Lamps & Lighting - Kazakhstan | Statista Market Forecast

In the year 2024, the revenue in the Lamps & Lighting market in Kazakhstan amounts to US$47.93m.
It is projected that this market will experience an annual growth rate of 1.10% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$32bn in 2024.
In terms of per capita figures, in 2024, each person in Kazakhstan generates revenues of US$2.42 in the Lamps & Lighting market.
Kazakhstan's growing interest in sustainable and energy-efficient lighting solutions is driving the demand for eco-friendly lamps and lighting products.

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 Kazakhstan has been experiencing steady growth in recent years. Customer preferences have shifted towards more energy-efficient and environmentally friendly lighting solutions. LED lighting has become increasingly popular due to its long lifespan and low energy consumption. Additionally, there has been a growing demand for smart lighting systems that can be controlled remotely through smartphones or voice commands.

Customer preferences: In Kazakhstan, customers are increasingly concerned about energy efficiency and environmental sustainability. This has led to a shift towards LED lighting, which consumes less energy and has a longer lifespan compared to traditional incandescent bulbs. LED lighting also offers a wider range of color options and can be dimmed to create different ambiances. Moreover, customers are showing a preference for smart lighting systems that can be controlled remotely, allowing them to adjust the lighting according to their preferences and save energy.

Trends in the market: One of the key trends in the Lamps & Lighting market in Kazakhstan is the adoption of LED lighting. LED technology has become more affordable and accessible, making it the preferred choice for both residential and commercial lighting. The government has also been promoting the use of LED lighting through various initiatives and incentives, further driving the market growth. Additionally, there is a growing trend towards smart lighting systems that offer convenience and energy savings. These systems allow users to control the lighting through their smartphones or voice commands, enabling them to create personalized lighting scenarios and optimize energy consumption.

Local special circumstances: Kazakhstan's geographical location and climate also play a role in shaping customer preferences and market trends in the Lamps & Lighting industry. The country experiences long and harsh winters, with limited daylight hours. This has led to a greater reliance on artificial lighting, particularly in residential and commercial buildings. As a result, there is a higher demand for energy-efficient lighting solutions that can provide adequate illumination while minimizing energy consumption. LED lighting, with its low energy consumption and long lifespan, is well-suited to meet these requirements.

Underlying macroeconomic factors: The economic development and rising disposable incomes in Kazakhstan have contributed to the growth of the Lamps & Lighting market. As the standard of living improves, consumers are willing to invest in higher quality lighting products that offer better performance and energy efficiency. The government's focus on sustainable development and energy conservation has also created a favorable environment for the adoption of energy-efficient lighting solutions. Furthermore, the increasing urbanization and construction activities in the country have led to a higher demand for lighting products in both residential and commercial sectors.

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.