Market Overview:
The global LED track light market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED track lights over traditional lighting solutions. The halogen segment is expected to account for a major share of the global LED track light market in 2018, owing to its low cost and high efficiency as compared to other types of LED track lights. However, with technological advancements and innovations, the halide lamp segment is expected to witness significant growth during the forecast period. In terms of application, malls are expected to account for a major share of the global LED track light market in 2018, followed by offices and art galleries.
Product Definition:
A LED track light is a lighting device that uses light emitting diodes (LEDs) as its source of illumination. LED track lights are typically used to provide task or accent lighting in a variety of settings, such as homes, offices, and retail stores.
Halogen:
LED track light is a type of lighting device used to highlight and emphasize the subject or area in front of the camera. It can be used as key light, fill light, backlight or rim light. The product has various applications such as it can be used for video production, commercial advertising and photography among others.
Halide Lamp:
A halide lamp is a special type of tungsten filament lamp used in high-intensity light-emitting diode (LED) track lighting. The halogen element in the lamp helps to increase the intensity of light output from LED, which makes it an important component for use in track lighting.
The halide lamps have longer life and better reliability as compared to standard tungsten lamps; they also offer higher intensity.
Application Insights:
The malls application segment led the global LED track light market in 2017. The growth of this segment is attributed to increasing consumer spending on recreational activities such as shopping and entertainment, which has resulted in increased footfall at the mall complexes. Furthermore, a rise in demand for high-end retail stores has also positively influenced industry growth.
The offices application segment is expected to witness significant growth over the forecast period owing to growing corporate construction projects across various regions including North America and Europe. A large number of companies have shifted their office spaces from traditional lighting solutions such as HID & fluorescent lamps towards energy-efficient alternatives such as LED trackers or spots that provide better illumination while consuming less power thereby reducing electricity bills by approximately 20%. These factors are projected to drive product demand over the forecast period.
Regional Analysis:
The Asia Pacific regional led track light market is anticipated to witness significant growth over the forecast period. The growing commercial and industrial sector in developing economies including China, India, Japan, and South Korea are expected to be key factors driving the LED track light industry in APAC. Moreover, rising disposable income coupled with an increasing number of shopping malls across the region is further expected to fuel product demand during the forecast period.
The North America regional market accounted for a share of more than 25% in 2017 owing to early adoption by several major companies including Nike Inc., AT&T Inc., and General Electric Co. Growing trend towards energy conservation has resulted into increased demand for eco-friendly lighting solutions among consumers as well as businesses which is further anticipated drive growth over next eight years.
Growth Factors:
- Increasing demand from the commercial sector for energy-efficient lighting solutions is expected to drive the LED track light market growth over the forecast period.
- Growing popularity of LED track lights as a replacement for traditional halogen and fluorescent lamps is anticipated to boost market growth.
- Rising demand for smart lighting systems with features such as occupancy sensors and daylight harvesting is projected to fuel market expansion.
- Technological advancements in LED track lights, coupled with declining prices, are likely to propel the market growth in the coming years. 5) Growing awareness about energy conservation among consumers is expected to create new opportunities for LED track light manufacturers in the near future
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Track Light Market Research Report
By Type
Halogen, Halide Lamp
By Application
Malls, Offices, Art Gallery
By Companies
OLIGO, JUNO, Reggiani Illuminazione, MOLTO LUCE, Trato Industries S.A.S., ZUMTOBEL, AMERLUX LIGHTING SOLUTIONS, DELTA LIGHT, Ansorg
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global LED Track Light Market Report Segments:
The global LED Track Light market is segmented on the basis of:
Types
Halogen, Halide Lamp
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
Malls, Offices, Art Gallery
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:
- OLIGO
- JUNO
- Reggiani Illuminazione
- MOLTO LUCE
- Trato Industries S.A.S.
- ZUMTOBEL
- AMERLUX LIGHTING SOLUTIONS
- DELTA LIGHT
- Ansorg
Highlights of The LED Track 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:
- Halogen
- Halide Lamp
- By Application:
- Malls
- Offices
- Art Gallery
- 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 Track 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 track light is a type of lighting that uses LED lights to create a path or pattern. They are often used in warehouses and other industrial settings, as they are very efficient and can be controlled easily.
Some of the major companies in the led track light market are OLIGO, JUNO, Reggiani Illuminazione, MOLTO LUCE, Trato Industries S.A.S., ZUMTOBEL, AMERLUX LIGHTING SOLUTIONS, DELTA LIGHT, Ansorg.
The led track light market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Track Light Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Track Light Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Track Light Market - Supply Chain
4.5. Global LED Track Light Market Forecast
4.5.1. LED Track Light Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Track Light Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Track Light Market Absolute $ Opportunity
5. Global LED Track Light Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Track Light Market Size and Volume Forecast by Type
5.3.1. Halogen
5.3.2. Halide Lamp
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Track Light Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Track Light Market Size and Volume Forecast by Application
6.3.1. Malls
6.3.2. Offices
6.3.3. Art Gallery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Track Light Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Track Light Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Track Light Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Track Light Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Track Light Demand Share Forecast, 2019-2026
9. North America LED Track Light Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Track Light Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Track Light Market Size and Volume Forecast by Application
9.4.1. Malls
9.4.2. Offices
9.4.3. Art Gallery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Track Light Market Size and Volume Forecast by Type
9.7.1. Halogen
9.7.2. Halide Lamp
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Track Light Demand Share Forecast, 2019-2026
10. Latin America LED Track Light Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Track Light Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Track Light Market Size and Volume Forecast by Application
10.4.1. Malls
10.4.2. Offices
10.4.3. Art Gallery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Track Light Market Size and Volume Forecast by Type
10.7.1. Halogen
10.7.2. Halide Lamp
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Track Light Demand Share Forecast, 2019-2026
11. Europe LED Track Light Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Track Light Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Track Light Market Size and Volume Forecast by Application
11.4.1. Malls
11.4.2. Offices
11.4.3. Art Gallery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Track Light Market Size and Volume Forecast by Type
11.7.1. Halogen
11.7.2. Halide Lamp
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. ByCountry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Track Light Demand Share, 2019-2026
12. Asia Pacific LED Track Light Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Track Light Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Track Light Market Size and Volume Forecast by Application
12.4.1. Malls
12.4.2. Offices
12.4.3. Art Gallery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Track Light Market Size and Volume Forecast by Type
12.7.1. Halogen
12.7.2. Halide Lamp
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Track Light Demand Share, 2019-2026
13. Middle East & Africa LED Track Light Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Track Light Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Track Light Market Size and Volume Forecast by Application
13.4.1. Malls
13.4.2. Offices
13.4.3. Art Gallery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Track Light Market Size and Volume Forecast by Type
13.7.1. Halogen
13.7.2. Halide Lamp
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Track Light Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Track Light Market: Market Share Analysis
14.2. LED Track Light Distributors and Customers
14.3. LED Track Light Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OLIGO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JUNO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Reggiani Illuminazione
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MOLTO LUCE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Trato Industries S.A.S.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZUMTOBEL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AMERLUX LIGHTING SOLUTIONS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DELTA LIGHT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ansorg
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook