Market Overview:
The global decoration string lights market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for decorative light strings in households, entertainment venues, and hotels across the globe. String lights are used as a source of illumination and decoration in various applications such as Christmas trees, weddings, parties, and other special occasions. The global decoration string lights market by type is segmented into indoor decorative light strings and outdoor decorative light strings. The indoor decorative light strings segment accounted for the majority share of the global decoration string lights market in 2017 and is projected to grow at a CAGR of 5.8% from 2018 to 2030.
Product Definition:
Decoration String Lights are decorative lights that are often used to decorate for special occasions.
ndoor Decorative Light Strings:
NDoor Decorative Light Strings are used for exterior and interior decorative purpose. It is widely used in malls, hotels, restaurants, event halls and other such places where the main focus is to illuminate the space with attractive designs that attract people passing by. These light strings can be easily installed on door frames as well as windows of commercial spaces without any hassle of drilling holes or making permanent alterations to the structure.
Outdoor Decorative Light Strings:
Outdoor decorative light strings are used for creating a festive and cheery atmosphere. These lights have become very popular during the last few years as they can be used to create an attractive and bright display even in relatively small spaces. The technology has advanced considerably since traditional outdoor Christmas lights were introduced.
Application Insights:
The household application segment led the global decoration string lights market in 2017. The growing trend of home decorating is a key factor driving the demand for decorative light strings at homes. String lights add an aesthetic touch to any room and help create a warm and welcoming ambiance, which is likely to drive their demand in households over the forecast period.
Decorative light strings are also used in commercial applications such as restaurants, hotels, shopping malls and entertainment venues among others. These venues require large number of decorative lighting products as they play an important role in creating ambiance while promoting product display or enhancing overall aesthetics of building exteriors or interiors respectively.
Regional Analysis:
Asia Pacific dominated the global decoration string lights market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing disposable income, growing population, and rising demand for decorative light products. Furthermore, China has been observed as one of the prominent markets for these products due to its huge production capacity and availability of low-cost raw materials such as plastic bottles.
Europe was the second largest market in 2017 with a share of more than 25%. Europe being one of the most popular tourist destinations is full with decorated buildings and homes which are lighting up during Christmas season will boost regional growth further.
Growth Factors:
- Increasing demand for decorative string lights in the commercial sector as a result of rising awareness about their aesthetic value.
- String lights are being increasingly used as festive decorations, which is driving their demand during the holiday season.
- Rising disposable income of consumers is enabling them to spend more on decorative items such as string lights.
- The growing popularity of DIY projects is resulting in an increase in the use of decorative string lights by individual consumers.
- String lights are being increasingly used for outdoor decoration, which is expanding their market potential
Scope Of The Report
Report Attributes
Report Details
Report Title
Decoration String Lights Market Research Report
By Type
ndoor Decorative Light Strings, Outdoor Decorative Light Strings
By Application
Household, Entertainment Venues, Hotal, Others
By Companies
GE Lighting, Philips Lighting, Osram, Eaton(Cooper), Toshiba, Panasonic, Satco, Thorn Lighting
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Decoration String Lights Market Report Segments:
The global Decoration String Lights market is segmented on the basis of:
Types
ndoor Decorative Light Strings, Outdoor Decorative Light Strings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Entertainment Venues, Hotal, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Lighting
- Philips Lighting
- Osram
- Eaton(Cooper)
- Toshiba
- Panasonic
- Satco
- Thorn Lighting
Highlights of The Decoration String Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ndoor Decorative Light Strings
- Outdoor Decorative Light Strings
- By Application:
- Household
- Entertainment Venues
- Hotal
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Decoration String Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Decoration String Lights are a type of LED light string that are used to add a festive or decorative touch to any event. They come in many different colors and can be attached to trees, poles, or other decorations using the included wire connectors.
Some of the major players in the decoration string lights market are GE Lighting, Philips Lighting, Osram, Eaton(Cooper), Toshiba, Panasonic, Satco, Thorn Lighting.
The decoration string lights market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Decoration String Lights Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Decoration String Lights Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Decoration String Lights Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Decoration String Lights Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Decoration String Lights Market Size & Forecast, 2020-2028 4.5.1 Decoration String Lights Market Size and Y-o-Y Growth 4.5.2 Decoration String Lights Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ndoor Decorative Light Strings
5.2.2 Outdoor Decorative Light Strings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Entertainment Venues
6.2.3 Hotal
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Decoration String Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Decoration String Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ndoor Decorative Light Strings
9.6.2 Outdoor Decorative Light Strings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Entertainment Venues
9.10.3 Hotal
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ndoor Decorative Light Strings
10.6.2 Outdoor Decorative Light Strings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Entertainment Venues
10.10.3 Hotal
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ndoor Decorative Light Strings
11.6.2 Outdoor Decorative Light Strings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Entertainment Venues
11.10.3 Hotal
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ndoor Decorative Light Strings
12.6.2 Outdoor Decorative Light Strings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Entertainment Venues
12.10.3 Hotal
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ndoor Decorative Light Strings
13.6.2 Outdoor Decorative Light Strings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Entertainment Venues
13.10.3 Hotal
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Decoration String Lights Market: Competitive Dashboard
14.2 Global Decoration String Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Lighting
14.3.2 Philips Lighting
14.3.3 Osram
14.3.4 Eaton(Cooper)
14.3.5 Toshiba
14.3.6 Panasonic
14.3.7 Satco
14.3.8 Thorn Lighting