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World - Special-Purpose Electric Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights
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The global market for special-purpose electric lamps and lighting fittings is expected to see growth over the period from 2022 to 2030, with a forecasted increase in market volume and value. Despite a slight decrease in consumption in 2022, overall trends suggest strong growth in the industry. Key countries driving consumption and production include the United States, China, and Japan. Import and export trends show fluctuations in volume and value, with China emerging as a dominant player in exports. Price variations by country indicate differing market dynamics. Overall, the industry is positioned for continued growth and development in the coming years.
Market Forecast
Driven by increasing demand for special-purpose electric lamps and lighting fittings worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 3.5B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $66.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Special-Purpose Electric Lamps and Lighting Fittings
After ten years of growth, consumption of special-purpose electric lamps and lighting fittings decreased by -4% to 2.8B units in 2022. In general, consumption, however, continues to indicate strong growth. Over the period under review, global consumption of reached the peak volume at 3B units in 2021, and then contracted slightly in the following year.
The size of the market for special-purpose electric lamps and lighting fittings worldwide reduced slightly to $46.9B in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $48.3B. From 2021 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (780M units), China (613M units) and Japan (115M units), together accounting for 53% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of fittings, amongst the leading consuming countries, was attained by the United States (with a CAGR of +22.8%), while fittings for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($13.5B), Japan ($9.2B) and China ($5B) appeared to be the countries with the highest levels of market value in 2022, with a combined 59% share of the global market.
The United States, with a CAGR of +20.3%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while fittings for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of special-purpose electric lamp and lighting fitting per capita consumption in 2022 were the United States (2.3 units per person), Poland (1.5 units per person) and the UK (1.5 units per person).
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +21.9%), while fittings for the other global leaders experienced more modest paces of growth.
Production
World Production of Special-Purpose Electric Lamps and Lighting Fittings
In 2022, production of special-purpose electric lamps and lighting fittings decreased by -4.6% to 5.5B units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 108%. Over the period under review, global production of reached the maximum volume at 5.8B units in 2021, and then contracted in the following year.
In value terms, production of special-purpose electric lamps and lighting fittings skyrocketed to $57.4B in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 95% against the previous year. As a result, production attained the peak level of $65.4B. From 2021 to 2022, global production of growth remained at a somewhat lower figure.
Production By Country
China (4.8B units) constituted the country with the largest volume of production of special-purpose electric lamps and lighting fittings, comprising approx. 88% of total volume. It was followed by Japan (100M units), with a 1.8% share of total production.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +21.0%.
Imports
World Imports of Special-Purpose Electric Lamps and Lighting Fittings
After three years of growth, purchases abroad of special-purpose electric lamps and lighting fittings decreased by -9.7% to 2.3B units in 2022. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when imports increased by 98% against the previous year. Over the period under review, global imports of attained the peak figure at 2.5B units in 2021, and then shrank in the following year.
In value terms, imports of special-purpose electric lamps and lighting fittings shrank to $16.8B in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, global imports of reached the peak figure at $19.5B in 2021, and then fell in the following year.
Imports By Country
The United States was the key importer of special-purpose electric lamps and lighting fittings in the world, with the volume of imports recording 789M units, which was near 34% of total imports in 2022. It was distantly followed by Germany (203M units), the Netherlands (118M units) and France (108M units), together making up a 19% share of total imports. Poland (73M units), Thailand (68M units), Belgium (65M units), the UK (60M units), Spain (57M units), Italy (43M units), Sweden (40M units) and the United Arab Emirates (39M units) took a relatively small share of total imports.
Imports into the United States increased at an average annual rate of +21.2% from 2012 to 2022. At the same time, Thailand (+24.2%), Poland (+21.2%), Spain (+20.4%), the Netherlands (+16.7%), Germany (+14.1%), Italy (+13.9%), Belgium (+12.9%), Sweden (+12.6%), France (+11.6%) and the UK (+5.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +24.2% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. While the share of the United States (+19 p.p.), Thailand (+1.9 p.p.), Poland (+1.7 p.p.) and the Netherlands (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-2.4 p.p.) and the United Arab Emirates (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($3.5B) constitutes the largest market for imported special-purpose electric lamps and lighting fittings worldwide, comprising 21% of global imports. The second position in the ranking was held by Germany ($1.4B), with an 8.5% share of global imports. It was followed by the UK, with a 4.7% share.
From 2012 to 2022, the average annual growth rate of value in the United States amounted to +1.6%. In the other countries, the average annual rates were as follows: Germany (+1.8% per year) and the UK (+4.2% per year).
Import Prices By Country
In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $7.3 per unit, dropping by -4.8% against the previous year. Overall, the import price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 5.7% against the previous year. Over the period under review, average import prices hit record highs at $19 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($13 per unit), while Thailand (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.4%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Special-Purpose Electric Lamps and Lighting Fittings
In 2022, after three years of growth, there was significant decline in shipments abroad of special-purpose electric lamps and lighting fittings, when their volume decreased by -7.3% to 4.9B units. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 141%. Over the period under review, the global exports of attained the peak figure at 5.3B units in 2021, and then declined in the following year.
In value terms, exports of special-purpose electric lamps and lighting fittings contracted significantly to $8.6B in 2022. Overall, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 with an increase of 35%. Over the period under review, the global exports of reached the peak figure at $31.5B in 2021, and then declined rapidly in the following year.
Exports By Country
China prevails in fittings structure, resulting at 4.2B units, which was approx. 86% of total exports in 2022. The following exporters - the Netherlands (110M units) and Germany (90M units) - each amounted to a 4% share of total exports.
China was also the fastest-growing in terms of the special-purpose electric lamps and lighting fittings exports, with a CAGR of +23.9% from 2012 to 2022. At the same time, the Netherlands (+21.0%) and Germany (+10.9%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +24 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($1.4B) emerged as the largest special-purpose electric lamp and lighting fitting supplier worldwide, comprising 16% of global exports. The second position in the ranking was taken by the Netherlands ($596M), with a 6.9% share of global exports.
From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (+4.6% per year) and China (-60.7% per year).
Export Prices By Country
In 2022, the average export price for special-purpose electric lamps and lighting fittings amounted to $1.7 per unit, waning by -70.5% against the previous year. In general, the export price continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2016 an increase of 85%. As a result, the export price reached the peak level of $30 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($15 per unit), while China (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-10.1%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global market for special-purpose electric lamp and lighting fitting. 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:
- Prodcom 27403930 - Electric lamps and lighting fittings, of plastic and other materials, of a kind used for filament lamps and tubular fluorescent lamps
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
This report provides an in-depth analysis of the global market for special-purpose electric lamp and lighting fitting.
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