Chandelier Market is projected to reach USD 11.13 Billion by 2030 : Cognitive Market Research

Market Overview:
What is Chandelier?
- A chandelier is also known as a girandole and candelabra lamp. It is a branching decorative light fixture that can be put on the ceiling or the wall. Chandeliers are typically used to decorate the area and employ incandescent light bulbs which give light to that area. Some newer versions use fluorescent lights and, more recently, LEDs are also used in chandelier

Summary:
- The Chandelier Market will grow from USD 8.01 Billion in 2022 to USD 11.13 Billion by 2030, at a CAGR of 4.2% during the forecast period of 2023-2030.

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Market Dynamics:
• Growing inclination towards high-end lifestyle drives the Chandelier Market growth
The luxury real estate industry has risen through the ranks to become a favorite among investors. The items in this specialized market not only provide protection and significant returns to wealthy consumers, but they also effectively deliver all the promises of luxury, comfort, wellness, and magnificence. A significant portion of this demand can be attributable to large HNI communities. Further, rising knowledge of foreign design and aesthetics, and changing lifestyles significantly influence global cultural trends. With rising customer demands, developers are increasingly providing world-class facilities and international building standards. This led to a rise in the demand for Chandelier.
• Challenges of the Chandelier Market
Chandeliers are expensive. On average, chandelier costs range between $120 and $1400, depending on size and style. In general, the cost of the Chandelier installation costs for replacing an old fixture range between $100 - $350. Whereas for installing a new fixture the cost can range between $200 - $2,000 Hence the high cost of the products may hamper the adoption rate of the Chandeliers.
• Rise adoption of LED lights will boost the market growth
Light-emitting diodes were initially utilized by businesses as circuit board indicator lights, and they quickly gained popularity for dependability and energy economy. People are now using LEDs from the third generation. This most recent generation outperforms all other lighting sources in terms of longevity, toughness, performance, and energy efficiency. LEDs are currently used in numerous industrial, commercial, and residential buildings for a variety of purposes. It finds its usage in Chandelier also. Many homeowners and commercial establishments prefer LED chandeliers because of their numerous advantages such as energy efficiency, design flexibility, and long lifespan, among others. This led to a rise in the demand for Chandelier near the future.

Market Segmentation:
Type
Based on type, the transitional segment dominates the Chandelier market as they come up with a combination of classic and modern touches. Thus, it became popular for homes as well as commercial applications.
• Traditional
• Transitional
• Modern

Application
Based on application, the commercial segment dominates the Chandelier market. Chandeliers are widely demanded at commercial places, such as restaurants, hotels, retail stores, malls, libraries, pubs, museums, wedding halls, and many others.
• Residential
• Commercial

The Major Players in Chandelier Market are:
Visage, SGM, Yajiang Photoelectric, PR Lighting, Golden Sea, Fine Art Light, ACME, Colorful light, Deliya, Hi LTTE, Guangzhou Ever Famous Electronic, TOPLED Lighting Electronics, Lightsky, Grand Plan, GTD Lighting

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Regional Analysis:
• North America dominates the Chandelier Market
The Global Chandelier market is geographically divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the market owing to the expansion of pubs, malls, hotels, restaurants, and others in major countries, such as the U.S., and Canada According to the study, there are 115,049 retail centers in the United States, with California, Texas, and Florida accounting for 27% of them. In addition, a rise in disposable income and a growing inclination towards a high-end lifestyle promotes the North America Chandelier market.

Chandelier Market Recent News
- In January 2022, Hunter Fan Company, a ceiling fan manufacturer, extends its tradition of workmanship and design into the ceiling and wall lights with the official launch of Hunter Lighting. Hunter Lighting has over 300 SKUs of chandeliers, pendants, flush mounts, sconces, and vanity lights, with many more to follow in 2022.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Chandelier Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Chandelier Market Segmentation
1.5.1 Chandelier Market Regional Fragmentation
1.5.1 Chandelier Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Chandelier Market
• 3.1 Global Chandelier Market Size 2018 - 2030, (USD Million)
• 3.2 Global Chandelier Value, Absolute & Opportunity Analysis
• 3.3 Global Chandelier Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Chandelier Market Statistics 2022: Snapshot
Chapter 4 Global Chandelier Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Chandelier Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Chandelier Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Chandelier Market Regional Analysis
Chapter 12 North America Chandelier Market Outlook (2018 - 2030)
Chapter 13 Europe Chandelier Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Chandelier Market Outlook (2018 - 2030)
Chapter 15 Latin America Chandelier Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Chandelier Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about Chandelier Market TOC click here: https://www.cognitivemarketresearch.com/chandelier-market-report#table_of_contents

Related Report:
• Residential Chandeliers Market - https://www.cognitivemarketresearch.com/residential-chandeliers-market-report
• Luxury Chandeliers Market - https://www.cognitivemarketresearch.com/luxury-chandeliers-market-report
• Pendant Bowl Chandeliers Market - https://www.cognitivemarketresearch.com/pendant-bowl-chandeliers-market-report
• LED Chandeliers Market - https://www.cognitivemarketresearch.com/led-chandeliers-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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