Lamps & Lighting - Southern Europe

In Southern Europe, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$3.93bn.
It is projected that the market will experience an annual growth rate of 0.92% (CAGR 2024-2029).
When compared to global figures, United States leads the market with a revenue of US$32bn in 2024.
In terms of per capita income, each person in Southern Europe contributes approximately US$16.59 to the revenue in the Lamps & Lighting market in 2024.
In Southern Europe, Portugal is experiencing a surge in the demand for energy-efficient LED lamps and lighting fixtures.

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 Southern Europe has been experiencing significant growth in recent years. Customer preferences for energy-efficient and sustainable lighting solutions, along with technological advancements in the industry, have been driving this growth. Additionally, local special circumstances and underlying macroeconomic factors have also played a role in shaping the market.

Customer preferences: in Southern Europe have shifted towards energy-efficient lighting solutions. This can be attributed to the increasing awareness of environmental issues and the need to reduce energy consumption. led lighting has gained popularity in the region due to its energy efficiency and long lifespan. Customers are also interested in smart lighting systems that offer convenience and control over lighting settings. These preferences align with global trends in the lighting market, where energy efficiency and sustainability are key considerations for customers. The market in Southern Europe is also influenced by

Local special circumstances:. One such circumstance is the high electricity prices in the region. Southern European countries often have higher electricity costs compared to other parts of Europe. This has led customers to prioritize energy-saving lighting solutions that can help reduce their electricity bills in the long run. Additionally, the region's warm climate and outdoor lifestyle have created a demand for outdoor lighting solutions. Customers in Southern Europe are looking for lighting options that can enhance their outdoor spaces and create a pleasant ambiance.

Underlying macroeconomic factors: have also contributed to the growth of the Lamps & Lighting market in Southern Europe. The region has seen an improvement in economic conditions in recent years, leading to increased consumer spending. As a result, customers are more willing to invest in quality lighting solutions for their homes and businesses. Furthermore, government initiatives and regulations promoting energy efficiency have also had a positive impact on the market. These factors have created a favorable business environment for lighting manufacturers and suppliers in the region. In conclusion, the Lamps & Lighting market in Southern Europe is witnessing growth due to customer preferences for energy-efficient and sustainable lighting solutions, as well as local special circumstances and underlying macroeconomic factors. led lighting and smart lighting systems are gaining popularity, driven by the need for energy efficiency and convenience. The region's high electricity prices and outdoor lifestyle have also shaped customer preferences. Overall, the market is expected to continue growing as customers prioritize energy efficiency and sustainability in their lighting choices.

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.