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Stage Lighting Market in Europe - Industry Outlook and Forecast 2020-2025 with COVID-19 Impact Analysis

·11 min read

Dublin, Aug. 25, 2020 (GLOBE NEWSWIRE) -- The "Stage Lighting Market in Europe - Industry Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Get an in-depth analysis of COVID-19 impact on the stage lighting market in Europe.

The study considers the present scenario of the Europe 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.

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

The Europe stage lighting market grew at a significant rate during the period 2016-2018. With the increase in consumer spending, the prospects of stage lightings in several European countries have improved. Europe is witnessing an increase in the per capita disposable income of end-consumers, driving the consumer market in the region. An improving economy in several European countries has increased disposable income in Europe. This has driven consumers' discretionary spending on leisure activities.

The popularity of music groups, festivals, and concerts in Europe is increasing the growth of the stage lighting market in Europe. An average individual in Europe consumes the maximum volume of music compared with others in other parts of the world. Stage lighting systems, along with associated sound systems, are the heart and soul of the live music industry globally.

Recently, the world has been witnessing a spurt in the growth of live music concerts and events. The primary reason behind this growth is the revenue generation for artists that see live music concerts as a primary source of their income. An increasing corporate sponsorship for music tours, venues, and events are also contributing to the market growth.

Europe Stage Lighting Market: Segmentation

This research report includes detailed segmentation by products, end-user, fixture, application and country.

The lighting fixture segment is expected to grow at the highest CAGR during the forecast period. The application of these fixtures, especially parabolic aluminized reflectors (PAR), is growing due to the growth in concert lightings and theatrical performances in Europe. Similarly, striplights are finding their usage in worship places, museums and art exhibitions, and bands. With the increase in the number of roadshow performances and exhibitions, a high focus on backstage visualization has contributed to the growth of the strip/border/Cyc segment across the globe.

Musicians, artists, and rappers are traveling across the world to promote their albums and connect to their fans regularly. Hence, the increasing number of live performances, the growing number of music concerts and festivals, and the growth in music tour shows by celebrities are likely to contribute to the growth of the segment during the forecast period. The fixed installation segment will grow owing to the growth of the architainment industry during the forecast period. Conventional lighting fixtures are the major end-users of fixed stage installation. However, the increased proliferation of LED lighting has created a new pool of opportunities for LED module manufacturers. Moreover, the use of fixtures for facades helps in creating attention, facilitating orientation, conveying messages, and communicating emotions.

The static fixture segment dominated the market share in 2019. However, the increasing demand for automated and intelligent fixtures owing to their flexibility and adjustment during the forecast period. The demand for static fixtures is expected to be replaced by automated fixtures. As automated fixtures offer flexibility for designers in terms of adjustments and alterations, static fixtures are expected to witness the loss of their market share during the forecast period. The demand for static fixtures will remain high in developing countries where LED usage is not proliferated, and end-user industries remain dependent on static sources for stage illumination.

Concerts constituted the largest application segment in 2019, and the segment is likely to retain its position during the forecast period. The concert industry has been witnessing success with a rapid and continuous increase in demand for live entertainment across Europe. The introduction of Virtual and Augmented reality has highly influenced live music performances, and the stage lighting highly supports this technology. The concert market is expected to increase due to the growth in urban population, development of global infrastructure, increase in global GDP, and GDP per capita, the high penetration of smartphones.

Europe is experiencing a constant increase in live music venues. In 2018, the UK registered an increase of 12%, followed by Germany. People in France, Germany, and the UK are attending more music concerts than visiting pubs, clubs. Europe and North America are highly mature markets as they hold nearly three-fourths of corporate events revenue. The industry is continuing to evolve as planners find new ways to optimize design and execution. Planners focus on driving factors such as convenience, safety, locations, and cost. Countries in Europe and North America prioritize property type and airlift & access.

Insights by Geography

The UK is a leading destination for music festivals. In recent years, small or large music concerts and festivals have attracted a lot of music tourists in the country. These festivals and concerts create the demand for stage lighting systems. In Germany, the market is reaching its maturity with new sales requiring to be driven by introducing innovative products in the market as well as replacement and upgrades. France remains a destination for exhibitions in the fields of food processing, health, transport, energy, and technologies. Medium-sized venues are particularly popular in the country due to their capacity for innovation.

A positive outlook on macroeconomic conditions in Italy is expected to stabilize the exhibition market in Europe. While Milan is counted among the fashion capitals of the world, Italy is home to some of the largest fashion exhibitions in the world. Further, real estate prices are picking up, which is expected to boost exhibitions in the construction and infrastructure domain in the future. All the factors are expected to boost the growth rate during the forecast period.

Insights by Vendors

The stage lighting market is fragmented in nature due to the presence of local as well as international players. The leading vendors are Philips, Osram, and HARMAN International (Samsung). The competition among these key players is intense. The market concentration in Western European countries is high. The competition between vendors exists based on offerings and pricing. Vendors are using new business models and focusing on developing the portfolio of their establishments to drive growth. The focus is heavily shifting toward the LED fixtures.

The adoption rate of stage lighting systems among end-users worldwide has been impressive. Due to increased demand, the market has witnessed the entry of several new vendors. The competition among these companies has intensified, leading to the introduction of many innovative and advanced solutions. The price is set to become a major base for competition among players to gain an edge over other vendors in the market. Further, the growth of vendors depends on its condition, GDP growth, and industry development.

