Lighting Fixtures Manufacturing in the US
Over the five years to 2018, industry revenue has grown steadily. Much of this growth has been driven by rising residential and nonresidential construction activity, as well as increased demand for energy-efficient light-emitting diode (LED) products. High import competition from overseas manufacturers has placed significant pressure on domestic manufacturers during the five-year period. To compete with low-cost imports, domestic manufacturers must decrease their prices. Nonetheless, the ability of major players within the industry to specialize in specific markets provides an opportunity for them to add high-value products. Over the next five years to 2023, 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.
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.