Product Code: PMRREP4716
Persistence Market Research presents a detailed analysis of the global Lighting Fixtures Market, providing insights into the market dynamics, growth drivers, challenges, and emerging trends. This comprehensive report offers data and statistics to help stakeholders navigate the lighting fixtures market from 2024 to 2031.
The global lighting fixtures market is expected to experience steady growth between 2024 and 2031, with an anticipated CAGR of 3.7% over this period. The market is estimated to increase from USD 36.5 billion in 2024 to approximately USD 47.1 billion by the end of 2031.
Key Insights:
- Estimated Market Value (2024): USD 36.5 Billion
- Projected Market Value (2031): USD 47.1 Billion
- Global Market Growth Rate (CAGR 2024 to 2031): 3.7%
Lighting Fixtures Market - Report Scope:
Lighting fixtures are key components in both residential and commercial spaces, offering functionality, aesthetics, and energy efficiency. The growth of the lighting fixtures market is driven by the ongoing urbanization, construction boom, and rising demand for energy-efficient lighting solutions. The rapid adoption of LED technology has transformed the industry, with LEDs offering improved energy efficiency and longer lifespan compared to traditional lighting.
The market scope includes various types of fixtures such as ceiling lights, wall lights, floor lamps, and outdoor lighting. Additionally, the trend toward smart lighting and home automation has expanded the scope of this market, with lighting fixtures increasingly integrating with smart home systems.
Market Growth Drivers:
The lighting fixtures market is primarily driven by several factors. Urbanization and the construction boom across the globe are leading to increased demand for residential and commercial lighting. Energy efficiency mandates and environmental concerns drive the transition from traditional lighting to LED and other energy-efficient solutions.
Smart lighting technology is another significant growth driver, offering advanced control and integration with smart home systems. This technology allows users to control lighting through mobile applications or voice commands, enhancing convenience and energy management. Furthermore, government incentives and regulations promoting energy efficiency have spurred the adoption of LED-based fixtures, further contributing to market growth.
Market Restraints:
While the lighting fixtures market shows strong growth potential, several challenges could restrain its expansion. The high initial cost of LED and smart lighting systems can deter some consumers, especially in developing markets with tighter budgets. Additionally, concerns about electronic waste and the disposal of LED components pose environmental challenges.
The rapidly evolving technology can lead to product obsolescence, affecting manufacturers' ability to keep up with trends. This can increase R&D costs and complicate inventory management. Moreover, intense competition from regional manufacturers offering low-cost lighting fixtures creates pricing pressures, affecting profit margins for established companies.
Market Opportunities:
Despite the challenges, the lighting fixtures market offers significant opportunities for innovation and growth. The demand for smart lighting and integration with smart home systems is rising, presenting an opportunity for manufacturers to offer advanced products that appeal to tech-savvy consumers. Customizable lighting solutions and fixtures designed for specific applications, such as healthcare or hospitality, represent additional growth avenues.
The expansion into emerging markets, where urbanization and infrastructure development are accelerating, also provides a substantial opportunity for market growth. By focusing on energy-efficient and eco-friendly solutions, companies can align with global sustainability trends, opening new markets and strengthening brand reputation.
Key Questions Addressed in the Report:
- What is the Expected CAGR for the Lighting Fixtures Market from 2024 to 2031?
- What are the Key Drivers Fueling the Growth of the Lighting Fixtures Market?
- Which Region Holds the Largest Market Share in the Lighting Fixtures Market?
- Who are the Leading Players in the Global Lighting Fixtures Market?
- What Strategies Do Leading Companies Employ to Maintain a Competitive Edge in the Lighting Fixtures Market?
Competitive Landscape and Business Strategies:
Leading companies in the lighting fixtures market include Philips Lighting (Signify), OSRAM Licht AG, General Electric Company, and Acuity Brands. These companies focus on innovation, energy efficiency, and product differentiation to maintain their competitive edge. Philips Lighting's extensive product range and global distribution network enable it to cater to a wide range of consumer needs.
Key strategies employed by leading companies include mergers and acquisitions, strategic partnerships, and investment in research and development. These companies aim to offer innovative lighting solutions, expand their market reach, and enhance their product portfolios to maintain a competitive advantage in the evolving lighting fixtures market.
Key Companies Profiled:
- Philips Lighting (Signify)
- OSRAM Licht AG
- General Electric Company
- Acuity Brands
- Hubbell Incorporated
- Cree, Inc.
