Decorative Lighting Market size to grow by USD 8.32 billion grow 2021 to 2026 | Evolving Lighting Product Design Concept Leading to Premiumization to Boost Market | 17000+ Technavio Reports

The potential growth difference for the decorative lighting market between 2021 and 2026 is USD 8.32 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

• Market Driver - The evolving lighting product design concept leading to premiumization is one of the key drivers supporting the decorative lighting market growth. Interior designers introduced innovative and attractive design concepts such as traditional, modern, contemporary, and transitional. Decorative lighting products such as luxury chandeliers designed by interior designers are available at premium prices. These chandeliers enjoy huge demand among the high-net-worth residential users. Several luxurious decorative lighting products are manufactured in Italy, the UK, Spain, Germany, and the US. Thus, the premiumization of decorative lighting products through distinctive design concepts has led to increased adoption by premium customers contributing to market growth, which is expected to continue during the forecast period.
• Market Challenges - The perceived value gap of customers is one of the factors hindering the decorative lighting market growth. For instance, the priority for customers is to purchase decent-quality decorative lighting products at affordable prices. However, their design may vary. This is due to the presence of many retailers offering multiple designs. The presence of many local retailers makes the market more fragmented, therefore making the penetration of international brands difficult. This creates a high-value gap while buying decorative lighting products, which are more design-driven. The prices of decorative lighting products vary according to distinctive designs. This creates a challenge for established brands and influences them to lower the prices of their products, thereby, hindering market growth. 

To learn about additional key drivers, trends, and challenges -  Read our FREE Sample Report right now!

Segmentation Analysis

The decorative lighting market report is segmented by Product (Ceiling, Wall-mounted, and Others), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, South America, and the Middle East and Africa). 

• 49% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the decorative lighting market in APAC. Market growth in this region will be faster than the growth of the market in other regions. Rising disposable income will facilitate the decorative lighting market growth in APAC over the forecast period.
• The decorative lighting market share growth by the ceiling segment is significant for revenue generation. For example, flush mount lights do not have any gap between them and the ceiling. Based on the gap between the lights and the ceiling, the difference between semi-flush and flush-mounted lights can be easily determined. Semi-flush mount lights are attached to the ceiling with supporting parts that create a gap. Kitchen island lights, pool table lights, buffet lamps, and outdoor ceiling lights are other types of ceiling lights. These lights are available in contemporary, transitional, and modern designs and patterns. These products contribute to the segment growth during the forecast period.

View our sample report for additional insights on the contribution of all the segments &regional opportunities in the report.

Some Companies Mentioned

The decorative lighting market is fragmented and the vendors are deploying growth strategies such as product quality, product innovation, product pricing, and product portfolio to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:       

• AB Fagerhult
• Acuity Brands Inc.
• Amerlux LLC
• Bridgelux Inc.
• Capital Lighting Fixture Co.
• Crenshaw Lighting
• Feit Electric Co. Inc.
• General Electric Co.
• Generation Lighting
• Honeywell International Inc.
• Hubbell Inc.
• Hudson Valley Lighting Inc.
• IDEAL INDUSTRIES Inc.
• The Jaquar Group
• Maxim Lighting International
• Nichia Corp.
• OSRAM GmbH
• Shimera Project Lighting Pvt. Ltd.
• Signify NV
• Voylite
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 19: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 25: Chart on Product - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 27: Chart on Comparison by Product
• Exhibit 28: Data Table on Comparison by Product

• 5.3 Ceiling - Market size and forecast 2021-2026
• Exhibit 29: Chart on Ceiling - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Ceiling - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Ceiling - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Ceiling - Year-over-year growth 2021-2026 (%)

• 5.4 Wall-mounted - Market size and forecast 2021-2026
• Exhibit 33: Chart on Wall-mounted - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Wall-mounted - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Wall-mounted - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Wall-mounted - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 37: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product
• Exhibit 41: Market opportunity by Product ($ million)

