Decorative Lighting Global Market Industry Trends, Share, Size, Growth, By Product Type, By Lighting Type, By Application, By End User And Regional Forecast 2022-2031

The global decorative lighting market report by the business research company identifies the growing remodeling and renovation activities are expected to propel the growth of the decorative lighting market. The remodeling and renovation refer to the changing in the structure of the layout and restoring something to a good condition. The COVID-19 pandemic saw an increase in remodeling of enclosed spaces like bedrooms and kitchens, caused by consumers working from home and social distancing. Decorative lighting plays a key role in modern renovation activities, it helps with bringing interest to a particular object or an area in a room. Different shades and colors of fixtures and fittings enhance and vary the perception of size and space available. For instance, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, year-over-year gains in annual improvement and repair spending reached 9% in the fourth quarter of 2021 and will maintain that pace into 2022, with annual improvement and repair expenditures to reach $400 billion by the third quarter of 2022. Therefore, the growing remodeling and renovation activities will drive the decorative lighting market.

The global decorative lighting market size is expected to grow from $35.77 billion in 2021 to $37.52 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The decorative lighting market size is expected to grow to $43.7 billion in 2026 at a CAGR of 3.9%.

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North America was the largest region in the decorative lighting market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in decorative lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the decorative lighting market are Acuity Brands Lighting Inc., Bridgelux Inc., General Electric Co., Honeywell International Inc., OSRAM Light AG, Signify NV, AB Fagerhult, Ideal Industries Inc., Fagerhult Group Inc., Hubbell, Amerlux, Littmann, Havells, Savant Systems Inc., and Cree Lighting.

The global decorative lighting market is segmented -
1) By Product: Ceiling, Wall-Mounted, Others
2) By Light Source: Light Emitting Diode (LED), Fluroscent, Incandescent, Others
3) By Distribution Channel: Offline, Online
4) By End-Use: Commercial, Household

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The Decorative Lighting Market Report Contents Include
1. Executive Summary
2. Decorative Lighting Market Characteristics
3. Decorative Lighting Market Trends And Strategies
4. Impact Of COVID-19 On Decorative Lighting
5. Decorative Lighting Market Size And Growth
.....
26. Africa Decorative Lighting Market
27. Decorative Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Decorative Lighting Market
29. Decorative Lighting Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the decorative lighting market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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