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Lamps Market Size, Share, Growth & Trends | Forecast 2031
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Lamps Market Size, Share, Growth & Trends | Forecast 2031

Segments - Global Lamps Market by Product types (Decorative lamps, Reading Lamps, and Others), Technology (Fluorescent, Halogen, Incandescent, LED, and Others), Applications (Commercial and Residential), Distribution channels (Convenience Stores, Specialty Stores, Supermarkets & Hypermarkets, Online, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023 - 2031

https://growthmarketreports.com/Debadatta
Author : Debadatta Patel
https://growthmarketreports.com/Partha
Fact-checked by : PARTHA PAUL
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :CG-2946 | 4.6 Rating | 79 Reviews | 205 Pages | Format : PDF Excel PPT

Report Description


Lamps Market Outlook 2031:

The global lamps market size was valued at USD 13.53 Billion in 2022 and is projected to reach USD 20.63 Billion by 2031, expanding at a CAGR of 5.8% during the forecast period 2023 - 2031. A lamp is a device that uses electric current to produce visible light. It is often compact and modest in size, taking less room and being readily placed on tables.

The lamps are portable gadgets that are used as reading lights. Lamps have been used since antiquity as oil lamps, which were commonly used in the majority of countries. Electric lamps were developed as a result of the boom in invention and automation.

Lamps Market Outlook

  • Increased awareness of new goods, advancement in technology, and the introduction of new features in lamps can drive the lamps market expansion.
  • The presence of remote & mobile application controlling systems, warm white light, and voice detection enabled features and preference for smart home gadgets and numerous light features are major drivers driving the lights market growth.
  • Increased safety insulation, the availability of replacement bulbs, the reduced height and weight of table lamps, and an increase in disposable income are key drivers spurring the growth of the lamps market.
  • High-priced lights, a reduction in the trend of residential lamps, and availability of alternative products can hamper the lamps market growth.
  • The demand for energy-saving bulbs, as well as increased customer preference for energy-efficient products, can provide opportunities for the lamp market.

Scope of Lamps Market report:

The report on the lamps market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Lamps Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016 & 2021

Forecast Period

2023 – 2031

Segmentation

types (Decorative lamps, Reading Lamps, and Others), Technology (Fluorescent, Halogen, Incandescent, LED, and Others), Applications (Commercial and Residential), Distribution channels (Convenience Stores, Specialty Stores, Supermarkets & Hypermarkets, Online, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

OSRAM Lighting, Tenneco Inc., Philips, EYE lighting International, Chicago Miniature Lighting; Panasonic, Eiko Ltd, Opple Lighting, Toshiba, and SYSKA LED

Lamps Market Segment Insights:

Decorative lamps segment is projected to hold a significant market share

Based on product types, the lamps market share can be segmented into decorative lamps, reading lamps, and others. The decorative lamps segment is projected to hold a significant market share due to energy-efficiency, lightweight, and long-lasting items that are employed as attractive interior lighting systems in both home and commercial settings.

As a result, ongoing product innovation in terms of technology, designs, different color hues, and shadow patterns that can drive the segment growth. Moreover, the Integration of sophisticated technologies, such as AI assistance enabling direct control via voice commands, can drive the product demand across the globe.

Lamps Market Products

LED segment is anticipated to account for a substantial share

On the basis of technology, the lamps market share can be segregated into fluorescent, halogen, incandescent, LED, and others. The LED is estimated to expand at a high CAGR during the forecast period. LEDs provide brighter light while consuming less electricity. With the rising cost of energy and the shortage of resources, LEDs have become the preferred choice for customers all over the world.

LED demand is increasing as a result of growing environmental concern and favorable government efforts. This segment's rise can be attributed to the low costs, increasing applications, and durability of LEDs.

Residential segment is estimated to expand at a rapid pace during the forecast period

In terms of applications, the lamps segment can be divided into commercial and residential. The residential segment is estimated to expand at a rapid pace during the forecast period, as a result of the growing requirement for advanced products at regular periods. A-Line bulbs, which are extensively used in homes, is one of the varieties of CFL.

