Lighting & Bulb Manufacturing in the US
Over the five years to 2018, the industry has struggled with import penetration and increasing input costs, which has constrained growth. Additionally, the increasing substitution of LEDs for traditional lighting systems has dramatically reduced demand for industry products. As a result, US manufacturers have grappled with increased price competition and have been forced to lower prices. Consequently, industry revenue is expected to have decreased over the past five years. Meager industry growth is expected to occur over the five years to 2023, as contractors and homeowners alike are expected to increasingly opt for LED-lighting systems over industry products, significantly reducing downstream demand.
Operators in this industry manufacture a range of products, including electric light bulbs, tubes, parts and components. However, this industry excludes light-emitting diode (LED) and lighting fixture manufacturers; LED systems are included in the Semiconductor & Circuit Manufacturing industry (IBISWorld report 33441a).
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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