Decorative Lighting Market Expansion Continues, with Forecast Valuation of $48.9 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Decorative Lighting Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the previous years, there has been progressive growth in the size of the decorative lighting market. It's projected to increase from $40.82 billion in 2024 to $41.86 billion in 2025, with a compound annual growth rate (CAGR) of 2.6%. This gradual expansion during the historic period is tied to factors such as urbanisation and infrastructural evolution, developments in the hospitality and retail sectors, alterations in consumer spending habits, advances in real estate, aesthetic inclinations, and trends in architecture and interior design.

Decorative Lighting Market Size Forecast: What's the Projected Valuation by 2029?
The market for decorative lighting is projected to experience a consistent increase in the coming years, reaching a size of $48.9 billion in 2029 with a compound annual growth rate (CAGR) of 4.0%. The predicted uptick in the forecast period can be linked back to aspects such as the integration into smart homes, considerations for health and well-being, the rise of e-commerce, governmental energy efficiency drives, and the growing fondness for open-concept living. The period under forecast will also see significant trends like smart lighting incorporation, the use of energy-saving LED technology, customization and personalization, a preference for vintage and retro designs, cord-free and wireless designs, and novel developments in materials and finishes.

View the full report here:
https://www.thebusinessresearchcompany.com/report/decorative-lighting-global-market-report

What Are the Drivers Transforming the Decorative Lighting Market?
The escalating activities related to remodeling and renovation are anticipated to boost the decorative lighting market's growth. These activities involve the alteration of architectural structures and restoration of conditions. The COVID-19 pandemic saw a surge in the remodeling of confined spaces such as bedrooms and kitchens, influenced by the work from home and social distancing norms. Decorative lighting is crucial in contemporary renovation tasks, as it aids in highlighting specific objects or areas in a room. A variety of hues and colors of fixtures and fittings alter and augment the perceived size and available space. For example, the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University's Leading Indicator of Remodeling Activity (LIRA) indicated that there was a year-over-year increment in the annual improvement and repair expenses of 9% in the final quarter of 2021, a pace expected to be constant in 2022, with annual improvement and repair costs anticipated to hit the $400 billion mark by the third quarter of 2022. As a result, the surge in remodeling and renovation undertakings are expected to fuel the growth of the decorative lighting market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6534&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Decorative Lighting Market?
Leading decorative lighting market players are shifting towards advanced technologies like AI-driven lighting systems to boost user experience and secure a competitive edge. This AI-enabled lighting technology provides dynamic and emotion-responsive adjustments personalised to reflect the user's activities and tastes. In a case in point, Lepro, an AI lighting pioneer based in the U.S., took the wraps off its innovative LightGPM technology, a Generative Pretrained Model for Lighting, in April 2024. This ground-breaking development ensures smart lights can respond to the user's emotions and commands, offering customised lighting effects with remarkable accuracy. Lepro's advanced offerings boast of over 12,000 dynamic effects and leverage AI to detect voice and facial expression, facilitating a uniquely customised experience. Integrating LightBeats Music Sync and the Lepro+ app escalates its utility, allowing users to easily modify scenes and moods. LightGPM signals a breakthrough in smart lighting technology which synchronises with human sentiments and preferences, essentially revolutionising home lighting interactions.

Which Segments in the Decorative Lighting Market Offer the Most Profit Potential?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6534&type=smp

Which Firms Dominate the Decorative Lighting Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Decorative Lighting Market?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6534

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.