Lamps & Lighting - Cyprus | Statista Market Forecast

Revenue in the Lamps & Lighting Market is projected to reach US$11.03m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.31%, resulting in a projected market volume of US$18.84m by 2029.
With a projected market volume of US$10.98bn in 2024, most revenue is generated United States.
In the Lamps & Lighting Market, the number of users is expected to amount to 36.8k users by 2029.
User penetration will be 2.4% in 2024 and is expected to hit 3.0% by 2029.
The average revenue per user (ARPU) is expected to amount to US$410.10.

Definition:

The eCommerce Lamps & Lighting market is a segment of online retail that specializes in selling various types of lighting products for indoor and outdoor use, including lamps, chandeliers, pendant lights, sconces, ceiling fans, and other lighting fixtures.

The purpose of eCommerce Lamps & Lighting is to provide consumers with a convenient and accessible way to purchase lighting products from the comfort of their homes. This market allows consumers to easily browse a range of products, compare prices and styles, and make informed purchasing decisions.

The relevance of the eCommerce Lamps & Lighting market lies in its ability to offer consumers a wide variety of lighting options for different spaces and purposes. With the increasing importance of interior design, lighting has become a crucial element in creating the desired ambiance and mood in a room or outdoor space.

Examples of successful eCommerce Lamps & Lighting businesses include Lumens, which offers a wide range of lighting options, including modern and contemporary designs, and Lamps Plus, which offers a variety of lighting products, including table lamps, floor lamps, and chandeliers, with the added convenience of free shipping on most items. Other popular eCommerce retailers such as Amazon and Wayfair also offer a variety of lighting products on their websites.

Structure:

The market consists of several parts, namely: Ceiling Lights & Chandeliers, Light Bulbs & Fittings, and Table & Floor Lamps. For more information on the definitions, please visit the respective market page.

Additional Information:

Lamps & Lighting comprises revenues, users, average revenue per user, and penetration rates. Revenues are derived from annual filings, national statistical offices, Google- and Alibaba-Trends, and industry knowledge. Sales Channels show online and offline revenue shares, as well as, desktop and mobile sales distribution. Revenues include VAT. The market only displays B2C revenues and users for the above-mentioned markets, hence C2C, B2B, and reCommerce are not included. Additional definitions can be found on each respective market page.

Key players in the market are companies like Amazon, JD, Homedepot, IKEA, Wayfair and Lowes.

Market numbers for the total market sizes (online + offline) can also be found on the respective pages of the Consumer Market Insights.

Lamps such as Philips Hue
Lighting fittings (e.g., chandeliers) such as Swarovski

Industrial lighting equipment such as Acuity Brands

Data coverage:

Data refers to B2C enterprises. Figures are based on the sale of physical goods via a digital channel to a private end consumer. This definition encompasses purchases via desktop computers (including notebooks and laptops) as well as purchases via mobile devices (e.g., smartphones and tablets). The following are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets, and the digital purchase or resale of used, defective, or repaired goods (reCommerce and C2C). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Statista Global Consumer Survey), data on shopping behavior (e.g., Google Trends, Alibaba Trends), and performance factors (e.g., user penetration, price/product). Furthermore, we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, internet penetration, and population. This data helps us 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, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, internet penetration, and population.

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. The impact of the Russia/Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Ecommerce market, in a PDF format.