Lamps & Lighting - Australia | Statista Market Forecast

In Australia, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$1.40bn.
It is projected that the market will experience an annual growth rate of 5.22% (CAGR 2024-2029).
When compared to the global market, United States generates the highest revenue, amounting to US$32bn in 2024.
In terms of per person revenues, in Australia generates US$52.27 in 2024.
Australia's growing focus on sustainable and energy-efficient lighting solutions has led to an increase in demand for LED lamps.

Definition:

The Lamps & Lighting segment covers different types of lamps and lights found inside buildings to provide light to carry out activities. This segment includes table and floor lamps, chandeliers, ceiling lights as well as other lamps and light fittings commonly found indoors. Candles, consumer electronics, and household appliances are not included in this segment.

Structure:

The Lamps & Lighting segment is divided into three subsegments:

The Table & Floor Lamps subsegment covers lighting fixtures designed to provide task or ambient lighting to indoor spaces. These lamps typically consist of a base, a stem, and a lampshade and contribute to the overall decor of a room while providing functional lighting.
The Ceiling Lights & Chandeliers subsegment refers to lighting fixtures that are mounted on ceilings to provide ambient lighting. These fixtures range from simple to elaborate lighting fixtures and are available in a variety of styles, sizes, and materials to suit different interior design tastes.
The Light Bulbs and Fittings subsegment includes products such as light bulbs, sockets, and other accessories used to provide and control lighting in indoor spaces.

Additional Information:

The Lamps & Lighting segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Chandeliers, wall, and ceiling lights
Standing lamps
Decoration lighting such as Christmas tree lighting
Light bulbs and fittings

Candles
Consumer electronics
Household appliances

The Lamps & Lighting market in Australia has experienced significant growth in recent years, driven by customer preferences for energy-efficient and aesthetically pleasing lighting solutions. With a focus on sustainability and innovation, the market has witnessed a surge in demand for led lighting products, as well as smart lighting systems that offer convenience and energy savings. Additionally, local special circumstances, such as government initiatives and regulations, have played a crucial role in shaping the market landscape.

Customer preferences: in the Australian Lamps & Lighting market have shifted towards energy-efficient solutions in recent years. As consumers become more conscious of their environmental impact, they are opting for led lighting products that offer significant energy savings compared to traditional incandescent bulbs. led lights also have a longer lifespan, reducing the need for frequent replacements. Moreover, customers are increasingly looking for lighting solutions that enhance the aesthetics of their homes or commercial spaces. This has led to a growing demand for decorative and designer lighting fixtures, which offer both functionality and style. Trends in the Australian Lamps & Lighting market reflect the global shift towards smart technology. Smart lighting systems, which can be controlled remotely through smartphones or voice assistants, have gained popularity among consumers. These systems offer convenience, allowing users to adjust lighting settings, create schedules, and even integrate with other smart home devices. The ability to customize lighting according to personal preferences and create different lighting moods has been a key driver of the market. Additionally, the integration of smart lighting with energy management systems has further enhanced energy efficiency, appealing to environmentally conscious consumers.

Local special circumstances: in Australia have contributed to the development of the Lamps & Lighting market. The government has implemented various initiatives to promote energy efficiency and reduce greenhouse gas emissions. This includes the phase-out of inefficient lighting products, such as incandescent bulbs, and the introduction of energy efficiency labeling schemes. These regulations have encouraged consumers to switch to more energy-efficient lighting solutions, driving the demand for led products. Furthermore, the Australian market has seen a rise in sustainable building practices, with a focus on green certifications and energy-efficient lighting design. This has created opportunities for lighting manufacturers and suppliers to offer innovative solutions that meet the sustainability requirements of the construction industry. Underlying macroeconomic factors have also influenced the growth of the Lamps & Lighting market in Australia. The country's strong economic performance and high disposable income levels have contributed to increased consumer spending on home improvement and renovation projects. As lighting is an essential component of interior design, consumers are willing to invest in high-quality and aesthetically pleasing lighting fixtures. Additionally, the growing urbanization and population growth in major cities have led to a surge in construction activities, creating a demand for lighting products in both residential and commercial sectors. In conclusion, the Lamps & Lighting market in Australia is experiencing growth driven by customer preferences for energy-efficient and aesthetically pleasing lighting solutions. led lighting products and smart lighting systems have gained popularity, offering energy savings and customization options. Local special circumstances, such as government initiatives and sustainable building practices, have further shaped the market. The

Underlying macroeconomic factors: including strong economic performance and urbanization, have also contributed to the market's development.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.