Lighting & Bulb Manufacturing in the US
Over the five years to 2018, the industry has struggled with import penetration and increasing input costs. Additionally, the increasing substitution of LEDs for traditional lighting systems has dramatically reduced demand for industry products. As a result, industry revenue is expected to decrease. The industry is forecast to continue declining over the five years to 2023 as contractors and homeowners increasingly favor LED-lighting systems over industry products, significantly reducing industry demand. However, import competition is expected to slowly decline as the US dollar decreases in value. Consequently, industry revenue is expected to decrease at a slowed annualized rate over the five years to 2023.
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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