Lamp & Lighting Stores
The Lamp and Lighting Stores industry is composed of retail shops that specialize in the sale of lighting equipment and fixtures. The majority of industry products are purchased by homeowners looking to furnish their houses or to redecorate and remodel. Consequently, demand moves with the levels of residential construction and consumer spending. Even so, over the past five years, rising competition, particularly from e-tailers, has plagued industry operators, forcing many out of the industry despite rising residential construction activity and per capita disposable income levels. Thus, over the five years to 2018, revenue for the industry has declined. Moving forward, revenue is expected to continue falling, as intense online competition will further discourage the entry of new operators and spur incumbents to control costs better and to add value to their services.
Operators in this industry are specialized retailers of lamps and lighting fixtures, for indoor and outdoor use. This industry excludes non-specialty retailers of lamps and lights such as home department stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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