The new report by Expert Market Research titled, ‘Global Portable Stages Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global portable stages market share, assessing the market based on its segments like sizes, platform materials, configuration, channels, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7.4%
The increasing demand for portable stages for sporting events and musical concerts owing to the increasing footfall of audience is driving the market growth. Rapid development of high-quality stages for better experience of both performers and viewers is further propelling the market growth.
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Moreover, the increasing inclination of stadium staff towards easy-to install stages with lower requirement of labour is a crucial driving factor of the market. In terms of region, the North American region accounts for a significant share of the market owing to the increasing number of concerts, plays, and outdoor events, owing to the increasing trend of rap music, rock concerts, and metal performances, among others.
Portable Stages Industry Definition and Major Segments
Portable stages are defined as the transportable stages which are widely used in the entertainment industry. These stages can convert a particular area into a concert venue without the need of extremely skilled labour. These stages are adjustable, lightweight flexible, easy to move, and easily customisable.
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On the basis of size, the market can be segmented into:
- Extra Large
Based on platform material, the market has been segmented into:
- Toughened Glass
By configuration, the market has been segmented into:
- Fixed Height
- Adjustable Height
Based on channel, the market has been segmented into:
- Rental Service
The significant end uses included in the market are as follows:
- Sports and Recreation Industry
- Commercial Events
- Individual Events
The regional markets for portable stages include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Portable Stages Market Trends
The key trends in the portable stages market include the thriving sporting industry, coupled with the increasing craze of youth towards various sporting events, such as Olympics, commonwealth games, and bodybuilding competitions, among others. The increasing standards of stadiums and concert halls are likely to compel the market players to develop superior quality stages with easy transportability and installation.
Moreover, the increasing number of commercial and individual events across the emerging countries owing to the increasing economic growth and rapid urbanisation is likely to be another crucial trend in the market in the forecast period.
Key Market Players
The major players in the market are:
- Wenger Corporation
- SICO Incorporated
- 2M (Deutschland) GmbH
- Kultour GmbH
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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