Market Overview:
The global residential luminaire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions, rising disposable income, and growing awareness about LED lighting among consumers. The global residential luminaire market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into wooden bar cabinet, glass bar cabinet, and other types. The wooden bar cabinet segment is expected to hold a major share in the global residential luminaire market during the forecast period owing to its aesthetic appeal and durability.
Product Definition:
A luminaire is a device that emits light. It can be an individual lamp or light bulb, or it can be a group of lamps and bulbs used together. Luminaires are important because they provide illumination for activities such as reading, working, and driving.
Wooden Bar Cabinet:
The global wooden bar cabinet market size was valued at USD 6.5 billion in 2016 and is expected to witness a growth of 5.9% over the forecast period. Increasing demand for luxury interior coupled with rising disposable income is anticipated to drive the market growth during the forecast period.
Increasing urbanization, especially in developing countries such as India, China, Indonesia, and Thailand are likely to fuel product demand over the next few years.
Glass Bar Cabinet:
Glass Bar Cabinet is a type of luminaire that consists of a glass body with metal or wooden surface on which light fitting is mounted. It offers better illumination as compared to conventional wall sconces and chandeliers. Glass bar cabinets are available in various sizes, shapes, and can be placed either above or below the ceiling depending upon the location of electrical fittings.
Application Insights:
The commercial application segment dominated the global market with a revenue share of over 60% in 2017. Luminaires are widely used in pubs, restaurants, hotels and shopping malls as well as at offices and shops. Increasing number of retail stores globally is expected to drive the demand for residential luminaires in this segment. Moreover, growing tourism industry has resulted in increased requirement of lighting solutions that provide aesthetic appeal along with functional requirements such as security and safety features. This trend is likely to continue over the forecast period thereby driving product demand from commercial applications.
Regional Analysis:
The residential application segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to rising demand for decorative lighting in residential as well as commercial applications. The increasing number of housing projects by various developers, especially in emerging markets such as India and China, is also expected to drive product demand over the next eight years.
Asia Pacific was estimated to be the largest regional market with a share of more than 35% in 2017 owing to high unmet needs regarding infrastructure development across developing countries including India, Indonesia, Philippines and China among others. Moreover Luminaires are anticipated play an important role in providing light & space concept where ever it is needed most which will eventually drive growth during 2018-2030 periods.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Proliferation of smart home technologies and IoT devices
- Growing demand for decorative and accent lighting fixtures
- Emerging markets in Asia Pacific and Latin America
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Luminaire Market Research Report
By Type
Wooden Bar Cabinet, Glass Bar Cabinet, Other
By Application
Commerical, Residential
By Companies
Natuzzi, Laskasas, LONGHI, LEMA Home, DAR RAN, ESIGO SRL, IFI, Mobenia, Alexander Rose, LHL Prague, Mineheart, Esigo, Modenese Interiors Luxury Furniture, Müller, ARKOF, ThinkGlass, YOMEI
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Residential Luminaire Market Report Segments:
The global Residential Luminaire market is segmented on the basis of:
Types
Wooden Bar Cabinet, Glass Bar Cabinet, Other
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
Commerical, Residential
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:
- Natuzzi
- Laskasas
- LONGHI
- LEMA Home
- DAR RAN
- ESIGO SRL
- IFI
- Mobenia
- Alexander Rose
- LHL Prague
- Mineheart
- Esigo
- Modenese Interiors Luxury Furniture
- Müller
- ARKOF
- ThinkGlass
- YOMEI
Highlights of The Residential Luminaire 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:
- Wooden Bar Cabinet
- Glass Bar Cabinet
- Other
- By Application:
- Commerical
- Residential
- 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 Residential Luminaire 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 residential luminaire is a type of light fixture that is typically used in homes and apartments. These fixtures are designed to provide illumination for areas such as hallways, stairwells, and bedrooms. They are also commonly used in kitchens and bathrooms.
Some of the major players in the residential luminaire market are Natuzzi, Laskasas, LONGHI, LEMA Home, DAR RAN, ESIGO SRL, IFI, Mobenia, Alexander Rose, LHL Prague, Mineheart, Esigo, Modenese Interiors Luxury Furniture, M¼ller, ARKOF, ThinkGlass, YOMEI.
The residential luminaire 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 Residential Luminaire 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 Residential Luminaire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Luminaire 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 Residential Luminaire 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 Residential Luminaire Market Size & Forecast, 2020-2028
4.5.1 Residential Luminaire Market Size and Y-o-Y Growth
4.5.2 Residential Luminaire 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 Wooden Bar Cabinet
5.2.2 Glass Bar Cabinet
5.2.3 Other
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 Commerical
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Luminaire 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 Residential Luminaire 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 Wooden Bar Cabinet
9.6.2 Glass Bar Cabinet
9.6.3 Other
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 Commerical
9.10.2 Residential
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 Wooden Bar Cabinet
10.6.2 Glass Bar Cabinet
10.6.3 Other
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 Commerical
10.10.2 Residential
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 Wooden Bar Cabinet
11.6.2 Glass Bar Cabinet
11.6.3 Other
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 Commerical
11.10.2 Residential
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 Wooden Bar Cabinet
12.6.2 Glass Bar Cabinet
12.6.3 Other
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 Commerical
12.10.2 Residential
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 Wooden Bar Cabinet
13.6.2 Glass Bar Cabinet
13.6.3 Other
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 Commerical
13.10.2 Residential
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 Residential Luminaire Market: Competitive Dashboard
14.2 Global Residential Luminaire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Natuzzi
14.3.2 Laskasas
14.3.3 LONGHI
14.3.4 LEMA Home
14.3.5 DAR RAN
14.3.6 ESIGO SRL
14.3.7 IFI
14.3.8 Mobenia
14.3.9 Alexander Rose
14.3.10 LHL Prague
14.3.11 Mineheart
14.3.12 Esigo
14.3.13 Modenese Interiors Luxury Furniture
14.3.14 Müller
14.3.15 ARKOF
14.3.16 ThinkGlass
14.3.17 YOMEI
