Lighting Fixtures Manufacturing in the US - Industry Market Research Report

Lighting Fixtures Manufacturing in the US - Industry Market Research Report

  • May 2021 •
  • 46 pages •
  • Report ID: 499428 •
  • Format: PDF
Bright future: The industry is expected to continue growing as the construction sector boosts demand for lighting

Abstract

Lighting Fixtures Manufacturing in the US
The Lighting Fixtures Manufacturing industry manufactures various lighting fixtures for residential and nonresidential buildings. Over the five years to 2019, the industry has prospered as a result of growth in the overall construction sector. Furthermore, favorable economic conditions have enabled both consumers and businesses to afford renovating and building new homes and buildings. However, anticipated growth has been partially dampened by rising interest rates during the current period. In addition, the industry contends with a high degree of foreign competition. The appreciation of the US dollar has further contributed to the price competitiveness of foreign goods, siphoning consumers away from industry products. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise, albeit at a slower rate compared with the previous period. An expected depreciation of the US dollar will likely contribute to increased demand for industry products on the foreign market.

This industry manufactures electric lighting fixtures, nonelectric lighting equipment, lighting fixture components and lampshades made of metal, paper or textiles. The industry excludes establishments that manufacture light bulbs and tubes, glass lighting fixtures, vehicular lighting equipment, current-carrying wiring devices and lampshades made of plastic.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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