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The global decorative lighting market is expected to grow in the forecast period of 2024-2032 at a CAGR of 3.2%.
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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. 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.
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 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.
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The major light sources of decorative lighting are:
The market can be broadly categorised on the basis of products into:
Based on end use, the market is bifurcated into:
By distribution channel, the industry is divided into:
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.
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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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Light Source |
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Breakup by Product |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is assessed to grow at a CAGR of 3.2% between 2024 and 2032.
The growing demand for decorative lighting in interior designing, surging remodelling and renovation activities, and the increasing demand for LED decorative lighting are the major factors driving the market.
The key trends propelling the market growth include the growing trend of bedroom decorative lighting and the increasing preference for smart decorative lighting.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major light sources considered in the market report 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 market are Acuity Brands Lighting Inc., Maxim Lighting International, Inc., Generation Lighting, Savant Systems, Inc., and Lowe's Companies, Inc., among others.
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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