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Lamps Market Size, Share & Trends Analysis Report By Product (Desk Lamp, Floor Lamp), By Type (Reading Lamp, Decorative Lamp), By Application (Residential/Retail, Commercial/Hospitality), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 80 Pages
  • July 2023
  • Region: Global
  • Grand View Research
  • ID: 5853857
The global lamps market size was estimated to reach USD 19.69 billion in 2030, growing at a CAGR of 4.8% from 2023 to 2030. There has been a notable increase in the demand for floor lamps and desk lamps due to the rising emphasis on interior aesthetics and the desire to create visually captivating spaces. These lighting fixtures fulfill a dual role by offering functional illumination while also elevating the overall ambiance of homes and businesses. Customers are now actively seeking lighting options that not only provide sufficient light but also contribute to the stylish and sophisticated atmosphere of their indoor settings.

The desk lamp segment dominated the market by holding a major share in 2022. Over the past few years, there has been a noticeable evolution in desk lamps, driven by changing consumer demands and preferences. A significant trend that has emerged is the growing favor for LED desk lamps. LED technology has gained popularity due to its energy efficiency, extended lifespan, and versatility in lighting options, making it a sought-after choice for residential and commercial spaces alike. These lamps frequently incorporate adjustable brightness levels, color temperatures, and flexible designs to ensure optimal lighting conditions for different tasks.

The commercial/hospitality segment held the largest market size in 2022. The commercial lamp category is heavily influenced by the emphasis on visual appeal and the seamless integration of lamps into the architectural design of commercial spaces. Businesses and organizations are actively seeking lamps that not only offer functional lighting but also enhance the overall aesthetic appeal of their premises. Architectural lighting designs, including recessed or track lamp lighting, are particularly favored as they create visually striking and impactful lighting installations. Furthermore, the integration of commercial lamps into smart building systems is a key growth driver, as it allows for advanced control and automation of lighting, aligning with the trend of smart and connected buildings.

Europe accounted for a significant share of the market in 2022. In Europe, there is a noticeable inclination toward sustainable lighting solutions, propelled by mounting environmental concerns and heightened awareness of energy consumption. LED lamps, recognized for their energy efficiency, extended lifespan, and recyclability, are widely regarded as a more sustainable choice. Both consumers and businesses are actively pursuing lamps that align with their sustainability objectives, thereby stimulating market expansion.

Major market players include Signify (Philips Lighting); OSRAM GmbH; Herman Miller Inc.; Inter IKEA B.V.; Artemide S.p.A.; Pablo Design; Lutron Electronics; Koncept Inc.; OttLite Technologies; and Flos S.p.A. Various steps are adopted by these companies including partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.

Lamps Market Report Highlights

  • North America is expected to grow at a considerable CAGR over the forecast period. In North America, the demand for energy-efficient lighting products has been propelled by technological advancements and a growing emphasis on environmental preservation
  • The floor lamp segment is estimated to grow at the highest CAGR over the forecast period. The popularity of floor lamps is on the rise due to their sleek, clean lines and simple silhouettes that effortlessly blend with contemporary interiors. The segment is experiencing significant growth, driven by the increasing preference for minimalist and modern floor lamp designs
  • The decorative segment is anticipated to grow at the fastest CAGR over the forecast period. The segment has witnessed notable growth as it adapts to the evolving tastes and design preferences of consumers, resulting in various trends emerging in recent times
  • The commercial segment is expected to grow at the highest CAGR during the forecast period. The growth is driven by the integration of commercial lamps into smart building systems


