Global Luxury Chandeliers Market 2018-2022
About luxury chandeliers
A chandelier (also known as girandole, candelabra lamp, or least commonly suspended lights) is a branched decorative or ornamental light fixture designed to be mounted on ceilings. Chandeliers priced above $350 are considered as luxury chandeliers. Chandeliers consist of multiple arms that comprise multiple light bulbs. These are mostly used for interior decoration purposes, used in residential as well as commercial places. Many hotels, retail stores, restaurants, and others use chandeliers to beautify the ambiance, for attracting customers.
Technavio’s analysts forecast the Global luxury chandeliers market to grow at a CAGR of 7.11% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global luxury chandeliers market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of chandeliers from end-usage, product style, product size, product finish, price range, distribution channel, and geography.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Luxury Chandeliers Market 2018-2022
Technavio recognizes the following companies as the key players in the Global luxury chandeliers market: Elegant Lighting, Generation Brands, Koninklijke Philips, Maxim lighting, Worldwide Lighting
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is trending lighting designs for chandeliers”
According to the report, one driver that is affecting the market is evolving design concept leading to premiumization”
Further, the report states that one challenge that is affecting the market is Consumers' perceived value gap in decorative lighting”
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