The Surge In Decorative Lighting Market Fueled By Renovation Boom Driver: A Major Catalyst in the Evolution of the Decorative Lighting Market in 2025

Which drivers are expected to have the greatest impact on the over the decorative lighting market's growth?
The decorative lighting market is likely to expand due to an increasing number of remodeling and renovation activities. Renovation, which entails refreshing a layout's architecture or restoring something to its prime condition, gained popularity during the COVID-19 pandemic as people revamped enclosed spaces, such as bedrooms and kitchens, due to remote working and social distancing. Decorative lighting, a crucial component of these modern rennovations, serves to highlight specific objects or areas in a room. The altering colors and shades of fixtures and fittings can manipulate perceptions of space and size. For example, the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University confirms this trend with the Leading Indicator of Remodeling Activity (LIRA). It showed that the rate of annual improvement and repair spending escalated to 9% in 2021's final quarter and it is expected to sustain this growth into 2022, with expenditures projected to hit $400 billion by the third quarter. Consequently, the surge in remodeling and renovation efforts will catalyze the expansion of the decorative lighting market.

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What is the future CAGR of the decorative lighting market, and how will it impact industry expansion?
In recent times, the market size of decorative lighting has seen a consistent expansion. An increase from $40.82 billion in 2024 to $42.23 billion in 2025 is expected, at a compound annual growth rate (CAGR) of 3.5%. Factors such as urbanization, infrastructure development, the advancement of the hospitality and retail sectors, alterations in consumer spending habits, development in the real estate sector, aesthetic preferences, and architectural and interior designs have all contributed to the growth experienced during the historic period.

The market size for decorative lighting is predicted to experience consistent expansion in the coming years, reaching $49.91 billion in 2029 with a compound annual growth rate (CAGR) of 4.3%. The projected growth within the forecasted period is due to factors such as integration into smart homes, focus on health and wellness, the surge of online retail channels, government's energy efficiency initiatives, and the rising popularity of open-concept living. Trends predicted to shape the market during this period include the incorporation of smart lighting, the use of energy-saving LED technology, focus on customization and personalization, the resurgence of vintage and retro styles, the development of wireless and cordless designs, and advancements in materials and finishes.

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What are the most significant trends transforming the decorative lighting market today?
Leading organizations in the decorative lighting market are gravitating towards innovative, adaptable technologies such as AI-driven lighting techniques to heighten user satisfaction and secure a competitive edge. AI-driven lighting solutions make it possible for dynamic, emotion-sensitive alterations that mould illumination to personal preferences and tasks. For example, in April 2024, Lepro, an American AI lighting pioneer, introduced its revolutionary LightGPM technology, a Generative Pretrained Model for Lighting. This unique progress allows smart lights to respond to users' feelings and orders, customizing lighting effects with extraordinary accuracy. Lepro's latest products offer over 12,000 dynamic effects and use AI for voice and facial recognition, ensuring a highly customized experience. The conjunction of LightBeats Music Sync and the Lepro+ app amplifies functionality, empowering users to seamlessly adjust scenes and ambience. The advent of LightGPM signifies a new chapter in responsive and intuitive smart lighting that synchronizes with human emotions and tastes, revolutionizing home lighting engagements.

Which key market segments comprise the decorative lighting market and drive its revenue growth?
The decorative lighting market covered in this report is segmented -

1) By Product: Ceiling, Wall-Mounted, Other Products
2) By Light Source: Light Emitting Diode (LED), Fluorescent, Incandescent, Other Light Sources
3) By Distribution Channel: Offline, Online
4) By End Use: Commercial, Household

Subsegments:
1) By Ceiling: Chandeliers, Pendant Lights, Flush Mounts, Ceiling Fans With Lights
2) By Wall-Mounted Lighting: Wall Sconces, Picture Lights, Decorative Wall Lamps
3) By Other Products: Floor Lamps, Table Lamps, Outdoor Decorative Lighting, String Lights

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What regions are at the forefront of decorative lighting market expansion?
North America was the largest region in the decorative lighting market in 2024. Asia- pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the decorative lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the decorative lighting market?
Major companies operating in the decorative lighting market include The Home Depot Inc., General Electric Co., Lowe's Companies Inc., Signify NV, Hubbell Incorporated, OSRAM Light AG, Acuity Brands Lighting Inc., Havells India Limited, Fagerhults Belysing AB, LSI Industries Inc., Electronic Theatre Controls Inc., Artemide S.p.A., Flos S.p.A., Generation Brands LLC, Cree Lighting Inc., Savant Systems Inc., Juno Lighting LLC, Amerlux LLC, Maxim Lighting International, Crest LED Lighting Manufacturing Company, Fagerhult Group

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What Is Covered In The Decorative Lighting Global Market Report?

•Market Size Forecast: Examine the decorative lighting market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the decorative lighting market for a structured understanding.
•Key Players Overview: Analyze major players in the decorative lighting market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the decorative lighting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the decorative lighting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the decorative lighting market.
•Industry Challenges: Identify potential risks and obstacles affecting the decorative lighting market.
•Competitive Landscape: Review strategic developments in the decorative lighting market, including expansions, agreements, and new product launches.

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