The Europe projector screen market is expected to grow from US$ 1,535.84 million in 2020 to US$ 2,758.92 million by 2027; it is estimated to grow at a CAGR of 9.2 % from 2021 to 2027.
Rising demand for portable projector screens are expected to upsurge the Europe projector screen market. The entertainment industry in Europe is evolving with technology as watching movies, events, shows, and other media on small screens is shifted toward large screens. Large portable projector screens and projectors are available at low price which increases the adoption of portable products. Customers prefer portable projector which is easy to setup at any location for temporary purpose. Increasing number of outdoor events, rooftop restaurants, hotels, and sports is propelling the adoption of portable projector screens to setup the screen easily. Moreover, market players across Europe are offering enhanced products that support portable operations to meet the customer demand. For instance, in November, 2019, Elite Screens, provider of advanced projector screens introduced new Elite Projector line, which offers a package of portable devices such as screen and projector to experience outdoor movie viewing for customers. Customers are demanding portable solution such as on-the-go projectors with screens for presentation, movie experience, and other purposes. As a result, portable projector screens are witnessing higher demand, which is augmenting the Europe market growth. Advantages of portable projector such as low price, easy to setup etc. are expected to increase its demand in coming years, which will drive the growth of the Europe projector screen market.
The COVID-19 pandemic has highly affected the European region, especially the UK and Italy. Both countries are expected to suffer an economic hit due to a lack of revenue from various industries, as both recorded the highest number of COVID-19 cases. Other member states had implemented drastic measures and travel restrictions, including partially closing their borders. Moreover, countries in the region, including Germany, France, and Belgium, have witnessed a second wave of the virus and have announced lockdown for the second time in November 2020. The lockdown announced by various governments across the Europe had resulted in temporary shutdown of offices, schools, cinema halls, manufacturing plants, and venues. This had negatively impacted the projector screen market. However, with people maintaining social distancing and staying at their homes, the demand for projector screens by the personal segment witness a slight growth. Additionally, with the relaxation of lockdown in later half of 2020, the demand is again expected to spike attributed to the implementation of advanced technologies by the enterprises, such as video conferencing to maintain minimum human interaction.
In terms of end user, the media and entertainment segment led the Europe projector screen market in 2020. The media and entertainment are transforming their services with the help of digital technologies to maximize their customer base. In the media and entertainment industry across Europe, cinema halls are the major adopters of projector screens, also the sport event conducting clubs, stadiums and other facilities are also adopting technologies. Latest advancements in video streaming technology supporting high-resolution videos—3D, 4K, and others—are increasing the demand for advanced projector screens across European region. In addition, outdoor events in the media and entertainment industry are spurring the projector screen demand in Europe. Growing cinema halls, stadiums, and clubs around the Europe region are expected to increase the demand of projector screen, which will drive the Europe projector screen market
The overall Europe projector screen market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe projector screen market. The process also serves the purpose of obtaining overview and forecast for the Europe projector screen market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, projector screen market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe projector screen market. Barco NV; Draper, Inc.; Elite Screens Inc.; Glimm Display; Grandview Crystal Screen Co. Ltd.; LEGRAND AV INC.; Seiko Epson Corporation (Seiko Group); and Stewart Filmscreen are among a few players operating in the Europe projector screen market.