MAM
Report on Shemaroo

Real estate emerges biggest spender on OOH advertising in 2020

Due to the pandemic, the segment de-grew by 60 per cent last year.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/04/03/ooh.jpg?itok=4Qp2P8u2

NEW DELHI: 2020 was a very crucial year for humanity, as the entire world went into sleep mode due to the Covid2019 outbreak. From wearing masks, social distancing, the deadly virus changed the way people have been living for centuries. The pandemic also brought about changes in the out-of-home (OOH) ad segment, as people limited their lives inside their homes. 

OOH segment de-grew 60 per cent in 2020

As a majority of people were confined to their homes for the better part of last year, the OOH sector de-grew by 60 per cent in India. Revenue generated by the category was 15.6 billion in 2020, a steep drop I from Rs 39.1 billion in 2019. According to a recent study conducted by FICCI and EY, OOH advertising  will Blake a comeback in 2021, with the revenue rising to Rs 21.6 billion. By the end of 2023, the sector’s revenue will be Rs 31.8 billion, though still less than the 2019 earnings. 

Traditional OOH comprised 60 per cent of revenues and remained the largest segment, while transit media comprised 35 per cent of the sector. The OOH spends on transit media was 39 per cent in 2019, and it witnessed a drastic fall as rail, metro, and air all witnessed large drops due to the lockdown and restrictions on travel. 

Findings of the study showed that transit media comprised Rs 5.5 billion in 2020, and it is expected to grow to Rs 10.8 billion by 2023. This will be mainly due to 452 kilometers of metro line projects across the top seven cities that are currently under construction. Moreover, the government also plans to build or widen 60,000 km of roads by 2025. 

As the vaccine rollout is progressing steadily, the sector is currently on the road to recovery. 

Real estate dominates the ad sector in OOH

Real estate and construction, FMCG, financial services, auto, and media are the top five categories that contributed to OOH spends in 2020. With 21 per cent spends, real estate dominated the OOH ad sector. Primarily, the factors that drove the real estate sector in 2020 were revision in home loan interest rates and conducive government policies. 

However, OOH spends from hospitals, restaurants, educational sector, organised retail, and telecom witnessed a sharp fall in 2020. Moreover, from April to June 2020, most of the OOH sites were dominated by government ads about the pandemic. During this time, several companies refrained from spending on OOH, as Covid cases in the country were on the rise. 

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/23/magicpin-bread.jpg?itok=g-5J24ss
After viral campaign, brands take on Cred with 'bread' & 'bed' points

MUMBAI: Credit card payments app Cred has been grabbing a lot of eyeballs for its latest series of ads coming against the backdrop of the Indian Premier League, featuring actor Jim Sarbh and a host of other celebrities – from cricketer Rahul Dravid, to actor Jackie Shroff and playback singer Kumar...

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/photogrid_plus_1619095463564.jpg?itok=VA_oRpnG
On Earth Day, L’Oréal Paris pledges to reduce its carbon footprint by 50%

Mumbai: Amid increasing urgency to combat climate change, brands around the world have begun reevaluating their production practices. Now, beauty brand L’Oréal Paris has announced its sustainability program, ‘L’Oréal for the Future, because our Planet is Worth it’, on the occasion of World Earth...

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/photogrid_plus_1619075136291.jpg?itok=kl3ExQnh
Akhil Almeida is new head of marketing at Aegon Life

MUMBAI: Digital life insurance company Aegon Life has onboarded Akhil Almeida as its head of marketing. In this role, Almeida will be responsible for heading the company's branding, communication, and other digital marketing functions.  Almeida has more than 16 years of experience in various...

MAM Media and Advertising People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/photogrid_plus_1619071031749_2.jpg?itok=UsRFdJaE
Pankaj Gupta joins Coinbase from Google Pay

NEW DELHI: In an attempt to build a strong team from scratch, American cryptocurrency exchange company Coinbase has appointed Pankaj Gupta as its vice president - engineering and site lead for India. Before joining Coinbase, Gupta was leading Google Pay Engineering in APAC.  To expand its...

MAM Media and Advertising People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/photogrid_plus_1619070902751.jpg?itok=HDjT6uLy
Sanchita Roy takes over as head of strategy at Havas Media Group India

Mumbai: Havas Media Group India has strengthened its leadership team with Sanchita Roy taking over as head of strategy on Thursday. Roy had joined the group as head of west to manage the overall Mumbai operations in 2020 and carries over 19 years of experience in media planning and strategy.  In...

MAM Media and Advertising People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/herbalife_nutrition.jpg?itok=Y9FQ_jxE
IPL 2021: Herbalife Nutrition partners with Royal Challengers Bangalore

MUMBAI: Herbalife Nutrition is now the official nutrition partner to Royal Challengers Bangalore (RCB) for the 2021 season of the India Premier League. The global nutrition brand is known for fueling the performance of several sporting teams and athletes globally and this association reflects the...

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/vineeta_singh-kaushik_mukherjee.jpg?itok=MVA5fqhp
From the verge of closing shop, SUGAR Cosmetics delivers 49X returns to investor

MUMBAI: How many people know that the now cult-favourite beauty brand of Gen Z and millennials, SUGAR was once on the verge of shutting shop due to lack of funding? The direct-to-consumer SUGAR Cosmetics founded in 2015 by IIM Ahmedabad alumni Vineeta Singh and Kaushik Mukherjee is one of the...

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/21/img_21042021_153715_800_x_800_pixel.jpg?itok=Z45_2cVb
Panasonic India forms new strategic business division - Spatial Solutions

NEW DELHI: Panasonic India has unveiled its new Spatial Solution Division, a move to expand the company's strong presence in the smart home solutions market. The Japanese electronics giant has also promoted Dinesh Agarwal as the new joint managing director of Panasonic Life Solutions.  In this new...

MAM Media and Advertising People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/21/img_21042021_140427_800_x_800_pixel.jpg?itok=8nNu0MaV
Madison Media wins 23 new businesses in FY 2020-21

Mumbai: Madison Media has created a record by winning 23 new accounts in a financial year, the agency said in a press statement. Amidst the nationwide lockdown and work-from-home, the new business wins amounted to a billing of $211 million as per Convergence New Business Report published in March...

MAM Media and Advertising AD Agencies

Sign up for our Newsletter

subscribe for latest stories

* indicates required