+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Work Light Market - Global Outlook and Forecast 2020-2025

  • ID: 5125682
  • Report
  • July 2020
  • Region: Global
  • 300 pages
  • Arizton
UP TO OFF
until Aug 15th 2021

FEATURED COMPANIES

  • 0energyLighting
  • Blizzard Lighting
  • Eaton Electrical Systems
  • Litetronics International
  • Osram
  • SGM Light
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Work Light Market Report

The global work light market by revenue is expected to grow at a CAGR of over 6% during the period 2019-2025.

The global work light market growth is driven by ongoing demand for replacement of conventional lighting systems in developed economies, along with the need to develop globally-built modern infrastructure. The market is witnessing a transition from old lighting technology to energy-efficient and integrated lighting infrastructure. Government agencies across the globe constantly strive to phase out the use of incandescent lights and halogen lamps, which are expected to drive the demand for energy-efficient and high-performance lighting systems. The availability of tax discounts and subsidies by regulatory bodies to promote the use of efficient lighting technology is another driver for the growth.

The global work light market has been vastly hit by the COVID-19 pandemic. It is widely affected as associated sectors such as infrastructure development, stage events, hospitality has been severely influenced due to the outbreak of the virus. As a short-term impact, China-dependent countries have started witnessing the rise in LED prices. In a major commercial region such as India, the price of LED bulbs and lights has witnessed a rise of 11% from March 2020 as manufacturers face a supply shortage of electronic components due to the coronavirus outbreak in China.

The following factors are likely to contribute to the growth of the work light market during the forecast period:
  • High Demand for Energy-efficient Lighting
  • Shift toward Smart Lighting and IoT
  • Opportunity for Incorporating Innovative Technology
The study considers the present scenario of the work light market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Work Light Market Segmentation

The global work light market research report includes a detailed segmentation by product, technology, end-users, and geography. The flashlight segment has been witnessing significant innovations. The market demand for flashlights across the globe has witnessed impressive growth in the last five years. However, the demand is likely to decline moderately due to the outbreak of the COVID-19 pandemic in 2020, which has immensely affected the supply chain of the market. As the utility of flashlights is significant in hunting such as locating hunting posts, reading maps in dark, tracking animal paths, and handling weapons safely, the growth in hunting activities is likely to push the demand for portable lights.

The conventional lights market continues to grow as these lights are economical and cost-effective. The segment is witnessing the demand as LED lights are associated with high costs. However, the cost analysis suggests the incremental cost of LED will continue to decline during the forecast period. Factors such as energy and construction laws, service rebates, and consumer demand for goods that can offer low energy and maintenance costs often drive the segment. However, the rare earth crisis has forced producers to move some of their emphasis from value-added to cost-effective solutions.

The concept of the smart factory has been implementing in the developed regions such as the US and European regions. With lighting being one of the key components of the manufacturing industry, commercial lightings have moved from conventional lighting solutions to smart lighting solutions. Vendors have been focusing on the industrial IoT revolution through its cloud-based IIoT platforms. Thus, they have combined intelligent lighting, smart sensors, and software to develop new efficiencies and real-world ROI for industrial environments worldwide. The increased focus to decrease carbon emissions is diversifying energy dependency and decreasing the cost. This transaction is likely fueling the demand for innovative work light products. Vendors catering to the global work light market can consider building a strategic network channel along attractive and revenue efficient packages to meet new lighting demands.

Hospitality is one of the key end-user segments, which is a prominent user of work lights for decoration and soothing effects. It plays a vital role in the attraction and retention of the customer base. Hospitality, a major contributor to the tertiary sector in India, is currently emerging as a thriving industry as the country has become a preferred destination for numerous local and foreign tourists. The increase in tourism has also boosted opportunities for the lighting industry as the market for modern and creative lighting fixtures and lamps have tripled.

Segmentation by Product
  • Flashlight
  • Spotlight
  • Festoon Lights
  • Floodlights
  • Others
Segmentation by Technology
  • Conventional
  • LED
Segmentation by End-users
  • Industry
  • Hospitality
  • Offices
  • Sports
  • Others
INSIGHTS BY GEOGRAPHY

The APAC region is expected to reach a revenue of over $22 billion by 2025. Being the most diverse area in the world, the region has high prospects for work light market participants. A booming real estate sector, favorable policy policies, and expanded support for high-efficiency lighting, together with the ongoing replacement of established outdoor lighting, are projected to push the demand dynamically. The Asia Pacific region would continue to become a major consumer of lighting products, and it is expected to become a major supplier of LED chips and packages, complemented by increasing demand for products and components. China held the largest share in the APAC lighting market in 2019. This is due to the increasing need for energy efficiency and environmentally sustainable lighting goods in the field of operation, such as highways, railways and houses.

Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • APAC
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
INSIGHTS BY VENDORS

The global work light market share is fragmented due to the presence of local and global players. Philips Lighting, Osram, and HARMAN International (Samsung) are the key leading vendors. The market is highly concentrated in developed countries, such as the US and other Western European countries, while it is in its nascent stage in developing economies such as China and India. As global players increase their footprint, regional vendors will find it increasingly difficult to compete with them, especially in terms of technology and customer base. Key players compete in terms of products, technology, and reach. Therefore, vendors must expand their geographical presence, while reviving domestic demand to achieve sustained growth.

Prominent Vendors
  • HARMAN International (Samsung)
  • Business Overview
  • Major Product Offerings
  • Key Strengths
  • Key Strategies
  • Key Opportunities
  • Osram
  • Philips (Signify)
Other Prominent Vendors
  • Absen America
  • Business Overview
  • Key Strengths
  • Key Strategies
  • Altman Lighting
  • Antari
  • Apollo Design Technology
  • Ayrton
  • Blizzard Lighting
  • Chauvet Professional
  • Chroma-Q
  • City Theatrical
  • Core Lighting
  • Dexel
  • Eaton Electrical Systems
  • Elektralite
  • Elation Lighting Inc.
  • ENTTEC
  • Epsilon Professional Lighting
  • Electronic Theatre Controls (ETC)
  • German Light Products (GLP)
  • Goldensea Professional Equipment (Guangzhou Haoyang Electronics)
  • Kumho Electric
  • Leprecon
  • Litetronics International
  • Lycian Stage Lighting
  • MA Lighting Technology
  • Mighty Bright
  • MLS
  • Nicolaudie Architectural
  • 0energyLighting
  • Pathway Connectivity
  • PROEL
  • Red Lighting
  • Rosco
  • SGM Light
  • Studio Due
  • Techni-lux
  • Teclumen
  • Ultra-Tech Lighting
  • Ushio Lighting
  • Zumtobel Group
KEY QUESTIONS ANSWERED:

1. What is the global work light market share and growth rate during 2020-2025?
2. What are the technological advances factors impacting the growth of the North America work light market?
3. Which product/technology/end-user/geography is gaining the largest revenues in the market by 2025?
4. Who are the leading vendors in the work light market and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the work light market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 0energyLighting
  • Blizzard Lighting
  • Eaton Electrical Systems
  • Litetronics International
  • Osram
  • SGM Light
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Historic Overview f Lighting
7.2 Overview

8 Impact Of Covid-19
8.1 Overview
8.1 Covid-19 Impact On Global Trade

9 Market Opportunities & Trends
9.1 Rising Demand For Energy-Efficient Lighting
9.2 Shifting Focus To Smart Lighting & Iot
9.3 Opportunity For Incorporating Innovative Technology

10 Market Growth Enablers
10.1 Transformation In Energy Policies Globally
10.2 Increasing Infrastructural Developments
10.3 Enhanced User Experience Due To Lighting

11 Market Restraints
11.1 High Initial Investment
11.2 Covid-19 Pandemic Hit Affecting Market Growth
11.3 Political Turmoil: Restraint For Innovative Market

12 Value Chain Analysis
12.1 Value Chain Overview

13 Market Landscape
13.1 Market Overview
13.2 Market Size & Forecast
13.3 Regulatory Framework Structure
13.4 Focus On Sustainable Work Light Market
13.5 Market By Geography
13.6 Market By Product
13.7 Market By End-User
13.8 Market By Technology
13.9 Five Forces Analysis

14 Product
14.1 Market Snapshot & Growth Engine − Revenue
14.2 Market Overview
14.3 Flashlights
14.4 Spotlights
14.5 Festoon Lights
14.6 Floodlights
14.7 Others

15 Technology
15.1 Market Snapshot & Growth Engine − Revenue
15.2 Market Overview
15.3 Conventional
15.4 Led

16 End-user
16.1 Market Snapshot & Growth Engine − Revenue
16.2 Market Overview
16.3 Industry
16.4 Hospitality
16.5 Sports
16.6 Office
16.7 Others

