Decorative Lighting Market Report: Trends, Forecast and Competitive Analysis to 2030

Decorative Lighting Trends and Forecast

The future of the global decorative lighting market looks promising with opportunities in the offline (hypermarkets, supermarkets, specialty stores, etc.) markets. The global decorative lighting market is expected to reach an estimated $167.8 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing usage of lighting for the ambiance of the room in residential and commercial sector and adoption of smart lighting systems.

A more than 150-page report is developed to help in your business decisions.

Decorative Lighting by Segment

The study includes a forecast for the global decorative lighting by light source, distribution channel, end use industry, and region.

Decorative Lighting Market by Light Source [Shipment Analysis by Value from 2018 to 2030]:

• LED
• Fluorescent
• Incandescent
• Other Light Sources

Decorative Lighting Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Offline (Hypermarkets, Supermarkets, Specialty Stores, Etc.)

Decorative Lighting Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Household

Decorative Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Decorative Lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies decorative lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the decorative lighting companies profiled in this report include-

• AB Fagerhult
• Acuity Brands
• Amerlux
• Bridgelux
• Crenshaw
• Feit Electric
• Generation Lighting

Decorative Lighting Market Insights

Lucintel forecasts that led is expected to witness highest growth over the forecast period due to cost-effectiveness and energy efficiency.

Within this market, offline will remain the largest segment due to increasing availability and encouragement to make offline purchases.

North America is expected to witness highest growth over the forecast period due to growing doption of innovative decorative lights in the region.

Features of the Global Decorative Lighting Market

Market Size Estimates: Decorative lighting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Decorative lighting market size by light source, distribution channel, end use industry, and region in terms of value ($B).

Regional Analysis: Decorative lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different light source, distribution channel, end use industry, and regions for the decorative lighting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the decorative lighting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the decorative lighting market size?

Answer: The global decorative lighting market is expected to reach an estimated $167.8 billion by 2030.

Q.2 What is the growth forecast for decorative lighting market?

Answer: The global decorative lighting market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the decorative lighting market?

Answer: The major drivers for this market are increasing usage of lighting for the ambiance of the room in residential and commercial sector, adoption of smart lighting systems, and .

Q4. What are the major segments for decorative lighting market?

Answer: The future of the decorative lighting market looks promising with opportunities in the offline (hypermarkets, supermarkets, specialty stores, etc.) markets.

Q5. Who are the key decorative lighting market companies?

Answer: Some of the key decorative lighting companies are as follows.

• AB Fagerhult
• Acuity Brands
• Amerlux
• Bridgelux
• Crenshaw
• Feit Electric
• Generation Lighting

Q6. Which decorative lighting market segment will be the largest in future?

Answer: Lucintel forecasts that led is expected to witness highest growth over the forecast period due to cost-effectiveness and energy efficiency.

Q7. In decorative lighting market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing doption of innovative decorative lights in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the decorative lighting market by light source (LED, fluorescent, incandescent, and other light sources), distribution channel (offline (hypermarkets, supermarkets, specialty stores, etc.)), end use industry (commercial and household), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?