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The global floor lamps market size reached a value of approximately USD 4.23 billion in 2023. The market is further projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of USD 6.05 billion by 2032.
Floor lamp is a tall electric lamp that is attached to a base resting on the ground that can balance out the brightness produced by the ceiling lights by illuminating an individual’s eye-level area. It is often used as a standalone lighting solution, focusing on a particular spot in the room and requires no professional help for installation.
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Based on type, the market is divided into arc floor lamps, industrial floor lamps, modern floor lamps, tree floor lamps, rustic floor lamps, torchiere floor lamps, classic floor lamps, and console floor lamps, among others. On the basis of application, the market is segmented into commercial, household, and industrial. By distribution channel, the market is categorised into online and offline. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global floor lamps market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The arc floor lamps are anticipated to account for a significant share in the market owing to the increasing utilisation of these lamps for creating a mid-century modern ambience at homes. These floor lamps are known for providing harmony and warmth in the room they are placed in and are excellent for studying, working, and reading. The ability of arc lamps to provide indirect lighting while taking up very little space is another major factor boosting the growth of the segment and aiding the floor lamps market expansion.
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North America held a significant share of the market as it is one of the largest producer and consumer of floor lamps across the globe. High disposable incomes of the North American population allow them to purchase products like floor lamps to create a better ambience at home. Additionally, the strong presence of key market players in the region and the rising focus of manufacturers on designing innovative and better quality products to meet the customer requirements are further aiding the floor lamps market growth in North America.
IKEA Group was founded in 1943 and is headquartered in Delft, Netherlands. The retail company develops, designs, manufactures, and sells well-designed, high quality, functional and affordable home furnishing products.
VENINI S.p.A. is a design service company that was founded in 1921. The company is headquartered in Venice, Italy and is known for providing consumers with glass, Murano glass, and sculptures, among others.
Lumens (YDesign Group, LLC) was established in 2001 and has its headquarters located in California, United States. The retail company specialises in FLOS lighting, modern outdoor furniture, and modern office furniture, among others.
Other players in the floor lamps market include Koninklijke Philips N.V, Baulmann Leuchten GmbH, Panasonic Corporation, ANTA Leuchten Kristian Kracht, The White Teak Company (Obgenix Software Pvt. Ltd), CB2 (Euromarket Designs, Inc.), and Adesso Inc., among others.
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 Type |
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Breakup by Application |
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Breakup by Distribution Channel |
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*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 reached a value of approximately USD 4.23 billion in 2023.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.05 billion by 2032.
The major drivers of the market include rising requirements from residential sector, increasing emphasis on ambience, and increasing utilisation by hotels.
The key trends of the market include increasing residential and commercial construction activities and rapid development of floor lamps with advanced and innovative features.
The significant applications of floor lamps include commercial, household, and industrial.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the floor lamps market are IKEA Group, VENINI S.p.A., Lumens (YDesign Group, LLC), Koninklijke Philips N.V, Baulmann Leuchten GmbH, Panasonic Corporation, ANTA Leuchten Kristian Kracht, The White Teak Company (Obgenix Software Pvt. Ltd), CB2 (Euromarket Designs, Inc.), and Adesso Inc., among others.
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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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