Lamps & Lighting - North Macedonia

In 2024, the revenue generated in the Lamps & Lighting market in North Macedonia amounts to US$15.15m.
It is projected that the market will experience an annual growth rate of -0.16% (CAGR 2024-2029).
When compared globally, United States leads in terms of revenue generation in this segment, with a total of US$32bn in 2024.
To put this into perspective, in North Macedonia, the per person revenue in the Lamps & Lighting market is US$7.28 in 2024.
The demand for traditional handcrafted lamps is on the rise in North Macedonia, reflecting the country's rich cultural heritage and appreciation for artisanal craftsmanship.

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 North Macedonia has been experiencing steady growth in recent years. Customer preferences have shifted towards energy-efficient and sustainable lighting solutions, driving the demand for led lamps and fixtures. Additionally, the increasing focus on smart lighting technology has also contributed to the market growth.

Customer preferences: in the Lamps & Lighting market in North Macedonia have been influenced by global trends. There is a growing awareness among customers about the need for energy-efficient lighting solutions to reduce electricity consumption and lower carbon emissions. led lamps and fixtures have emerged as a popular choice due to their long lifespan, low energy consumption, and environmental benefits. Customers are also increasingly adopting smart lighting systems that offer features such as remote control, dimming, and scheduling, providing convenience and flexibility in lighting management. The market has witnessed several trends in recent years. One of the key trends is the increasing adoption of led lamps and fixtures. led technology has become more affordable and offers significant advantages over traditional lighting sources, such as incandescent and fluorescent lamps. led lamps have a longer lifespan, consume less energy, and provide better quality lighting. As a result, the demand for led lamps and fixtures has been growing steadily in North Macedonia. Another trend in the market is the rising popularity of smart lighting systems. These systems allow users to control and customize their lighting settings using smartphone apps or voice commands. The convenience and energy-saving features of smart lighting systems have attracted customers, especially in residential and commercial sectors. The demand for smart lighting solutions is expected to continue growing as more customers become aware of their benefits and technological advancements make them more accessible. Local special circumstances in North Macedonia have also influenced the Lamps & Lighting market. The country has been investing in energy efficiency measures and promoting sustainable development. The government has implemented policies and initiatives to encourage the use of energy-efficient lighting solutions, including led lamps and fixtures. These efforts have created a favorable environment for the growth of the Lamps & Lighting market. Underlying macroeconomic factors have also played a role in the development of the market. North Macedonia has experienced steady economic growth in recent years, which has increased consumer purchasing power. As a result, customers have been more willing to invest in high-quality and energy-efficient lighting solutions. Additionally, the construction sector has been booming, creating a demand for lighting products in new residential and commercial buildings. In conclusion, the Lamps & Lighting market in North Macedonia has been driven by customer preferences for energy-efficient and sustainable lighting solutions, such as led lamps and fixtures. The market has also witnessed the growing popularity of smart lighting systems.

Local special circumstances: such as government initiatives and investments in energy efficiency, have further supported the market growth. The

Underlying macroeconomic factors: including economic growth and the booming construction sector, have also contributed to the development of the market.

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.