Global single base color led billboard sales market report 2017 shows,compared to 2015, LED Billboard market increased sales by 7.36 percent to 2586.00 million USD worldwide in 2016 from 2408.69 million USD in 2015. It shows that the LED Billboard market performance is positive, despite the weak economic environment.
According to QYR,the global LED Billboard market is expected to reach $ 3713.78 million by 2022 from $ 2766.32 million in 2017, growing at a CAGR of 5.03% from 2017 to 2022. And China market is expected to be the biggest market with Output Market Share of 88.06% in 2022.
LED Billboard product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity or molding process basic Materials.
As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese LED Billboard industry is not only begin to transit to high-end LED Billboard products, while still extend in the resource-rich land and downstream industry chain.
With the increasing in Output capacity, expected that the LED Billboard raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of LED Billboard.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of LED Billboard will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.
Figure Global LED Billboard Revenue (Million USD) Status and Outlook (2012-2022)
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