Market Overview:
The global decorative lighting market reached a value of US$ 38.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 48.4 Billion by 2027 exhibiting a CAGR of 3.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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, along with forecasts at the global, regional and country level from 2022-2027. 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:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by End User:
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, Light Source, Distribution Channel, End User, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Acuity Brands Inc., Bridgelux Inc., Crest LED Lighting, FagerhultsBelysning AB, General Electric Company, Honeywell International Inc., Hubbell Incorporated, Ideal Industries Inc., Maxim Lighting, Nichia Corporation, Osram Licht AG (ams AG) and Signify Holding. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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?
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
10.2 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
10.3 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
10.4 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
10.5 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
List of Figures
Figure 1: Global: Decorative Lighting Market: Major Drivers and Challenges
Figure 2: Global: Decorative Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Decorative Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Decorative Lighting Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Decorative Lighting Market: Breakup by Light Source (in %), 2021
Figure 6: Global: Decorative Lighting Market: Breakup by End Use (in %), 2021
Figure 7: Global: Decorative Lighting Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Decorative Lighting Market: Breakup by Region (in %), 2021
Figure 9: Global: Decorative Lighting (Chandelier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Decorative Lighting (Chandelier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Decorative Lighting (Pendant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Decorative Lighting (Pendant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Decorative Lighting (Sconce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Decorative Lighting (Sconce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Decorative Lighting (Flush Mount) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Decorative Lighting (Flush Mount) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Decorative Lighting (Ceiling Mount) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Decorative Lighting (Ceiling Mount) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Decorative Lighting (Wall Mount) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Decorative Lighting (Wall Mount) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Decorative Lighting (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Decorative Lighting (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Decorative Lighting (LED) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Decorative Lighting (LED) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Decorative Lighting (Fluorescent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Decorative Lighting (Fluorescent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Decorative Lighting (Incandescent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Decorative Lighting (Incandescent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Decorative Lighting (Other Light Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Decorative Lighting (Other Light Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Decorative Lighting (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Decorative Lighting (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Decorative Lighting (Household) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Decorative Lighting (Household) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Decorative Lighting (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Decorative Lighting (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Decorative Lighting (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Decorative Lighting (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Decorative Lighting (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Decorative Lighting (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Decorative Lighting (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Decorative Lighting (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Decorative Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Decorative Lighting Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Decorative Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Decorative Lighting Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Decorative Lighting Market Forecast: Breakup by Light Source (in Million US$), 2022-2027
Table 4: Global: Decorative Lighting Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Decorative Lighting Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Decorative Lighting Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Decorative Lighting Market: Competitive Structure
Table 8: Global: Decorative Lighting Market: Key Players