High capital requirements and rapid advances in technology are major entry barriers for new players. Therefore, to attain sustainability, expand into other geographies, and revive domestic demand are essential factors for the vendors. Vendors can boost profitability by practicing efficient production techniques that minimize product costs and mitigate associated risks.

Key Topics Covered

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segmentation
4.4.1 Market Segmentation by Product
4.4.2 Market Segmentation by End-user
4.4.3 Market Segmentation by Application Type
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Market Overview
7.1.1 Stage Lighting Variables
7.1.2 Functions of Stage Lighting
7.1.3 Protocols
7.1.4 Special Effects
7.1.5 Key Terminologies
7.2 Macroeconomic Factors Enabling Market Growth
7.2.1 Economic Development
7.2.2 Per Capita GDP in Developing Markets
7.2.3 Dual-income Households in Developed Markets

8 Market Growth Enablers
8.1 Expansion of Live Performance & Music Industry
8.2 Increasing Number of Exhibitions, Conferences, And Seminars
8.3 Increased Demand for Technically Advanced Products

9 Market Restraints
9.1 Volatility in Raw Material Prices
9.2 Increasing Labor Costs and Cost Trade-Offs
9.3 Political Turbulences in Key Markets
9.4 Growing Digital Preference Hampering Live Events Market

10 Market Opportunities & Trends
10.1 Growing Adoption of Smart Wireless Lighting Control
10.2 Increasing Number of Sporting Events
10.3 Growing Convergence of Pro AV and IoT

11 Value Chain Analysis
11.1 Value Chain Overview
11.1.1 Value Chain Analysis
11.1.2 Material/Substrate
11.1.3 Epitaxy
11.1.4 Package
11.1.5 Module
11.1.6 Lighting Fixture
11.1.7 Systems & Solutions

12 Market Landscape
12.1 Historic Data 2015-2018
12.2 PEST Analysis
12.3 Market Size & Forecast 2019-2025
12.4 Product
12.5 End-user
12.6 Application
12.7 Five Forces Analysis

13 Product Segmentation
13.1 Market Snapshot & Growth Engine
13.2 Market Overview

14 Stage Lighting Fixture
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 PARS
14.4 Striplights & Cyc Lights
14.5 Ellipsoidals
14.6 Fresnels
14.7 Followspots
14.8 Beam Projectors
14.9 Scoops
14.10 Lighting Fixture Based On Light Source
14.11 Conventional Stage Lighting
14.12 LED Stage Lighting
14.13 Lighting Fixture Based On Fixture Movement
14.14 Automated/Intelligent Fixtures
14.15 Static Fixtures

15 Lighting Control System
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Stage Lighting Controllers
15.4 Stage Lighting Visualizers

16 End-users
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Touring Rental
16.4 Fixed Installation

17 Application
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Concerts/Touring
17.4 Corporate Events
17.5 Weddings/Events
17.6 House of Worship
17.7 DJ Retail/Rec DJ
17.8 Fitness Sports
17.9 Theaters
17.10 Architectural & Commercial Installs
17.11 Broadcasting
17.12 Hospitality
17.13 Nightclubs

18 Distribution Channel
18.1 Market Overview
18.2 Manufacturer and Their Channel Partners
18.3 Distributors in The Channel Network
18.4 Retail Distribution in Lighting Industry
18.5 Online Distribution Channel Network

19 Market by Country
19.1 Market Snapshot & Growth Engine
19.2 UK
19.3 Germany
19.4 France
19.5 Italy
19.6 Spain
19.7 Nordic
19.8 The Netherlands
19.9 Switzerland
19.1 Poland
19.11 Belgium
19.12 The Czech Republic

20 Competitive Landscape
20.1 Market Overview

21 Key Company Profiles
21.1 Harman International (Samsung)
21.1.1 Business Overview
21.1.2 HARMAN International (Samsung) in Global Stage Lighting Market
21.1.3 Major Product Offerings
21.1.4 Key Strategies
21.1.5 Key Strengths
21.1.6 Key Opportunities
21.2 OSRAM
21.3 Philips

22 Other Prominent Vendors
22.1 Absen America
22.1.1 Company Overview
22.1.2 Key Strength
22.1.3 Key Strategy
22.2 Altman
22.4 Apollo Design Technology
22.6 Blizzard Lighting
22.7 Chauvet Professional
22.9 City Theatrical
22.10 Core Lighting
22.11 DEXEL
22.12 Eaton Electric Systems
22.13 Elektralite
22.14 Elation Professional
22.15 ENTTEC
22.16 Epsilon Pro Lighting
22.17 Electronic Theatre Controls (ETC)
22.18 German Light Products
22.19 Golden Sea
22.20 Kumho Electric
22.21 Leprecon
22.22 Litetronics International
22.23 Lycian Stage Lighting
22.24 MA Lighting Technology
22.25 Mighty Bright
22.26 MLS
22.27 Nicolaudie
22.28 0Energylighting
22.29 Pathway Connectivity
22.30 PROEL
22.31 Red Lighting
22.32 ROSCO
22.33 SGM
22.34 Studio Due
22.35 Techni-Lux
22.36 Teclumen
22.37 Ultra-Tech Lighting
22.38 Ushio Lighting
22.39 Zumtobel Group

23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendation

24 Quantitative Summary

For more information about this report visit https://www.researchandmarkets.com/r/fa8ld3

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