Global Rental LED Display Market(2022-2025):Breaking 2 billion

In the wave of continuous reconstruction of the global economic landscape, the LED rental display industry is staging a ups and downs. From dormancy after the epidemic to explosive growth, and then to a steady rise after structural adjustment. The rental LED screen market took four years to complete the transformation from billions to tens of billions. So what will be the trend of rental LED screen market? Don’t worry. Doitvision will introduce it to you.

2022 – 2024 Market Review

2022: The dawn of overseas recovery

In 2022, the overseas rental LED display market showed obvious signs of recovery. As the global epidemic situation gradually eased, various business activities began to gradually resume, so the  overseas  LED rental displays demand also picked up.

Some international exhibitions, conferences and other activities have been held one after another, bringing new vitality to the LED rental display market. Although the pace of recovery has not been smooth, the signs of recovery have undoubtedly injected confidence into the entire market.

2023: China concert economy ignites the market

Entering 2023, the China concert economy has ushered in an unprecedented hot situation. Jay Chou, Mayday, JJ Lin and many other well-known singers have started concert tours. The popularity of the concert directly led to a substantial growth in the rental LED screen market, and the annual market size increased by 35%.

2024: “V-shaped” development, high-end sectors are prominent

In 2024, the global rental LED video wall market presents a unique “V-shaped” development curve, full of challenges and opportunities.

First quarter: Demand continues to grow

In the first quarter, the popularity of performances remained unabated, seasonal demand at the beginning of the year and the phased demand brought by the cloud warehouse model, so the rental display market demand continued to grow.

The emergence of the cloud warehouse model has broken the geographical restrictions of the traditional rental model, improved rental efficiency and reduced costs. Although the growth rate has slowed down year-on-year, the overall market has maintained a growth trend.

Second quarter: Market cooling, output value trough

However, starting from the second quarter, the market situation took a sharp turn for the worse. The sharp decline in conference market activities and the slight decline in the popularity of concerts have led to a cooling of the overall LED rental display market.

At the same time, the intensified competition in the supply chain and the imbalance between supply and demand have further aggravated the downturn in the rental market. During this period, the second quarter became the trough of the annual output value.  Many rental companies faced problems such as reduced orders and inventory backlogs.

Third and fourth quarters: Multiple positive factors drive growth

In the third quarter, the global rental LED display market began to gradually pick up under the impetus of multiple positive factors. The holding of large-scale ceremonies such as the Paris Olympics and the US election has injected strong vitality into the market.

In addition, the purchase boom of curved screens triggered by Taylor Swift’s global tour and the high popularity of Adele’s concert have pushed the performance market to a new peak. These events not only drove the demand for LED rental displays, but also indirectly pushed the overall LED rental display market back on track for growth.

According to Doitvision industry data analysis, the global rental LED display market will reach 9.854 billion in 2024, a slight increase of 2.81% year-on-year. Among them, China’s LED rental display market fell by about 13.92% year-on-year, and the foreign LED rental display market grew by about 15% year-on-year.

From the perspective of applications, the global large-scale performing arts activities will continue to be popular in 2024.  Take Adele’s Munich concert as an example:

In the concert site that can accommodate 80,000 people, in order to give the audience a better experience, the site uses a super-long screen with a length of 220 meters, a height of 30 meters, and a total area of 4159.7 square meters.

In addition, the new business model of the filmed concert of “Taylor Swift: The Time Tour” is being copied to more concerts. This new business model not only increases the viewing and fun of the concert, but also brings new growth points to the LED rental display market.

However, the market demand for exhibitions and conferences is declining, and the demand for film and television shooting screens is saturated. At the same time, the traditional leasing model is changing to the cloud warehouse model, the market segmentation between leasing companies is broken, and the market competition is further intensified.

However, the rise of new forms of concerts has driven more demand for high-quality rental LED display screens, making it a new growth point for the future LED rental display screen market.

High-end LED rental displays used in stage performances are developing in the direction of high parameters, high configuration, and large size:

• It has driven the added value of high-end LED rental displays
• It has driven the use area and penetration rate of high-end LED rental displays.

