Lighting & Bulb Manufacturing in the US
Over the five years to 2019, 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 during the current period. The penetration of inexpensive imports, largely from Chinese manufacturers, has threatened industry revenue over the past five years. With lower wages and overhead costs, Chinese manufacturers have been able to produce industry goods at lower prices than domestic companies. This industry is expected to continue declining over the five years to 2024 as contractors and homeowners increasingly favor LED-lighting systems over industry products. The rising demand for eco-friendly lighting solutions has resulted in declining levels of downstream demand for industry manufacturers. However, import competition is expected to slowly decline as the US dollar decreases in value.
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 and 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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