U.S. & Canada Residential Lighting Fixtures Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research presents an extensive analysis of the U.S. & Canada Residential Lighting Fixtures Market. This report provides a deep dive into the market trends, driving factors, challenges, and emerging opportunities, offering valuable insights tailored to stakeholders in the residential lighting sector. It furnishes a detailed overview, crucial statistics, and projections that chart the market's trajectory from 2024 to 2031.

Key Insights:

Market Size (2024): USD 22.15 Billion
Projected Market Value (2031): USD 38.79 Billion
Growth Rate (CAGR 2024 to 2031): 8.3%

U.S. & Canada Residential Lighting Fixtures Market - Report Scope:

The market encompasses a broad array of lighting fixtures designed for residential applications, including chandeliers, ceiling pendants, wall sconces, recessed lighting, and outdoor illuminations. This market caters to a diverse range of consumer aesthetics and functionalities, providing innovative solutions that enhance both the utility and ambiance of residential spaces.

Market Growth Drivers:

The U.S. & Canada Residential Lighting Fixtures Market is driven by several key factors. Rising homeowner renovations and the increasing adoption of smart home technologies fuel the demand for modern and energy-efficient lighting solutions. Consumer preferences for aesthetically pleasing yet functional lighting options propel market growth. Additionally, advancements in LED technologies, wireless control systems, and design innovations enable manufacturers to offer distinctive products that align with contemporary home decor trends and sustainability standards.

Market Restraints:

Despite its growth prospects, the market faces challenges including fluctuating raw material prices and compliance with stringent energy regulations. The cost of advanced lighting technologies can also be a barrier for wider adoption. Moreover, the increasing market competition and the necessity to keep up with rapidly changing design trends demand constant innovation and adaptability from manufacturers.

Market Opportunities:

Emerging trends in home automation and eco-friendly living offer significant growth opportunities for the U.S. & Canada Residential Lighting Fixtures Market. There is a growing consumer interest in lighting solutions that integrate with home automation systems to enhance energy efficiency and user convenience. The shift towards energy-saving and environmentally friendly lighting options also opens new avenues for product development and market differentiation. Manufacturers who leverage these trends with innovative products can capture significant market shares and establish strong customer loyalty.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Residential Lighting Fixtures Market in the U.S. and Canada?
How are advancements in lighting technology and consumer preferences shaping the future of residential lighting?
What are the key challenges and opportunities for market participants in this sector?
Which product categories and design trends offer the highest growth potential?
What strategies are leading companies employing to foster innovation, enhance customer engagement, and ensure sustainability in this competitive market?

Competitive Intelligence and Business Strategy:

Leading players in the U.S. & Canada Residential Lighting Fixtures Market, including major lighting manufacturers and design firms, focus on innovation, consumer engagement, and sustainable practices. Companies invest in R&D to pioneer cutting-edge lighting technologies and aesthetic designs that meet both functional needs and environmental standards. Strategic partnerships with homebuilders, interior designers, and technology providers also play a crucial role in expanding market reach and enhancing product offerings. Additionally, an emphasis on marketing, customer service, and brand loyalty is critical for long-term success and market growth.

Key Companies Profiled:

Philips Lighting Holding B.V.
General Electric Company
Acuity Brands Lighting Inc.
Eaton Corporation
Hubbell Incorporated
Cree Inc.
Lutron Electronics Co.
Leviton Manufacturing Co.
OSRAM Licht AG
Legrand SA

U.S. & Canada Residential Lighting Fixtures Market Segmentation

By Product:

Chandeliers
Pendants
Flush Mount Ceiling Lights
Semi-Flush Mount Ceiling Lights
Others

By Usage:

Indoor
Outdoor

By Material:

Aluminum
Plastic
Metal
Others

By Power Source:

Corded-electric
Hardwired
Battery-powered

By Sales Channel:

Wholesalers/Distributors
Direct Sales
Specialty Stores
Online Retailers
Other Sales Channels

By Country:

U.S.
Canada

Product Code: PMRREP33161

1. Executive Summary

1.1. U.S. & Canada Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy
2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market
- 3.1.1. Rising Demand For Decorative Lighting In The Residential Segment
- 3.1.2. Rapid Urbanization And Increased Investment In The Electronics Industry
- 3.1.3. Technological Advancements In Residential Lighting Fixtures
- 3.1.4. Others (During The Course of Study)
3.2. Product Development Trends

4. U.S. & Canada Residential Lighting Fixtures Market Demand Analysis 2019-2023 and Forecast, 2024-2031

4.1. Historical Market Volume (Mn Units) Analysis, 2019-2023
4.2. Current and Future Market Volume (Mn Units) Projections, 2024-2031
4.3. Y-o-Y Growth Trend Analysis

