

The following factors are likely to contribute to the growth of the global stage lighting market during the forecast period:
-- Expansion of Live Performance and Music Industry
-- Increasing Number of Exhibitions, Conferences, and Seminars
-- Growing Demand for Technically Advanced Products
-- Increasing Adoption in Smart Wireless Lighting Control
-- Increasing Number of Sporting Events

The stage lighting market is expected to witness rapid growth on account of the continuous increase in demand for live entertainment across the world. Strong demand for stage illumination fixtures and control solutions and the increased end-users' spending sentiments on music concerts and festivals worldwide are driving the market growth. Further, the increase in corporate sponsorship for music tours, venues, and events is contributing to growth.

With the increase in consumer spending sentiments since 2008?2009 economic recession and 2011?2012 Eurozone debt crisis, the prospect of the stage lighting market worldwide has improved. The rise of the global music industry and the increased number of live performances and concerts have boosted the demand for stage illumination. The demand for stage illumination fixtures and control solutions from countries such as China, Germany, Japan, and India has also grown due to the flourishing commercial real estate, hospitality, corporate, and music markets. However, a relatively high cost of LEDs and low penetration of wireless digital technology remain the primary growth inhibitors in APAC countries such as China, India, and Latin America.

The study considers the present scenario of the global stage lighting market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Stage Lighting Market: Segmentation
This research report includes detailed segmentation by product, end-user, fixture, application, and geography. Parabolic aluminized reflectors (PARs) are the most widely used fixtures in the entertainment industry and generated over $440 million in 2019. The increasing emphasis on cost efficiency is driving stage illumination fixtures in the market. However, LED PARs are likely to be witness high application in concerts and stage and lighting shows. The growing proliferation of LED PAR fixtures is expected to increase both in new installation as well as retrofit projects. Moreover, the use of LED strip lights is increasing at worship places, museums, and art exhibitions. Cyc lights are an improvement over strip lights and are used to enlighten large surfaces as these devices are designed to wash a large curtain, scenery, or cyclorama evenly. The increased number of roadshow performances and art auction, and exhibitions and a high focus on backstage visualization are expected to contribute to the growth of strip/Cyc lighting across the globe.

The increasing number of live performances, music concerts, festivals, and growth in the number of music shows are expected to influence the growth of the segment. Latin America, which witnessed a low growth for concerts, is expected to emerge as the fastest-growing concert market in the world on account of growing partnerships between global concert organizers and local ones.

Growth prospects in the fixed installation segment is expected to be promising owing to the growth in commercial constructions and the increasing adoption of fixed lightings at worship places, gaming arenas, luxury hotels, gambling venues, stadiums, convention, and trade show centers during the forecast period.

Static lights are easy to use and offer constant illumination. They are extensively used in exhibition halls, tradeshows, convention centers, and theaters. These fixtures are also likely to find their usage in the touring rental segment. The demand for automated fixtures is likely to increase in schools and community theaters as they are becoming more cost-effective and easier to program. Automated/intelligent fixtures offer innovative features such as bright light with flexibility and can be remotely operated.
The conventional lighting segment is expected to witness steady growth as they are inexpensive. The market demand for conventional equipment is likely to increase in developing countries such as China, Brazil, and India. The demand for LED stage lighting is expected to increase at a faster rate. The increased proliferation of LED devices is likely to fuel the growth of the market worldwide. These light sources offer longer lifespan, require no maintenance, and produce less heat. LED modules are also cost-effective.

As music festivals with live performances are attracting global tourists, the trend is expected to increase in emerging countries such as Asia and Africa. The rise of virtual reality and augmented reality is likely to influence live music performances. The population in France, Germany, the UK, the US, and Japan is expected to attend more music concerts than pubs and clubs. The increase in corporate events is also likely to influence the growth of stage lighting products. North America is leading the corporate event market. Moreover, the rise in the wedding industry is expected to grow the demand for innovative lighting technologies. Décor and themes are influenced mainly by the Indian film industry. This is expected to make the destination wedding a major trend. Hence, changing wedding trends is likely to increase the demand for stage lightings, thereby driving growth.

