Lamps & Lighting - GCC | Statista Market Forecast

In 2024, the revenue in the Lamps & Lighting market in the GCC amounts to US$1.62bn.
According to market projections, this segment is expected to grow annually by 1.19% (CAGR 2024-2029).
It is worth noting that in global comparison, United States generates the most revenue in this segment, reaching US$32bn in 2024.
When considering the total population figures, the per person revenue for the GCC is US$26.90 in 2024.
The demand for energy-efficient LED lamps in the GCC is rapidly increasing due to the region's focus on sustainability and reducing energy consumption.

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 GCC has been experiencing steady growth in recent years, driven by customer preferences for energy-efficient and stylish lighting solutions. With the increasing focus on sustainability and the growing demand for smart lighting systems, the market is expected to continue its upward trajectory.

Customer preferences: Customers in the GCC region are increasingly opting for energy-efficient lighting solutions, such as LED lamps and fixtures. This shift in preference can be attributed to the long-term cost savings associated with LED lighting, as well as its environmental benefits. LED lamps consume significantly less energy compared to traditional incandescent bulbs, making them an attractive choice for both residential and commercial customers. In addition to energy efficiency, customers in the GCC region also value stylish and aesthetically pleasing lighting options. The demand for decorative lighting fixtures, including chandeliers and pendant lights, has been on the rise. Customers are looking for lighting solutions that not only provide illumination but also enhance the overall ambiance and décor of their spaces.

Trends in the market: One of the key trends in the Lamps & Lighting market in GCC is the increasing adoption of smart lighting systems. Smart lighting allows customers to control the intensity, color, and timing of their lights through mobile applications or voice commands. This technology offers convenience, energy efficiency, and customization options, making it highly desirable for residential and commercial customers alike. The integration of smart lighting with other smart home devices, such as voice assistants and motion sensors, further enhances the overall user experience. Another trend in the market is the growing popularity of solar-powered lighting solutions. With abundant sunlight in the GCC region, solar-powered lamps and fixtures are becoming a viable and sustainable alternative to traditional lighting. Solar lighting is particularly suitable for outdoor applications, such as street lighting and garden illumination. The increasing focus on renewable energy sources and the need to reduce carbon emissions are driving the demand for solar-powered lighting solutions in the region.

Local special circumstances: The GCC region is known for its hot climate, which has implications for the Lamps & Lighting market. The high temperatures and intense sunlight require lighting solutions that can withstand these conditions. Therefore, there is a demand for lighting fixtures that are durable, heat-resistant, and UV-resistant. Manufacturers and suppliers in the region need to ensure that their products are specifically designed to withstand the harsh environmental conditions of the GCC region.

Underlying macroeconomic factors: The Lamps & Lighting market in GCC is influenced by several macroeconomic factors. The region's growing population, rapid urbanization, and increasing construction activities are driving the demand for lighting solutions. The GCC governments' focus on infrastructure development, including the construction of residential and commercial buildings, further contributes to the market growth. Additionally, the rising disposable income and improving living standards in the region are fueling the demand for high-quality lighting products. In conclusion, the Lamps & Lighting market in GCC is witnessing steady growth, driven by customer preferences for energy-efficient and stylish lighting solutions. The adoption of smart lighting systems and solar-powered lighting solutions is on the rise, reflecting the growing demand for innovative and sustainable lighting options. The local special circumstances, such as the hot climate, require lighting fixtures that can withstand the harsh environmental conditions. The underlying macroeconomic factors, including population growth, urbanization, and infrastructure development, are also contributing to the market growth in the GCC region.

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.