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

Global Lamps Market

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Segments - 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

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Author :

Debadatta Patel

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PARTHA PAUL

Editor :

Aman Singh

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 Trends, Drivers, Restraints, and Opportunities:

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.

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.

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.

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 (000â€™ 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

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