US Out of Home Revenues to Grow 10-15% in 2021

PQ Media released its 12th Annual Global Out of Home Forecast for 2021-2025 yesterday.  PQ Media calculates that global out of home revenues declined 13% in 2020.  PQ Media forecast global out of home growth of 6.6% for 2021 and 7.5%/year for 2021-2025.

Here’s a comparison of the media forecasts for out of home revenues from PQ Media, Group M, Magna, Emarketer and Billups.  The forecasts predict 7-19% growth in global out of home revenue during 2021 and 10-15% growth in US out of home revenue during 2021

Emarketer’s forecast of 2%/year US out of home growth for 2021-2025 is laughable.  Billboard Insider expects US out of home growth of 5-8%/year for 2021-2025, well in excess of the growth rate of the US economy.

Global and US Out of Home revenue forecasts 2021-2025

Source Forecast Date Actual 2020 Forecast 2021 Forecast 2022 Forecast 2021-2025
PQ Media global OOH revenue Sep-21 -13.0% 6.6% 7.5%
Group M global OOH Jun-21 -25.0% 19.0%
Emarketer – US OOH  Mar-21 -29.7% 14.5% 2.0%
Billups – US OOH Mar-21 12.0%
Magna – US OOH Jun-21 -24.6% 10.4% 8.2%
OAAA US OOH  Mar-21 -29.0%

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