New York, March 20, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Stage Lighting Market – Global Outlook and Forecast 2023-2028” report – https://www.reportlinker.com/p05587787/?utm_source =GNW
Consumer lifestyles are changing with the rising IT and BPO sectors in India and other APAC countries. Such factors have resulted in increasing disposable income which the younger generation is ready to spend on leisure and entertainment and visit pubs, night clubs, resto bars very often. The economic consequences of the nightclub industry extend far to the stage lighting market.
Increased demand for technically advanced products
The stage lighting market is driven by technologically reformed products and has witnessed a number of new features entering the value chain. A wide range of products makes a difference across the industry due to continuous innovation and quality improvements. Technology has been an integral part of this market, from traditional lamps to modern smart wireless lighting controllers.
INDUSTRY RESTRICTIONS
Volatility in commodity prices
Raw materials constitute the largest single cost component in the market for stage lighting fixtures and control solutions, amounting to approx. 40% to 60% of total production costs. The prices of key raw materials used in the production of stage lighting fixtures and control solutions, such as steel, aluminum, plastic and rubber, have increased significantly over the past few years. The volatility of commodity prices also seriously threatens the profit margins of sellers in the stage lighting market. Other operating expenses, such as labor wages, are also rising. Rising raw material costs further increased production costs by another band of 5% to 7%, narrowing profit margins. In addition to all these costs, Chinese manufacturers add more concerns to the company’s top line as they bring out cheap products. These factors burden vendors who strive to produce efficient stage lighting solutions at affordable costs to cope with the increasing competition in the market.
SEGMENTATION INSIGHT
INSIGHT BY PRODUCT
The global stage lighting market by product type is categorized into stage lighting fixtures and stage lighting controls. Stage lighting fixtures is the dominant market and was valued at USD 2.03 billion by 2022. Stage lighting fixtures are a key component of live performances and events. They are designed to provide a controlled light source to enhance the audience’s visual experience. They include traditional incandescent bulbs, LED lights, moving headlights and more.
Segmentation by product
Lighting installations
Light control
INSIGHT BEHIND SCENE LIGHTING FIXTURES
The global market for PAR’s stage lighting was valued at USD 417.56 million. in 2022. PARs are the most widely used fixtures for concert lighting and theater performances. Often called PAR cans, these fixtures have beam lamps held by parabolic-shaped aluminum-coated metal caps. Most of these fixtures produce a soft angular oval or circular pool of light. Different lamps can be used to produce different beam shapes and sizes. In terms of functionality, PARs are one of the most cost-effective stage lighting fixtures on the market with few features such as focus or shutter.
Segmentation by stage lighting fixture
Lighting installations
o PARs
o Striplights & Cyc Lights
o Ellipsoidals
o Fresnels
o Follow-up points
o Beam projectors
o Spoons
Armature movement
o Automated/intelligent fittings
o Static fixtures
Light source
o Conventional stage lighting
o LED stage lighting
INSIGHT OF LIGHTING CONTROL SYSTEMS
The global market for stage lighting with lighting control systems was valued at USD 489.88 million. in 2022. Stage lighting control systems have evolved from the era when they required multiple assistants to control the stage lighting during concerts, stage shows and other events. The emergence of intelligent stage lighting control systems helps suppliers overcome the problems associated with traditional systems, such as high cost, low intelligence and costs associated with installation and implementation, among others. An intelligent lighting control system has a user interface designed in such a way that it makes controlling stage lighting fixtures easy and convenient.
Segmentation by lighting control systems
Stage lighting controls
Stage lighting visualizers
INSIGHTS FROM END USERS
The touring rental segment dominated the stage lighting market with a share of 64.94% in 2022. Touring rental refers to the provision of lighting equipment and services for live events, concerts and tours. This segment is driven by the increasing popularity of live events and the need for lighting solutions that can be easily transported and set up in different locations. Touring rental companies typically offer a wide variety of lighting fixtures and control systems to meet the specific needs of each event. They also offer skilled technicians to operate and maintain the equipment.
