Global Decorative Lighting Market by Product (Sconce, Flush Mount), by Application (Commercial, Household) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global decorative lighting market was worth USD 34.6 billion. The role of decorative lighting fixtures in setting the ambience of a room will be recognized more often. By creating a dynamic space, the radiance of a room can alter our perceptions of its size. The right lighting fixtures can also help to create a sense of visual appeal in the room. Modern decor considers decorative lighting fixtures to be a seamless blend of style and functionality. When used strategically, modern decor can complement the wall, floor and furniture colors and create a welcoming, functional space.

Living space decor has always been seen as a reflection of the owner. The decor speaks volumes about the owner's taste, personality, and well-being. The key to achieving these attributes is decorative lighting. The shift in the emphasis of popular designers to decorative lighting has simplified their use in homes, shops and malls, libraries, hotels, hospitals, spas, parlors, restaurants and washrooms. Erica Reitman and Amy Storm, Kristina Lynne and Lea Johnson are just a few of the well-known designers who enjoy experimenting with lighting design to create the perfect atmosphere.

Manufacturers are responding to the increasing demand for decorative lighting by innovating products that combine style and function. Ceiling fans With light kits, these are some of the latest innovations that have attracted consumers' attention. It is suitable for rooms with a height greater than 8 feet. The light kit and fan can be used independently, so you can use one of them. To meet the needs of buyers, the light kit can be customized in its shape, size and structure. A buyer can also customize the product with different forms, such as globe assemblies, chandelier-style, or three-arm downlight assembly, or both.

Due to increasing popularity of home decor websites and social media influencers, the demand for various types of decorative lighting fixtures is on the rise. There are many options for fixtures in a variety of sizes, colors and materials. While fiber fixtures are most popular, there is a growing demand for glass, ceramics, bamboo, carved wooden, and fabric fixtures. You can also choose colors that match the wall or furniture. Because of their elegant appearance and ease of cleaning, ceramic and glass materials are extremely popular. The size of the product is another important aspect that influences the purchase decision. A fixture shouldn't be too large to overpower other areas of the room, or make it appear congested. It also shouldn't be too small to go unnoticed or fail its purpose.

Product Insights

Sconce dominated the market, accounting for more than 35.0% of its total market share in 2018. Its ability to provide accent, ambient and decorative lighting is responsible for the market's growth. It can lighten up dark hallways or highlight walls with special decorations. There are many models available, depending on the style of the buyer, including contemporary, transitional and traditional, classic, luxurious, crystal, rustic, vintage, and luxury.

Flushed mount products will grow at a 3.8% CAGR between 2019 and 2025. Because they are easy to incorporate in bold and sophisticated style statements, this is possible. These decorative lightings can be found in simple designs and serve the sole purpose of illuminating the home. You can also choose from sophisticated, chic designs to be the focal point of the space. Depending on the size of your room, they can be anywhere from 6 to 24 inches in length. They are very versatile and have been widely adopted. They are suitable for both formal and casual settings, with high and low ceilings. These flush-mount decorative lights can be found in the bedroom, bathroom and dining rooms, hallways, foyer, kitchen, pantry, office, living area, and garage.

Application Insights

In 2018, the commercial application segment held the largest share, exceeding 70.0%. Lighting plays an important role in creating the right atmosphere in restaurants, bars, pubs, hotels, shopping malls, libraries, museums, and other public spaces. To enhance customer experience, decorative lighting is a popular trend. Pubs and restaurants are a great place to gather friends and family. Decorative lighting should be bright and cheerful. Shopping malls are no longer just a place to buy things. They have become a gathering spot for family and friends and a entertainment venue. For creating an engaging and welcoming environment, decorative lighting is essential.

From 2019 to 2025, the household application market is expected to grow at a 3.7% CAGR. The demand for attractively designed houses, regardless of their size, is driving household applications of these products to increase. Decorative lighting is used by interior decorators to solve dual purposes. It can be used to improve functionality and add decoration to the room.

