Decorative Lighting Market

Decorative Lighting Market Size Survey Report – In a Glance

As per the survey report on global Decorative Lighting Market, the market is projected to foresee a CAGR of 3.2% between 2024-2033, and further generate a market size of USD 55.6 billion revenue by the end of 2033. In the year 2023, the market size was valued at USD 42.8 billion revenue.

• The global Decorative Lighting market is projected to grow on account of increasing demand for residential construction.
• In Japan, the expanding hospitality and retail industry can be attributed to the increased innovation in the Decorative Lighting market.
• KDMI analyst’s growth analysis foresees strong competition & price pressure to challenge the market growth.
• North America, having the highest market share in the Decorative Lighting Market, is projected to dominate the global market.

Decorative Lighting Market Analysis

Decorative lighting is considered the fourth coating of interior illumination for aesthetic purposes to add an enhanced touch of style and includes lighting fittings such as chandeliers, pendant lights and wall sconces. Lighting has an essential role in making an appealingly pleasing ambience in the home. It is concerned with lighting up some elements and the room space, producing contrast and adding pictorial interest. Residential lighting is light bulbs and fixtures in and around a residence, and it includes everything from outdoor pathway mushroom lights to the bedroom ceiling and kitchen dangling pendants. The growing demand for LED and aesthetical lighting in the residential sector is one of the significant growth drivers of the decorative lighting market size. Worldwide, residential LED sales have expanded considerably lately, increasing from 5% in 2013 to 50% in 2022. The worldwide housing sector, with the building of new residential units is anticipated to expand 2.1% yearly to 62.0 million units. Acuity Brands Lighting, Inc., Generation Lighting, and Maxim Lighting are significant manufacturers in the global market for Decorative Lighting.

Analyst’s Observation on Japan Decorative Lighting Market Survey

Lighting has great importance in the hospitality sector, setting the mood and tone, & impacting the way guests notice and interact with the ambience. Good decorative lighting is capable of evoking emotions, creating an environment, emphasizing main features and impacting guest conduct. Lights composed of lamps and lights are one of the hospitality lighting trends lately. 2023 has been a highlighting year for the hospitality or the hotel sector in Japan as the country has been awarded the top tourist destination worldwide for leisure and business travel. With the positive perception of the hospitality industry, investment proportion in the first quarter of 2024 surpassed the investment amount in the first quarter of 2023 by around 50%. In the retail sector, the decorative lights improve the store’s aesthetics and entice consumers. The retail sales of Japan expanded by 5.2% as of April 2023 compared to a 6.8% increase in the past month. The growing retail and hospitality sector of Japan is propelling the growth of the Japanese decorative lighting market size. Yamagiwa Global and Koizumi Lighting Technology Corporation are some of the significant manufacturers in the Japanese Decorative Lighting market.

Decorative Lighting Market Growth Driver

Impact of online podiums & social media:

Social media impacts home decorations by placing a wealth of inspiration at the fingertips, and there are five trending social media podiums impacting the decorative lighting market size. The Instagram Home on Instagram is well known for its aesthetically attractive content and has lived up to its status by showcasing famous interior trends which are visually inviting and appealing. Brown, warm terracotta and deep oranges are used in the AI imagery to generate an intimate atmosphere that radiates a Mediterranean field. This trend also denotes a move away from clean lines and cool tones that were famous lately. Among other social media platforms are TikTok Home, The X Home and Pinterest Home impacting the decorative lighting market size.

Decorative Lighting Market Segmentation

Our experts at KD Market Insights have segmented the global Decorative Lighting Market research report as:

Decorative Lighting Market Regional Synopsis

North America dominates the Decorative Lighting due to the expanding e-commerce sector of the region. The e-commerce sector of decorative lighting expanded to attain USD 90 billion, as per the CSIL assessment and the light fixtures weighed around 80% of the whole lighting market. With technological developments and an expanding emphasis on sustainability, the forthcoming days of decorative lighting in the United States appear bright and successful. The Illuminating Engineering Society of North America and the Next Generation Lighting Industry Alliance are planning to work with the United States Department of Energy Building Technologies Program to attain several goals such as advancing procedures for photometric measurements of LEDS, organic LEDs and laser diodes and any other semiconductor light bases of the future. Such technological advancements in the decorative lighting global market are one of the growth drivers of the North American market.

Regional Company Names

• Tower Lighting
• FPAV Electronics
• Lumenslp

Decorative Lighting Market Competitive Landscape

Some of the key players who top the global Decorative Lighting Market share:

• Acuity Brands Lighting, Inc.
• Generation Lighting
• Maxim Lighting
• General Electric Company
• Juno Lighting
• LLC
• Philips (Signify)
• Home Depot
• Hubbell
• Lowe’s

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Decorative Lighting Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Applications
      3. By Distribution Channel
      4. By Region
5. Market Segmentation by Type
   1. Indoor Lighting
   2. Outdoor Lighting
   3. LED Lighting
   4. Incandescent Lighting
   5. Fluorescent Lighting
   6. Others
6. Market Segmentation by Applications
   1. Residential
   2. Commercial
   3. Industrial
   4. Public Spaces
   5. Others
7. Market Segmentation by Distribution Channel
   1. Online Retail
   2. Offline Retail
   3. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Type, Application and Distribution Channel  
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application and Distribution Channel  
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Acuity Brands Lighting, Inc.
      2. Generation Lighting
      3. Maxim Lighting
      4. General Electric Company
      5. Juno Lighting
      6. LLC
      7. Philips (Signify)
      8. Home Depot
      9. Hubbell
      10. Lowe’s
      11. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References