Residential, Commercial and Industrial Lighting Fixture Market

The global market for residential, commercial, and industrial lighting fixtures is projected to show growth over the next eight years, with an anticipated CAGR of +2.3% from 2022 to 2030. In 2022, global consumption reached 2.4B units, with the United States leading as the largest consumer. Production peaked in 2021 at 159M units, while imports surged by 27% in the same year. China stands as the largest exporter of lighting fixtures, with chandeliers being the most exported product. The market is expected to see continued growth in the near future.

Market Forecast

Driven by increasing demand for residential, commercial and industrial lighting fixture worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 2.9B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $67.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Residential, Commercial and Industrial Lighting Fixture

In 2022, global consumption of residential, commercial and industrial lighting fixture expanded to 2.4B units, surging by 2.1% against the year before. Overall, consumption saw a prominent expansion. Over the period under review, global consumption of attained the maximum volume in 2022 and is expected to retain growth in the immediate term.

The size of the market for residential, commercial and industrial lighting fixture worldwide rose significantly to $52.9B in 2022, picking up by 7.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a remarkable increase. Over the period under review, the global market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Consumption By Country

The United States (624M units) remains the largest residential, commercial and industrial lighting fixture consuming country worldwide, comprising approx. 26% of total volume. Moreover, consumption of residential, commercial and industrial lighting fixture in the United States exceeded the figures recorded by the second-largest consumer, Germany (194M units), threefold. France (129M units) ranked third in terms of total consumption with a 5.4% share.

In the United States, consumption of residential, commercial and industrial lighting fixture increased at an average annual rate of +21.6% over the period from 2012-2021. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (+19.9% per year) and France (+19.7% per year).

In value terms, the United States ($9.2B) led the market, alone. The second position in the ranking was taken by Russia ($3B). It was followed by Germany.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +14.1%. In the other countries, the average annual rates were as follows: Russia (+13.5% per year) and Germany (+12.0% per year).

The countries with the highest levels of residential, commercial and industrial lighting fixture per capita consumption in 2021 were Austria (6.8 units per person), the Netherlands (5.1 units per person) and Germany (2.3 units per person).

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +31.9%), while fixture for the other global leaders experienced more modest paces of growth.

Consumption By Type

Chandeliers (3.8B units) constituted the product with the largest volume of consumption, comprising approx. 91% of total volume. Moreover, chandeliers exceeded the figures recorded for the second-largest type, electric table, desk, bedside or floor standing lamp (357M units), more than tenfold.

From 2012 to 2022, the average annual growth rate of the volume of chandeliers consumption amounted to +4.0%.

In value terms, chandeliers ($56.1B) led the market, alone. The second position in the ranking was held by electric table, desk, bedside or floor standing lamp ($7.5B).

For chandeliers, market expanded at an average annual rate of +3.9% over the period from 2012-2022.

Production

World Production of Residential, Commercial and Industrial Lighting Fixture

In 2021, global production of residential, commercial and industrial lighting fixture surged to 159M units, jumping by 21% against the previous year. Overall, production showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 458%. Over the period under review, global production of attained the maximum volume in 2021 and is likely to continue growth in the near future.

In value terms, production of residential, commercial and industrial lighting fixture dropped to $17.8B in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, global production of hit record highs at $19.7B in 2020, and then contracted in the following year.

Production By Country

The country with the largest volume of production of residential, commercial and industrial lighting fixture was China (83M units), accounting for 52% of total volume. Moreover, production of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest producer, Turkey (33M units), threefold. The third position in this ranking was taken by Russia (28M units), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume in China stood at +1,989.0%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+472.3% per year) and Russia (+3.3% per year).

Production By Type

Chandeliers (2.9B units) constituted the product with the largest volume of production, accounting for 98% of total volume. It was followed by electric table, desk, bedside or floor standing lamp (55M units), with a 1.8% share of total production.

For chandeliers, production expanded at an average annual rate of +2.0% over the period from 2012-2022.

In value terms, chandeliers ($50.4B) led the market, alone. The second position in the ranking was taken by electric table, desk, bedside or floor standing lamp ($3B).

For chandeliers, production increased at an average annual rate of +3.3% over the period from 2012-2022.

Imports

World Imports of Residential, Commercial and Industrial Lighting Fixture

In 2021, approx. 2.4B units of residential, commercial and industrial lighting fixture were imported worldwide; picking up by 27% compared with the previous year. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 145% against the previous year. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $22.3B in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

The United States was the main importing country with an import of around 626M units, which recorded 27% of total imports. Germany (196M units) took the second position in the ranking, followed by France (130M units). All these countries together took near 14% share of total imports. The UK (100M units), the Netherlands (93M units), Canada (89M units), Spain (63M units), Austria (62M units), Russia (62M units), Poland (62M units), Australia (60M units), Italy (54M units) and Japan (51M units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +21.6% from 2012 to 2021. At the same time, Poland (+32.3%), the Netherlands (+25.6%), Spain (+23.3%), Austria (+20.6%), Italy (+20.3%), Germany (+20.0%), France (+19.8%), Australia (+19.5%), Canada (+18.5%), the UK (+18.5%), Russia (+18.4%) and Japan (+11.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +32.3% from 2012-2021. While the share of the United States (+2.6 p.p.) and Poland (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($5.5B) constitutes the largest market for imported residential, commercial and industrial lighting fixture worldwide, comprising 25% of global imports. The second position in the ranking was taken by Germany ($1.9B), with an 8.5% share of global imports. It was followed by France, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and France (+4.7% per year).

