Lamps & Lighting - Kuwait | Statista Market Forecast

In 2024, the revenue in the Lamps & Lighting market in Kuwait amounts to US$138.10m.
It is projected that the market will experience an annual growth rate of 4.00% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$32bn in 2024.
In terms of per capita revenue, each person in Kuwait generates US$31.75 in 2024.
Kuwait's demand for luxurious and elaborate chandeliers in the lamps and lighting market reflects the country's opulent and discerning taste.

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 Kuwait has been experiencing steady growth in recent years. Customer preferences have shifted towards more energy-efficient and sustainable lighting solutions, driving the demand for LED lamps and lighting fixtures. Additionally, the government's initiatives to promote energy conservation and reduce carbon emissions have further fueled the market growth.

Customer preferences: Customers in Kuwait are increasingly opting for LED lamps and lighting fixtures due to their energy efficiency and long lifespan. LED lighting consumes significantly less energy compared to traditional incandescent bulbs, making it a cost-effective and environmentally friendly choice. Moreover, LED lamps offer a wide range of color options and can be easily dimmed, providing customers with greater flexibility in creating the desired ambiance in their homes or commercial spaces.

Trends in the market: One of the key trends in the Lamps & Lighting market in Kuwait is the growing demand for smart lighting solutions. Smart lighting systems allow users to control the lighting in their homes or offices remotely through their smartphones or voice assistants. This technology offers convenience, energy efficiency, and customization options, making it highly appealing to customers. As a result, the market has witnessed an increase in the availability and adoption of smart lighting products. Another trend in the market is the incorporation of lighting design as an integral part of interior and architectural projects. Customers are now more conscious of the aesthetic appeal of lighting fixtures and their ability to enhance the overall ambiance of a space. This has led to an increased demand for designer lamps and customized lighting solutions that complement the interior design and architecture of residential and commercial spaces.

Local special circumstances: Kuwait has a high disposable income per capita, which has contributed to the growth of the Lamps & Lighting market. Customers in Kuwait are willing to invest in high-quality lighting products that offer energy efficiency, durability, and aesthetic appeal. This has created a favorable market environment for both local and international lighting manufacturers and suppliers.

Underlying macroeconomic factors: The Lamps & Lighting market in Kuwait is influenced by several macroeconomic factors. The government's focus on sustainable development and energy conservation has resulted in the implementation of regulations and policies that promote the use of energy-efficient lighting solutions. This has created a supportive regulatory environment for the market. Additionally, the construction sector in Kuwait has been witnessing significant growth, driving the demand for lighting products. The government's investment in infrastructure projects, commercial buildings, and residential developments has created a strong demand for lamps and lighting fixtures. As a result, the market has experienced a surge in sales and is expected to continue growing in the coming years. In conclusion, the Lamps & Lighting market in Kuwait is experiencing growth due to customer preferences for energy-efficient and sustainable lighting solutions, the demand for smart lighting systems, and the incorporation of lighting design in interior and architectural projects. The local special circumstances, such as high disposable income per capita, and underlying macroeconomic factors, including government initiatives and the construction sector's growth, have further 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.