Market Segmentation by Products
-- Lighting Fixture
o PARs
o Striplights/borderlights and cyc lights
o Ellipsoidals
o Fresnels
o Follow spots
o Beam projectors
o Scoops
-- Lighting Control
o Lighting controllers
o Visualizers

Market Segmentation by End-user
-- Touring Rental
-- Fixed installation

Market Segmentation by Lighting Fixture
-- Based on Fixture Movement
o Static lighting fixtures
o Automated/intelligent lighting fixtures
-- Based on Lighting Source
o Conventional lighting
o LED lighting

Market Segmentation by Application
-- Concerts/Touring
-- Corporate Events
-- Weddings/Event
-- House of Worship
-- DJ Retail/Rec DJ
-- Fitness Sports
-- Theatres
-- Architectural and Commercial Installs
-- Broadcast/TV/Film
-- Hospitality
-- Nightclubs/Bars

Insights by Geography

The penetration of stage lighting fixtures is expected to remain an all-time high in North America during the forecast period because of the increased replacement and upgrading of legacy systems in the region. The rise in tradeshows, the growth of the music industry, the increasing growth of the US economy, coupled with improved corporate profits and a surge in domestic travel, are expected to propel the growth. The EU regulations on energy-efficiency on conventional light sources are likely to generate demand for new installation as well as upgrades. Europe is known as the leading destination for music festivals; therefore, these festivals generate the demand for stage lighting systems among event organizers. The festivals and concerts segment is expected to be contributed over $475 million to the market. The APAC region is expected to be driven by the recovery in the Japanese music market and the emergence of the Chinese media and film industries. Urbanization and increase in the APAC population are also likely to bolster the growth of entertainment, broadcasting, hospitality, exhibition, music concerts, and restaurant industries.

Market Segmentation by Geography
-- North America
o US
o Canada
-- APAC
o Japan
o China
o South Korea
o Australia
-- Europe
o UK
o Germany
o France
o Spain
o Nordic
o Italy
-- MEA
o UAE
o South Africa
o Saudi Arabia
-- Latin America
o Brazil
o Mexico

Insights by Vendors

The global stage lighting market is expected to be highly fragmented with several local and global players in the market. The competition is intense. The rapidly changing technological environment is likely to drive vendors to alter and refine their unique value proposition to achieve a strong presence. The market concentration in developed countries is expected to be high.

In contrast, the market in developing economies such as China and India is at a nascent stage because of the entry of key global brands. Vendors compete in terms of product offerings and pricing. Vendors are also expected to use new business models and focus on developing portfolios to drive growth. The focus is likely to shift toward LED stage lighting fixtures as they are energy efficient and are likely to replace conventional fixtures. The competition is expected to intensify further with an increase in product extensions, technological innovations, and mergers and acquisitions. Key global players are expected to expand their presence worldwide during the forecast period, especially in APAC and Latin America regions, which are fast-growing ones.

Key Vendors
-- HARMAN International
-- Osram
-- Philips
Other Vendors
-- Absen America
-- Altman Lighting
-- Antari
-- Apollo Design Technology
-- Ayrton
-- Blizzard Lighting
-- Chauvet Professional
-- Chroma-Q
-- City Theatrical
-- Core Lighting
-- Dexel
-- Eaton Electrical Systems
-- Elektralite
-- Elation Professional
-- ENTTEC
-- Epsilon Professional Lighting
-- Electronic Theatre Controls
-- German Light Products
-- Golden Sea Professional Equipment Ltd
-- Kumho Electric
-- Leprecon
-- Litetronics International
-- Lycian Stage Lighting
-- MA Lighting Technology
-- Mighty Bright
-- MLS
-- Nicolaudie
-- 0energyLIGHTING
-- Pathway Connectivity
-- PROEL
-- Red Lighting
-- Rosco
-- SGM Light A/S
-- Studio Due
-- Techni-Lux
-- Teclumen
-- Ultra-Tech Lighting
-- Ushio Lighting
-- Zumtobel Group

Key Market Insights
The analysis of the global stage lighting market provides sizing and growth opportunities for the forecast period 2020-2025.
-- Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
-- Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
-- Delivers a complete overview of segments and the regional outlook of the global market.
-- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain a competitive advantage.

Read the full report: https://www.reportlinker.com/p05587787/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

View original content:http://www.prnewswire.com/news-releases/the-global-stage-lighting-market-is-expected-to-grow-at-a-cagr-of-over-4-during-the-period-20192025-301005139.html

SOURCE Reportlinker