5. U.S. & Canada Residential Lighting Fixtures Market - Pricing Analysis

5.1. Regional Pricing Analysis By Product Type
5.2. Pricing Break-up
- 5.2.1. Manufacturer Level Pricing
- 5.2.2. Distributor Level Pricing
- 5.2.3. Retail Level Pricing
5.3. U.S. & Canada Average Pricing Analysis Benchmark

6. U.S. & Canada Residential Lighting Fixtures Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031

6.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Market Background

7.1. Macro-Economic Factors
- 7.1.1. U.S. & Canada GDP Growth Outlook
- 7.1.2. U.S. & Canada Consumer Spending Outlook
- 7.1.3. U.S. & Canada Manufacturing Industry Outlook
- 7.1.4. Retail Sector GVA and Growth
- 7.1.5. U.S. & Canada Urbanization Overview
- 7.1.6. Outbreak of Covid-19 Pandemic
- 7.1.7. Impact of Online Sales
7.2. Industry Value and Supply Chain Analysis
- 7.2.1. Profit Margin Analysis at Each Sales Point
- 7.2.2. List & role of key participants
  - 7.2.2.1. Manufacturers
  - 7.2.2.2. Distributors/Retailers
7.3. Forecast Factors - Relevance & Impact
- 7.3.1. Top Companies Historical Growth
- 7.3.2. GDP Growth Rate Analysis
- 7.3.3. U.S. & Canada Retail Sales Outlook
- 7.3.4. Manufacturing Sector GVA
- 7.3.5. Urbanization Growth Outlook
- 7.3.6. Consumer Price Index
7.4. PESTLE Analysis of U.S. & Canada Residential Lighting Fixtures Market
7.5. Porter's Five Forces Analysis of U.S. & Canada Residential Lighting Fixtures Market
7.6. Market Dynamics
- 7.6.1. Drivers
- 7.6.2. Restraints
- 7.6.3. Opportunity Analysis

8. U.S. & Canada Residential Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Product Type

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2019-2023
8.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Product Type, 2024-2031
- 8.3.1. Chandeliers
- 8.3.2. Pendants
- 8.3.3. Flush Mount Ceiling Lights
- 8.3.4. Semi-Flush Mount Ceiling Lights
- 8.3.5. Others
8.4. Market Attractiveness Analysis By Product Type

9. U.S. & Canada Residential Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Usage

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Usage, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Usage, 2024-2031
- 9.3.1. Indoor
- 9.3.2. Outdoor
9.4. Market Attractiveness Analysis By Usage

10. U.S. & Canada Residential Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Material Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Material Type, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Material Type, 2024-2031
- 10.3.1. Aluminum
- 10.3.2. Plastic
- 10.3.3. Metal
- 10.3.4. Others
10.4. Market Attractiveness Analysis By Material Type

11. U.S. & Canada Residential Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Power Source

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Power Source, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Power Source, 2024-2031
- 11.3.1. Corded-electric
- 11.3.2. Hardwired
- 11.3.3. Battery-powered
11.4. Market Attractiveness Analysis By Power Source

12. U.S. & Canada Residential Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Sales Channel

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Sales Channel, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Sales Channel, 2024-2031
- 12.3.1. Wholesalers/Distributors
- 12.3.2. Direct Sales
- 12.3.3. Specialty Stores
- 12.3.4. Online Retailers
- 12.3.5. Other Sales Channel
12.4. Market Attractiveness Analysis By Sales Channel

13. U.S. & Canada Residential Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Country

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Country, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Country, 2024-2031
- 13.3.1. US
- 13.3.2. Canada
13.4. Market Attractiveness Analysis By Country

14. Market Structure Analysis

14.1. Market Analysis by Tier of Companies (Residential Lighting Fixtures)
14.2. Market Concentration
14.3. Market Share Analysis of Top Players
14.4. Market Presence Analysis
- 14.4.1. By Regional footprint of Players
- 14.4.2. Product foot print by Players
- 14.4.3. Channel Foot Print by Players