In the field of sports and competition, the key point of LED display is still the commercial value and interactivity it brings to sports events. With the development of the event economy, the demand for LED displays in the opening and closing ceremonies of large-scale events and surrounding supporting facilities continues to increase.

When choosing LED display screens, you can give priority to LED dislay with innovative interactive features and high value. In 2024, the European Cup, the America’s Cup, the Paris Olympics and other international events will be held, which will once again drive the growth of LED rental displays.

From the overall performance of the rental LED display screen market in 2024, the market size has undergone structural adjustments, and the overall market has adjusted back compared with the hot market in 2023. The regional differentiation is significant. The Middle East, Europe and the United States continue to grow and become the core areas supporting the development of the industry.

Changes in the industrial structure: increased concentration and the rise of leading enterprises

As a subdivided field of LED display industry growth in recent years, the rental market has attracted the attention of LED screen players in other fields of the industry, and they have entered the rental market. The production capacity of the display industry is exported to the rental market.

The leverage model has improved the ability of downstream companies to undertake the production capacity of rental LED screens, and the market competition pattern has accelerated the reconstruction.

Driven by market competition, the pattern of the rental market is changing. Leading companies such as Doitvision have launched multi-dimensional games through service innovation and scene extension, and market orders have gradually tilted towards strong companies.

According to data, in 2023, the total output value of the top five screen factories of rental LED display screens will account for more than 50% of the total output value of rental screens. In 2024, the market share of the top five  LED rental display screens manufacturers will further increase, including Unilumin, Absen, Glosine, Doitvision and other companies.

At present, with the increasing competition and the price pressure, LED display companies will improve their competitiveness by improving the technical selling points of rental products.

As a top LED display supplier, Doitvision outputs underlying innovation with continuous high R&D investment, provides guarantees in terms of funds, brand freedom operation, production capacity, etc., so that our high-end rental LED display market maintains a high premium ability and customer repurchase rate.

Market Outlook for 2025: Steady Growth, Promising Prospects

Doitvision Kirs believes that looking at the 2022-2025 industry cycle, the rental LED display market has built a resilient growth model that crosses economic fluctuations. Although the changes and adjustments of various factors in the market will bring about periodic fluctuations in the market. The long-term growth of the rental LED display market comes from the growth of downstream demand.

Against the background of economic recovery and long-term positive trends, rental LED display market is expected to show a steady growth trend in its future development. The global rental LED display market size is expected to reach 10.347 billion yuan in 2025, a year-on-year increase of 5%.

This growth is mainly driven by the following major drivers:

Global events bring demand growth

The holding of global events such as the Osaka World Expo and the FIFA Club World Cup has brought large-scale demand growth to the outdoor rental LED display market. These large-scale events require a large number of retal screens to build stages and display information, bringing new opportunities to the market.

Emerging models drive a surge in demand

The rise of virtual and reality interactive performances, concert filmization, and government and enterprise digitalization summits has further driven a surge in demand for LED screen rentals.

 Virtual and reality interactive display bring a new visual experience to the audience, and put forward higher requirements for the performance and effects of LED screens;

The concert filmization model expands the communication channels and viewing methods of concerts, and increases the demand for LED screens; The holding of government and enterprise digitalization summits also requires LED screens to display data and information.

New technology applications expand market space

The application of new technology LED displays s such as MiP  high-end scenes has also contributed new growth points to the market. These new technology LED display have higher pixel density, better color expression and lower power consumption, which can meet the needs of high-end scenes and open up new application market.

Based on the above trends, Doitviison Kris believes that the global rental LED display market will show a steady growth trend in 2025 driven by the expansion of scenarios. This growth is not only driven by large-scale events, but also benefited from technological innovation and the expansion of diversified application scenarios.

Conclusion:

In short, the global  rental  LED display market has experienced ups and downs and changes from 2022 to 2025. In the future, with the continuous advancement of technology and the continuous expansion of the market, the  rental LED display market is expected to usher in a broader development prospect. If you need to rental LED screens, you can contact us at will.