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Global Decorative Lighting Market Size, Share, Growth: By Light Source: LED, Fluorescent, Incandescent, Others; By Product: Ceiling, Wall Mounted, Others; By End Use: Commercial, Household; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Decorative Lighting Market Outlook
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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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. 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: Market 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.
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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.
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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.
Key Highlights of the Report
| 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 |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Decorative Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Decorative Lighting Historical Market (2018-2023)
8.3 Global Decorative Lighting Market Forecast (2024-2032)
8.4 Global Decorative Lighting Market by Light Source
8.4.1 LED
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fluorescent
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Incandescent
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Decorative Lighting Market by Product
8.5.1 Ceiling
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Wall Mounted
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Decorative Lighting Market by End Use
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Household
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Decorative Lighting Market by Distribution Channel
8.7.1 Offline
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Online
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Decorative Lighting Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Decorative Lighting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Decorative Lighting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Decorative Lighting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Decorative Lighting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Decorative Lighting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Acuity Brands Lighting Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Maxim Lighting International, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Generation Lighting
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Savant Systems, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Lowe's Companies, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Decorative Lighting Market: Key Industry Highlights, 2018 and 2032
2. Global Decorative Lighting Historical Market: Breakup by Light Source (USD Million), 2018-2023
3. Global Decorative Lighting Market Forecast: Breakup by Light Source (USD Million), 2024-2032
4. Global Decorative Lighting Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Decorative Lighting Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Decorative Lighting Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Decorative Lighting Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Decorative Lighting Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Decorative Lighting Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Decorative Lighting Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Decorative Lighting Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Decorative Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Decorative Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Decorative Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Decorative Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Decorative Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Decorative Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Decorative Lighting Market Structure
Key Questions Answered in the Report
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.
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 2024-2032, 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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