Global Decorative Lighting Market Size, Share, Growth Analysis, By Product(Ch, eliers), By Light Source(LED, Fluorescent), By Application(Commercial, Household)

Description

Decorative Lighting Market size was valued at USD 38.65 billion in 2021 and is poised to grow from USD 40 billion in 2022 to USD 54.52 billion by 2030, growing at a CAGR of 3.5% in the forecast period (2023-2030).

The decorative lighting market refers to the industry that manufactures and sells various types of lighting products specifically designed for decorative purposes. These lighting products are used to enhance the aesthetics and ambiance of both residential and commercial spaces. Decorative lighting includes a wide range of products such as chandeliers, pendant lights, wall sconces, table lamps, and string lights, among others. These products come in various designs, shapes, sizes, and materials to cater to different customer preferences and interior styles.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Decorative Lighting Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The Global Decorative Lighting Market is segmented on the basis of Product, Light Source, Application and Region. Based on Product, the market is segmented into Chandeliers, Sconce, Flush Mount, Pendant and Others. Based on Light Source, the market is segmented into LED, Fluorescent, Incandescent and Others. Based on Application, the market is segmented into Commercial and Household. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The increasing focus on interior decor and creating visually appealing spaces has fueled the demand for decorative lighting. Consumers are willing to invest in unique and stylish lighting fixtures to enhance the overall look of their homes or commercial establishments Technological advancements in lighting, such as the development of energy-efficient LED lights, have expanded the possibilities for decorative lighting. LED lights offer a wide range of colors, sizes, and shapes, enabling manufacturers to create innovative and customizable lighting products.

Restraint

The presence of counterfeit or low-quality decorative lighting products in the market poses a challenge to genuine manufacturers. Counterfeit products often have inferior quality, lower durability, and may not meet safety standards, which can negatively impact consumer trust and hinder market growth.

Market Trends

There is a growing trend towards eco-friendly lighting solutions in the decorative lighting market. Consumers are increasingly seeking lighting products that are energy-efficient, use recyclable materials, and have a minimal environmental impact. The integration of smart technology into lighting systems has gained popularity. Smart lighting allows users to control and customize their lighting settings remotely through smartphone apps or voice assistants. This trend is expected to continue as more consumers embrace home automation and connectivity.

Product Code: SQSG25F2002

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Decorative Lighting Market by Product
Market Overview
Ch
eliers
Sconce
Flush Mount
Pendant
Others
Global Decorative Lighting Market by Light Source
Market Overview
LED
Fluorescent
Inc
escent
Others

Global Decorative Lighting Market by Application

Market Overview
Commercial
Household
Global Decorative Lighting Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
Acuity Brands,
Company Overview
Business Segment Overview
Financial Updates
Key Developments
General Electric Co.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
OSRAM Light AG
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Signify Holding (formerly Philips Lighting)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Cree, Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hubbell Incorporated
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zumtobel Group AG
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lutron Electronics Co., Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fagerhult Group
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Eaton Corporation
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Crompton Greaves Consumer Electricals Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zumtobel Group AG
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Wipro Lighting
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Koninklijke Ten Cate nv
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Feilo Sylvania (Shanghai) Lighting Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Eglo Leuchten GmbH
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zumtobel Group AG
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hinkley Lighting, Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bruck Lighting Systems, Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kichler Lighting LLC
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Decorative Lighting Market Size, Share, Growth Analysis, By Product(Ch, eliers), By Light Source(LED, Fluorescent), By Application(Commercial, Household) - Industry Forecast 2023-2030

Description

Table of Contents

Table of Contents

Executive Summary

Parent Market Analysis

Global Decorative Lighting Market by Application