A recent market study published by Transparency Market Research presents a comprehensive analysis of growth trends, market estimates, and technological developments in the U.S. lighting products and ceiling fan market for the 2011-2016 period. The report states that the U.S. lighting products market will display a slow yet positive CAGR at 2.9% from 2011 to 2016. At this growth rate, the market’s valuation is projected to increase from US$5.5 bn in 2011 to US$6.3 bn in 2016. The title of the report is “U.S. Lighting Products And Ceiling Fan Market Analysis, Forecast By Retailers 2011 - 2016.”
Browse the full U.S. Lighting Products (Chandeliers, Table Lamps, Floor Lamps, Wall Sconce, Vanity Lights, Flush Mounts, Pendants, And Outdoor Lanterns) And Ceiling Fan Market Analysis, Forecast By Retailers 2011 - 2016 report at https://www.transparencymarketresearch.com/us-lighting-products-market.html
The report provides a detailed overview of the major factors driving and challenging the U.S. market for lighting products and ceiling fans. Major forces impacting the profitability of the market are also evaluated using validated analytical tools such as Porter’s five forces and SWOT analysis. In addition, the report also presents a market attractiveness analysis and feasibility analysis of this market over the forecast period.
products are used either for illumination or aesthetic reasons. Lamps and light fixtures are commonly used for artificial lighting. Lighting accounts for almost 15% of the energy consumption of any household, so the use of energy-efficient lighting products helps in considerable energy savings. LED lighting products are gaining popularity as they save nearly 75% more energy as compared to incandescent bulbs.
The major force driving the growth of the U.S. retail lighting products market is the increased focus of a large number of retailers on executing contract-based sales in the non-residential sector. The expanding construction sector in the U.S. holds immense growth potential for the lighting products market. Moreover, the rising disposable incomes have benefitted this market as consumers are spending heavily on improving the lighting of their homes for aesthetic reasons. In addition, the shorter life cycle of these products also necessitates their faster replacement. However, the slowdown in the residential construction sector has adversely affected retail sales of lighting products in the U.S.
The U.S. market for lighting products and ceiling fans is segmented on the basis of product type and retailers. By product, outdoor lanterns, wall scones, flush mounts, table lamps, pendants chandeliers, vanity lights, and floor lamps are the segments of this market. Of all of these, floor lamps is the largest product segment in this market. The floor lamps segment has accounted for the largest share in the market in the past and is expected to retain its lead position until the end of the forecast period. With a 20.6% share in 2016, floor lamps will contribute the largest revenue to this market. The ceiling fans segment is expected to be the second-largest product segment with a share of 20.1% in 2016 in the U.S. lighting products and ceiling fan market.
In the U.S. lighting products and ceiling fan market, lighting products are retailed through home improvement stores, specialty stores, small retailers, electric departmental stores, and discount stores. On the basis of retailers, this market is divided into Menards, Wal-Mart, Sam’s Club, Bed Bath & Beyond, Lowes, Costco, Target, and The Home Depot. Of these, The Home Depot and Lowe’s are the two largest retailers in the U.S. lighting products and ceiling fan market and hold a dominant share.
In 2011, revenue generated from the sales of products and services of The Home Depot was US$70.39 bn, increasing from US$67.99 bn in 2010.
The key segments of the U.S. lighting products and ceiling fan Market are:
- Ceiling Fan
- Table Lamps
- Floor Lamps
- Wall Sconce
- Vanity Lights
- Flush mounts
- Outdoor Lanterns
- The Home Depot
- Bed Bath & Beyond
- Sam’s Club
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