Market Overview:
The global LED string light market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED string lights, and rising disposable income in developing countries. The retro light segment is expected to hold the largest share of the global LED string light market in 2018, followed by porthole light and lantern light segments. The indoor application segment is expected to account for a larger share of the global LED string light market than outdoor application segment during the forecast period.
Product Definition:
An LED string light is a series of LED lights that are typically connected by a common power source and used to decorate or illuminate an area. The importance of LED string lights is that they are energy-efficient, durable, and long lasting.
Retro Light:
Retro-fit lighting is a cost-effective and energy-efficient method of illuminating an architectural feature or landscape. It involves replacing the traditional light source with LED string lights. The technology has been around for quite some time; however, it has gained momentum in recent years due to increased awareness among consumers regarding its benefits and applications along with declining prices of LED products.
Porthole Light:
Porthole light is a small circular opening in the hull of a ship or boat. It is usually placed at the bow and can be used to provide illumination for interior areas as well as exterior decks. Porthole lights are typically found on ships, cruise ships, yachts, and other large watercraft.
Application Insights:
Indoor application dominated the overall industry in terms of revenue share at over 70.0% in 2017. The growth is attributed to increasing demand for LED string lights for use in malls, shopping complexes, and retail stores across the globe. Increasing consumer spending on home dĩcor and interior remodeling are expected to drive the indoor application segment over the forecast period.
The outdoor application segment is expected to witness significant growth with a CAGR of XX% from 2018 to 2030 owing to growing tourism activities globally coupled with rising adoption of LED string light products for festivals, carnivals, open garden wedding functions and other events held outdoors at night time or twilight hours.
Regional Analysis:
North America led light market is anticipated to witness significant growth over the forecast period owing to increasing number of shopping malls and restaurants. Furthermore, U.S.-based companies are investing more in marketing campaigns and brand awareness drives using LED lights as these are energy-efficient lighting solutions that help reduce electricity bills. Europe also held a substantial share of global LED string light market due to high concentration of Christmas tree farms across the region, which has resulted in increased demand for outdoor lighting products such as lanterns and potted lights during festive seasons.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising popularity of LED string lights as decorative lighting fixtures
- Growing awareness about the benefits of LED string lights over traditional light sources
- Proliferation of online retail platforms that offer a wide range of LED string light products at competitive prices
- Technological advancements that have led to the development of more efficient and durable LED string lights
Scope Of The Report
Report Attributes
Report Details
Report Title
LED String Light Market Research Report
By Type
Retro Light, Porthole Light, Lantern Light, Others
By Application
Indoor, Outdoor
By Companies
MK Illumination, Lights4fun, TASCO Industries Inc, BLACHERE ILLUMINATION, Jiangmen Great Optoelectronics Technology Corp., JASCO (Enbrighten), QIANKEYING, Feit Electric, Balsam Hill, OSRAM Sylvania Inc., NOMA, Caishuo, Festive Productions, Crystal Valley
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global LED String Light Market Report Segments:
The global LED String Light market is segmented on the basis of:
Types
Retro Light, Porthole Light, Lantern Light, Others
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
Indoor, Outdoor
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:
- MK Illumination
- Lights4fun
- TASCO Industries Inc
- BLACHERE ILLUMINATION
- Jiangmen Great Optoelectronics Technology Corp.
- JASCO (Enbrighten)
- QIANKEYING
- Feit Electric
- Balsam Hill
- OSRAM Sylvania Inc.
- NOMA
- Caishuo
- Festive Productions
- Crystal Valley
Highlights of The LED String Light 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:
- Retro Light
- Porthole Light
- Lantern Light
- Others
- By Application:
- Indoor
- Outdoor
- 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 LED String Light 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?
LED string light is a type of LED lighting that is typically used to create a festive or romantic atmosphere. These lights are often strung together and can be used in various locations, such as around trees or along walkways.
Some of the major companies in the led string light market are MK Illumination, Lights4fun, TASCO Industries Inc, BLACHERE ILLUMINATION, Jiangmen Great Optoelectronics Technology Corp., JASCO (Enbrighten), QIANKEYING, Feit Electric, Balsam Hill, OSRAM Sylvania Inc., NOMA, Caishuo, Festive Productions, Crystal Valley.
The led string light market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED String Light 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 LED String Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED String Light 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 LED String Light 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 LED String Light Market Size & Forecast, 2018-2028
4.5.1 LED String Light Market Size and Y-o-Y Growth
4.5.2 LED String Light Market Absolute $ Opportunity
Chapter 5 Global LED String Light 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 LED String Light Market Size Forecast by Type
5.2.1 Retro Light
5.2.2 Porthole Light
5.2.3 Lantern Light
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED String Light 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 LED String Light Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED String Light 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 LED String Light 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 LED String Light Analysis and Forecast
9.1 Introduction
9.2 North America LED String Light 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 LED String Light Market Size Forecast by Type
9.6.1 Retro Light
9.6.2 Porthole Light
9.6.3 Lantern Light
9.6.4 Others
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 LED String Light Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
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 LED String Light Analysis and Forecast
10.1 Introduction
10.2 Europe LED String Light 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 LED String Light Market Size Forecast by Type
10.6.1 Retro Light
10.6.2 Porthole Light
10.6.3 Lantern Light
10.6.4 Others
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 LED String Light Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
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 LED String Light Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED String Light 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 LED String Light Market Size Forecast by Type
11.6.1 Retro Light
11.6.2 Porthole Light
11.6.3 Lantern Light
11.6.4 Others
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 LED String Light Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
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 LED String Light Analysis and Forecast
12.1 Introduction
12.2 Latin America LED String Light 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 LED String Light Market Size Forecast by Type
12.6.1 Retro Light
12.6.2 Porthole Light
12.6.3 Lantern Light
12.6.4 Others
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 LED String Light Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
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) LED String Light Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED String Light 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) LED String Light Market Size Forecast by Type
13.6.1 Retro Light
13.6.2 Porthole Light
13.6.3 Lantern Light
13.6.4 Others
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) LED String Light Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
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 LED String Light Market: Competitive Dashboard
14.2 Global LED String Light Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MK Illumination
14.3.2 Lights4fun
14.3.3 TASCO Industries Inc
14.3.4 BLACHERE ILLUMINATION
14.3.5 Jiangmen Great Optoelectronics Technology Corp.
14.3.6 JASCO (Enbrighten)
14.3.7 QIANKEYING
14.3.8 Feit Electric
14.3.9 Balsam Hill
14.3.10 OSRAM Sylvania Inc.
14.3.11 NOMA
14.3.12 Caishuo
14.3.13 Festive Productions
14.3.14 Crystal Valley
