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PUBLISHER: IMARC | PRODUCT CODE: 1291577
PUBLISHER: IMARC | PRODUCT CODE: 1291577
Decorative Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global decorative lighting market size reached US$ 40.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.
Decorative lighting is an illumination source manufactured using incandescent, fluorescent and light-emitting diodes (LED) that emit faded or bright lights of different colors. Chandelier, ceiling, flush-mount, pendants, and sconce are some of the commonly used decorative lightings. These lights are available in various shapes, textures, styles, and sizes and can be customized accordingly. Decorative lighting assists in enhancing the beauty of living spaces and homes by increasing the overall aesthetics of the room. It can easily be hardwired or plugged into an outlet and powered using a battery or solar energy. It can also be used in indoor and outdoor lighting to highlight various models, paintings, and objects in rooms and halls. As a result, decorating lightings are widely used across salons, restaurants, and households.
Decorative Lighting Market Trends:
The increasing demand for decorative lighting in the residential and commercial sectors is one of the key factors driving the growth of the market. Decorative lighting aids in illuminating workspaces within the home and is widely used in ceilings, tables, kitchens, walls, and under cabinets. In line with this, the changing design styles and trends in interior designing toward creating space, improving space efficiency, lighting effect, and enhancing aesthetic appeal is favouring the market growth. Moreover, various technological advancements, such as the introduction of smart sensors in decorative lighting, is providing a considerable boost to the market growth. Additionally, the increasing demand for decorative lighting has compelled the key manufacturers to collaborate and introduce umpteen other advanced product variants, such as sensor-based decorative lighting, which is providing an impetus to the market growth. Apart from this, the rising expenditure capacities of the consumers and the implementation of various government initiatives to enhance infrastructural development are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global decorative lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, light source, distribution channel and end user.
Breakup by Product Type:
Chandelier
Pendant
Sconce
Flush Mount
Ceiling Mount
Wall Mount
Others
Breakup by Light Source:
LED
Fluorescent
Incandescent
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
Breakup by End User:
Commercial
Household
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuity Brands Inc., Bridgelux Inc., Crest LED Lighting, Fagerhults Belysning AB, General Electric Company, Honeywell International Inc., Hubbell Incorporated, Ideal Industries Inc., Maxim Lighting, Nichia Corporation, Osram Licht AG (ams AG) and Signify Holding.
Key Questions Answered in This Report:
- How has the global decorative lighting market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global decorative lighting market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the light source?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global decorative lighting market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5032
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Decorative Lighting Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Chandelier
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Pendant
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Sconce
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Flush Mount
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Ceiling Mount
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Wall Mount
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Light Source
- 7.1 LED
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Fluorescent
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Incandescent
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Hypermarkets and Supermarkets
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Specialty Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Online Stores
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by End User
- 9.1 Commercial
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Household
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Acuity Brands Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Bridgelux Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Crest LED Lighting
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 FagerhultsBelysning AB
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 General Electric Company
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Honeywell International Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Hubbell Incorporated
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Ideal Industries Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Maxim Lighting
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Nichia Corporation
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Osram Licht AG (ams AG)
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Signify Holding
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.1 Acuity Brands Inc.
Product Code: SR112023A5032
List of Figures
- Figure 1: Global: Decorative Lighting Market: Major Drivers and Challenges
- Figure 2: Global: Decorative Lighting Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Decorative Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Decorative Lighting Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Decorative Lighting Market: Breakup by Light Source (in %), 2022
- Figure 6: Global: Decorative Lighting Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Decorative Lighting Market: Breakup by Distribution Channel (in %), 2022
- Figure 8: Global: Decorative Lighting Market: Breakup by Region (in %), 2022
- Figure 9: Global: Decorative Lighting (Chandelier) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Decorative Lighting (Chandelier) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Decorative Lighting (Pendant) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Decorative Lighting (Pendant) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Decorative Lighting (Sconce) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Decorative Lighting (Sconce) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Decorative Lighting (Flush Mount) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Decorative Lighting (Flush Mount) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Decorative Lighting (Ceiling Mount) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Decorative Lighting (Ceiling Mount) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Decorative Lighting (Wall Mount) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Decorative Lighting (Wall Mount) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Decorative Lighting (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Decorative Lighting (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Decorative Lighting (LED) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Decorative Lighting (LED) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Decorative Lighting (Fluorescent) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Decorative Lighting (Fluorescent) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Decorative Lighting (Incandescent) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Decorative Lighting (Incandescent) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Decorative Lighting (Other Light Sources) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Decorative Lighting (Other Light Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Decorative Lighting (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Decorative Lighting (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Decorative Lighting (Household) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Decorative Lighting (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Decorative Lighting (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Decorative Lighting (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Decorative Lighting (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Decorative Lighting (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Decorative Lighting (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Decorative Lighting (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Decorative Lighting (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Decorative Lighting (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: North America: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: North America: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United States: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United States: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Canada: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Canada: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Asia-Pacific: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Asia-Pacific: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: China: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: China: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Japan: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Japan: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: India: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: India: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: South Korea: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: South Korea: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Australia: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Australia: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Indonesia: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Indonesia: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Europe: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Europe: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Germany: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Germany: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: France: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: France: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: United Kingdom: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: United Kingdom: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Italy: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Italy: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Spain: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Spain: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Russia: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Russia: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Others: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Others: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Latin America: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Latin America: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Brazil: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Brazil: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Mexico: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Mexico: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Others: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Others: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Middle East and Africa: Decorative Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Middle East and Africa: Decorative Lighting Market: Breakup by Country (in %), 2022
- Figure 91: Middle East and Africa: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Global: Decorative Lighting Industry: SWOT Analysis
- Figure 93: Global: Decorative Lighting Industry: Value Chain Analysis
- Figure 94: Global: Decorative Lighting Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Decorative Lighting Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Decorative Lighting Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Decorative Lighting Market Forecast: Breakup by Light Source (in Million US$), 2023-2028
- Table 4: Global: Decorative Lighting Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Decorative Lighting Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Decorative Lighting Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Decorative Lighting Market: Competitive Structure
- Table 8: Global: Decorative Lighting Market: Key Players
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