- Zumtobel Group
- Panasonic Corporation
- Eaton Corporation plc
- Honeywell International Inc.
- Legrand SA
Lighting Fixtures Market Segmentation:
By Type:
- Architecture & Commercial Lighting
- Decorative & Residential Lighting
- Industrial Lighting
- Outdoor Lighting
By Application:
- Airport Lighting
- Corporate Campus Lighting
- Retail Outlets Lighting
- Education Facilities Lighting
- Government Office & Building
- Healthcare Facilities Lighting
- Industrial & Warehouse Lighting
- Recreation & Public Venue Lighting
- Residential Lighting
- Restaurant & Hotel Lighting
- Street Lighting
By Light Source:
- Incandescent
- Fluorescent
- LED and OLED
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Technology Roadmap
- 1.5. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Key Success Factors
- 4.1. Product Adoption / Usage Analysis
- 4.2. Product USPs / Features
- 4.3. Strategic Promotional Strategies
5. Global Lighting Fixtures Market Demand Analysis 2019-2023 and Forecast, 2024-2031
- 5.1. Historical Market Volume (Tons) Analysis, 2019-2023
- 5.2. Current and Future Market Volume (Tons) Projections, 2024-2031
- 5.3. Y-o-Y Growth Trend Analysis
6. Global Lighting Fixtures Market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Type
- 6.2. Global Average Pricing Analysis Benchmark
7. Global Lighting Fixtures Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031
- 7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
- 7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis
8. Market Background
- 8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added Overview
- 8.1.3. Global Infrastructure Investment Overview
- 8.1.4. Global Construction Spending Analysis
- 8.1.5. Other Macro Economic Factors
- 8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Construction Industry forecast
- 8.2.4. Light Source Growth Outlook
- 8.2.5. Collaboration Activities
- 8.3. Value Chain
- 8.3.1. Raw Material Suppliers
- 8.3.2. List of Manufacturers
- 8.3.3. List of Distributors
- 8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
- 8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
- 8.5.4. Trends
9. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Type
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Mn) and Volume Analysis by Type, 2019-2023
- 9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Type 2024-2031
- 9.3.1. Architecture & Commercial Lighting
- 9.3.2. Decorative & Residential Lighting
- 9.3.3. Industrial Lighting
- 9.3.4. Outdoor Lighting
- 9.4. Market Attractiveness Analysis by Type
10. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, By Application
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
- 10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2031
- 10.3.1. Airport Lighting
- 10.3.2. Corporate Campus Lighting
- 10.3.3. Retail Outlets Lighting
- 10.3.4. Education Facilities Lighting
- 10.3.5. Government Office & Building
- 10.3.6. Healthcare Facilities Lighting
- 10.3.7. Industrial & Warehouse Lighting
- 10.3.8. Recreation & Public Venue Lighting
- 10.3.9. Residential Lighting
- 10.3.10. Restaurant & Hotel Lighting
- 10.3.11. Street Lighting
- 10.4. Market Attractiveness Analysis By Application
11. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, By Light Source
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Mn) and Volume Analysis By Light Source, 2019-2023
- 11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Light Source 2024-2031
- 11.3.1. Incandescent
- 11.3.2. Fluorescent
- 11.3.3. LED and OLED
- 11.4. Market Attractiveness Analysis By Light Source
12. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Region
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Mn) and Volume Analysis by Region, 2019-2023
- 12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast by Region, 2024-2031
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia and Pacific
- 12.3.6. Middle East and Africa (MEA)
- 12.4. Market Attractiveness Analysis By Region
13. North America Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031
- 13.1. Introduction
- 13.2. Pricing Analysis
- 13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
- 13.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 13.4.1. By Country
- 13.4.1.1. U.S.
- 13.4.1.2. Canada
- 13.4.2. By Type
- 13.4.3. By Application
- 13.4.4. By Light Source
- 13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Type
- 13.5.3. By Application
- 13.5.4. By Light Source
- 13.6. Market Trends
- 13.7. Key Market Participants - Intensity Mapping
- 13.8. Drivers and Restraints - Impact Analysis
14. Latin America Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031
- 14.1. Introduction
- 14.2. Pricing Analysis
- 14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
- 14.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 14.4.1. By Country
- 14.4.1.1. Brazil
- 14.4.1.2. Mexico
- 14.4.1.3. Rest of Latin America
- 14.4.2. By Type
- 14.4.3. By Application
- 14.4.4. By Light Source
- 14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Type
- 14.5.3. By Application
- 14.5.4. By Light Source
- 14.6. Market Trends
- 14.7. Key Market Participants - Intensity Mapping
- 14.8. Drivers and Restraints - Impact Analysis
15. Europe Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031
- 15.1. Introduction
- 15.2. Pricing Analysis
- 15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
- 15.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 15.4.1. By Country
- 15.4.1.1. Germany
- 15.4.1.2. Italy
- 15.4.1.3. France
- 15.4.1.4. U.K.
