Get In Touch

Chandeliers are decorative hanging light fixtures, which have branches for lights and can be mounted on ceilings or walls. Chandeliers have been used since medieval times and the light source used in these primitive stages of chandeliers were candles, which are now replaced by different types of bulbs. Chandeliers are used to uplift the look of a particular space by adding elegance and light. These lighting fixtures are often associated with luxurious living and are mostly found in wealthy and royal houses, luxury and business hotels, and other commercial places. During its inception, chandeliers were often highly priced; however, with advancement in technology and designing, simple chandeliers designs at affordable prices have been introduced in the market. Nonetheless, the traditional or classic chandeliers are still highly priced. The association of chandeliers with luxury is majorly due to their rich and elegant look with intricate designs, fine material quality, and their history which suggests their installation in royal households. The traditional intricate designs consists of flowers, fruits, and leaves designed in crystal or glass, often covered with metal frames. However, modern day chandeliers have abstract designs, and are sometimes personalized to match the other furniture, with blends of different materials.

The chandelier market is projected to expand at a significant growth rate during the forecast period. The rising disposable incomes, changing lifestyles, and innovative chandelier designs by manufacturers are the factors driving the growth of this market. Additionally, consumers also have a rising trend to use energy efficient lights, which are long lasting and also cut down on the utility bills. This trend is considered to be the major factor leading to the increase in demand for chandeliers. However, technical difficulties in its installation and high investment costs act as a restraint toward growth of the market. Moreover, lack of availability of parts and specialized lights after damage also hinders the growth of the global chandelier market. In order to overcome the cost constraint of chandeliers, manufacturers are focusing on developing products at cost competitive prices.

The global chandelier market is segmented by type, category, material, end use, distribution channel, and region. The chandelier market is divided into three types: classical, modern, and transitional. By category type, the market is segmented by the lighting direction namely uplight, downlight, cluster, and pendant. Based on material, the market is segmented into crystal, glass & colored glass, wood, metal, and others such as brass, fabric etc. By end use, the chandelier market is divided into residential and commercial which can be further classified into offices, hotels & restaurants, and others such as malls, hospitals etc. In terms of distribution channel, chandeliers are available online such as on e-commerce websites and brand websites and also available offline in department stores, hypermarkets, and specialty stores.

The chandelier market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America on the basis of region. Chandeliers are more commonly used in the commercial sector than in residential ones, due to the high cost of installation as well as maintenance of the products and also because of the availability of large spaces. However, development in modern designs and less expensive products has increased the demand for chandeliers in residential spaces. Furthermore, the increasing trend of luxurious living and energy saving products has also added to the growth of the chandelier market in residential places. Some of the other minor variations in chandeliers are with switch type, such as direct switch or with dimmers, by hanging method which are direct or chain hanging, and by the different finishes to different materials. For instance, satin or seeded finish for glass and brushed, matte, or oil rubbed for metal.

Some of the major key players of the chandelier market include Elegant Lighting, FEISS, Inc., JiangMen Jimmy Lighting CO.,LTD, Zhongshan Fusida Lighting Co., Ltd., D.M. LUCE SRL, Kenroy Home, Gemini Cut Glass Company, Inc., KURT FAUSTIG KG., American Brass & Crystal, SavoyHouse.com., Dolan Designs., Myran Allan Luxury Lighting, and others. Most of these leading companies have some operations based in China due to the advanced technologies and easy availability of raw materials in the country. The leading chandelier manufacturing companies are majorly focusing on developing modern designs with energy saving technologies as per the demands of global consumers.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Chandelier Market