Who are the key players in Decorative Lighting Market?

Acuity Brands Lighting, Inc., Generation Lighting, Maxim Lighting, General Electric Company and Juno Lighting, LLC are the major companies operating in the Decorative Lighting Market. Read More

Which is the fastest growing region in Decorative Lighting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Decorative Lighting Market?

In 2024, the North America accounts for the largest market share in Decorative Lighting Market. Read More

What years does this Decorative Lighting Market cover, and what was the market size in 2023?

In 2023, the Decorative Lighting Market size was estimated at USD 105.93 billion. The report covers the Decorative Lighting Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Decorative Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Decorative Lighting Market Size

Market Size of Decorative Lighting Industry

Study Period	2020 - 2029
Market Size (2024)	USD 113.08 Billion
Market Size (2029)	USD 156.74 Billion
CAGR (2024 - 2029)	6.75 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Decorative Lighting Market Analysis

The Decorative Lighting Market size is estimated at USD 113.08 billion in 2024, and is expected to reach USD 156.74 billion by 2029, growing at a CAGR of 6.75% during the forecast period (2024-2029).

The decorative lighting market is driven by the use of lighting that sets the ambiance of the room and is expected to promote the use of various lighting fixtures. These lights manipulate the actual size of the room by creating a visually dynamic space. Along with this, appropriate lighting and fixture give a pleasant look to a space.

Producers in the market are constantly innovating in terms of functionality, design, color, etc. Modern décor, when chosen wisely, complements the floor, wall, and furniture, and thus, gives a warm, inviting, and functional space. Other factors that are driving the growth of the market are social media and web series on home décor for consumers.
Fixtures come in various shapes, sizes, designs, colors, and materials. Colors that complement the wall and furniture are preferred. Fiber fixtures are commonly preferred in the market but the demand for ceramic, glass, bamboo, carved wood, the fabric is also growing. Recent innovations in the market include smart lighting solutions concentrated on IoT, smart lighting systems, XLamp XP-G3 Royal Blue LED, ceiling fans with light kits, etc.
Decorative lights find their applications in wide areas, including shops, restaurants, homes, spas, malls, libraries, etc. These lights have been gaining popularity from a large number of designers, such as Erica Reitman, Amy Storm, Lisa Abeln, Anissa Zajac, Kristina Lynne, Lea Johnson, and Anne Sage, who then experiment with the style of these lights to create aesthetic ambiance.

Decorative Lighting Industry Segmentation

The decorative lighting market report focuses on the market dynamics, trends, and demand of the decorative lighting in the market. The report offers an in-depth analysis of the key trends, segments, opportunities, and factors that are driving the market. Additionally, the key profiles of the major players in the global market are provided in detail.

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Decorative Lighting Market Size Summary

The decorative lighting market is poised for significant growth, driven by the increasing demand for lighting solutions that enhance the ambiance of spaces. This market is characterized by a diverse range of fixtures that manipulate the perception of room size and create visually dynamic environments. The ongoing innovation in functionality, design, and smart technology integration, such as IoT-enabled lighting systems, is further propelling market expansion. The popularity of decorative lighting is also bolstered by social media influences and the growing trend of home d√©cor shows, which inspire consumers to invest in aesthetically pleasing and functional lighting solutions. The market's fragmentation is evident with numerous global and regional players introducing advanced products, including LED-based fixtures that offer energy efficiency and environmental benefits.

Regionally, North America has historically held a substantial share of the market, with widespread access to electricity facilitating the adoption of innovative lighting solutions. Meanwhile, the Asia-Pacific region is emerging as a promising market due to rapid urbanization and population growth in countries like China and India. The development of tourist destinations and increased investments in hospitality sectors in these regions are expected to drive demand for decorative lighting. The market's growth is further supported by the shift from traditional lighting sources to more sustainable options, such as LED filament lights, which align with global regulatory efforts to conserve resources. As manufacturers continue to leverage artificial intelligence and smart technologies, the market is set to witness further advancements in product offerings, catering to the evolving preferences of consumers.

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Decorative Lighting Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Value Chain Analysis
5. 1.5 Porter's Five Forces Analysis
  1. 1.5.1 Threat of New Entrants
  2. 1.5.2 Bargaining Power of Buyers/Consumers
  3. 1.5.3 Bargaining Power of Suppliers
  4. 1.5.4 Threat of Substitute Products
  5. 1.5.5 Intensity of Competitive Rivalry
6. 1.6 Insights into Consumer Purchasing Behaviour in the Market
7. 1.7 Insights into Exports and Imports Trends in the Market
8. 1.8 Insights into Different Types of Lighting Products (Sconce, Flush Mount, etc.)
9. 1.9 Government Regulations in the Market
10. 1.10 Technological Disruption in the Market
2. MARKET SEGMENTATION
1. 2.1 By Light Source
  1. 2.1.1 LED
  2. 2.1.2 Fluroscent
  3. 2.1.3 Incandescent
  4. 2.1.4 Other Light Sources
2. 2.2 By Product
  1. 2.2.1 Ceiling
  2. 2.2.2 Wall Mounted
  3. 2.2.3 Other Products
3. 2.3 By End Use
  1. 2.3.1 Commercial
  2. 2.3.2 Household
4. 2.4 By Distribution Channel
  1. 2.4.1 Offline (Hypermarkets, Supermarkets, Specialty Stores, etc.)
  2. 2.4.2 Online
5. 2.5 By Geography
  1. 2.5.1 North America
  2. 2.5.2 Europe
  3. 2.5.3 Asia-Pacific
  4. 2.5.4 Latin America
  5. 2.5.5 Middle-East and Africa