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. The Internal Database
1.3.3. Secondary Products & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Type Outlook
2.4. Application Outlook
2.5. Regional Outlook
Chapter 3. Lamps Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings
Chapter 5. Lamps Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Desk Lamp
5.2.1. Desk lamp market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. Floor Lamp
5.3.1. Floor lamp market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Lamps Market: Type Estimates & Trend Analysis
6.1. Type Movement Analysis & Market Share, 2022 & 2030
6.2. Reading Lamp
6.2.1. Reading lamp market estimates and forecast, 2017 - 2030 (USD Billion)
6.3. Decorative Lamp
6.3.1. Decorative lamp market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 7. Lamps Market: Application Range Estimates & Trend Analysis
7.1. Application Movement Analysis & Market Share, 2022 & 2030
7.2. Residential/Retail
7.2.1. Lamps market estimates and forecast for residential/retail application, 2017 - 2030 (USD Billion)
7.3. Commercial/Hospitality
7.3.1. Lamps market estimates and forecast for commercial/hospitality application, 2017 - 2030 (USD Billion)
Chapter 8. Lamps Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2022 & 2030
8.2. North America
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.2.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.5.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.2.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.2.6. Canada
8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.6.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.2.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.2.7. Mexico
8.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.7.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.2.7.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.3. Europe
8.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.1.1. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.1.2. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.3.1.3. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.3.2. UK
8.3.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.2.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.3.2.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.3.3. Germany
8.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.3.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.3.3.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.3.4. France
8.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.4.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.3.4.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.3.5. Italy
8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.5.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.3.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.3.6. Spain
8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.6.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.3.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.4.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.5.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.4.6. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.4.7. Japan
8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.7.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.4.8. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.4.9. India
8.4.9.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.9.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.9.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.4.10. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.4.11. South Korea
8.4.11.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.11.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.11.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.4.11.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.4.12. Australia & New Zealand
8.4.12.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.12.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.12.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.4.12.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.5.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.5.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.5.5.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.5.5.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.6.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
8.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.6.6. South Africa
8.6.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.6.6.3. Market estimates and forecast, by Type, 2017 - 2030 (USD Billion)
8.6.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Analysis
9.1. Recent developments & impact analysis, by key market participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Share Analysis, 2022 (%)
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.9. List of key companies analyzed in this section include:
9.9.1. Signify (Philips Lighting)
9.9.2. OSRAM GmbH
9.9.3. Herman Miller Inc.
9.9.4. Inter IKEA B.V.
9.9.5. Artemide S.p.A.
9.9.6. Pablo Design
9.9.7. Lutron Electronics
9.9.8. Koncept Inc.
9.9.9. OttLite Technologies
9.9.10. Flos S.p.A.
List of Tables
1. Lamps Market- Key Market Driver Analysis
2. Lamps Market- Key Market Restraint Analysis
3. Global lamps market estimates and forecast, by product, 2017 - 2030 (USD Billion)
4. Global desk lamp market estimates and forecast, 2017 - 2030 (USD Billion)
5. Global floor lamp market estimates and forecast, 2017 - 2030 (USD Billion)
6. Global lamps market estimates and forecast, by type, 2017 - 2030 (USD Billion)
7. Global reading lamp market estimates and forecast, 2017 - 2030 (USD Billion)
8. Global decorative lamp market estimates and forecast, 2017 - 2030 (USD Billion)
9. Global lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
10. Global lamps market estimates and forecast for residential/retail application, 2017 - 2030 (USD Billion)
11. Global lamps market estimates and forecast for commercial/hospitality application, 2017 - 2030 (USD Billion)
12. Global lamps market estimates and forecast, by region 2017 - 2030 (USD Billion)
13. North America lamps market estimates and forecast, 2017 - 2030 (USD Billion)
14. North America lamps market estimates and forecast, by product, 2017 - 2030 (USD Billion)
15. North America lamps market estimates and forecast, by type, 2017 - 2030 (USD Billion)