Improvements in living conditions, as well as increased awareness of the benefits of using energy-efficient bulbs, have spurred demand in the residential sector. The adoption of halogen and fluorescent lights in the household, hospitality, and healthcare sectors has boosted the segment growth.

Lamps Market Applications

Online segment is estimated to register a high CAGR

Based on distribution channels, the market can be fragmented into convenience stores, specialty stores, supermarkets & hypermarkets, online, and others. The online segment is estimated to register a high CAGR in the coming years. Online platforms feature one-of-a-kind offers as well as doorstep delivery services, which are expected to fuel the segment.

Additionally, prominent market players such as LED, SYSKA, and Xiaomi are developing their own websites where users can purchase legitimate items.

Asia Pacific is expected to dominate the market

In terms of regions, the lamps market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. China has established itself as a large-scale supplier of goods to other countries.

Another element that has contributed to the expansion of the regional market is the rising population in emerging countries such as India and China.

Lamps Market Regions

Segments

By Product Types

  • Decorative lamps
  • Reading lamps
  • Others

By Technology

  • Fluorescent
  • Halogen
  • Incandescent
  • LED
  • Others

By Applications

  • Commercial
  • Residential

By Distribution Channels

  • Convenience Stores
  • Specialty Stores
  • Supermarkets & Hypermarkets
  • Online
  • Others

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • OSRAM Lighting
  • Tenneco Inc.
  • Philips
  • EYE lighting International
  • Chicago Miniature Lighting
  • Panasonic
  • Eiko Ltd
  • Opple Lighting
  • Toshiba
  • SYSKA LE

Competitive Landscape

Key players in the lamps market are OSRAM Lighting, Tenneco Inc., Philips, EYE lighting International, Chicago Miniature Lighting; Panasonic, Eiko Ltd, Opple Lighting, Toshiba, and SYSKA LED.

These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Lamps Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lamps Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Lamps Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Lamps Market - Supply Chain
  4.5. Global Lamps Market Forecast
     4.5.1. Lamps Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Lamps Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Lamps Market Absolute $ Opportunity
5. Global Lamps Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Lamps Market Size and Volume Forecast by Applications
     5.3.1. Commercial Residential
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Lamps Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Lamps Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Lamps Demand Share Forecast, 2019-2026
7. North America Lamps Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Lamps Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Lamps Market Size and Volume Forecast by Applications
     7.4.1. Commercial Residential
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Lamps Demand Share Forecast, 2019-2026
8. Latin America Lamps Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Lamps Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Lamps Market Size and Volume Forecast by Applications
     8.4.1. Commercial Residential
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Lamps Demand Share Forecast, 2019-2026
9. Europe Lamps Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Lamps Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Lamps Market Size and Volume Forecast by Applications
     9.4.1. Commercial Residential
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Lamps Demand Share Forecast, 2019-2026
10. Asia Pacific Lamps Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Lamps Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Lamps Market Size and Volume Forecast by Applications
     10.4.1. Commercial Residential
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Lamps Demand Share Forecast, 2019-2026
11. Middle East & Africa Lamps Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Lamps Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Lamps Market Size and Volume Forecast by Applications
     11.4.1. Commercial Residential
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Lamps Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Lamps Market: Market Share Analysis
  12.2. Lamps Distributors and Customers
  12.3. Lamps Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. OSRAM Lighting
     12.4.2. Tenneco Inc.
     12.4.3. Philips
     12.4.4. EYE lighting International
     12.4.5. Chicago Miniature Lighting
     12.4.6. Panasonic
     12.4.7. Eiko Ltd
     12.4.8. Opple Lighting
     12.4.9. Toshiba
     12.4.10. SYSKA LED

Methodology

Our Clients

Deloitte
Nestle SA
General Electric
Honda Motor Co. Ltd.
Pfizer
FedEx Logistics
sinopec
General Mills