Sign Manufacturing Market Characteristics
The sign manufacturing market consists of sales of signs by entities (organizations, sole traders and partnerships) that produce signs. The sign manufacturing industry comprises establishments that produce signs and related displays of all materials (except printing paper and paperboard signs, notices, and displays).
Competitive Landscape of the Sign Manufacturing Market
Major players in the global sign manufacturing market include Samsung Electronics Co.Ltd., LG Display Co.Ltd, NEC Display Solutions, Sharp Corporation, and Planar Systems.
Sign Manufacturing Market Size
The sign manufacturing market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the sign manufacturing market is due to emerging markets growth, rise in disposable income, technology development.
However, the market for sign manufacturing is expected to face certain restraints from several factors such as lack of available resources, workforce issues and increasing inventory levels.
Sign Manufacturing Market Segmentation
The global sign manufacturing market is further segmented based on type and geography.
By Type - The sign manufacturing market is segmented into traditional billboards and signs, digital billboards and signs, others.
By Geography - The global sign manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific sign manufacturing market accounts the largest share in the global sign manufacturing market.
Trends in the Sign Manufacturing Market
There is a rise in demand for digital signage due to its better information managing capabilities. Digital Signage is an obscurely administered digital display that is used for sales, marketing or advertisement purposes. Digital Signage enables to easily deploy advertisements and also saves cost and time on logistics and printing materials as the major trends witnessed in the global sign manufacturing market.
Potential Opportunities in the Sign Manufacturing Market
With increase in positive economic outlook, growth of e-commerce, government regulations, the scope and potential for the global sign manufacturing market is expected to significantly rise in the forecast period.