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Europe Decorative Lighting Market Size (2024 - 2029)

The Europe Decorative Lighting Market is experiencing growth driven by the increasing adoption of energy-efficient LED lighting and the "home sweet home" trend, which enhances room ambiance. The market size is influenced by economic conditions, with consumer spending on non-essential items like decorative lighting fluctuating based on economic stability. Companies are responding to consumer demands by launching innovative products that focus on design and energy efficiency. However, the market has faced challenges due to the COVID-19 pandemic, which has led to a decline in the performance of discretionary products, including decorative lighting.

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Market Size of Europe Decorative Lighting Industry

Europe Decorative Lighting Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 2.80 %
Market Concentration Low

Major Players

Europe Decorative Lighting Market Key Players

*Disclaimer: Major Players sorted in no particular order

Europe Decorative Lighting Market Analysis

The Decorative Lighting Market in Europe is expected to reach a CAGR of 2.8% during the forecast period. The rising popularity of LED lighting as an energy-efficient and green solution drives new lighting concepts and lamp designs in the region. On top of that, the "home sweet home" trend is driving the market growth for decorative lighting to enhance room ambiance.

  • The industry is closely linked to economic conditions. When economic circumstances and prospects are dim, consumers postpone buying non-essential items or opt for cheaper ones. Conversely, when economic conditions are favorable, private consumption expenditure and purchases of non-essential home accessories surge.
  • Furthermore, companies in the region are launching new products to cater to consumer demands in design, energy efficiency, applications, and other functionalities. In August 2020, for instance, Osram semiconductor of Germany launched a new Synios S 2222 product series with a compact size, high brightness value, and wide color range of light source. The Synios S 2222 product line comes in six different colors, providing high-quality personalized lighting solutions for different application scenarios such as architectural lighting.
  • The home care and decor industry has been witnessing fluctuating growth since the spread of COVID 19 pandemic. As a result, there is a decline in overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. For instance, Frankfurt's Light + Building become the latest design fair to be postponed over coronavirus fears and took place in September 2020 instead of March 2020. The show, which describes itself as "the world's leading trade fair for lighting and building-services technology," was due to take place in the German city from 8 March to 13 March. Such delays and change in priorities at the consumer end in terms of area of expenditure has impacted the decorative lighting industry in Europe negatively.

Europe Decorative Lighting Industry Segmentation

The report complete background analysis of Europe's decorative lighting market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report.

By Lighting Type
LED
Fluorescent
Incandescent
Others
By Application
Commercial
Household
By Mount Type
Sconce
Flush Mount
Pendant
Others
By Distribution Channel
Specialty Light Stores
Lifestyle Retailers
Wholesale Stores
DIY
Online Retailing
By Country
Germany
France
Italy
Rest of Europe
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Europe Decorative Lighting Market Size Summary

The European decorative lighting market is experiencing a steady growth trajectory, driven by the increasing adoption of LED lighting solutions, which are favored for their energy efficiency and environmental benefits. The trend of enhancing home ambiance, often referred to as "home sweet home," is further propelling the demand for decorative lighting. Economic conditions play a significant role in this market, as favorable economic prospects encourage consumers to invest in non-essential home accessories, including decorative lighting. The market is characterized by a competitive landscape, with numerous global and regional players introducing innovative products to meet diverse consumer preferences. The integration of smart home technologies and IoT advancements is also contributing to the market's expansion, as consumers seek more sophisticated lighting control options for their residential spaces.

The market's growth is supported by various initiatives and regulatory measures aimed at promoting energy efficiency and sustainability. The European Union's Energy Efficiency Directive and the Housing Renovation Programme are examples of policies that encourage the use of energy-efficient lighting solutions, such as LEDs. Additionally, the COVID-19 pandemic has had a mixed impact, causing short-term declines in demand due to halted commercial construction activities, while also highlighting the importance of efficient lighting in residential and commercial settings. Companies are increasingly investing in research and development to enhance their product offerings, with a focus on smart and customizable lighting solutions. The market's future growth is expected to be bolstered by urbanization, construction activities, and the ongoing shift towards intelligent lighting systems across Europe.

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Europe Decorative Lighting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Stakeholder Analysis

    3. 1.3 Market Drivers

      1. 1.3.1 Major innovations in lighting design and trend towards premiumization expected to drive growth in Europe

      2. 1.3.2 Growing focus on energy-efficient ambient lighting and LED-based lights

    4. 1.4 Market Challenges

    5. 1.5 Market Opportunities (Ongoing innovations and integration with other energy sources)

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Buyers

      2. 1.6.2 Bargaining Power of Consumers

      3. 1.6.3 Threat if New Entry

      4. 1.6.4 Threat of Substitution

      5. 1.6.5 Level of Competitive Rivalry

    7. 1.7 Industry Standards & Regulations

    8. 1.8 Impact of COVID-19 on the demand for Decorative Lighting Market (Key themes covered include changing demand trends from commercial to residential| Growth in E-commerce based distribution channel, etc.)

    9. 1.9 PESTEL Analysis - Decorative Lighting in Europe

  2. 2. EUROPE DECORATIVE LIGHTING MARKET SEGMENTATION

    1. 2.1 By Lighting Type

      1. 2.1.1 LED

      2. 2.1.2 Fluorescent

      3. 2.1.3 Incandescent

      4. 2.1.4 Others

    2. 2.2 By Application

      1. 2.2.1 Commercial

      2. 2.2.2 Household

    3. 2.3 By Mount Type

      1. 2.3.1 Sconce

      2. 2.3.2 Flush Mount

      3. 2.3.3 Pendant

      4. 2.3.4 Others

    4. 2.4 By Distribution Channel

      1. 2.4.1 Specialty Light Stores

      2. 2.4.2 Lifestyle Retailers

      3. 2.4.3 Wholesale Stores

      4. 2.4.4 DIY

      5. 2.4.5 Online Retailing

    5. 2.5 By Country

      1. 2.5.1 Germany

      2. 2.5.2 France

      3. 2.5.3 Italy

      4. 2.5.4 Rest of Europe

Europe Decorative Lighting Market Size FAQs

The Europe Decorative Lighting Market is projected to register a CAGR of greater than 2.80% during the forecast period (2024-2029)

EGLO Leuchten GmbH, Philips (Signify Holding), General Electric, Hubbel Lighting​ and Acuity Brands Lighting​ are the major companies operating in the Europe Decorative Lighting Market.

Europe Decorative Lighting Market Report Snapshots

Europe Decorative Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)