Over the previous five years to 2016, industry revenue has grown. Much of the growth was driven by rising residential and nonresidential construction activity as well as increased demand for energy-efficient light-emitting diode (LED) products. However, despite the industry's rising revenue, an increase in the trade-weighted index (TWI), which measures the relative strength of the US dollar against the currencies of major trading partners, hampered revenue growth. Over the next five years, the industry will continue to grow as the construction sector boosts demands for lighting, and new energy-efficient technology helps US manufacturers compete with low-cost imports. New technology and the growing construction market is expected to boost the industry in 2021.
This industry manufactures electric lighting fixtures, nonelectric lighting equipment, lighting fixture components and lampshades made of metal, paper or textiles. The industry excludes establishments that manufacture light bulbs and tubes, glass lighting fixtures, vehicular lighting equipment, current-carrying wiring devices and lampshades made of plastic.
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.