Market Research Logo

Global Decorative Lighting Market 2017-2021

Global Decorative Lighting Market 2017-2021

About Decorative Lighting

The demand for energy-efficient and reliable LED technology is a growth driver for the manufacturers who are now concentrating more on manufacturing LED decorative lighting products. Various LED decorative lighting products like LED lamps, LED pendant lights, and LED wall lights(sconces) are available in the market. Buyers are at present increasingly opting for premium decorative lights. The use of decorative lights in commercial areas is increasing because they help to create an attractive ambiance. These lights have also become necessary for the hospitality sector and retail outlets. This creates the demand for decorative lighting products in the market.

Technavio’s analysts forecast the global decorative lighting market to grow at a CAGR of 6.30% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global Decorative Lighting market for 2017-2021. To calculate the market size, the report considers the value sales of decorative lighting products.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Decorative Lighting Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Acuity Brands Lighting
  • General Electric
  • Generation Brands
  • Koninklijke Philips
  • Maxim Lighting
Other prominent vendors
  • ACCESS LIGHTING
  • Diamond Life Group
  • EGLO Leuchten
  • Elstead Lighting
  • Estiluz Lighting
  • Franklite
  • HUAYI LIGHTING
  • JH Miller
  • LUMINAIRES GROUP
  • Vast china lighting manufacture
  • Zumtobel Group
Market driver
  • Innovations in technology
  • For a full, detailed list, view our report
Market challenge
  • Value gap in decorative lighting products
  • For a full, detailed list, view our report
Market trend
  • Evolution of smart lighting system
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Decorative Lighting Market 2017-2021

Technavio recognizes the following companies as the key players in the global decorative lighting market: Acuity Brands Lighting, General Electric, Generation Brands, Koninklijke Philips, and Maxim Lighting.

Other Prominent Vendors in the market are: ACCESS LIGHTING, Diamond Life Group, EGLO Leuchten, Elstead Lighting, Estiluz Lighting, Franklite, HUAYI LIGHTING, JH Miller, LUMINAIRES GROUP, Vast china lighting manufacture, and Zumtobel Group.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is evolution of smart lighting system. The use of smart lighting system is growing in commercial and residential places as it provides smart control over the lighting products. These smart lighting systems also involve the concept of IoT. This helps customers control lighting products through their smartphones and mobile applications. The manufacturers are investing in such concepts to attract customers who want to keep themselves more updated. Such smart lighting products are expected to increase with the LED technology. This is because some manufacturers are focusing on the production of LED smart lights as they are energy-efficient and convenient for customers.”

According to the report, one of the major drivers for this market is innovations in technology. LED and CFL lights are innovations in the field of lights. However, the adoption of LEDs is more than CFL among customers as they are reliable, long lasting, cost-effective, and energy-efficient. Such technological innovations act as a growth driver for LED light manufacturers.

Further, the report states that one of the major factors hindering the growth of this market is value gap in decorative lighting products. The global decorative lighting market is very fragmented and offers numerous types of lights for commercial and residential use. Customers demand good quality and innovatively designed lights because these lights add to the charm of a place. The consideration of brands is low in this market as it is not a brand driven market. However, different retailers may offer various designs, which makes this a more design-driven market. Moreover, product differentiation in this market is low as almost all retail outlets sell the same products.



Companies Mentioned

Acuity Brands Lighting, General Electric, Generation Brands, Koninklijke Philips, Maxim Lighting, ACCESS LIGHTING, Diamond Life Group, EGLO Leuchten, Elstead Lighting, Estiluz Lighting, Franklite, HUAYI LIGHTING, JH Miller, LUMINAIRES GROUP, Vast china lighting manufacture, and Zumtobel Group.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global LED lighting market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global decorative lighting market
    • Market size and forecast
      • Table Global decorative lighting market 2016-2021($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-usage
    • Global decorative lighting market by end-usage
      • Table Global decorative lighting market by end-usage 2016 and 2021 (% share of revenue)
      • Table Global decorative lighting market: Segmentation by end-usage 2016-2021 ($ billions)
    • Global decorative lighting market for residential usage
      • Table Global decorative lighting market for residential usage 2016-2021 ($ billions)\
    • Global decorative lighting market for commercial usage
      • Table Global decorative lighting market for commercial usage 2016-2021 ($ billions)
    • Overall comparison of the end-usage segments
      • Table Overall comparison of the end-usage segments in terms of CAGR (2016-2021), market share and revenue in 2016
  • Market segmentation by product
    • Global decorative lighting market by product
      • Table Global decorative lighting market by product 2016 and 2021 (% share of revenue)
      • Table Global decorative lighting market: Segmentation by product 2016-2021 ($ billions)
    • Ceiling lighting
      • Table Global ceiling lighting market 2016-2021 ($ billions)
    • Wall lighting
      • Table Global wall lighting market 2016-2021 ($ billions)
    • Indoor lamps
      • Table Global indoor lighting market 2016-2021 ($ billions)
    • Outdoor lighting
      • Table Global outdoor lighting market 2016-2021 ($ billions)
    • Overall comparison of the product segments
      • Table Overall comparison of the product segments in terms of CAGR (2016-2021), market share and revenue in 2016
  • Geographical segmentation
    • Table Geographical segmentation 2016 and 2021 (% share of revenue)
    • Table Geographical segmentation 2016-2021 ($ billions)
    • EMEA
      • Table Decorative lighting market in EMEA 2016-2021 ($ billions)
    • Americas
      • Table ecorative lighting market in the Americas 2016-2021 ($ billions)
    • APAC
      • Table Decorative lighting market in APAC 2016-2021 ($ billions)
    • Overall comparison of the geographies
      • Table Overall comparison of the geographies in terms of CAGR (2016-2021), market share, and revenue in 2016
  • Key leading countries
    • Table Key leading countries in 2016 (% share of revenue)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Total new privately owned housing units in US 2013-2016 (in thousands)
    • Market challenges
  • Market trends
    • Evolution of smart lighting system
    • Smart shopping experience through augmented reality
    • Trending lighting designs
    • Solar decorative lighting products
  • Vendor landscape
    • Competitive scenario
    • Competitive strategies
    • Comparative analysis of the key vendors
      • Table Comparison of overall sales growth of vendors (FY2015-FY2016) (%)
      • Table Comparison of operating margins of key vendors in FY2016 (%)
      • Table Key vendors: Benchmarking on geographical presence
      • Table Key vendors: Comparative analysis of product portfolio, product pricing, and geographical presence
  • Key vendor analysis
    • Acuity Brands Lighting
      • Table Acuity Brands Lighting: Geographic segmentation by net sales 2016
      • Table Acuity Brands Lighting in global decorative lighting market
    • Generation Brands
      • Table Generation Brands in decorative lighting market
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC: Business segmentation 2016 (% share of revenue)
      • Table GENERAL ELECTRIC: Geographic segmentation 2016 (% share of revenue)
      • Table GENERAL ELECTRIC in global decorative lighting market
    • Koninklijke Philips
      • Table Koninklijke Philips: Business segmentation by 2016 (% share of revenue)
      • Table Koninklijke Philips: Geographical segmentation 2016 (% share of revenue)
      • Table Koninklijke Philips in global decorative lighting market
    • Maxim Lighting
      • Table Product segmentation of Maxim Lighting offerings
      • Table Maxim Lighting in global decorative lighting market
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report