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Global Decorative Lighting Market: By Light Source: LED, Fluorescent, Incandescent, Others; By Product: Ceiling, Wall Mounted, Others; By End Use: Commercial, Household; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Decorative Lighting Market Outlook

The global decorative lighting market is expected to grow in the forecast period of 2021-2026 at a CAGR of 3.2%.

 

Growing Demand for Decorative Lighting to Enhance Aesthetics in the Commercial and Domestic Sectors is Aiding the Market Growth

The rising trend of interior designing in both domestic and commercial buildings is aiding the market growth of decorative lighting. As lighting is one of the most significant aspects of interior designing, it is being widely deployed to enhance the aesthetics of an area. Moreover, the increasing remodelling and renovation activities in both developed and developing countries are leading to a surge in the use of decorative lighting, which is augmenting the market growth.

 

Global Decorative Lighting Market

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The trend has been escalated during the COVID-19 outbreak that increased the focus of homeowners on interior designing owing to stay-at-home orders and national lockdowns, therefore significantly contributing to the industry growth.

 

Growing Demand for LED Decorative Lighting is Catalysing the Market Growth

The growing demand for LED decorative lighting owing to their cost-effectiveness and energy efficiency is aiding the industry growth. It is rapidly replacing incandescent decorative lighting owing to its durability and versatility, which is consequently surging its demand. In addition, LED lightings are available in diverse colours, shapes, and brightness, which makes them ideal for use in various decorative styles, hence invigorating the growth of the decorative lighting industry.

 

Decorative Lighting: Industry Definition and Segmentation

Decorative lighting is a type of lighting that is deployed to enhance the beauty of enclosed space, home, and outdoor space. It can highlight various models, objects, and paintings in rooms and halls while increasing the overall aesthetics of rooms. Moreover, it is available in various textures, styles, shapes, and colours, among others, due to which it is increasingly deployed in residential and commercial spaces.

The major light sources of decorative lighting are:

  • LED
  • Fluorescent
  • Incandescent
  • Others

The market can be broadly categorised on the basis of products into:

  • Ceiling
  • Wall Mounted
  • Others

Based on end use, the market is bifurcated into:

  • Commercial
  • Household

By distribution channel, the industry is divided into:

  • Offline 
  • Online

The EMR report looks into the regional markets of decorative lighting like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Decorative Lighting in Residential Spaces to Provide Relaxation Effects to Bolster the Market Growth

The increasing trend of bedroom lighting that can provide relaxation effects while appealing to the eye is augmenting the industry growth. Moreover, the surging environmental consciousness is increasing the demand for decorative lights made up of organic materials, which is further bolstering the market growth. The rising demand for ceiling-mounted decorative lighting to transform rooms to enhance the aesthetics of rooms is fuelling the market growth. In addition, the advent of dynamic lighting that can be controlled by smartphones is significantly contributing to the growth of the decorative lighting industry.

The growing demand for smart decorative lighting to automate the intensity of lighting is augmenting the market growth. As smart lightings have features, such as occupancy and daylight sensors, it consumes a low amount of electricity and energy, which is further invigorating the market growth of decorative lighting. Furthermore, as smart lighting can also change the lighting moods as per space and mood preferences, the demand for decorative lighting is escalating, which is expected to propel the industry growth in the forecast period.

 

Key Industry Players in the Global Decorative Lighting Market

The report presents a detailed analysis of the following key players in the global decorative lighting market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Acuity Brands Lighting Inc.
  • Maxim Lighting International, Inc.
  • Generation Lighting
  • Savant Systems, Inc.
  • Lowe's Companies, Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Light Source, Product, End Use, Distribution Channel, Region
Breakup by Light Source LED, Fluorescent, Incandescent, Others
Breakup by Product Ceiling, Wall Mounted, Others
Breakup by End Use Commercial, Household
Breakup by Distribution Channel Offline, Online
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Acuity Brands Lighting Inc., Maxim Lighting International, Inc., Generation Lighting, Savant Systems, Inc., Lowe's Companies, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Decorative Lighting Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Decorative Lighting Historical Market (2016-2020) 
    8.3    Global Decorative Lighting Market Forecast (2021-2026)
    8.4    Global Decorative Lighting Market by Light Source
        8.4.1    LED
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Fluorescent
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Incandescent
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Decorative Lighting Market by Product
        8.5.1    Ceiling
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Wall Mounted
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Others
    8.6    Global Decorative Lighting Market by End Use
        8.6.1    Commercial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Household
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Decorative Lighting Market by Distribution Channel
        8.7.1    Offline
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Online
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Decorative Lighting Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Acuity Brands Lighting Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Maxim Lighting International, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Generation Lighting
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Savant Systems, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Lowe's Companies, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Decorative Lighting Market: Key Industry Highlights, 2016 and 2026
2.    Global Decorative Lighting Historical Market: Breakup by Light Source (USD Million), 2016-2020
3.    Global Decorative Lighting Market Forecast: Breakup by Light Source (USD Million), 2021-2026
4.    Global Decorative Lighting Historical Market: Breakup by Product (USD Million), 2016-2020
5.    Global Decorative Lighting Market Forecast: Breakup by Product (USD Million), 2021-2026
6.    Global Decorative Lighting Historical Market: Breakup by End Use (USD Million), 2016-2020
7.    Global Decorative Lighting Market Forecast: Breakup by End Use (USD Million), 2021-2026
8.    Global Decorative Lighting Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
9.    Global Decorative Lighting Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
10.    Global Decorative Lighting Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Decorative Lighting Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Decorative Lighting Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Decorative Lighting Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Decorative Lighting Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Decorative Lighting Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Decorative Lighting Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Global Decorative Lighting Market Structure

Key Questions Answered in the Report

The global decorative lighting market is projected to grow at a CAGR of 3.2% between 2021 and 2026.

The market is being aided by the growing demand for decorative lighting in interior designing, the growing remodelling and renovation activities, and the increasing demand for LED decorative lighting.

The market is expected to be driven by the trend of bedroom lighting, the rising demand for organic decorative lighting, and the increasing preference for smart decorative lighting.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major light sources of decorative lighting in the industry are LED, fluorescent, and incandescent, among others.

The leading products of decorative lighting in the market are ceiling and wall mounted, among others.

The various end uses of decorative lighting are commercial and household.

The significant distribution channels in the market are offline and online.

The major players in the industry are Acuity Brands Lighting Inc., Maxim Lighting International, Inc., Generation Lighting, Savant Systems, Inc., and Lowe's Companies, Inc., among others.

Analyst Review

The global decorative lighting market is being driven by the growing demand for decorative lighting in interior designs. Aided by the increasing preference for smart decorative lighting, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.2%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on light sources, the decorative lighting industry can be segmented into LED, fluorescent, and incandescent, among others. By products, the market is categorised into ceiling and wall mounted, among others. Based on end uses, the market is bifurcated into commercial and household. On the basis of distribution channels, the industry is divided into offline and online. The major regional markets for decorative lighting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Acuity Brands Lighting Inc., Maxim Lighting International, Inc., Generation Lighting, Savant Systems, Inc., and Lowe's Companies, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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