Imports By Type

Chandeliers represented the largest type of residential, commercial and industrial lighting fixture in the world, with the volume of imports amounting to 1.3B units, which was approx. 78% of total imports in 2022. It was distantly followed by electric table, desk, bedside or floor standing lamp (353M units), mixing up a 22% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chandeliers imports of stood at +3.3%. At the same time, electric table, desk, bedside or floor standing lamp (+9.0%) displayed positive paces of growth. Moreover, electric table, desk, bedside or floor standing lamp emerged as the fastest-growing type imported in the world, with a CAGR of +9.0% from 2012-2022. Electric table, desk, bedside or floor standing lamp (+7.8 p.p.) significantly strengthened its position in terms of the global imports, while chandeliers saw its share reduced by -7.8% from 2012 to 2022, respectively.

In value terms, chandeliers ($16.6B) constitutes the largest type of residential, commercial and industrial lighting fixture imported worldwide, comprising 83% of global imports. The second position in the ranking was taken by electric table, desk, bedside or floor standing lamp ($3.5B), with a 17% share of global imports.

From 2012 to 2022, the average annual growth rate of the value of chandeliers imports stood at +3.2%.

Import Prices By Type

In 2022, the average import price for residential, commercial and industrial lighting fixture amounted to less than $0.1 per unit, reducing by 99.9% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure at $36 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major imported products. In 2022, the product with the highest price was chandeliers ($13 per unit), while the price for electric table, desk, bedside or floor standing lamp amounted to $9.9 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by chandelier (-0.0%).

Import Prices By Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $9.5 per unit, shrinking by -3.8% against the previous year. Over the period under review, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 44%. Global import price peaked at $36 per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the UK ($9.8 per unit) and the Netherlands ($9.7 per unit), while the United States ($8.8 per unit) and Austria ($9.5 per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-11.6%), while the other global leaders experienced a decline in the import price figures.

Exports

Exports By Country

China prevails in fixture structure, amounting to 84M units, which was approx. 67% of total exports in 2021. Germany (5.3M units), Italy (4.1M units), Mexico (4M units), the Netherlands (2.8M units), Poland (2.6M units), Austria (2.3M units) and the United States (2M units) took a little share of total exports.

China was also the fastest-growing in terms of the residential, commercial and industrial lighting fixture exports, with a CAGR of +13.6% from 2020 to 2021. At the same time, Poland (+7.7%) and the Netherlands (+6.7%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, the United States (-4.3%), Germany (-6.5%), Austria (-17.9%) and Mexico (-23.1%) illustrated a downward trend over the same period. From 2020 to 2021, the share of China increased by +4.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($18.8B) remains the largest residential, commercial and industrial lighting fixture supplier worldwide, comprising 63% of global exports. The second position in the ranking was taken by Germany ($1.4B), with a 4.6% share of global exports. It was followed by Mexico, with a 4.5% share.

From 2020 to 2021, the average annual rate of growth in terms of value in China amounted to +32.5%. In the other countries, the average annual rates were as follows: Germany (+13.9% per year) and Mexico (+3.2% per year).

Exports By Type

Chandeliers was the key exported product with an export of around 391M units, which accounted for 88% of total exports. It was distantly followed by electric table, desk, bedside or floor standing lamp (51M units), committing a 12% share of total exports.

Exports of chandeliers decreased at an average annual rate of -6.3% from 2012 to 2022. At the same time, electric table, desk, bedside or floor standing lamp (+7.1%) displayed positive paces of growth. Moreover, electric table, desk, bedside or floor standing lamp emerged as the fastest-growing type exported in the world, with a CAGR of +7.1% from 2012-2022. Electric table, desk, bedside or floor standing lamp (+12 p.p.) significantly strengthened its position in terms of the global exports, while chandeliers saw its share reduced by -11.6% from 2012 to 2022, respectively.

In value terms, the largest types of exported residential, commercial and industrial lighting fixture were chandeliers ($9.1B) and electric table, desk, bedside or floor standing lamp ($8B).

In terms of the main exported products, electric table, desk, bedside or floor standing lamp, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices By Type

In 2022, the average export price for residential, commercial and industrial lighting fixture amounted to less than $0.1 per unit, shrinking by 99.9% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 19%. As a result, the export price attained the peak level of $242 per unit, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was electric table, desk, bedside or floor standing lamp ($156 per unit), while the average price for exports of chandeliers totaled $23 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by table, bedside and floor lamp (+12.2%).

Export Prices By Country

In 2021, the average export price for residential, commercial and industrial lighting fixture amounted to $242 per unit, increasing by 19% against the previous year. Over the last one years, it increased at an average annual rate of +18.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($338 per unit), while China ($224 per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+34.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform