Lamps & Lighting - South Africa | Statista Market Forecast

In South Africa, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$117.30m.
It is projected that the market will experience an annual growth rate of 0.55% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$32bn in 2024.
Looking at the population figures, the per person revenue generated in South Africa in 2024 is US$1.92.
The demand for energy-efficient LED lamps in South Africa is rapidly increasing due to the country's commitment to sustainability and the rising cost of electricity.

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 South Africa is experiencing steady growth due to various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in South Africa have shifted towards energy-efficient and environmentally-friendly lighting solutions. With increasing awareness about the importance of sustainability, consumers are opting for led lights and other energy-saving options. This preference is driven by the desire to reduce energy consumption and lower electricity bills. Additionally, customers are also seeking lighting solutions that offer customization options, such as adjustable brightness and color temperature, to create the desired ambiance in their homes or offices.

Trends in the market: indicate a growing demand for smart lighting solutions in South Africa. Smart lighting systems allow users to control and automate their lighting through mobile applications or voice commands. This technology offers convenience, energy efficiency, and customization options, making it an attractive choice for both residential and commercial customers. The integration of smart lighting with other smart home devices, such as thermostats and security systems, further enhances its appeal.

Local special circumstances: in South Africa, such as frequent power outages and a lack of reliable electricity supply in some areas, have also contributed to the growth of the Lamps & Lighting market. In response to these challenges, consumers are investing in lighting solutions that can function independently of the main power grid. solar-powered lights and battery-operated options have gained popularity, providing an alternative source of lighting during power cuts or in areas with limited access to electricity.

Underlying macroeconomic factors: such as urbanization and infrastructure development, have further fueled the growth of the Lamps & Lighting market in South Africa. As the country continues to urbanize, there is a rising demand for lighting solutions in residential, commercial, and public spaces. Infrastructure projects, such as the construction of new buildings, roads, and public facilities, also drive the need for lighting installations. These factors create a favorable market environment for manufacturers and suppliers of lamps and lighting products. In conclusion, the Lamps & Lighting market in South Africa is developing in response to customer preferences for energy-efficient and customizable lighting solutions. The increasing demand for smart lighting, driven by technological advancements, is also contributing to market growth. Local special circumstances, such as power outages and unreliable electricity supply, have further boosted the demand for alternative lighting options. Lastly, underlying macroeconomic factors, including urbanization and infrastructure development, play a significant role in driving the growth 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.