Light Source Insights

In 2018, LED-sourced decorative lightings represented a greater share than 45.0%. This segment's growth is due to the support provided by governments around the world through their regulatory policies. These products are extremely energy efficient, producing 135 lumens per watt. This is far more than other alternatives. These products can also save 90% on electricity. They are also known for their long life span. These products can be used for over 50,000 hours if they are maintained properly. Sometimes, it can even last more than 100,000 hours. They are non-mercury-free and therefore environmentally friendly.

LEDs are safer to use than traditional light sources because they don't emit heat forward. LED-sourced decorative lighting can also be controlled in order to create the right atmosphere. LED source products are the preferred choice for both customers and manufacturers when it comes to smart decorative lighting.

Regional Insights

North America was the largest, accounting for over 35.0% of global revenue in 2018. The availability of electricity in every household in the U.S., Canada and Mexico is crucial for the adoption of innovative lighting designs. In 2018, the U.S. alone had 116,108 malls. To create a welcoming environment, the majority of malls spend a lot on decorative lighting. According to the American Hotel & Lodging Association (AHA), 54,200+ hotel properties were recorded in the United States. To create a rich experience for their residents, hotels use decorative lighting.

Asia Pacific will be the fastest growing market. It is expected to grow at a 4.1% CAGR from 2019 to 2025. A large number of customers are looking for decorative lighting due to their growing population and rapid urbanization in countries like the Philippines, India, Sri Lanka and Bangladesh. Most South Asian countries are now considered decent vacation destinations, leading to an increase in the number of restaurants and hotels. This will increase the possibilities for decorative lighting.

Insights on the Decorative Lighting Market

Acuity (Signify), Philips (Home Depot), Hubbell, Generation Brands and Juno are some of the major players in the market. Manufacturers are keen to invent new products that are smart and compatible with artificial intelligence. Swarovski, for example, launched smart pendant light pendants with chandeliers in July 2018. A mobile app allows you to control the multifunctional piece. You can use it as a light source for reading, writing, and other similar tasks. You can adjust the intensity of the light using the app to suit your desired ambiance.

Market Report Scope for Decorative Lighting

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including the country, regional and global. It also provides analysis of industry trends and potential opportunities for each sub-segment from 2015 to 2025. Grand View Research has divided the global decorative lighting market report by product, light source and application.

• Product Outlook (Revenue USD Million, 2015-2025)

  • Chandeliers

  • Pendants

  • Sconce

  • Flush Mount

  • Other

• Light Source Outlook (Revenue USD Million, 2015-2025)

  • LED

  • Fluorescent

  • Incandescent

  • Other

• Application Outlook (Revenue USD Million, 2015-2025)

  • Commercial

  • Household

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. The global decorative lighting market was valued at USD 35,651.2 millions in 2019, and is projected to grow to USD 36,768.1 in 2020.

b. The global decorative lighting market will grow at a compound annual rate of 3.1% between 2019 and 2025, to reach USD 42.900.0 million in 2025.

b. With a 37.2% share in 2019, North America dominated the global decorative light market. This is due to the fact that most malls and hospitality venues heavily invest in decorative lighting to create a welcoming environment.

b. Acuity, Philips (Signify), Home Depot and Hubbell are some of the key players in the global decorative light market.

b. The market for decorative lighting is growing due to increasing awareness of its role in setting up the ambience of a room. This has led to some popular designers shifting their focus towards decorative lighting. They can now be used in shops, malls and libraries as well as in homes, hotels, restaurants, bars, and spas.

Up Market Research published a new report titled “Decorative Lighting Market research report which is segmented by Product (Sconce, Flush Mount), by Application (Commercial, Household), By Players/Companies GE Lighting, Generation Brands, Amerlux, AZZ, Philips (Signify), Osram, Cree, Home Depot, ETC, Intense, Acuity, Juno, Hubbell, Littmann, Columbia, LSI, Lowe’s”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Decorative Lighting Market Report Segments:

The market is segmented by Product (Sconce, Flush Mount), by Application (Commercial, Household).

Decorative Lighting Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Decorative Lighting Market

Overview of the regional outlook of the Decorative Lighting Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Decorative Lighting Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Decorative Lighting Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Sconce

                2. Flush Mount

                1. Commercial

                2. Household

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Decorative Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Decorative Lighting Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.