New York, Sept. 03, 2019 (GLOBE NEWSWIRE) -- The recent report on the global portable stages market published by PMR provides a comprehensive analysis of the global portable stages market. The global portable stages market is expected to grow at a CAGR of ~8% in terms of market value throughout the forecast period of 2019-2029, and is estimated to be US$ ~150Mn in 2019. Moreover, in terms of consumption, the portable stages market is expected to register 2.1X growth, and the consumption volume of portable stages is expected to reach ~500,000 (Units) by the end of 2029. Economic solutions over permanent stage is expected to boost the demand for portable stages in the upcoming years. The global portable stages market is anticipated to witness significant growth in sales over the forecast period (2019 to 2029)

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As a result of stable demand for portable stages from the growing entertainment and recreation industry, the Americas region is estimated to hold a noticeable share of the global portable stages market, in terms of value and volume. Furthermore, the Americas market leadership is determined to remain steady over the forecast period, followed by Western Europe and South Asia, including China, where the portable stages market is expected to grow at a significant rate.

Among various types of portable stages by size, the large portable stages segment is anticipated to hold nearly one third of the global portable stages market share by size throughout the forecast period. However, the medium portable stages segment is expected to project profitable growth over the forecast period.

The market is mainly driven by high volume adoption of portable stages in the sports and recreation industry. The rising number of sports events and recreational activities in developing as well as developed regions are estimated to propel the growth of the portable stages market. In terms of revenue growth, the sports and recreation industry segment is projected to expand at a significantly high rate than other end-use segments over the forecast period. The increasing sports events, such as sports competitions and tournaments, are projected to influence major players, to manufacture more portable stages, increasing the sales of portable stages.

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Some of the major market participants of the global portable stages market operating at international and domestic levels are as follows:

With the significant number of market participants in the global portable stages market, the competition among these players is intense. Some of the players such as Wenger Corporation, Hertz Furniture System LLC, and Signature Systems Group LLC, along with other prominent players, are categorized under organized players of the global portable stages market. Rest of the small players are classified under unorganized players of the global portable stages market structure. Some of the key development strategies in the global portable stages market consist of the customization of portable stages as per the requirement of end users to meet the growing demand for portable stages. To expand product offerings, market leaders are targeting players dealing in other product segments related to the staging solutions. The global market leaders of the portable stages market are more into expansion of the dealer’s network to increase their market footprint across domestic and international market.

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