Game over: The rising ease of pirating online content is expected to diminish the industry's revenue
DVD, game and video rental stores have been experiencing steady declines for nearly two decades, as consumers have increasingly turned to other outlets for related media. The rise of online streaming services has been an insurmountable blow for many rental shops. Streaming services often offer consumers larger libraries, lower prices and greater accessibility, leaving little room for competition. The pandemic exacerbated negative trends, resulting in hundreds of shops exiting the industry. Revenue has been declining at a CAGR of 13.3% over the past five years and is expected to reach $326.6 million in 2023 when declines will temporarily slow to an estimated 1.0%.
This industry comprises operators that rent out prerecorded media such as movies, TV and video games. This industry excludes revenue generated from mail-distributed, kiosk-distributed, on-demand and online streaming rentals.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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