Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: SkyQuest | PRODUCT CODE: 1610774

Cover Image

PUBLISHER: SkyQuest | PRODUCT CODE: 1610774

Decorative Lighting Market Size, Share, Growth Analysis, By Product (Chandeliers, Sconce), By Type, By Light Source, By Application, By Region - Industry Forecast 2024-2031

PUBLISHED:
PAGES: 222 Pages
DELIVERY TIME: 3-5 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 5300
PDF & Excel (Multiple User License)
USD 6200
PDF & Excel (Enterprise License)
USD 7100

Add to Cart

Global Decorative Lighting Market size was valued at USD 38.65 billion in 2019 and is poised to grow from USD 40 billion in 2023 to USD 54.52 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

As of October 2023, the growing awareness of lighting's impact on room ambiance is driving demand for decorative lighting solutions. The way a room is illuminated can alter its perceived dimensions, creating a more dynamic visual experience. Properly selected lighting fixtures not only enhance the aesthetic appeal of a space but also blend style with functionality, becoming essential elements in contemporary decor. When these fixtures are thoughtfully curated to harmonize with flooring, furniture, and wall colors, they contribute to a warm, inviting, and practical environment. This trend underscores the importance of integrating lighting design into overall interior styling, spotlighting the transformative power of illumination in modern home spaces.

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 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.

Global Decorative Lighting Market Segmental Analysis

Global Decorative Lighting Market is segmented by Product, Type, Light Source, Application and region. Based on Product, the market is segmented into Chandeliers, Sconce, Flush Mount, Pendant, Others. Based on Type, the market is segmented into Ceiling, Wall mounted, Others. Based on Light Source, the market is segmented into LED, Fluorescent, Incandescent, Others. Based on Application, the market is segmented into Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Decorative Lighting Market

The Global Decorative Lighting market is experiencing significant growth, driven by the powerful influence of social media influencers and home decor web series on consumer preferences. This trend has led to an increased demand for a diverse range of decorative lighting fixtures in various shapes, sizes, colors, and materials. While fiber fixtures dominate the market, other materials such as glass, ceramic, bamboo, carved wood, and fabric are also in high demand. The aesthetic appeal of living spaces is often seen as a reflection of the owner's taste and personality, emphasizing the importance of decorative lighting in establishing ambiance and style. Popular designers have recognized this shift, promoting the integration of decorative lighting into a variety of spaces including homes, retail outlets, malls, hotels, spas, and restaurants, making it an essential aspect of modern design.

Restraints in the Global Decorative Lighting Market

The Global Decorative Lighting market faces significant restraints primarily due to fierce competition among companies, leading many to compromise product quality by using substandard raw materials to reduce costs and remain competitive. This practice results in inferior decorative lighting options that dissuade consumers from purchasing these products, prompting them to revert to traditional lamps or candles instead. Furthermore, the decorative lighting market relies heavily on the construction and real estate sectors, both of which have been experiencing sluggish growth in recent years, exacerbated by the pandemic's impact. Consequently, the slowing growth in real estate is anticipated to further curtail demand, hindering market expansion.

Market Trends of the Global Decorative Lighting Market

The Global Decorative Lighting market is witnessing a significant trend towards energy-efficient solutions, driven primarily by the growing adoption of LEDs and fluorescent lighting. These options offer up to 90% reductions in energy consumption, lower maintenance costs, and extended lifespans, leading to decreased utility bills and long-term savings for businesses and consumers alike. As prices for these energy-efficient alternatives continue to decline, individual and corporate demand is surging, prompting a shift away from traditional incandescent lights. This paradigm shift not only emphasizes sustainability but also positions energy-efficient decorative lighting as a key driver for market growth in the upcoming years.

Product Code: SQSG25F2002

Table of Contents

Introduction

  • Objectives of the Study
  • Scope of the Report
  • Definitions

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Methods
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Global Market Outlook
  • Supply & Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Overview
  • Market Size
  • Market Dynamics
    • Driver & Opportunities
    • Restraints & Challenges
  • Porters Analysis & Impact
    • Competitive rivalry
    • Threat of substitute
    • Bargaining power of buyers
    • Threat of new entrants
    • Bargaining power of suppliers

Key Market Insights

  • Key Success Factors
  • Degree of Competition
  • Top Investment Pockets
  • Market Ecosystem
  • Market Attractiveness Index, 2023
  • PESTEL Analysis
  • Macro-Economic Indicators
  • Value Chain Analysis
  • Pricing Analysis
  • Technological Advancement
  • Regulatory Landscape
  • Case Studies
  • Customer & Buying Criteria Analysis

Global Decorative Lighting Market Size by Product & CAGR (2024-2031)

  • Market Overview
  • Chandeliers
  • Sconce
  • Flush Mount
  • Pendant
  • Others

Global Decorative Lighting Market Size by Type & CAGR (2024-2031)

  • Market Overview
  • Ceiling
  • Wall mounted
  • Others

Global Decorative Lighting Market Size by Light Source & CAGR (2024-2031)

  • Market Overview
  • LED
  • Fluorescent
  • Incandescent
  • Others

Global Decorative Lighting Market Size by Application & CAGR (2024-2031)

  • Market Overview
  • Residential
  • Commercial
  • Industrial

Global Decorative Lighting Market Size & CAGR (2024-2031)

  • North America, (Product, Type, Light Source, Application)
    • US
    • Canada
  • Europe, (Product, Type, Light Source, Application)
    • UK
    • Germany
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific, (Product, Type, Light Source, Application)
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, (Product, Type, Light Source, Application)
    • Brazil
    • Rest of Latin America
  • Middle East & Africa, (Product, Type, Light Source, Application)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Competitive Intelligence

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2023
  • Strategies Adopted by Key Market Players
  • Recent Developments in the Market
  • Company Market Share Analysis, 2023
  • Company Profiles of All Key Players
    • Company Details
    • Product Portfolio Analysis
    • Company's Segmental Share Analysis
    • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

  • Acuity Brands, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Maxim Lighting International
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Generation Lighting
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Savant Systems, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Lowe's Companies, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Bridgelux, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Crest LED Lighting Manufacturing
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Fagerhults Belysning AB
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Honeywell International Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hubbell Incorporated
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Ideal Industries, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Nichia Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • GE Lighting
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Juno Lighting, LLC
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Signify Holding B.V.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Amerlux LLC
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • OSRAM GmbH
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Littman Brands
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Tech Lighting
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Philips Lighting
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments

Conclusion & Recommendation

Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!