17 Distribution Channel
17.1 Market Overview

18 Geography
18.1 Market Snapshot & Growth Engine − Revenue
18.2 Geographic Overview

19 APAC
19.1 Market Overview
19.2 Pest Analysis
19.3 Market Size & Forecast
19.4 Market By Product
19.5 Market By Technology
19.6 Market By End-User
19.7 Key Countries
Revenue

20 North America
20.1 Market Overview
20.2 Pest Analysis
20.3 Market Size & Forecast
20.4 Market By Product
20.5 Market By Technology
20.6 Market By End User
20.7 Key Countries
Revenue

21 Europe
21.1 Market Overview
21.2 Pest Analysis
21.3 Market Size & Forecast
21.4 Market By Product
21.5 Market By Technology
21.6 Market By End-User
21.7 Key Countries
Revenue

22 Middle East & Africa
22.1 Market Overview
22.2 Pest Analysis
22.3 Market Size & Forecast
22.4 Market By Product
22.5 Market By Technology
22.6 Market By End User
22.7 Key Countries
Revenue

23 Latin America
23.1 Market Overview
23.2 Pest Analysis
23.3 Market Size & Forecast
23.4 Market By Product
23.5 Market By Technology
23.6 Market By End-User
23.7 Key Countries
Revenue

24 Competitive Landscape
24.1 Competition Overview

25 Key Company Profiles
25.1 Harman International (Samsung)
25.2 Osram
25.3 Philips (Signify)

26 Other Prominent Vendors
26.1 Absen America
26.2 Altman Lighting
26.3 Antari
26.4 Apollo Design Technology
26.5 Ayrton
26.6 Blizzard Lighting
26.7 Chauvet Professional
26.8 Chroma-Q
26.9 City Theatrical
26.10 Core Lighting
26.11 Dexel
26.12 Eaton Electric Systems
26.13 Elektralite
26.14 Elation Professional
26.15 Enttec
26.16 Epsilon Pro Lighting
26.17 Electronic Theatre Controls (Etc)
26.18 German Light Products
26.19 Goldensea Professional Equipment
26.20 Kumho Electric
26.21 Leprecon
26.22 Litetronics International
26.23 Lycian Stage Lighting
26.24 Ma Lighting Technology
26.25 Mighty Bright
26.26 MLS
26.27 Nicolaudie Architectural
26.28 0energylighting
26.29 Pathway Connectivity
26.30 Proel
26.31 Red Lighting
26.32 Rosco
26.33 SGM
26.34 Studio Due
26.35 Techni-Lux
26.36 Teclumen
26.37 Ultra-Tech Lighting
26.38 Ushio Lighting
26.39 Zumtobel Group

27 Report Summary
27.1 Key Takeaways
27.2 Strategic Recommendations

28 Quantitative Summary
28.1 Market by Geography
28.2 Europe
28.3 North America
28.4 APAC
28.5 Middle East & Africa
28.6 Latin America
28.7 Product
28.8 End user
28.9 Technology

29 Appendix
29.1 Abbreviations
Note: Product cover images may vary from those shown
  • HARMAN International (Samsung)
  • Osram
  • Philips (Signify)
  • Absen America
  • Altman Lighting
  • Antari
  • Apollo Design Technology
  • Ayrton
  • Blizzard Lighting
  • Chauvet Professional
  • Chroma-Q
  • City Theatrical
  • Core Lighting
  • Dexel
  • Eaton Electrical Systems
  • Elektralite
  • Elation Lighting Inc.
  • ENTTEC
  • Epsilon Professional Lighting
  • Electronic Theatre Controls (ETC)
  • German Light Products (GLP)
  • Goldensea Professional Equipment (Guangzhou Haoyang Electronics)
  • Kumho Electric
  • Leprecon
  • Litetronics International
  • Lycian Stage Lighting
  • MA Lighting Technology
  • Mighty Bright
  • MLS
  • Nicolaudie Architectural
  • 0energyLighting
  • Pathway Connectivity
  • PROEL
  • Red Lighting
  • Rosco
  • SGM Light
  • Studio Due
  • Techni-lux
  • Teclumen
  • Ultra-Tech Lighting
  • Ushio Lighting
  • Zumtobel Group
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

Loading
LOADING...

Adroll
adroll