The global stage and scenery equipment market accounted for US$ 527.1 Mn in 2016 and is expected to grow at a CAGR of 2.5% during the forecast period 2017 – 2025, to account for US$ 651.0 Mn by 2025.
Growth in the recent five years is primarily driven by two major factors, such as the rise in demand for automated rigging systems. The stage and scenery facilitate 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 a major factor fueling the market growth over the years. The growth of the market for stage and scenery equipment is promising during the forecast period from 2017 to 2025, pertaining to various aspects such as increasing development or up gradation of old theatres, clubs, and ballrooms. Furthermore, the strategic partnerships and mergers among the industry participants is a trend that is likely to boost the growth of the stage and scenery equipment market for the global stage and scenery equipment market during the forecast period from 2017 to 2025.
“Stage and Scenery Equipment Market” study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
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- Electronics Theatre Controls (ETC) Connects
- R. Clancy, Inc
- Mountain Productions Inc
- TAIT Towers
- Texas Scenic Company (TSC) Inc.
- Theatre Rigging Specialists, LLC
- Thern Stage Equipment
Every crucial and decisive detail for the development of the market and the restraining factors that may hamper the market in near future is mentioned with solutions in the report. Segmentations of the Stage and Scenery Equipment Market are studied specifically to give profound knowledge for supplementary market investments.
Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends and restrictions of the segments and sub-segments are mentioned in the report. It also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Stage and Scenery Equipment Market.
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Stage and Scenery Equipment Market Strategic Insights
The product development was observed as the most adopted strategy in the Global Stage and Scenery Equipment Market. Few of the recent strategies by some of the players in Stage and Scenery Equipment Market landscape are listed below:
2017: Trekwerk completed the installation of TNM Control system at Dansenshus Stockholm. This control system will control a service bridge and 36 SynchroDisks.
2017: ETC launched Touchscreen Station for Mosaic. It’s a 4.3-inch screen which can be connected to the Mosaic system which runs through Mosaic software 2.4. This system will control and monitor the installations with color pickers, buttons, virtual faders and so on.
2017: J.R. Clancy supported Glens Falls Civic Center (GFCC) in Glens Falls, New York with newer technology. The company supplied new hoist for supporting larger scoreboard for presenting full LED screens on all sides.
Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Stage and Scenery Equipment market
- Key market trends cracking up the growth of the Stage and Scenery Equipment market.
- Challenges to market growth.
- Key vendors of Stage and Scenery Equipment market
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Stage and Scenery Equipment Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the Stage and Scenery Equipment Market in the five major regions.
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