Lamps & Lighting - Southeast Asia

In 2024, the revenue in the Lamps & Lighting market in Southeast Asia reached US$1.37bn units.
It is projected to experience an annual growth rate of 3.60% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation with US$32bn units in 2024.
In terms of per capita figures, the revenue generated per person in Southeast Asia in 2024 amounted to US$1.97 units.
In Southeast Asia, Indonesia has seen a surge in demand for eco-friendly bamboo lamps, reflecting a growing preference for sustainable lighting options.

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 Southeast Asia is experiencing significant growth and development due to various factors. Customer preferences in the region have shifted towards more energy-efficient and sustainable lighting solutions. With increasing awareness about environmental issues and the need to reduce energy consumption, consumers are opting for led lighting products. led lights offer numerous benefits such as longer lifespan, lower energy consumption, and reduced maintenance costs. Furthermore, the availability of a wide range of led lighting designs and options has also contributed to their popularity among consumers in Southeast Asia. In addition to energy efficiency, customers in Southeast Asia also value aesthetics and design when it comes to lamps and lighting. There is a growing demand for decorative lighting fixtures that enhance the overall ambiance and aesthetics of homes and commercial spaces. This trend has led to the introduction of innovative and stylish lighting designs in the market, catering to the evolving preferences of customers. The market in Southeast Asia is also witnessing a surge in smart lighting solutions. With the increasing adoption of smart home technology, consumers are looking for lighting systems that can be controlled and customized through smartphone apps or voice commands. Smart lighting offers convenience, energy efficiency, and the ability to create personalized lighting scenarios, making it a popular choice among tech-savvy consumers. Local special circumstances in Southeast Asia, such as rapid urbanization and infrastructure development, have also contributed to the growth of the lamps and lighting market. As cities expand and new buildings are constructed, there is a growing demand for lighting products to illuminate residential, commercial, and public spaces. Additionally, the tourism industry in the region has also fueled the demand for lighting solutions in hotels, resorts, and entertainment venues. Underlying macroeconomic factors such as rising disposable incomes, urbanization, and population growth have played a significant role in the development of the lamps and lighting market in Southeast Asia. As economies in the region continue to grow, consumers have more purchasing power, leading to increased spending on home improvement and interior design. The growing middle class in countries like Indonesia, Thailand, and Vietnam has become a key target market for lighting manufacturers and retailers. In conclusion, the Lamps & Lighting market in Southeast Asia is experiencing growth and development driven by

Customer preferences: for energy-efficient and aesthetically pleasing lighting solutions. The increasing adoption of smart lighting technology and the demand for lighting products in urban areas and the tourism industry have also contributed to the market's expansion.

Underlying macroeconomic factors: such as rising disposable incomes and population growth have further fueled the demand for lamps and lighting in the 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.