Market Size of Outdoor Printed Signage Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 31.36 Billion |
Market Size (2029) | USD 50.62 Billion |
CAGR (2024 - 2029) | 10.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Outdoor Printed Signage Market Analysis
The Outdoor Printed Signage Market size is estimated at USD 31.36 billion in 2024, and is expected to reach USD 50.62 billion by 2029, growing at a CAGR of 10.5% during the forecast period (2024-2029).
Outdoor printed signage is a ubiquitous choice globally, prominently serving as a marketing tool. It is instrumental in drawing and educating consumers about product features, primarily through billboards, banners, and more.
- Over time, printed signage has proven important in swiftly capturing customers’ attention, a crucial step in creating brand awareness, especially given the fleeting moments vendors have before a potential customer moves on.
- The market's growth is predominantly steered by its cost-effectiveness, offering a budget-friendly yet efficient signage solution across various industries. The appeal further lies in the minimal initial investment and extended durability, which bolstered outdoor printed signage's resilience against the rising tide of digital alternatives.
- Many businesses opt for printed signage due to its easy deployment and the absence of additional maintenance costs. Within industries, the retail sector emerges as the frontrunner in embracing printed signage. With the advancements in printing technologies, businesses can now craft high-definition, eye-catching signage at a fraction of the traditional costs.
- Advertising and promotions are the primary subjects for industries contributing to the growth of the printed signage market. Various national and international brands and corporations use different inks and printers to help them in their out-of-home advertising. Advertising using large banners and sign signage building wraps, among other things, draws the target audience and increases their sales and revenue.
- The market also faces challenges, including digital signage's dynamic content and customization features, leading to a gradual shift away from traditional printed solutions. Enterprises leverage large-format printing to create impactful visuals, from banners and posters to marketing displays. Moreover, outdoor printed signage finds its place not just in advertising but also in the day-to-day operations of various companies, prominently displayed in retail spaces, lobbies, tradeshows, and event venues.
Outdoor Printed Signage Industry Segmentation
Printed signage is one of the widely used forms of signage solutions worldwide. It is mainly employed to market and advertise products, entice consumers, and expand their understanding regarding availability and features through billboards and other displays.
The outdoor printed signage market is segmented by product type (banner and backdrop, billboards and hoardings, and other product types), end-user industry (BFSI, retail, construction, healthcare, and other end-user industries), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The report offers market sizes and forecasts in value (USD) for all the above segments.
By Product Type | |
Banner and Backdrop | |
Billboards and Hoardings | |
Other Product Types |
By End-User Industry | |
BFSI | |
Retail | |
Construction | |
Healthcare | |
Other End-User Industies |
By Geography*** | |
North America | |
Europe | |
Asia | |
Australia and New Zealand | |
Latin America | |
Middle East and Africa |
Outdoor Printed Signage Market Size Summary
The outdoor printed signage market is experiencing significant growth, driven by its role as a cost-effective and efficient marketing tool across various industries. This market is characterized by its ability to quickly capture consumer attention, making it a vital component in brand awareness strategies. The appeal of outdoor printed signage lies in its minimal initial investment and durability, which helps it maintain relevance despite the rise of digital alternatives. The retail sector, in particular, is a major adopter of printed signage, utilizing it to enhance customer engagement and drive foot traffic. Advances in printing technology have further enabled businesses to produce high-definition signage at reduced costs, reinforcing the market's expansion.
Regionally, the Asia-Pacific market is witnessing a surge in demand for printed signage, fueled by competitive advertising strategies and government initiatives aimed at enhancing urban landscapes. Countries like India are seeing increased spending on print advertising, contributing to the market's growth. The industry is also embracing sustainability, with innovations in eco-friendly materials and inks attracting environmentally conscious consumers. The market is fragmented, with key players like Avery Dennison Corporation and Orafol Europe GmbH leading in market share. These companies are expanding their presence through strategic partnerships and technological advancements, further propelling the market's development.
Outdoor Printed Signage Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Banner and Backdrop
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2.1.2 Billboards and Hoardings
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2.1.3 Other Product Types
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2.2 By End-User Industry
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2.2.1 BFSI
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2.2.2 Retail
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2.2.3 Construction
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2.2.4 Healthcare
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2.2.5 Other End-User Industies
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2.3 By Geography***
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia
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2.3.4 Australia and New Zealand
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2.3.5 Latin America
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2.3.6 Middle East and Africa
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Outdoor Printed Signage Market Size FAQs
How big is the Outdoor Printed Signage Market?
The Outdoor Printed Signage Market size is expected to reach USD 31.36 billion in 2024 and grow at a CAGR of 10.5% to reach USD 50.62 billion by 2029.
What is the current Outdoor Printed Signage Market size?
In 2024, the Outdoor Printed Signage Market size is expected to reach USD 31.36 billion.