15. Competition Analysis

15.1. Competition Dashboard
15.2. Pricing Analysis by Competition
15.3. Competition Benchmarking
15.4. List of Key Market Participants
- 15.4.1. Kichler Lighting LLC
  - 15.4.1.1. Overview
  - 15.4.1.2. Product Portfolio
  - 15.4.1.3. Sales Footprint
  - 15.4.1.4. Strategy Overview
- 15.4.2. NBG Homes/Quoizel
  - 15.4.2.1. Overview
  - 15.4.2.2. Product Portfolio
  - 15.4.2.3. Sales Footprint
  - 15.4.2.4. Strategy Overview
- 15.4.3. Generation Lighting(Generation Brand)
  - 15.4.3.1. Overview
  - 15.4.3.2. Product Portfolio
  - 15.4.3.3. Sales Footprint
  - 15.4.3.4. Strategy Overview
- 15.4.4. Progress Lighting(Hubble)
  - 15.4.4.1. Overview
  - 15.4.4.2. Product Portfolio
  - 15.4.4.3. Sales Footprint
  - 15.4.4.4. Strategy Overview
- 15.4.5. HINKLEY, INC
  - 15.4.5.1. Overview
  - 15.4.5.2. Product Portfolio
  - 15.4.5.3. Sales Footprint
  - 15.4.5.4. Strategy Overview
- 15.4.6. Minka Lighting Inc.
  - 15.4.6.1. Overview
  - 15.4.6.2. Product Portfolio
  - 15.4.6.3. Sales Footprint
  - 15.4.6.4. Strategy Overview
- 15.4.7. Progressive Lighting, Inc.
  - 15.4.7.1. Overview
  - 15.4.7.2. Product Portfolio
  - 15.4.7.3. Sales Footprint
  - 15.4.7.4. Strategy Overview
- 15.4.8. Maxim Lighting
  - 15.4.8.1. Overview
  - 15.4.8.2. Product Portfolio
  - 15.4.8.3. Sales Footprint
  - 15.4.8.4. Strategy Overview
- 15.4.9. Artika
  - 15.4.9.1. Overview
  - 15.4.9.2. Product Portfolio
  - 15.4.9.3. Sales Footprint
  - 15.4.9.4. Strategy Overview
- 15.4.10. Globe Electric
  - 15.4.10.1. Overview
  - 15.4.10.2. Product Portfolio
  - 15.4.10.3. Sales Footprint
  - 15.4.10.4. Strategy Overview
- 15.4.11. Golden Lighting
  - 15.4.11.1. Overview
  - 15.4.11.2. Product Portfolio
  - 15.4.11.3. Sales Footprint
  - 15.4.11.4. Strategy Overview
- 15.4.12. Hudson Valley Lighting Group
  - 15.4.12.1. Overview
  - 15.4.12.2. Product Portfolio
  - 15.4.12.3. Sales Footprint
  - 15.4.12.4. Strategy Overview
- 15.4.13. Elite Lighting
  - 15.4.13.1. Overview
  - 15.4.13.2. Product Portfolio
  - 15.4.13.3. Sales Footprint
  - 15.4.13.4. Strategy Overview
- 15.4.14. Livex Lighting
  - 15.4.14.1. Overview
  - 15.4.14.2. Product Portfolio
  - 15.4.14.3. Sales Footprint
  - 15.4.14.4. Strategy Overview
- 15.4.15. Elegant Lighting
  - 15.4.15.1. Overview
  - 15.4.15.2. Product Portfolio
  - 15.4.15.3. Sales Footprint
  - 15.4.15.4. Strategy Overview
- 15.4.16. Signify Holding
  - 15.4.16.1. Overview
  - 15.4.16.2. Product Portfolio
  - 15.4.16.3. Sales Footprint
  - 15.4.16.4. Strategy Overview
- 15.4.17. Nora Lighting
  - 15.4.17.1. Overview
  - 15.4.17.2. Product Portfolio
  - 15.4.17.3. Sales Footprint
  - 15.4.17.4. Strategy Overview
- 15.4.18. RP Lighting + Fans
  - 15.4.18.1. Overview
  - 15.4.18.2. Product Portfolio
  - 15.4.18.3. Sales Footprint
  - 15.4.18.4. Strategy Overview
- 15.4.19. Acuity Brands Lighting, Inc.
  - 15.4.19.1. Overview
  - 15.4.19.2. Product Portfolio
  - 15.4.19.3. Sales Footprint
  - 15.4.19.4. Strategy Overview
- 15.4.20. Designers Fountain
  - 15.4.20.1. Overview
  - 15.4.20.2. Product Portfolio
  - 15.4.20.3. Sales Footprint
  - 15.4.20.4. Strategy Overview
- 15.4.21. Others (as per request)
  - 15.4.21.1. Overview
  - 15.4.21.2. Product Portfolio
  - 15.4.21.3. Sales Footprint
  - 15.4.21.4. Strategy Overview

16. Social Media Sentiment Analysis

16.1. Trending Brands
16.2. Trending #hashtags
16.3. Social Media Platform Mentions (% of total mentions)
16.4. Trending Subject Titles