U.S. Residential Electric Lighting Fixture Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Residential Electric Lighting Fixture 2024
Market Size for Residential Electric Lighting Fixture in the U.S.
In 2023, the U.S. residential electric lighting fixture market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a relatively flat trend pattern. Residential electric lighting fixture consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.
Production of Residential Electric Lighting Fixture in the U.S.
In value terms, residential electric lighting fixture production declined modestly to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.
Exports of Residential Electric Lighting Fixture
Exports from the U.S.
Residential electric lighting fixture exports from the United States declined slightly to X units in 2023, dropping by X% against 2022 figures. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.
In value terms, residential electric lighting fixture exports contracted to $X in 2023. Over the period under review, exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
Exports by Country
Canada (X units) was the main destination for residential electric lighting fixture exports from the United States, with a X% share of total exports. Moreover, residential electric lighting fixture exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The UK (X units) ranked third in terms of total exports with a X% share.
From 2013 to 2023, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).
In value terms, Canada ($X) remains the key foreign market for residential electric lighting fixture exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by the UK, with a X% share.
From 2013 to 2023, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).
Export Prices by Country
The average residential electric lighting fixture export price stood at $X per unit in 2023, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Mexico ($X per unit) and Australia ($X per unit), while the average price for exports to the UK ($X per unit) and Canada ($X per unit) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Residential Electric Lighting Fixture
Imports into the U.S.
In 2023, overseas purchases of residential electric lighting fixture decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.
In value terms, residential electric lighting fixture imports shrank rapidly to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, China (X units) constituted the largest residential electric lighting fixture supplier to the United States, with a X% share of total imports. Moreover, residential electric lighting fixture imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. Thailand (X units) ranked third in terms of total imports with a X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).
In value terms, China ($X) constituted the largest supplier of residential electric lighting fixture to the United States, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.
From 2013 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).
Import Prices by Country
The average residential electric lighting fixture import price stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2022, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for residential electric lighting fixture in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 335121 - Residential electric lighting fixture manufacturing
Companies mentioned:
- The L D Kichler Co
- Feit Electric Company
- Swarovski Lighting
- Insight Lighting
- Louis Poulsen USA Inc.
- Evolution Lighting
- B-K Lighting
- Sea Gull Lighting Products
- Premier Manufacturing Group
- Hubbardton Forge
- Afx
- Visual Comfort of America
- Lights of America
- Maxim Lighting International
- Stylecraft Home Collection
- The Richard John Collection
- Atlas Lighting Products
- Blumberg Industries
- Robert Abbey
- Lava Lite
- Mario Industries of Virginia
- American Lighting Fixture Corp.
- Washoe Equipment
- Progress Lighting
- Vestor Partners
- Nulco Mfg. Corp.
- Troy-Csl Lighting
- Jimco Lamp & Manufacturing Co
- Quality Home Brands Holdings
- Maxim Lighting
- Austin Lighting Products
- Lampcrafters
- Stein World Operating Company
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Price for Residential Electric Lighting Fixture the United States
- Production Residential Electric Lighting Fixture the United States
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