Market Overview:
The global luxury chandeliers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury chandeliers from residential and commercial applications. Additionally, the growing awareness about energy-efficient lighting solutions is also propelling the growth of this market. The global luxury chandeliers market can be segmented on the basis of type into classical chandeliers, transitional chandeliers, modern chandeliers, and others. The classical Chandelier segment is expected to hold a major share in this market owing to its traditional design and elegant look. On the basis of application, the global luxury Chandelier’s Market can be divided into residential and commercial applications.
Product Definition:
A luxury chandelier is a type of chandelier that is made from high-quality materials and features intricate designs. These chandeliers are often used in upscale homes and businesses to create a luxurious look.
Classical Chandeliers:
A chandelier is a decorative piece of lighting, which consists of multiple smaller light sources suspended from a central hub. The light bulbs are usually strung together in groups called as “chandlers” or “chandelier arms”. A basic chandelier has three parts: the base, the body, and the chain or hanger.
Transitional Chandeliers:
Transitional chandeliers are a type of chandelier lighting fixture that is used to light up an area and bring brightness to the room. They are designed in such a way that they can be easily converted from one style to another according to the ambiance or décor required by changing only two bulbs.
Application Insights:
The residential application segment led the global luxury chandeliers market and accounted for more than 70.0% share of the total revenue in 2017. The growing urban population across the world has resulted in an increased demand for high-quality lighting solutions, such as chandeliers, which provide a modern aesthetic appeal to homes and offices. Furthermore, rising consumer disposable income levels coupled with increasing real estate prices have driven consumers to spend on luxury home dĩcor products including chandelier installations.
The commercial application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in demand from hospitality sector for decorative lighting effects over dinner tables or conference rooms that enhance ambience and create a welcoming environment for business meetings or events held at hotels, restaurants or clubs etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing disposable income, growing population, and changing lifestyles of consumers. In addition, rising construction activities in emerging countries are expected to drive product demand further.
The industry outlook for luxury chandeliers in Asia Pacific remains positive as key players have been focusing on expanding their presence across this region by opening showrooms or distribution centers close to China’s major cities such as Shanghai and Beijing. Moreover, growing middle-class populations coupled with rapid urbanization has resulted into an increaseing number of commercial spaces such as hotels/resorts; restaurants; malls; clubs & discos; offices etc., which will fuel regional growth further.
Growth Factors:
- Increasing disposable income of the population: The growth in the luxury chandeliers market is mainly attributed to the increasing disposable income of the population, especially in developing countries. This has led to an increase in demand for luxury products, including luxury chandeliers.
- Rising number of high-net-worth individuals (HNWIs): There is a rising number of HNWIs across the world, who are increasingly spending on luxurious items such as high-end furniture and home décor products. This is driving demand for luxury chandeliers and other upscale lighting fixtures.
- Proliferation of online retail channels: The proliferation of online retail channels has made it easier for consumers to purchase premium home décor products, including luxury chandeliers. This is aiding the growth of the global market for these products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Chandeliers Market Research Report
By Type
Classical Chandeliers, Transitional Chandeliers, Modern Chandeliers, Others
By Application
Residential, Commercial
By Companies
Elegant Lighting, Generation Brands, Koninklijke Philips, Maxim lighting, Worldwide Lighting, Elegant 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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Chandeliers Market Report Segments:
The global Luxury Chandeliers market is segmented on the basis of:
Types
Classical Chandeliers, Transitional Chandeliers, Modern Chandeliers, 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
Residential, Commercial
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:
- Elegant Lighting
- Generation Brands
- Koninklijke Philips
- Maxim lighting
- Worldwide Lighting
- Elegant Lighting
Highlights of The Luxury Chandeliers 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:
- Classical Chandeliers
- Transitional Chandeliers
- Modern Chandeliers
- Others
- By Application:
- Residential
- Commercial
- 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 Luxury Chandeliers 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?
A luxury chandelier is a type of lighting fixture that is typically used in high-end homes or commercial establishments. These fixtures are often made from expensive materials, such as crystal or metal, and are often adorned with intricate details and ornate designs. They can be quite large and imposing, making them an impressive addition to any room.
Some of the major companies in the luxury chandeliers market are Elegant Lighting, Generation Brands, Koninklijke Philips, Maxim lighting, Worldwide Lighting, Elegant Lighting.
The luxury chandeliers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Chandeliers 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 Luxury Chandeliers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Chandeliers 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 Luxury Chandeliers 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 Luxury Chandeliers Market Size & Forecast, 2018-2028
4.5.1 Luxury Chandeliers Market Size and Y-o-Y Growth
4.5.2 Luxury Chandeliers Market Absolute $ Opportunity
Chapter 5 Global Luxury Chandeliers 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 Luxury Chandeliers Market Size Forecast by Type
5.2.1 Classical Chandeliers
5.2.2 Transitional Chandeliers
5.2.3 Modern Chandeliers
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Chandeliers 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 Luxury Chandeliers Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Chandeliers 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 Luxury Chandeliers 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 Luxury Chandeliers Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Chandeliers 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 Luxury Chandeliers Market Size Forecast by Type
9.6.1 Classical Chandeliers
9.6.2 Transitional Chandeliers
9.6.3 Modern Chandeliers
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 Luxury Chandeliers Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Luxury Chandeliers Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Chandeliers 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 Luxury Chandeliers Market Size Forecast by Type
10.6.1 Classical Chandeliers
10.6.2 Transitional Chandeliers
10.6.3 Modern Chandeliers
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 Luxury Chandeliers Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Luxury Chandeliers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Chandeliers 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 Luxury Chandeliers Market Size Forecast by Type
11.6.1 Classical Chandeliers
11.6.2 Transitional Chandeliers
11.6.3 Modern Chandeliers
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 Luxury Chandeliers Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Luxury Chandeliers Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Chandeliers 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 Luxury Chandeliers Market Size Forecast by Type
12.6.1 Classical Chandeliers
12.6.2 Transitional Chandeliers
12.6.3 Modern Chandeliers
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 Luxury Chandeliers Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Luxury Chandeliers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Chandeliers 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) Luxury Chandeliers Market Size Forecast by Type
13.6.1 Classical Chandeliers
13.6.2 Transitional Chandeliers
13.6.3 Modern Chandeliers
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) Luxury Chandeliers Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Luxury Chandeliers Market: Competitive Dashboard
14.2 Global Luxury Chandeliers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Elegant Lighting
14.3.2 Generation Brands
14.3.3 Koninklijke Philips
14.3.4 Maxim lighting
14.3.5 Worldwide Lighting
14.3.6 Elegant Lighting
