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          1. Outdoor Advertising Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/6/2020
            SIC Codes: NA
            NAICS Codes: 541850
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Outdoor Advertising Industry Profile

            Companies in this industry create print and digital advertising material and place it on outdoor displays such as billboards, transit vehicles, and street furniture. Major US outdoor advertising agencies include Clear Channel Outdoor, Intersection Media Holdings, Lamar Advertising, and Outfront Media. Leading companies based outside the US include ExterionMedia (the UK), JCDecaux (France), Ströer (Germany), and Val Morgan (Australia),.

            Total global revenue from out-of-home advertising is about $50 billion. Strong growth is expected to come from markets where investment in infrastructure is rising, such as Turkey, China, and Brazil, according to PricewaterhouseCoopers.

            The US outdoor advertising industry includes some 2,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $8 billion. Advertising and marketing services, ad agencies, and sign manufacturing are covered in separate industry profiles.

            COMPETITIVE LANDSCAPE

            Demand for outdoor advertising is driven by spending on transit infrastructure, as well as business in sectors such as retail, media, health care, and banking and financial services. The profitability of individual companies depends on the ability to attract and retain creative employees and establish and maintain successful relationships with clients. Big companies have advantages in providing outdoor advertising in multiple geographic markets. Small companies can compete effectively by specializing in local markets or offering lower pricing. The US industry is concentrated: the top 50 companies account for nearly 80% of revenue.

            The outdoor advertising industry competes with other forms of ...

             
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