LED rental display market: development trajectory and future outlook from 2022 to 2025

Against the macro background of the continuous dynamic evolution of the global economic landscape, the LED rental display market is like a colorful but complex picture. From 2022 to 2025, it outlines a unique development trajectory every year.
In 2022, the overseas LED rental display market is the first to show clear signs of recovery.
2022 年，海外 LED 租赁显示屏市场率先呈现出清晰的复苏迹象。After experiencing previous industry fluctuations, overseas market demand began to gradually pick up, and the frequency of various activities rebounded, injecting new vitality into the LED rental display industry and becoming an important highlight of market development that year.
Entering 2023, the domestic concert economy will usher in explosive growth, like a raging fire, pushing the LED rental display market to a climax.
步入 2023 年，国内演唱会经济迎来爆发式增长，宛如一把熊熊烈火，将 LED 租赁显示屏市场推向了高潮。According to statistics, the market size achieved a significant growth of up to 35% that year, becoming a highlight moment in the development of the industry. Many singers 'concert tours have been held one after another, and large-scale performance venues have generated massive demand for LED rental displays, which has effectively promoted the prosperity of the market.
In 2024"", the global LED rental display market has embarked on a unique V-shaped development curve.
2024 年，全球 LED 租赁显示屏市场走出了一条独特的 "V 型" 发展曲线。
In the first quarter of 2024, the popularity of performances will remain unabated. The seasonal demand at the beginning of the year and the phased demand brought by the cloud warehouse model jointly support the market's stable demand for LED rental displays.
2024 年第一季度，演出活动热度依旧不减，年初的季节性需求以及云仓模式带来的阶段性需求，共同支撑着市场对 LED 租赁显示屏的稳定需求。Although the growth rate has slowed down compared with the past, the market still maintains a growth trend. However, entering the second quarter, the situation turned sharply. Conference-type market activities have dropped sharply, and the popularity of concerts has also cooled slightly, which has caused the overall LED rental display market to cool down rapidly. At the same time, competition in the supply chain has become increasingly fierce, the imbalance between supply and demand has intensified, the rental market has fallen into a downturn, and the second quarter has become a trough period for the annual output value.
幸运的是，2024 年第三季度开始，在多重利好因素的共同作用下，市场逐渐回暖，并在第四季度实现了强劲增长。The holding of large-scale ceremonies such as the Paris Olympics and the U.S. election has injected strong vitality into the market. Taylor Swift's global tour has triggered a craze for arc-shaped screen purchases, and the high popularity of Adele's concerts has also pushed the performance market to a new peak. These major events not only directly boosted the demand for LED rental displays, but also indirectly pushed the overall market back on the growth track.

经统计，2024 年全球 LED 租赁显示屏市场规模达到 98.54 亿，同比微增 2.81%。Among them, the domestic market was affected by various factors, with a year-on-year decline of approximately 13.92%; while the foreign market showed strong growth momentum, with a year-on-year increase of approximately 15%. This difference in domestic and foreign markets is mainly due to the superposition of changes in the needs of different application scenarios. For example, large-scale performing arts activities around the world will continue to be popular in 2024, and the demand for display screens in the performance market will further increase from 40% in 2023 to 60%, becoming the largest source of demand in the current LED rental display market. However, market demand for exhibitions and conferences has shown a downward trend, and the demand for film and television shooting screens has gradually become saturated. In addition, the transformation from the traditional leasing model to the Yuncang model has broken the original market segmentation between leasing companies and further intensified market competition.

