Table And Floor Lamps Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.20 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Table And Floor Lamps Market Analysis
The Lamps and Lighting Market has generated a revenue of USD 6 billion in the current year and is poised to register a CAGR of greater than 3.2% during the forecast period.
The table and floor lamps market is a segment of the lighting industry that has been growing steadily over the years. These types of lamps are popular for their ability to provide both functional and decorative lighting in a variety of settings, including homes, offices, hotels, restaurants, and retail spaces.
One of the major trends in the table and floor lamps market is the increasing demand for LED lamps, which are highly energy-efficient and long-lasting compared to traditional incandescent bulbs. This trend is expected to continue as consumers become more environmentally conscious and seek out energy-efficient lighting solutions.
In terms of geography, North America and Europe are the largest markets for table and floor lamps due in part to the high level of consumer awareness and demand for energy-efficient lighting solutions in these regions. However, the Asia-Pacific region is expected to experience the highest growth rate in the coming years, driven by increasing urbanization and rising disposable incomes in countries such as China and India.
The table and floor lamps market did well post-COVID-19. With more people spending time at home, there was an increased demand for home decor and lighting. Many people looked for stylish and functional lamps to enhance their living space.
Table And Floor Lamps Market Trends
Hospitality and Commercial Sector is Driving the Market
The hospitality and commercial sectors play a significant role in driving the table and floor lamps market. These sectors have a high demand for lighting solutions due to their extensive use of indoor spaces such as hotels, restaurants, offices, and retail stores. The hospitality and commercial sectors prioritize creating a pleasant and inviting environment for their customers or clients. Lighting plays a crucial role in interior design and setting the right ambiance. Table and floor lamps are versatile lighting options that can be used to enhance aesthetics and create a welcoming atmosphere in various settings.
Table and floor lamps provide task lighting and accent lighting in hospitality and commercial spaces. They are often used to illuminate specific areas such as reception desks, workstations, seating areas, and display sections. These lamps offer flexibility in terms of positioning and adjusting the direction of light, allowing businesses to cater to specific lighting needs.
Many businesses in the hospitality and commercial sectors focus on creating a unique brand identity and style. Table and floor lamps come in a wide range of designs, styles, and finishes, making them ideal for aligning with the overall branding and decor theme of a space. They can be customized to match the aesthetics of a hotel, restaurant, or retail store, adding to the overall visual appeal.
United States is Dominating the Market
The United States has a large population and a strong consumer culture. Many households and businesses in the country prioritize aesthetics and interior design, leading to a consistent demand for table and floor lamps as decorative and functional lighting solutions. The United States experiences evolving home furnishing and interior design trends. Table and floor lamps play a crucial role in enhancing the overall ambiance and style of living space. As design preferences change, consumers often seek new and innovative lighting options, driving the demand for table and floor lamps.
The United States has a thriving home renovation and remodeling industry. Many homeowners undertake renovation projects to update their living spaces, and lighting fixtures, including table and floor lamps, are often part of these projects. The desire to create modern, stylish, and energy-efficient homes contributes to the demand for new lighting solutions.
The United States is known for its innovation and technological advancements. The lighting industry has seen significant developments in recent years, such as the adoption of LED technology. LED-based table and floor lamps offer energy efficiency, durability, and versatility, making them popular choices among consumers. The United States, with its emphasis on technological advancements, contributes to the adoption and demand for such lighting solutions.
Table And Floor Lamps Industry Overview
The table and floor lamps market is fragmented with many players. The report covers the major international players operating in the table and floor lamps market. Regarding market share, some of the major players that currently dominate the market are Signify, Artemide, Floyd, Herman Miller, and Inter IKEA. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.
Table And Floor Lamps Market Leaders
-
Signify
-
Artemide
-
Flod
-
Herman Miller
-
IKEA
*Disclaimer: Major Players sorted in no particular order
Table And Floor Lamps Market News
- April 2023: Xiaomi launched the MIJIA multifunctional and rechargeable desk lamp equipped with a 2000mAh lithium battery and a 360-degree adjustability feature. The vertical desk lamp can also be used as a clamp lamp or flashlight with its magnetic suction design.
- March 2023: IKEA announced a partnership with nonprofit organization Little Sun to release the SAMMANLÄNKAD collection comprising 2 solar-powered LED lamps: a table lamp and a smaller portable lamp.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Interior Trends is Driving the Market Growth
4.2.2 Growing Real Estate and Construction Industry
4.3 Market Restraints
4.3.1 Price Sensitivity is Restraining the Market
4.4 Market Opportunities
4.4.1 Smart Lighting Integration
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Table Lamps
5.1.2 Floor Lamps
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Signify
6.2.2 Artemide
6.2.3 Flod
6.2.4 Herman Miller
6.2.5 IKEA
6.2.6 Moooi
6.2.7 Foscarini
6.2.8 Kartell
6.2.9 Louis Poulsen
6.2.10 Tom Dixon*
- *List Not Exhaustive
7. FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Table And Floor Lamps Industry Segmentation
A floor Lamp is a tall lamp that stands on the floor, and a Table Lamp is a small lamp designed to stand on a table. A complete background analysis of the Table and Floor Lamps Market, which includes an assessment of the economy and the contribution of sectors in the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, and market dynamics, are covered in the report. The Table And Floor Lamps Market is Segmented By Product Type (Table Lamps and Floor Lamps), By Application (Residential and Commercial), and By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The report offers market size and values in (USD) during the forecast period for the above segments.
| By Product Type | |
| Table Lamps | |
| Floor Lamps |
| By Application | |
| Residential | |
| Commercial |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Frequently Asked Questions
What is the current Table And Floor Lamps Market size?
The Table And Floor Lamps Market is projected to register a CAGR of greater than 3.20% during the forecast period (2024-2029)
Who are the key players in Table And Floor Lamps Market?
Signify, Artemide, Flod, Herman Miller and IKEA are the major companies operating in the Table And Floor Lamps Market.
Which is the fastest growing region in Table And Floor Lamps Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Table And Floor Lamps Market?
In 2024, the Europe accounts for the largest market share in Table And Floor Lamps Market.
What years does this Table And Floor Lamps Market cover?
The report covers the Table And Floor Lamps Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Table And Floor Lamps Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Table And Floor Lamps Industry Report
Statistics for the 2024 Table And Floor Lamps market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Table And Floor Lamps analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
