Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Track Luminaires Market by Type (Halogen, LED, Incandescent), By Application (Residential, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Track Luminaires Market by Type (Halogen, LED, Incandescent), By Application (Residential, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 270148 4200 Electronics & Semiconductor 377 195 Pages 4.7 (47)
                                          

Market Overview:


The global track luminaires 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 energy-efficient lighting solutions, growing awareness about LED lighting, and rising demand for track luminaires in commercial applications. The halogen segment is expected to account for the largest share of the global track luminaires market in 2018, followed by LED and incandescent segments. The LED segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to factors such as increasing demand for energy-efficient lighting solutions and falling prices of LEDs. In terms of application, the commercial segment is expected to account for a larger share of the global track luminaires market than residential applications in 2018.


Global Track Luminaires Industry Outlook


Product Definition:


A track luminaire is a type of light fixture that is attached to a track, which in turn is mounted to the ceiling or wall. This type of fixture allows for more flexibility when it comes to lighting since it can be moved around to point in different directions. Track luminaires are often used in commercial settings where there may be a need for multiple sources of light that can be directed independently.


Halogen:


Halogen is a chemical element that results from the reaction between halogens and non-halogen elements. It can be produced by the thermal decomposition of fluorine or by hydrolysis of nerve gas.


LED:


LED (light-emitting diode) is a semiconductor that emits light when current is passed through it. It offers higher efficiency and longer life compared to conventional lighting sources such as incandescent, halogen, or fluorescent bulbs. The Track Luminaires market includes LED track lights as well as traditional ones.


Traditional track luminaires are made up of materials such as metal and glass; whereas LED variants are made from plastic.


Application Insights:


The commercial application segment accounted for the largest share of more than 60.0% in 2017. The growing demand for energy-efficient track lighting solutions to improve the aesthetic appeal and operational efficiency of office buildings, retail stores, malls and other public places is expected to drive product demand over the forecast period. Furthermore, a significant increase in investments by governments to develop infrastructure and promote tourism is anticipated to augment market growth over the coming years.


The residential application segment was valued at USD 1,836 million in 2017 owing to increasing adoption due largely to government initiatives promoting home ownership as an investment opportunity along with tax benefits offered on mortgage payments towards property owners are expected drive industry growth over next eight years or so  (estimated). Moreover, rising consumer disposable income levels coupled with easy access affordable housing schemes being introduced by various governments across regions including North America & Latin America is further anticipated fuel Track Luminaires market expansion during this forecast period (2030).


Regional Analysis:


Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in countries, such as China and India. Furthermore, growing adoption of track lighting for household and commercial applications will drive the industry growth over the forecast period. Increasing number of shopping malls in Asia Pacific is driving demand for modern architectural lighting solutions, which will further propel industry growth over the next eight years.


The European market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast period on account of rising product demand from residential application segment due to growing consumer awareness regarding energy efficiency coupled with government initiatives pertaining energy savings along with aesthetic appeal associated with light sources used for illumination purposes has resulted in increased penetration of track lighting solutions across various commercial spaces including restaurants, hotels etc.


Growth Factors:


  • Increasing demand for energy-efficient lighting solutions
  • Rising awareness about the benefits of track luminaires
  • Growing popularity of LED technology
  • Proliferation of smart buildings and green infrastructure projects
  • Emerging applications for track luminaires

Scope Of The Report

Report Attributes

Report Details

Report Title

Track Luminaires Market Research Report

By Type

Halogen, LED, Incandescent

By Application

Residential, Commercial

By Companies

Philips Lighting, Acuity Brands, Hubbell, Eglo, ITAB, Eaton, Endo Lighting, WAC Lighting, Intense Lighting, AFX, Philips Lighting, AIXEN LITE, Jesco Lighting, Satco, LBL Lighting, Rayconn, Kehei 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

195

Number of Tables & Figures

137

Customization Available

Yes, the report can be customized as per your need.