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 42: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 43: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 6.2 Comparison by Distribution Channel
• Exhibit 44: Chart on Comparison by Distribution Channel
• Exhibit 45: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2021-2026
• Exhibit 46: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 6.4 Online - Market size and forecast 2021-2026
• Exhibit 50: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 54: Market opportunity by Distribution Channel ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026
• Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 North America - Market size and forecast 2021-2026
• Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Japan - Market size and forecast 2021-2026
• Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.11 Germany - Market size and forecast 2021-2026
• Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.12 UK - Market size and forecast 2021-2026
• Exhibit 96: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography
• Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 106: Matrix on vendor position and classification

• 11.3 AB Fagerhult
• Exhibit 107: AB Fagerhult - Overview
• Exhibit 108: AB Fagerhult - Business segments
• Exhibit 109: AB Fagerhult - Key offerings
• Exhibit 110: AB Fagerhult - Segment focus

• 11.4 Acuity Brands Inc.
• Exhibit 111: Acuity Brands Inc. - Overview
• Exhibit 112: Acuity Brands Inc. - Business segments
• Exhibit 113: Acuity Brands Inc. - Key news
• Exhibit 114: Acuity Brands Inc. - Key offerings
• Exhibit 115: Acuity Brands Inc. - Segment focus

• 11.5 Bridgelux Inc.
• Exhibit 116: Bridgelux Inc. - Overview
• Exhibit 117: Bridgelux Inc. - Product / Service
• Exhibit 118: Bridgelux Inc. - Key offerings

• 11.6 General Electric Co.
• Exhibit 119: General Electric Co. - Overview
• Exhibit 120: General Electric Co. - Business segments
• Exhibit 121: General Electric Co. - Key news
• Exhibit 122: General Electric Co. - Key offerings
• Exhibit 123: General Electric Co. - Segment focus

• 11.7 Generation Lighting
• Exhibit 124: Generation Lighting - Overview
• Exhibit 125: Generation Lighting - Product / Service
• Exhibit 126: Generation Lighting - Key offerings

• 11.8 Honeywell International Inc.
• Exhibit 127: Honeywell International Inc. - Overview
• Exhibit 128: Honeywell International Inc. - Business segments
• Exhibit 129: Honeywell International Inc. - Key news
• Exhibit 130: Honeywell International Inc. - Key offerings
• Exhibit 131: Honeywell International Inc. - Segment focus

• 11.9 IDEAL INDUSTRIES Inc.
• Exhibit 132: IDEAL INDUSTRIES Inc. - Overview
• Exhibit 133: IDEAL INDUSTRIES Inc. - Product / Service
• Exhibit 134: IDEAL INDUSTRIES Inc. - Key offerings

• 11.10 Maxim Lighting International
• Exhibit 135: Maxim Lighting International - Overview
• Exhibit 136: Maxim Lighting International - Product / Service
• Exhibit 137: Maxim Lighting International - Key offerings

• 11.11 OSRAM GmbH
• Exhibit 138: OSRAM GmbH - Overview
• Exhibit 139: OSRAM GmbH - Business segments
• Exhibit 140: OSRAM GmbH - Key offerings
• Exhibit 141: OSRAM GmbH - Segment focus

• 11.12 Signify NV
• Exhibit 142: Signify NV - Overview
• Exhibit 143: Signify NV - Business segments
• Exhibit 144: Signify NV - Key news
• Exhibit 145: Signify NV - Key offerings
• Exhibit 146: Signify NV - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist
• Exhibit 147: Inclusions checklist
• Exhibit 148: Exclusions checklist

• 12.3 Currency conversion rates for US$
• Exhibit 149: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 150: Research methodology
• Exhibit 151: Validation techniques employed for market sizing
• Exhibit 152: Information sources

• 12.5 List of abbreviations
• Exhibit 153: List of abbreviations

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