- 15.4.1.5. Spain
- 15.4.1.6. BENELUX
- 15.4.1.7. Russia
- 15.4.1.8. Rest of Europe
- 15.4.2. By Type
- 15.4.3. By Application
- 15.4.4. By Light Source
- 15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Type
- 15.5.3. By Application
- 15.5.4. By Light Source
- 15.6. Market Trends
- 15.7. Key Market Participants - Intensity Mapping
- 15.8. Drivers and Restraints - Impact Analysis
16. South Asia and Pacific Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031
- 16.1. Introduction
- 16.2. Pricing Analysis
- 16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
- 16.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 16.4.1. By Country
- 16.4.1.1. India
- 16.4.1.2. ASEAN
- 16.4.1.3. Oceania
- 16.4.1.4. Rest of South Asia & Pacific
- 16.4.2. By Type
- 16.4.3. By Application
- 16.4.4. By Light Source
- 16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Type
- 16.5.3. By Application
- 16.5.4. By Light Source
- 16.6. Market Trends
- 16.7. Key Market Participants - Intensity Mapping
- 16.8. Drivers and Restraints - Impact Analysis
17. East Asia Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031
- 17.1. Introduction
- 17.2. Pricing Analysis
- 17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
- 17.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 17.4.1. By Country
- 17.4.1.1. China
- 17.4.1.2. Japan
- 17.4.1.3. South Korea
- 17.4.2. By Type
- 17.4.3. By Application
- 17.4.4. By Light Source
- 17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Type
- 17.5.3. By Application
- 17.5.4. By Light Source
- 17.6. Market Trends
- 17.7. Key Market Participants - Intensity Mapping
- 17.8. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031
- 18.1. Introduction
- 18.2. Pricing Analysis
- 18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
- 18.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 18.4.1. By Country
- 18.4.1.1. GCC Countries
- 18.4.1.2. Turkey
- 18.4.1.3. Northern Africa
- 18.4.1.4. South Africa
- 18.4.1.5. Rest of Middle East and Africa
- 18.4.2. By Type
- 18.4.3. By Application
- 18.4.4. By Light Source
- 18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Type
- 18.5.3. By Application
- 18.5.4. By Light Source
- 18.6. Market Trends
- 18.7. Key Market Participants - Intensity Mapping
- 18.8. Drivers and Restraints - Impact Analysis
19. Emerging Countries Lighting Fixtures Market Analysis
- 19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
- 19.2. U.S. Lighting Fixtures Market Analysis
- 19.2.1. By Type
- 19.2.2. By Application
- 19.2.3. By Light Source
- 19.3. Canada Lighting Fixtures Market Analysis
- 19.3.1. By Type
- 19.3.2. By Application
- 19.3.3. By Light Source
- 19.4. Mexico Lighting Fixtures Market Analysis
- 19.4.1. By Type
- 19.4.2. By Application
- 19.4.3. By Light Source
- 19.5. Brazil Lighting Fixtures Market Analysis
- 19.5.1. By Type
- 19.5.2. By Application
- 19.5.3. By Light Source
- 19.6. Germany Lighting Fixtures Market Analysis
- 19.6.1. By Type
- 19.6.2. By Application
- 19.6.3. By Light Source
- 19.7. Italy Lighting Fixtures Market Analysis
- 19.7.1. By Type
- 19.7.2. By Application
- 19.7.3. By Light Source
- 19.8. France Lighting Fixtures Market Analysis
- 19.8.1. By Type
- 19.8.2. By Application
- 19.8.3. By Light Source
- 19.9. U.K. Lighting Fixtures Market Analysis
- 19.9.1. By Type
- 19.9.2. By Application
- 19.9.3. By Light Source
- 19.10. Spain Lighting Fixtures Market Analysis
- 19.10.1. By Type
- 19.10.2. By Application
- 19.10.3. By Light Source
- 19.11. BENELUX Lighting Fixtures Market Analysis
- 19.11.1. By Type
- 19.11.2. By Application
- 19.11.3. By Light Source
