Lamps & Lighting - Southern Africa

Southern Africa

In Southern Africa, the revenue generated in the Lamps & Lighting market is recorded at US$170.70m in 2024.
It is projected that the market will experience an annual growth rate of 0.06% (CAGR 2024-2029).
In a global context, in the United States leads in revenue generation with US$31,960m in 2024.
When considering the population figures, the per person revenue in Southern Africa amounts to US$2.44 in 2024.
In Southern Africa, there is a growing demand for eco-friendly and sustainable lamps and lighting fixtures.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Market

Region

Region comparison

Currency

Analyst Opinion

The Lamps & Lighting market in Southern Africa is experiencing significant growth and development due to various factors.

Customer preferences: Customers in Southern Africa have shown a growing preference for energy-efficient lighting solutions. This can be attributed to increasing awareness about the importance of sustainability and the need to reduce energy consumption. LED lighting, in particular, has gained popularity in the region due to its long lifespan, low energy consumption, and cost-effectiveness. Customers are also looking for lighting options that offer customization and flexibility, allowing them to create the desired ambiance in their spaces.

Trends in the market: One of the key trends in the Lamps & Lighting market in Southern Africa is the adoption of smart lighting systems. With the advancement of technology, customers are increasingly interested in lighting solutions that can be controlled remotely and integrated with other smart devices. This trend is driven by the growing demand for convenience, energy efficiency, and enhanced security. Smart lighting systems offer features such as dimming, color-changing, and scheduling, providing customers with greater control over their lighting environment. Another trend in the market is the focus on decorative lighting. Customers in Southern Africa are increasingly seeking lighting options that not only provide illumination but also serve as decorative pieces. This trend is driven by the desire to create visually appealing and aesthetically pleasing spaces. Customers are looking for unique and artistic lighting designs that can enhance the overall ambiance of their homes, offices, or public spaces.

Local special circumstances: Southern Africa has a diverse market with varying levels of economic development and infrastructure. In some countries, there is a growing demand for lighting solutions in the residential sector, driven by urbanization and population growth. In other countries, the focus is on commercial and industrial lighting, as these sectors continue to expand. Additionally, the region has a strong tourism industry, which creates opportunities for the hospitality sector to invest in high-quality lighting solutions to attract tourists.

Underlying macroeconomic factors: The Lamps & Lighting market in Southern Africa is influenced by several macroeconomic factors. Economic growth, disposable income levels, and infrastructure development play a crucial role in driving the demand for lighting products. As the region continues to experience economic growth, more households and businesses are able to afford lighting solutions. Additionally, government initiatives and regulations promoting energy efficiency and sustainability are also driving the market growth. In conclusion, the Lamps & Lighting market in Southern Africa is witnessing growth and development due to customer preferences for energy-efficient and customizable lighting solutions. The adoption of smart lighting systems and the focus on decorative lighting are notable trends in the market. The diverse market in the region, varying from residential to commercial and industrial sectors, along with the influence of macroeconomic factors, further contribute to the growth of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.