Things have not been so bright for the Lighting and Bulb Manufacturing industry. In 2017, the industry is expected to generate one-fifth of the revenue that it did before new regulation forced operators to begin discontinuing industry products in 2007. Over the current five-year period, the industry has experienced high revenue volatility. In 2015, the government banned the 40- and 60-watt incandescent bulbs. With retailers allowed to sell their existing inventories, consumers responded to the ban by opting to stockpile large qualities of the bulbs already on the market. Over the five years to 2022, the industry is anticipated to contract. Contractors and homeowners alike are expected to increasingly opt for LED lighting systems over industry products, significantly reducing downstream demand for industry products, such as halogen and fluorescent bulbs.
This industry manufactures a range of electric light bulbs, tubes, parts and components. Light-emitting diode (LED) and lighting fixtures manufacturers are excluded from this industry; LED systems are included in Semiconductor and Other Electronic Component Manufacturing (IBISWorld report 33441CA).
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.