Global Track Luminaires Market Report Segments:

The global Track Luminaires market is segmented on the basis of:

Types

Halogen, LED, Incandescent

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:

  1. Philips Lighting
  2. Acuity Brands
  3. Hubbell
  4. Eglo
  5. ITAB
  6. Eaton
  7. Endo Lighting
  8. WAC Lighting
  9. Intense Lighting
  10. AFX
  11. Philips Lighting
  12. AIXEN LITE
  13. Jesco Lighting
  14. Satco
  15. LBL Lighting
  16. Rayconn
  17. Kehei Lighting

Global Track Luminaires Market Overview


Highlights of The Track Luminaires Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Halogen
    2. LED
    3. Incandescent
  1. By Application:

    1. Residential
    2. Commercial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Track Luminaires 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

Global Track Luminaires Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Track luminaires are a type of lighting fixture that is typically used in railroad tracks and other areas where light is needed at night or during inclement weather. They are made up of a series of track-mounted lamps that can be turned on and off as needed, making them an efficient way to provide light while avoiding the need for traditional streetlights.

Some of the major players in the track luminaires market are Philips Lighting, Acuity Brands, Hubbell, Eglo, ITAB, Eaton, Endo Lighting, WAC Lighting, Intense Lighting, AFX, Philips Lighting, AIXEN LITE, Jesco Lighting, Satco, LBL Lighting, Rayconn, Kehei Lighting.

The track luminaires 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 Track Luminaires 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 Track Luminaires Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Track Luminaires 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 Track Luminaires 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 Track Luminaires Market Size & Forecast, 2018-2028       4.5.1 Track Luminaires Market Size and Y-o-Y Growth       4.5.2 Track Luminaires Market Absolute $ Opportunity

Chapter 5 Global Track Luminaires 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 Track Luminaires Market Size Forecast by Type
      5.2.1 Halogen
      5.2.2 LED
      5.2.3 Incandescent
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Track Luminaires 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 Track Luminaires Market Size Forecast by Applications
      6.2.1 Residential
      6.2.2 Commercial
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Track Luminaires 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 Track Luminaires 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 Track Luminaires Analysis and Forecast
   9.1 Introduction
   9.2 North America Track Luminaires 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 Track Luminaires Market Size Forecast by Type
      9.6.1 Halogen
      9.6.2 LED
      9.6.3 Incandescent
   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 Track Luminaires 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 Track Luminaires Analysis and Forecast
   10.1 Introduction
   10.2 Europe Track Luminaires 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 Track Luminaires Market Size Forecast by Type
      10.6.1 Halogen
      10.6.2 LED
      10.6.3 Incandescent
   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 Track Luminaires 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 Track Luminaires Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Track Luminaires 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 Track Luminaires Market Size Forecast by Type
      11.6.1 Halogen
      11.6.2 LED
      11.6.3 Incandescent
   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 Track Luminaires 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 Track Luminaires Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Track Luminaires 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 Track Luminaires Market Size Forecast by Type
      12.6.1 Halogen
      12.6.2 LED
      12.6.3 Incandescent
   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 Track Luminaires 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) Track Luminaires Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Track Luminaires 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) Track Luminaires Market Size Forecast by Type
      13.6.1 Halogen
      13.6.2 LED
      13.6.3 Incandescent
   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) Track Luminaires 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 Track Luminaires Market: Competitive Dashboard
   14.2 Global Track Luminaires Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Philips Lighting
      14.3.2 Acuity Brands
      14.3.3 Hubbell
      14.3.4 Eglo
      14.3.5 ITAB
      14.3.6 Eaton
      14.3.7 Endo Lighting
      14.3.8 WAC Lighting
      14.3.9 Intense Lighting
      14.3.10 AFX
      14.3.11 Philips Lighting
      14.3.12 AIXEN LITE
      14.3.13 Jesco Lighting
      14.3.14 Satco
      14.3.15 LBL Lighting
      14.3.16 Rayconn
      14.3.17 Kehei Lighting

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