16. North America lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
17. U.S. lamps market estimates and forecast, 2017 - 2030 (USD Billion)
18. U.S. lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
19. U.S. lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
20. U.S. lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
21. Canada lamps market estimates and forecast, 2017 - 2030 (USD Billion)
22. Canada lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
23. Canada lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
24. Canada lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
25. Mexico lamps market estimates and forecast, 2017 - 2030 (USD Billion)
26. Mexico lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
27. Mexico lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
28. Mexico lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
29. Europe lamps market estimates and forecast, 2017 - 2030 (USD Billion)
30. Europe lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
31. Europe lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
32. Europe lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
33. UK lamps market estimates and forecast, 2017 - 2030 (USD Billion)
34. UK lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
35. UK lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
36. UK lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
37. Germany lamps market estimates and forecast, 2017 - 2030 (USD Billion)
38. Germany lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
39. Germany lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
40. Germany lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
41. France lamps market estimates and forecast, 2017 - 2030 (USD Billion)
42. France lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
43. France lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
44. France lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
45. Italy lamps market estimates and forecast, 2017 - 2030 (USD Billion)
46. Italy lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
47. Italy lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
48. Italy lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
49. Spain lamps market estimates and forecast, 2017 - 2030 (USD Billion)
50. Spain lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
51. Spain lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
52. Spain lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
53. Asia Pacific lamps market estimates and forecast, 2017 - 2030 (USD Billion)
54. Asia Pacific lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
55. Asia Pacific lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
56. Asia Pacific lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
57. China lamps market estimates and forecast, 2017 - 2030 (USD Billion)
58. China lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
59. China lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
60. China lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
61. Japan lamps market estimates and forecast, 2017 - 2030 (USD Billion)
62. Japan lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
63. Japan lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
64. Japan lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
65. India lamps market estimates and forecast, 2017 - 2030 (USD Billion)
66. India lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
67. India lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
68. India lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
69. South Korea lamps market estimates and forecast, 2017 - 2030 (USD Billion)
70. South Korea lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
71. South Korea lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
72. South Korea lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
73. Australia & New Zealand lamps market estimates and forecast, 2017 - 2030 (USD Billion)
74. Australia & New Zealand lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
75. Australia & New Zealand lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
76. Australia & New Zealand lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
77. Central & South America lamps market estimates and forecast, 2017 - 2030 (USD Billion)
78. Central & South America lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
79. Central & South America lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
80. Central & South America lamps market estimates and forecast by application, 2017 - 2030 (USD Billion)
81. Brazil lamps market estimates and forecast, 2017 - 2030 (USD Billion)
82. Brazil lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
83. Brazil lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
84. Brazil lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
85. Middle East & Africa lamps market estimates and forecast, 2017 - 2030 (USD Billion)
86. Middle East & Africa lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
87. Middle East & Africa lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
88. Middle East & Africa lamps market estimates and forecast by application, 2017 - 2030 (USD Billion)
89. South Africa lamps market estimates and forecast, 2017 - 2030 (USD Billion)
90. South Africa lamps market estimates and forecast by product, 2017 - 2030 (USD Billion)
91. South Africa lamps market estimates and forecast by type, 2017 - 2030 (USD Billion)
92. South Africa lamps market estimates and forecast, by application, 2017 - 2030 (USD Billion)
93. Key Company Categorization
94. Company Market Share Analysis, 2022 (Value % Share)
95. Strategic Framework
List of Figures
1. Lamps Market Snapshot
2. Lamps Market Segmentation & Scope
3. Lamps Market Penetration & Growth Prospect Mapping
4. Lamps Market Value Chain Analysis
5. Lamps Market Dynamics
6. Lamps Market Porter's Analysis
7. Lamps Market: Product Movement Analysis
8. Lamps Market: Type Movement Analysis
9. Lamps Market: Application Movement Analysis
10. Lamps Market: Regional Movement Analysis

Companies Mentioned

  • Signify (Philips Lighting)
  • OSRAM GmbH
  • Herman Miller Inc.
  • Inter IKEA B.V.
  • Artemide S.p.A.
  • Pablo Design
  • Lutron Electronics
  • Koncept Inc.
  • OttLite Technologies
  • Flos S.p.A.

Methodology

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Table Information