According to a recent market study published by Growth Market Reports, titled, “Screen media market” by product type, and, by end-user: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 1,179.4 Million in 2022 and is expected to grow at a growth rate of 5.1% by the year 2031.

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As per Growth Market Reports industry analysts Divjot Singh “Screen media market is anticipated to witness significant growth during the forecast period 2023-2031.

Screen media is a term that refers to the various types of media content that can be displayed on screens, such as TVs, computers, smartphones, tablets. Screen media can include text, images, audio, video, animation, and interactive elements. Screen media can be used for various purposes, such as entertainment, education, information, communication, advertising, and marketing. screen media is the process of identifying the relevant product and geographic markets for screen media products and services, taking into account the demand and supply factors that affect the competitive conditions in those markets.

Key factors that are anticipated to fuel the demand for the North America Screen Media Market during the forecast period. The increasing mining activities in North America and growing investment in construction industry in screen media are driving the market. Conversely, regulatory challenges & environmental concerns and fragmentation of the screen media are hampering the growth of the market. The growing investment in recycling and waste management sector to bring new opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant-embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training; certification, maintenance; support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary, as well as secondary research methodology, is used for keen observation and study of the North America Screen Media Market . The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current & future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affects businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual markets and an enhancement of existing dynamics and limitations. In the long term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services.

Key Takeaways from the Study:

  • The key players include Buffalo Wire Works, Corrosion Engineering, Derrick Corporation, FLSmidth, Haver & Boecker Niagara, Metso, Multotec, Polydeck Screen Corporation, The Weir Group PLC, and Trelleborg.

  • Based on product type, the North America Screen Media Market is segmented into woven wire mesh, polyurethane, rubber, perforated plates, others. The woven wire mesh is expected to expand at a significant CAGR during the forecast period, owing to increasing demand for high-quality and durable screen media products, especially in the mining and quarrying industries, where woven wire mesh can provide high resistance to abrasion, corrosion, and impact. Woven wire mesh can also offer high screening efficiency, low maintenance, and long service life.

  • Based on end-user, the North America Screen Media Market is segmented into construction, mining, oil & gas, pharmaceuticals, food & beverage, and others. The construction segment is expected to expand at a substantial CAGR during the forecast period. The construction industry is one of the major sectors that use screen media products and services, such as digital signage, video walls, interactive kiosks, and projection screens. Screen media can enhance the communication, collaboration, and productivity of the construction industry, as well as provide new opportunities for marketing, branding, and customer engagement.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 1,179.4 Million

Market Growth Rate (from 2023 to 2031)

5.1%

Historical Data

2016 - 2021

Base Year

2022

Forecast Period

2023 - 2031

Units Considered

Value (USD Million)

Market Segments

By Product Type, By End-user, and By Region

Key Companies Profiled

Buffalo Wire Works, Corrosion Engineering, Derrick Corporation, FLSmidth, Haver & Boecker Niagara, Metso, Multotec, Polydeck Screen Corporation, The Weir Group PLC, and Trelleborg

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements

 

Target Audience:

  • Supply-side: Manufacturers

  • Demand Side: Construction, Mining, Oil & Gas, Pharmaceuticals, Food & Beverages, and Others

  • Regulatory Side: Concerned Government Authorities, and Other Regulatory Bodies.

  • Associations and Industry Bodies: Media and Entertainment Alliance, World Economic Forum and Others.