The rise of new forms of concerts has brought more demand for high-quality LED displays and has become a new growth point for the future LED rental display market.
新形态演唱会的兴起，为高质量 LED 显示屏带来了更多需求，成为未来 LED 租赁显示屏市场的全新增长点。High-end LED rental displays used in stage performing arts are moving towards high parameters, high configuration, and large size. This trend has increased the added value of high-end LED rental displays on the one hand, and expanded its use area and penetration on the other hand.
以阿黛尔慕尼黑演唱会为例，在可容纳 8 万人的演唱会现场，为给观众带来绝佳体验，现场搭建了由 6000 + 张雷迪奥 CB5MKII LED 显示屏组成的超长大屏。The large screen is 220 meters long and 30 meters high, with a total area of 4,159.7 square meters and 140 million pixels. According to experts, Research estimates that the project's revenue will reach 120 to 160 million yuan. In addition, new business models such as "Taylor Swift: The Times Tour" that film concerts are being widely replicated in more concerts.
Overall, driven by the triple pull of demand, area and added value, the high-end LED rental display sector in concerts has achieved significant structural growth.
综合来看，在需求量、面积和附加值的三重拉动下，演唱会中的高端 LED 租赁显示板块实现了显著的结构性增长。
In the field of sports and competition, the key value of LED displays is to create commercial value for sporting events and enhance interactivity.
在体育与竞技领域，LED 显示的关键价值在于为体育赛事创造商业价值以及增强互动性。With the vigorous development of the event economy, the demand for LED displays for the opening and closing ceremonies of large-scale events and surrounding supporting facilities continues to rise. Therefore, when choosing LED displays, display products with innovative interactive characteristics and high value become the first choice. In 2024, the holding of many international events such as the European Cup, the America's Cup and the Paris Olympics will once again strongly drive the growth of the LED rental display market.
Judging from the overall performance of the LED rental display market in 2024, the market size has undergone structural adjustments, which has been revised back compared with the hot market in 2023.
从 2024 年 LED 租赁显示屏市场整体表现来看，市场规模经历了结构性调整，相较于 2023 年的火爆行情有所回调。The characteristics of regional differentiation are obvious. The markets in the Middle East, Europe and the United States continue to grow and become the core areas supporting the development of the industry. Industrial concentration has gradually increased, and the market share of leading enterprises has continued to expand.
租赁市场作为近年来 LED 显示产业增长的重要细分领域，吸引了众多其他领域显示屏企业纷纷涉足。The production capacity of the display industry continues to be exported to the leasing market. The leverage model improves the downstream ability to undertake rental display production capacity and accelerates the reconstruction of the market competition landscape. The intensification of market competition has led to changes in the landscape. Leading companies have launched multi-dimensional competition through service innovation and scenario expansion, and orders have gradually been concentrated in powerful companies. These companies stand out in the market competition, and their market share has steadily expanded. The LED rental display market has shown a trend of increasing concentration, and the Matthew effect of the strong always being strong has become increasingly prominent.
2023 年，LED 租赁显示屏前五的屏厂产值总和占总产值的比例超过 50%。By 2024, the market share of the top five LED rental display manufacturers will further increase.
在 LED 租赁显示屏市场第一梯队的企业中，洲明（雷迪奥）、艾比森、光祥、视爵等表现突出。Take Redio, the leading brand, as an example. By creating benchmark hot products and providing top-of-the-line services, it stands out in the market and becomes one of the few companies that continue to maintain growth and steady development in this sector. In 2024, Redio will create multiple global tours for more than 10 top-notch artists such as Adele and Jay Chou, and continue to occupy the world's first place in high-end LED rental displays. In the current context of fierce market competition and pressure on prices, companies have enhanced their competitiveness by improving the technical selling points of rental products. At the same time, at the supply level, multiple factors such as products and services, prices, business models, cross-border entry, and financial leverage have jointly shaped the new ecosystem of the leasing market. The core competitiveness of enterprises is more focused on cash flow.
雷迪奥的母公司洲明科技，作为整个 LED 显示板块的龙头企业，持续投入高额研发费用推动底层创新，在资金、品牌运营自由度、产能等方面为雷迪奥提供坚实保障，助力其在高端租赁市场构建多重竞争优势。This group-based innovative collaboration mechanism allows Redio to maintain a high premium capacity and repurchase rate by leading customers in the high-end LED rental display market, consolidating its share in the world's top performing arts market.
Looking at the 2022 - 2025 industrial cycle, the LED rental display market has built a resilient growth model with the ability to ride through economic fluctuations.
纵观 2022 - 2025 年产业周期，LED 租赁显示屏市场已构建起具备穿越经济波动能力的韧性增长模型。Although changes and adjustments in various factors in the market will cause periodic fluctuations, in the long run, the growth driving force of the LED rental display market comes from the continued growth of downstream demand.
在经济呈现回升向好的大趋势下，作为处于成熟阶段的行业，LED 租赁显示未来发展预计将呈现平稳增长态势。It is expected that the global LED rental display market will reach 10.347 billion yuan in 2025, a year-on-year increase of 5%. This forecast is not only based on the past development trajectory of the market, but also comprehensively considers various factors such as the macroeconomic environment, changes in downstream demand and the industry competition landscape, showing that the LED rental display market still has relatively broad development space in the future.