市場調查報告書
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1610774
裝飾照明市場規模、佔有率、成長分析、按產品類型、按光源、按應用、按地區 - 行業預測,2024-2031年Decorative Lighting Market Size, Share, Growth Analysis, By Product (Chandeliers, Sconce), By Type, By Light Source, By Application, By Region - Industry Forecast 2024-2031 |
2019年全球裝飾照明市場規模為386.5億美元,在預測期間(2024-2031年)複合年成長率為3.5%,從2023年的400億美元增加到2031年的545.2億美元。
截至 2023 年 10 月,人們越來越意識到照明對房間氛圍的影響,這正在推動對裝飾照明解決方案的需求。房間的照明方式會改變其大小,從而創造出更動態的視覺體驗。正確選擇的照明燈具不僅可以增強空間的美感,還可以融合風格和功能,使其成為當代室內裝飾的重要元素。與地板材料、家具和牆壁顏色相匹配的照明燈具可營造出溫馨、誘人且實用的環境。這一趨勢強調了將照明設計融入室內整體造型的重要性,並凸顯了照明在現代住宅空間中的變革力量。
Global Decorative Lighting Market size was valued at USD 38.65 billion in 2019 and is poised to grow from USD 40 billion in 2023 to USD 54.52 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
As of October 2023, the growing awareness of lighting's impact on room ambiance is driving demand for decorative lighting solutions. The way a room is illuminated can alter its perceived dimensions, creating a more dynamic visual experience. Properly selected lighting fixtures not only enhance the aesthetic appeal of a space but also blend style with functionality, becoming essential elements in contemporary decor. When these fixtures are thoughtfully curated to harmonize with flooring, furniture, and wall colors, they contribute to a warm, inviting, and practical environment. This trend underscores the importance of integrating lighting design into overall interior styling, spotlighting the transformative power of illumination in modern home spaces.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Decorative Lighting market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Decorative Lighting Market Segmental Analysis
Global Decorative Lighting Market is segmented by Product, Type, Light Source, Application and region. Based on Product, the market is segmented into Chandeliers, Sconce, Flush Mount, Pendant, Others. Based on Type, the market is segmented into Ceiling, Wall mounted, Others. Based on Light Source, the market is segmented into LED, Fluorescent, Incandescent, Others. Based on Application, the market is segmented into Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Decorative Lighting Market
The Global Decorative Lighting market is experiencing significant growth, driven by the powerful influence of social media influencers and home decor web series on consumer preferences. This trend has led to an increased demand for a diverse range of decorative lighting fixtures in various shapes, sizes, colors, and materials. While fiber fixtures dominate the market, other materials such as glass, ceramic, bamboo, carved wood, and fabric are also in high demand. The aesthetic appeal of living spaces is often seen as a reflection of the owner's taste and personality, emphasizing the importance of decorative lighting in establishing ambiance and style. Popular designers have recognized this shift, promoting the integration of decorative lighting into a variety of spaces including homes, retail outlets, malls, hotels, spas, and restaurants, making it an essential aspect of modern design.
Restraints in the Global Decorative Lighting Market
The Global Decorative Lighting market faces significant restraints primarily due to fierce competition among companies, leading many to compromise product quality by using substandard raw materials to reduce costs and remain competitive. This practice results in inferior decorative lighting options that dissuade consumers from purchasing these products, prompting them to revert to traditional lamps or candles instead. Furthermore, the decorative lighting market relies heavily on the construction and real estate sectors, both of which have been experiencing sluggish growth in recent years, exacerbated by the pandemic's impact. Consequently, the slowing growth in real estate is anticipated to further curtail demand, hindering market expansion.
Market Trends of the Global Decorative Lighting Market
The Global Decorative Lighting market is witnessing a significant trend towards energy-efficient solutions, driven primarily by the growing adoption of LEDs and fluorescent lighting. These options offer up to 90% reductions in energy consumption, lower maintenance costs, and extended lifespans, leading to decreased utility bills and long-term savings for businesses and consumers alike. As prices for these energy-efficient alternatives continue to decline, individual and corporate demand is surging, prompting a shift away from traditional incandescent lights. This paradigm shift not only emphasizes sustainability but also positions energy-efficient decorative lighting as a key driver for market growth in the upcoming years.