Lamps & Lighting: market data & analysis

The lamps and lighting segment experienced choppy revenue growth during the Covid-19 pandemic as consumers shifted their spending priorities towards essentials items and home office equipment, rather than decorative lighting fixtures. Growth in this segment is primarily driven by the increasing demand for energy-efficient and eco-friendly lighting solutions, as well as the growing consumer preference for smart lighting solutions. One of the key trends in the lamps and lighting market is the adoption of LED technology. LED lighting solutions are highly energy-efficient, have a longer lifespan, and offer a wide range of color temperatures and lighting effects. As a result, LED lighting solutions have become the go-to choice for consumers. Another trend in this segment is the increasing demand for smart lighting solutions. Smart lighting solutions can be controlled remotely via smartphones or voice assistants, and they offer a wide range of features such as color changing, dimming, and scheduling. With the growing adoption of smart home technologies, smart lighting solutions are becoming increasingly popular among consumers. The lamps and lighting segment is anticipated to sustain growth in the forseeable future, fueled by the increasing demand for energy-efficient and environmentally friendly lighting alternatives, coupled with the expanding adoption of smart lighting technologies. To thrive in this competitive market, retailers must conform to these trends by providing innovative and dependable lighting solutions.

Overview

• Summary
• Market definition
• Key takeaways

• Revenue
• Average revenue per capita
• Company revenues
• Online revenue share
• Mobile/Desktop Split

• Product overview
• Author