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Stage and Scenery Equipment Market is Growing Rapidly: Business Opportunities and Industry Analysis by 2025




(AsiaNewsWire.Net, November 08, 2018 ) The stage and scenery facilitates in easy movement of overhead scenery, backgrounds, audio and lighting units. These automated stage and scenery equipment are favored by theatres and clubs in countries that are grappling labor shortage, which is a major factor fueling the market growth over the years. The growth of stage and scenery equipment market is driven by various factors in different regions across the globe. The major factor boosting the market growth is the increasing demand rigging system automation in the developed countries such as the U.S, Canada, the U.K, Germany, France, and Spain among others. The automated rigging systems in theatres, clubs and ball rooms have helped in the ease of moving heavy scenery, people and backgrounds across the stage at desired speed. Owing to this, most of the older theatres are upgrading their rigging systems to automated ones.

The stage and scenery equipment market is estimated to grow at a CAGR of 2.5% during the forecast period from 2017 to 2025. The market was valued at US$ 527.1 Mn in 2016 and is calculated to reach US$ 651.0 Mn by 2025.

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The key players operating in the market for stage and scenery equipment across the globe includes, Protech, Trekwerk, Electronics Theatre Controls (ETC) Contents, eZ-Hoist, J R Clancy, Inc., Mountain Production Inc., TAIT Towers, Texas Scenic Company Inc., Theatre Rigging Specialists and Thern Stage Equipment among others.

In our study, we have segmented the stage and scenery equipment market by rigging systems type, hoist type and end user application. The rigging systems types includes dead hung, manually operated counterweight rigging, and motorized. On basis of hoist type, the market for stage and scenery equipment is bifurcated into fixed speed and variable speed. The end users of the stage and scenery equipment market includes theater, clubs, concerts, corporate shows, ball rooms, and others. Geographically, the market for stage and scenery equipment is categorized into five strategic regions namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM)

The stage and scenery facilitates in easy movement of overhead scenery, backgrounds, audio and lighting units. These automated stage and scenery equipment are favored by theatres and clubs in countries that are grappling labor shortage, which is a major factor fueling the market growth over the years. The growth of stage and scenery equipment market is driven by various factors in different regions across the globe. The major factor boosting the market growth is the increasing demand rigging system automation in the developed countries such as the U.S, Canada, the U.K, Germany, France, and Spain among others. The automated rigging systems in theatres, clubs and ball rooms have helped in the ease of moving heavy scenery, people and backgrounds across the stage at desired speed. Owing to this, most of the older theatres are upgrading their rigging systems to automated ones.

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Asia Pacific region in stage and scenery equipment market covers countries such as Australia, China, India, and Japan among others. The region contributed a healthy market share in 2016 and is also estimated to surge over the period from 2017 to 2025 to generate a fair market share by 2025. The region is accountable for various development in theatres, clubs, ballrooms and stadiums. Availability of cheap labor and price sensitive market has hindered the growth of motorized rigging systems market in this region. However, the use of manual counterweight rigging systems and dead slung types are more favorable in the Asia Pacific region. In this region, China held the largest market share in the field of stage and scenery equipment in 2016 and is projected to retain its dominance in the region in the coming years. On the other hand, India is anticipated to be the fastest growing country in Asia Pacific region during the forecast period from 2017 to 2025.


The Insight Partners

Sameer Joshi

+1-646-491-9876

sam@theinsightpartners.com

Source: EmailWire.Com


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