The industry has experienced strong growth over the five years to 2017, as the emergence of video streaming platforms and increased demand for video content has led to a surge in independent producers, who are more likely to lack equipment inventories and instead rent for their project's needs. Over the five years to 2022, industry revenue is projected to increase at a slightly slower rate than the previous period. The industry is expected to grow more moderately relative to the prior period following the initial surge in downstream activity related to increased filmed entertainment production for online platforms. However, the expected emergence of additional streaming platforms, as well as a favorable financing environment for small-scale productions, will sustain stable demand for equipment rentals.
This industry includes companies that primarily rent out equipment used in movie or theater production including lighting, sound, stage platforms, musical instruments, props and costumes. Businesses that primarily rent out audio or video recording equipment are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.