The Decorative Lighting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Decorative Lighting Market?
The Decorative Lighting Global Market has seen consistent growth in recent years. The market size is projected to rise from $40.82 billion in 2024 to $42.23 billion in 2025, showing a compound annual growth rate (CAGR) of 3.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Decorative Lighting Industry?
By 2029, the decorative lighting market is expected to reach $49.91 billion, growing at a compound annual growth rate (CAGR) of 4.3%.
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What are the Key Growth Drivers Fueling the Decorative Lighting Market?
The key drivers in the decorative lighting market are:
• Increased adoption of smart home integration in decorative lighting
• Growing focus on health and wellness in lighting design choices
• Rise of online retail channels for purchasing decorative lighting
• Government initiatives promoting energy-efficient lighting solutions
Global Market Segmentation: Identifying Major Decorative Lighting Industry Segments
The decorative lighting market covered in this report is segmented –
1) By Product: Ceiling, Wall-Mounted, Other Products
2) By Light Source: Light Emitting Diode (LED), Fluorescent, Incandescent, Other Light Sources
3) By Distribution Channel: Offline, Online
4) By End Use: Commercial, Household
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What are the Emerging Trends Shaping the Future of the Decorative Lighting Market?
The key trends in the decorative lighting market are:
• The rise of smart lighting integration is a significant emerging trend in the market.
• The preference for energy-efficient LED technology continues to trend upward.
• Customization and personalization are increasingly shaping the future of the decorative lighting market.
• Vintage and retro styles, wireless and cordless designs, and innovations in materials and finishes are expected to trend in the future.
Who Are the Top Competitors & Leading Players in the Decorative Lighting Market?
Major companies in the decorative lighting market are:
• The Home Depot Inc.
• General Electric Co.
• Lowe's Companies Inc.
• Signify NV
• Hubbell Incorporated
• OSRAM Light AG
• Acuity Brands Lighting Inc.
• Havells India Limited
• Fagerhults Belysing AB
• LSI Industries Inc.
• Electronic Theatre Controls Inc.
• Artemide S.p.A.
• Flos S.p.A.
• Generation Brands LLC
• Cree Lighting Inc.
• Savant Systems Inc.
• Juno Lighting LLC
• Amerlux LLC
• Maxim Lighting International
• Crest LED Lighting Manufacturing Company
• Fagerhult Group
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the decorative lighting market in 2024
