The global decorative lighting market size is expected to reach USD 42.9 billion by 2025, expanding at a CAGR of 3.1% over the forecast period. Increasing deployment of decorative lighting in shopping malls, complexes, and retail shops have been playing a vital role in the market growth. The bright light adds a charm to place, along with giving it a warm and welcoming vibe. Additionally, the lighting helps in showcasing the products better and making it appear attractive. The trend has further extended its roots in decorating washrooms of malls, complexes, airports, and restaurants in order to offer a remarkable service to its customers.
The color of light plays a crucial role in the adoption of fixtures. Consumers have become aware about the effect of the color temperature. Three varieties including soft white, bright/cool white, and daylight are generally used. Soft white or warm white light bulbs are best suited for bedrooms and living rooms, as these offer traditional, warm, and cozy look. The bright or cool white light is suitable for kitchen and other similar workspaces including offices, as these offer a quick energetic ambience. The daylight is considered ideal for working, reading, or applying makeup as they enhance the color contrast.
Asia Pacific is expected to remain one of the lucrative markets over the next few years. Population growth and urbanization in developing economies such as China and India have paved a way for the lighting fixture firms to find new opportunities in the region. Additionally, rising spending on renovation as well as development of tourist destinations by the governments of China, India, Maldives, and Sri Lanka at the domestic level is expected to increase the establishment of new hotels as well as restaurants, where decorative lighting fixtures will expand the market reach.
Some of the key players operating in the decorative lighting market for decorative lighting are ACUITY BRANDS LIGHTING, INC.; Signify Holdings; NICHIA CORPORATION; Hubbell; Crest LED Lighting; GENERAL ELECTRIC COMPANY; OSRAM GmbH; Cree Lighting; Crest LED Lighting; and CRENSHAW LIGHTING. New product launches are expected to remain key strategies among the industry participants in order to expand their market size. Additionally, consumers are expected to consider energy efficient products with smart features as one of the key buying criteria over the next few years. For instance, in October 2018, Jaquar launched its copper chandelier with a silver plating. The three-tier chandelier is decorated with European crystals, along with LED E14. It offers smart and energy efficient lighting.
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The color of light plays a crucial role in the adoption of fixtures. Consumers have become aware about the effect of the color temperature. Three varieties including soft white, bright/cool white, and daylight are generally used. Soft white or warm white light bulbs are best suited for bedrooms and living rooms, as these offer traditional, warm, and cozy look. The bright or cool white light is suitable for kitchen and other similar workspaces including offices, as these offer a quick energetic ambience. The daylight is considered ideal for working, reading, or applying makeup as they enhance the color contrast.
Asia Pacific is expected to remain one of the lucrative markets over the next few years. Population growth and urbanization in developing economies such as China and India have paved a way for the lighting fixture firms to find new opportunities in the region. Additionally, rising spending on renovation as well as development of tourist destinations by the governments of China, India, Maldives, and Sri Lanka at the domestic level is expected to increase the establishment of new hotels as well as restaurants, where decorative lighting fixtures will expand the market reach.
Some of the key players operating in the decorative lighting market for decorative lighting are ACUITY BRANDS LIGHTING, INC.; Signify Holdings; NICHIA CORPORATION; Hubbell; Crest LED Lighting; GENERAL ELECTRIC COMPANY; OSRAM GmbH; Cree Lighting; Crest LED Lighting; and CRENSHAW LIGHTING. New product launches are expected to remain key strategies among the industry participants in order to expand their market size. Additionally, consumers are expected to consider energy efficient products with smart features as one of the key buying criteria over the next few years. For instance, in October 2018, Jaquar launched its copper chandelier with a silver plating. The three-tier chandelier is decorated with European crystals, along with LED E14. It offers smart and energy efficient lighting.
Decorative Lighting Market Report Highlights
- By product, sconce held the largest share of over 35.0% in 2018 due to availability of a variety of products in the market, and each of which plays an essential role in creating a unique ambience
- Flush mount products are expected to expand at the fastest CAGR of 3.8% from 2019 to 2025. The ceiling mounted product is increasingly adopted owing to its inclusion in interior decoration by most designers
- By light source, LED sourced products are expected to witness the fastest growth from 2019 to 2025. Fluorescent sourced products are expected to generate a revenue of USD 13.0 billion by 2025
- The commercial application segment accounted for more than 70.0% share of the global revenue in 2018.
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Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & 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. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Decorative Lighting Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Decorative Lighting Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Application Adoption
4.4. Observations & Recommendations
Chapter 5. Decorative Lighting Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Chandeliers
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Sconce
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Flush Mount
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.5. Pendants
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.6. Others
5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Decorative Lighting Market: Light Source Estimates & Trend Analysis
6.1. Light Source Analysis & Market Share, 2018 & 2025
6.2. LED
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.3. Fluorescent
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.4. Incandescent
6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.5. Others
6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Decorative Lighting Market: Application Estimates & Trend Analysis
7.1. Application Analysis & Market Share, 2018 & 2025
7.2. Commercial
7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3. Household
7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Decorative Lighting Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2018 & 2025
8.2. North America
8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.2.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.2.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.2.5. The U.S.
8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.2.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.2.5.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.2.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.3.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.3.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.3.5. The U.K.
8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.3.5.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.3.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.3.6. Germany
8.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.3.6.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.3.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.4.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.4.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.4.5.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.4.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.4.6. India
8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.4.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.4.6.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.4.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.5.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.5.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.5.5.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.5.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.6.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.6.5. South Africa
8.6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.6.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.6.5.3. Market estimates and forecast, by a light source, 2015 - 2025 (USD Million)
8.6.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2018
Chapter 10. Company Profiles
10.1. ACUITY BRANDS LIGHTING, INC.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Signify Holdings
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. NICHIA CORPORATION
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Hubbell
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. Crest LED Lighting
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. GENERAL ELECTRIC COMPANY
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. OSRAM GmbH
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Cree Lighting
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives
10.9. Crest LED Lighting
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Strategic Initiatives
10.10. CRENSHAW LIGHTING
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Strategic Initiatives
List of Tables
1. Decorative lighting - Key market driver analysis
2. Decorative lighting - Key market restraint analysis
3. Global chandeliers decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
4. Global sconce decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
5. Global flush mount lighting market estimates and forecast, 2015 - 2025 (USD Million)
6. Global pendant decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
7. Global other decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
8. Global LED sourced decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
9. Global fluorescent sourced decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
10. Global incandescent sourced decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
11. Global others sourced decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
12. Global commercial decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
13. Global household decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
14. North America decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
15. North America decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
16. North America decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
17. North America decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
18. U.S. decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
19. U.S. decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. U.S. decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
21. U.S. decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
22. Europe decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
23. Europe decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Europe decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
25. Europe decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
26. U.K. decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
27. U.K. decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
28. U.K. decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
29. U.K. decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
30. Germany decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
31. Germany decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. Germany decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
33. Germany decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
34. Asia Pacific decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
35. Asia Pacific decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Asia Pacific decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
37. Asia Pacific decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
38. China decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
39. China decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
40. China decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
41. China decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
42. India decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
43. India decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
44. India decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
45. India decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
46. Central & South America decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
47. Central & South America decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
48. Central & South America decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
49. Central & South America decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
50. Brazil decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
51. Brazil decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
52. Brazil decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
53. Brazil decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
54. The Middle East & Africa decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
55. The Middle East & Africa decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
56. The Middle East & Africa decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
57. The Middle East & Africa decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
58. South Africa decorative lighting market estimates and forecast, 2015 - 2025 (USD Million)
59. South Africa decorative lighting market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
60. South Africa decorative lighting market revenue estimates and forecast by a light source, 2015 - 2025 (USD Million)
61. South Africa decorative lighting market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
62. Vendor landscape
List of Figures
1. Decorative lighting market snapshot
2. Decorative lighting market segmentation & scope
3. Decorative lighting market penetration & growth prospect mapping
4. Decorative lighting value chain analysis
5. Decorative lighting market dynamics
6. Decorative lighting market Porter's analysis
7. Decorative lighting market: Product movement analysis
8. Decorative lighting market: Light Source movement analysis
9. Decorative lighting market: Application movement analysis
10. Decorative lighting market: Regional movement analysis
Companies Mentioned
- ACUITY BRANDS LIGHTING, INC.
- Signify Holdings
- NICHIA CORPORATION
- Hubbell
- Crest LED Lighting
- GENERAL ELECTRIC COMPANY
- OSRAM GmbH
- Cree Lighting
- Crest LED Lighting
- CRENSHAW LIGHTING
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | June 2022 |
| Forecast Period | 2019 - 2025 |
| Estimated Market Value ( USD | $ 35651.2 Million |
| Forecasted Market Value ( USD | $ 42900 Million |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