Segmentation by end users
Tour rental
Fixed installation
INSIGHT BY APPLICATION TYPE
Concert applications dominated the global stage lighting market, accounting for a 56% share. The increasing number of live performances, the growing number of music concerts and festivals, and the growth in the number of music tours by celebrities will help this segment to gain some market share during the forecast period. Pop, classical and jazz concerts are the most famous concerts worldwide; it has also been noted that the highest number of pop music concerts are held in Italy.
Segmentation by Application
Concerts
Corporate events
Broadcast Industry
Weddings/events
hospitality industry
Architectural and commercial installations
Houses of worship
DJ Retail/Rec DJ
Theaters
Fitness Sports
Nightclubs
INSIGHT BY DISTRIBUTION CHANNEL
The distribution channel of the global stage lighting market is fragmented dynamically. The various products used for the stage lighting market, such as LED lights, fixtures and controllers, are marketed and distributed using various channels. With thousands of new competitors entering the market, the previously established distribution channels have changed drastically. Currently, consumers have a wide range of options (ie tour hire and permanent installers). They can use products either directly from manufacturers or online on the Internet. Companies like Philips have earned a reputable name in the industry due to their robust distribution channel. The company has even increased its service centers from 125 to 190 and employs more than 900 technicians to provide support and resolve customer queries.
Segmentation by distribution channel
Manufacturer and channel partners
Distributors in the Channel Network
Retail distribution in the lighting industry
Online distribution channel network
GEOGRAPHICAL ANALYSIS
North America was the largest segment of the global stage lighting market, accounting for a share of 34.82%. Penetration of stage lighting fixtures remains at an all-time high in the US and Canada, with the US holding the maximum market share of 63.70%. Factors such as the high purchasing power of millennials and boomers, growing participation in music festivals, increased use of smartphones, inclination towards new technology and high urbanization are driving the industry growth in North America.
Segmentation by geography
North America
o the United States
o Canada
Europe
o Great Britain
o Germany
o France
o Italy
o Spain
o The Nordics
o The rest of Europe
APAC
o Japan
o China
o Australia
o South Korea
o India
o Rest of APAC
Latin America
o Brazil
o Mexico
o The rest of Latin America
Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o The rest of the Middle East and Africa
SELLER LANDSCAPE
The global stage lighting market is highly fragmented with many local and international players. The competition between these players is intense. The rapidly changing technological environment can negatively affect suppliers, as customers expect continuous innovations and upgrades in LED fixtures. The current scenario forces vendors to change and refine their unique value proposition to achieve a strong market presence. The leading suppliers in the industry are Philips Lighting, OSRAM and HARMAN International (Samsung). Competition between these key players is intense.
Key company profiles
HARMAN International (Samsung)
OSRAM
Signify Holding (Philips)
Other prominent suppliers
Absen America
Altman lighting
ANTARI LIGHTING? EFFECTS
Apollo design technology
Ayrton
Blizzard lighting
Chauvet Professional
Chroma-Q
City Theatre
Core lighting
Dexel
Eaton electrical systems
Electrolyte
Excitement professional
ENTEC
Epsilon professional lighting
ETC
German lighting products
Golden Sea professional equipment
Kumho Electric
Leprechaun
Litetronics International
Lycian Stage Lighting
MA Lighting Technology
Mighty Bright
MLS
Nicholas
Pathway Connectivity
PROL
Red lighting
Rosco
SGM Light A/S
Study Dove
Techni-Lux
Teclum
Ultra-Tech lighting
Ushio lighting
Zumtobel Group
Robert Juliat
KEY QUESTIONS ANSWERED:
1. How big is the stage lighting market?
2. What is the growth rate of Stage Lighting market?
3. Who are the key players in the global stage lighting market?
4. What are the key factors driving the stage lighting market?
5. Which region dominates the global stage lighting market?
Read the full report: https://www.reportlinker.com/p05587787/?utm_source=GNW
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.
__________________________