- 19.12. Russia Lighting Fixtures Market Analysis
- 19.12.1. By Type
- 19.12.2. By Application
- 19.12.3. By Light Source
- 19.13. China Lighting Fixtures Market Analysis
- 19.13.1. By Type
- 19.13.2. By Application
- 19.13.3. By Light Source
- 19.14. Japan Lighting Fixtures Market Analysis
- 19.14.1. By Type
- 19.14.2. By Application
- 19.14.3. By Light Source
- 19.15. S. Korea Lighting Fixtures Market Analysis
- 19.15.1. By Type
- 19.15.2. By Application
- 19.15.3. By Light Source
- 19.16. India Lighting Fixtures Market Analysis
- 19.16.1. By Type
- 19.16.2. By Application
- 19.16.3. By Light Source
- 19.17. ASEAN Lighting Fixtures Market Analysis
- 19.17.1. By Type
- 19.17.2. By Application
- 19.17.3. By Light Source
- 19.18. Australia and New Zealand Lighting Fixtures Market Analysis
- 19.18.1. By Type
- 19.18.2. By Application
- 19.18.3. By Light Source
- 19.19. GCC Countries Lighting Fixtures Market Analysis
- 19.19.1. By Type
- 19.19.2. By Application
- 19.19.3. By Light Source
- 19.20. Turkey Lighting Fixtures Market Analysis
- 19.20.1. By Type
- 19.20.2. By Application
- 19.20.3. By Light Source
- 19.21. Northern Africa Lighting Fixtures Market Analysis
- 19.21.1. By Type
- 19.21.2. By Application
- 19.21.3. By Light Source
- 19.22. South Africa Lighting Fixtures Market Analysis
- 19.22.1. By Type
- 19.22.2. By Application
- 19.22.3. By Light Source
20. Market Structure Analysis
- 20.1. Market Analysis by Tier of Companies (Linear Alpha-Olefins)
- 20.2. Market Share Analysis of Top Players
- 20.3. Market Presence Analysis
21. Competition Analysis
- 21.1. Competition Dashboard
- 21.2. Competition Benchmarking
- 21.3. Competition Deep Dive
- 21.3.1. CREE, INC
- 21.3.1.1. Overview
- 21.3.1.2. Product Portfolio
- 21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.1.4. Sales Footprint
- 21.3.1.5. Strategy Overview
- 21.3.2. Hubbell Lighting, Inc.
- 21.3.2.1. Overview
- 21.3.2.2. Product Portfolio
- 21.3.2.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.2.4. Sales Footprint
- 21.3.2.5. Strategy Overview
- 21.3.3. GE Lighting, LLC
- 21.3.3.1. Overview
- 21.3.3.2. Product Portfolio
- 21.3.3.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.3.4. Sales Footprint
- 21.3.3.5. Strategy Overview
- 21.3.4. OSRAM Licht AG
- 21.3.4.1. Overview
- 21.3.4.2. Product Portfolio
- 21.3.4.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.4.4. Sales Footprint
- 21.3.4.5. Strategy Overview
- 21.3.5. Royal Philips NV
- 21.3.5.1. Overview
- 21.3.5.2. Product Portfolio
- 21.3.5.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.5.4. Sales Footprint
- 21.3.5.5. Strategy Overview
- 21.3.6. Acuity Brands Lighting, Inc
- 21.3.6.1. Overview
- 21.3.6.2. Product Portfolio
- 21.3.6.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.6.4. Sales Footprint
- 21.3.6.5. Strategy Overview
- 21.3.7. ATG Electronics
- 21.3.7.1. Overview
- 21.3.7.2. Product Portfolio
- 21.3.7.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.7.4. Sales Footprint
- 21.3.7.5. Strategy Overview
- 21.3.8. Panasonic Corporation
- 21.3.8.1. Overview
- 21.3.8.2. Product Portfolio
- 21.3.8.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.8.4. Sales Footprint
- 21.3.8.5. Strategy Overview
- 21.3.9. D. Kichler Co.
- 21.3.9.1. Overview
- 21.3.9.2. Product Portfolio
- 21.3.9.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.9.4. Sales Footprint
- 21.3.9.5. Strategy Overview
- 21.3.10. Eaton Corporation
- 21.3.10.1. Overview
- 21.3.10.2. Product Portfolio
- 21.3.10.3. Profitability by Market Segments (Product/Channel/Region)
- 21.3.10.4. Sales Footprint
- 21.3.10.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology