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Global LED Display Rental Market Analysis 2022-2024

LED rental display is becoming a popular choice for global stage, exhibition, advertising and other fields in recent years. With the rapid change of technology, LED display not only larger and larger size, higher and higher resolution, but also more and more energy-saving and environmentally friendly, more and more intelligent operation.

For customers who need to temporarily build a large display system, rental is undoubtedly the most cost-effective option. Therefore, this market segment in 2022-2024 to maintain a rapid growth trend. According to NSELED's analysis, there will be obvious recovery overseas in 2022, significant domestic growth in 2023, and the world will remain dynamic in 2024 - the leasing market has become the biggest bright spot in the global LED display industry in the last three years, and there may not be one of them.

Global LED Display Rental Market Analysis 2022-2024

Global LED Display Rental Market Analysis 2022-2024

According to our statistics to the data show that in 2022, because of well-known reasons, the domestic rental market is relatively sluggish, but the foreign rental market is relatively picking up, especially the VP virtual filming has brought an incremental market. 2023, the domestic market began to return to the growth track, the global overall rental market size increased by 35% year-on-year to reach 1,318 million U.S. dollars, of which the domestic rental market year-on-year growth of about The overall global rental market will grow by 35% year-on-year to $1.318 billion in 2023, with the domestic rental market growing by about 68% year-on-year and the foreign rental market by about 20% year-on-year.

Large-scale activities and exhibitions are the most important application scenarios of LED display rental, occupying about 69% of the market share. Concerts, sporting events, expositions and other activities are inseparable from the visual effect of the LED screen rendering. At the same time, outdoor advertising is also another major use of LED leasing, public places and commercial streets LED billboards in strong demand. In addition, indoor commercial applications, such as shopping malls, stores, etc. also showed rapid growth. In recent years, film and television shooting and conference activities in the field of LED rental demand is also increased.

From the regional distribution point of view, Europe the United States, and the Asia-Pacific region are still the main growth engines of the global LED display rental market in 2022 occupied a relatively large share. This is mainly due to Europe and the United States, Japan and South Korea, and other countries of infrastructure investment and entertainment industry continues to increase as well as a huge consumer market. North America and Europe together account for about 20% of the market, the growth rate is relatively slow. Meanwhile, the share of emerging markets such as the Middle East and Latin America is rapidly increasing, with great potential for future growth.

LED display leasing industry participants, both internationally renowned suppliers, such as NSELED, Unilumin, Absen and so on. Some LED manufacturers have also been involved in the leasing business, to provide integrated solutions. With the intensification of market competition, mergers, and consolidation within the industry trend is obvious, market concentration will be further increased.

Looking ahead, the LED display rental market is still vibrant. On the one hand, with the increasing number of large-scale activities and outdoor advertising, the demand for large-size, high-resolution LED screen will continue to be high. On the other hand, the arrival of the 5G era also injected new momentum for the LED rental business, so that it can be deeply integrated with a variety of digital applications. At the same time, environmental protection energy saving and integrated solutions will also become the new focus of industry competition.

Into 2024, the rental display market will still be a good market. The rental market is a strong cyclical industry and needs to be alert to the fluctuating response brought about by cyclicality, however, because this year there are still a variety of large-scale activities and sports events around the world, such as the 2024 election (40 countries/regions around the world to lead the general election), the 2024 Olympic Games, etc., together with the concert activities which are cooling down but the fever is still at a high level, as well as film and television drama filming market which maintains the growth trend.

The market in 2024 is expected to have a new round of demand for rental screens, especially high-end rental. Therefore, we judge that in 2024, rental display is expected to continue the growth trend of 2023, and continue to maintain vitality, and related rental display companies are expected to benefit from it, although the growth area and business type will change locally.

Overall, the 2022-2024 global LED display leasing market maintains good growth trend, and future development space is broad. Enterprises need to follow the industry development trend, and constantly improve the serviceability and technical level, in order to meet the increasingly diversified needs of customers, to seize the market opportunity.


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