Valued to be $33.1 Billion by 2026, Outdoor Advertising Slated for Robust Growth Worldwide

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Mar 16, 2022, 10:45 ET

SAN FRANCISCO, March 16, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Outdoor Advertising - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 16; Released: February 2022
Executive Pool: 3402
Companies: 185 - Players covered include Adams Outdoor Advertising; APG|SGA SA; Bell Media; Burkhart Advertising, Inc.; Captivate Network; Clear Channel Outdoor, Inc.; Clear Media Limited; Daktronics, Inc.; EPAMEDIA; Euro Media Group S.A.; Fairway Outdoor Advertising; Focus Media Holding Limited; JCDecaux SA; Lamar Advertising Company; Outfront Media, Inc.; LIVE BOARD, Inc.; Pattison Outdoor Advertising; Primedia Outdoor; Ströer Media SE; TOM Outdoor Media Group; Zoom Media, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Type (Traditional, Digital); Mode/Format (Billboards, Transit, Street Furniture, Other Modes/Formats)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Belgium; Switzerland; Rest of Europe; Asia-Pacific; Australia; Hong Kong; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Outdoor Advertising Market to Reach $33.1 Billion by 2026
Outdoor advertising refers to all displays/signs installed outside. Growth in the global market is currently driven by increased interest among businesses to recover from the pandemic impact and rearrange their operations to become profitable once again. Restrictive measures on people movement, including mandates for remote working and social distancing and closure of all commercial activities adversely impacted the market for outdoor advertising all through the year 2020. Outdoor advertising is among the many sectors that is expected to post recovery signs all through 2021. With adoption of outdoor advertising formats moving beyond the conventional boundaries of the retail sector, emerging end-user industries include the financial services industry (i.e. banks, financial institutions), hospitals, schools, and organizations for employee communications, among others. Several major advertisers have started expanding their capabilities for in-house programmatic media buying. Visual sensors and mobile location data are anticipated to take forward programmatic DOOH.

Amid the COVID-19 crisis, the global market for Outdoor Advertising estimated at US$28.2 Billion in the year 2022, is projected to reach a revised size of US$33.1 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. Traditional, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$25 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Digital segment is readjusted to a revised 4% CAGR for the next 7-year period. This segment currently accounts for a 26.7% share of the global Outdoor Advertising market. Bulletins, posters and spectacular displays are various forms of billboards, which fall under traditional outdoor category. Traditional billboards provide static displays and can be used by only one advertiser at any given point of time. Digital billboards invariably consist of plasma TV screens and offers full motion audio/visual advertisements. Digital billboards offer a far more effective display than traditional billboards. Digital billboards also offer several other advantages and enhance the effectiveness of outdoor advertising.

The U.S. Market is Estimated at $6.6 Billion in 2022, While China is Forecast to Reach $5.8 Billion by 2026
The Outdoor Advertising market in the U.S. is estimated at US$6.6 Billion in the year 2022. The country currently accounts for a 23.44% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$5.8 Billion in the year 2026 trailing a CAGR of 4.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$6.1 Billion by the end of the analysis period. Opportunities for advertising are on the rise in developing Asian countries such as India, China and Singapore largely as a result of a growing base of urban population and a resultant wider audience base of target corporate workers, commuters and shoppers. The retail boom in developing countries such as China, Singapore, Malaysia, Thailand, Dubai, UAE, Hong Kong, and India, among others provides a strong business case for new installations of both traditional billboards as well as digital signage systems. Major application areas in these regions include public notices and real-time weather forecasts among others.
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