Product Code: GVR-3-68038-562-5
Decorative Lighting Market Growth & Trends:
The global decorative lighting market size is expected to reach USD 49.42 billion by 2030, registering to grow at a CAGR of 2.9% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing deployment of decorative lighting in shopping malls, complexes, and retail shops have been playing a vital role in the market growth. The bright light adds a charm to place, along with giving it a warm and welcoming vibe. Additionally, the lighting helps in showcasing the products better and making it appear attractive. The trend has further extended its roots in decorating washrooms of malls, complexes, airports, and restaurants in order to offer a remarkable service to its customers.
The color of light plays a crucial role in the adoption of fixtures. Consumers have become aware about the effect of the color temperature. Three varieties including soft white, bright/cool white, and daylight are generally used. Soft white or warm white light bulbs are best suited for bedrooms and living rooms, as these offer traditional, warm, and cozy look. The bright or cool white light is suitable for kitchen and other similar workspaces including offices, as these offer a quick energetic ambience. The daylight is considered ideal for working, reading, or applying makeup as they enhance the color contrast.
Asia Pacific is expected to remain one of the lucrative markets over the next few years. Population growth and urbanization in developing economies such as China and India have paved a way for the lighting fixture firms to find new opportunities in the region. Additionally, rising spending on renovation as well as development of tourist destinations by the governments of China, India, Maldives, and Sri Lanka at the domestic level is expected to increase the establishment of new hotels as well as restaurants, where decorative lighting fixtures will expand the market reach.
Some of the key players operating in the decorative lighting market for decorative lighting are ACUITY BRANDS LIGHTING, INC.; Signify Holdings; NICHIA CORPORATION; Hubbell; Crest LED Lighting; GENERAL ELECTRIC COMPANY; OSRAM GmbH; Cree Lighting; Crest LED Lighting; and CRENSHAW LIGHTING. New product launches are expected to remain key strategies among the industry participants in order to expand their market size. Additionally, consumers are expected to consider energy efficient products with smart features as one of the key buying criteria over the next few years. For instance, in October 2018, Jaquar launched its copper chandelier with a silver plating. The three-tier chandelier is decorated with European crystals, along with LED E14. It offers smart and energy efficient lighting.
Decorative Lighting Market Report Highlights:
- The sconce segment dominated the market with the largest revenue share of 34.2% in 2024. Wall sconces offer a versatile lighting solution that can enhance the ambiance of various settings, from residential spaces to commercial establishments.
- The LED segment dominated the market with the largest revenue share in 2024. LED lights are known for their energy efficiency, consuming significantly less power than traditional lighting solutions, which appeals to eco-conscious consumers and those looking to reduce electricity costs.
- The commercial segment dominated the market with the largest revenue share in 2024. This growth is driven by the expanding hospitality industry, including hotels, restaurants, and resorts, all of which invest heavily in creating appealing and inviting environments for their guests.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Decorative Lighting Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis (Industry-level)
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Decorative Lighting Market: Product Estimates & Trend Analysis
- 5.1. Decorative Lighting Market, By Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 5.3.1. Chandeliers
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Sconce
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.3. Flush Mount
- 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.4. Pendant
- 5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.5. Others
- 5.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Decorative Lighting Market: Light Source Estimates & Trend Analysis
- 6.1. Decorative Lighting Market, By Light Source: Key Takeaways
- 6.2. Light Source Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecasts, by Light Source, 2018 - 2030 (USD Million)
- 6.3.1. LED
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Fluorescent
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. Incandescent
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4. Others
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Decorative Lighting Market: Application Estimates & Trend Analysis
- 7.1. Decorative Lighting Market, By Application: Key Takeaways
- 7.2. Application Movement Analysis & Market Share, 2024 & 2030
- 7.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.1. Commercial
- 7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Household
- 7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Decorative Lighting Market: Regional Estimates & Trend Analysis
- 8.1. Decorative Lighting Market: Regional Outlook
- 8.2. Regional Marketplaces: Key Takeaways
- 8.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
- 8.3.1. North America
- 8.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.1.2. U.S.
- 8.3.1.2.1. Key country dynamics
- 8.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.1.3. Canada
- 8.3.1.3.1. Key country dynamics
- 8.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.1.4. Mexico
- 8.3.1.4.1. Key country dynamics
- 8.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2. Europe
- 8.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.2. UK
- 8.3.2.2.1. Key country dynamics
- 8.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.3. Germany
- 8.3.2.3.1. Key country dynamics
- 8.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.4. France
- 8.3.2.4.1. Key country dynamics
- 8.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.5. Italy
- 8.3.2.5.1. Key country dynamics
- 8.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.6. Spain
- 8.3.2.6.1. Key country dynamics
- 8.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3. Asia Pacific
- 8.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3.2. China
- 8.3.3.2.1. Key country dynamics
- 8.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3.3. India
- 8.3.3.3.1. Key country dynamics
- 8.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3.4. Japan
- 8.3.3.4.1. Key country dynamics
- 8.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3.5. Australia & New Zealand
- 8.3.3.5.1. Key country dynamics
- 8.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3.6. South Korea
- 8.3.3.6.1. Key country dynamics
- 8.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.4. Latin America
- 8.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.4.2. Brazil
- 8.3.4.2.1. Key country dynamics
- 8.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.5. Middle East & Africa
- 8.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.5.2. South Africa
- 8.3.5.2.1. Key country dynamics
- 8.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.5.3. Saudi Arabia
- 8.3.5.3.1. Key country dynamics
- 8.3.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Decorative Lighting Market: Competitive Analysis
- 9.1. Recent Developments & Impact Analysis, by Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2024 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. ACUITY BRANDS, INC.
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Portfolios
- 9.9.1.4. Strategic Initiatives
- 9.9.2. Philips Lighting (Signify Holding)
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Portfolios
- 9.9.2.4. Strategic Initiatives
- 9.9.3. Home Depot
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Portfolios
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Hubbell
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Portfolios
- 9.9.4.4. Strategic Initiatives
- 9.9.5. Juno
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Portfolios
- 9.9.5.4. Strategic Initiatives
- 9.9.6. Lowe's
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Portfolios
- 9.9.6.4. Strategic Initiatives
- 9.9.7. GE Lighting
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Portfolios
- 9.9.7.4. Strategic Initiatives
- 9.9.8. LSI Industries
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Portfolios
- 9.9.8.4. Strategic Initiatives
- 9.9.9. OSRAM GmbH
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Portfolios
- 9.9.9.4. Strategic Initiatives
- 9.9.10. Littmann
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Portfolios
- 9.9.10.4. Strategic Initiatives