(MENAFN- The Express Wire) Flameless LED Battery-Powered Candles Market Analysis Report 2023: 360-degree view of the Industry covering all essential aspects that impact the industry like key market trends, growth drivers, challenges, and opportunities.
New Report ( 110 Pages) | Consumer Goods| The objective of " flameless led battery-powered candles market " report is to provide insights on market players like ( LuxuryLite, Hollowick, Yiwu Sheng Da Art Co. Ltd, Battery Operated Candles, Q Candles, KWUNG'S HOLDINGS LIMITED, Aoyin Xingtang Candle Co,.LTD, Lights4fun, LampLust, IKEA, Sterno Home, Smart Candle, Hebei Huaming Laye Limited Company, Philips, The Amazing Flameless Candle, Luminara ) in this field, assisting them in evaluating their business strategies. The report covers market segmentation by major market vendors, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America). It aims to help readers understand the market in depth.
The global Flameless LED Battery-Powered Candles market size was valued at USD 230.49 Million in 2022 and will reach USD 302.57 Million in 2028, with a CAGR of 4.64% during 2022-2028. ask for a sample report
Flameless LED Battery-Powered Candles Market overview and Forecast Scenarios to 2030
With the development of society, environmental protection and energy saving flameless LED battery-powered candles are widely used in life. The flameless LED battery-powered candles have a tiny embedded LED light circuit board running on the battery, which often looks like a real candle. The flame head contains at least one LED lamp that illuminates the flame plate. The LED lamp is installed on the flame plate base and the control circuit is electrically connected to the LED lamp. Meanwhile, the LED lamp emits a warm white light or a tender yellow light. The advantages of flameless LED battery-powered candles are that they require very little space and consume very little energy. flameless LED battery-powered candles is suitable for all kinds of candle stand. It can be used as small night light for illumination and other decoration. It is also safe and environmental friendly.
Influence of COVID-19 Outbreak on Flameless LED Battery-Powered Candles Industry Development
The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some flameless LED battery-powered candles enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
The epidemic will have a short-term impact on flameless LED battery-powered candles industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in flameless LED battery-powered candles industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
Drivers
With a large population, the Asia-pacific region has a great demand for flameless LED battery-powered candles. With the rapid economic and technological development in the Asia-Pacific region, peopleâs lifestyles have also changed accordingly. People are increasingly chasing an emotional and quality lifestyle. The urban renewal in the Asia-Pacific region has increased the residential housing. Flameless LED battery candle serves as a good household adornment and atmosphere to move article, demand also increases gradually, which makes the Asia-Pacific region an emerging and growing market for the industry. Furthermore, the growth of the global flameless LED battery-powered candles market is expected to be the fastest in the Asia Pacific region. This growth is supported by countries such as Australia, Japan, China, and India.
Limitations
With major manufacturers and suppliers in the flameless LED battery-powered candles industry competing at globally, the intensity of competition within the flameless LED battery-powered candles industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a candle making business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established candle manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes.
Region Overview:
China had the highest growth rate of all regions.
Company Overview:
KWUNG'S HOLDINGS LIMITED is one of the major players operating in the Flameless LED Battery-Powered Candles market, holding a share of 10.26% in 2020.
Kwung's Holdings Limited operates as a holding company. he Company, through its subsidiaries, focuses on manufacturing home furnishings products such as candles, aromatherapy stoves, and other decorative related items.
Ikea Group Corp produces and distributes household appliances and home furniture products. The Company offers ovens, dishwashers, fridge, dining tables, twin beds, ceiling lights, faucets, sauce pans, pillows, bags, storage boxes, and mirrors. Ikea Group markets its products worldwide.
Segmentation Overview:
Among different product types, Pillar Candles segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Commercial Use segment occupied the biggest share from 2017 to 2022
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
TOP COMPANIES/MANUFACTURERS Dominating the Global Flameless LED Battery-Powered Candles Market are listed below:
LuxuryLite Hollowick Yiwu Sheng Da Art Co. Ltd Battery Operated Candles Q Candles KWUNG'S HOLDINGS LIMITED Aoyin Xingtang Candle Co,.LTD Lights4fun LampLust IKEA Sterno Home Smart Candle Hebei Huaming Laye Limited Company Philips The Amazing Flameless Candle Luminara
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Key Points this Global Flameless LED Battery-Powered Candles Market Report Include:
Market Size Estimates: Flameless LED Battery-Powered Candles market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends : Flameless LED Battery-Powered Candles market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia and Ukraine War on the Flameless LED Battery-Powered Candles market
Segment Market Analysis: Flameless LED Battery-Powered Candles market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Flameless LED Battery-Powered Candles market situations and prospects in major and top regions and countries
Flameless LED Battery-Powered Candles Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
Flameless LED Battery-Powered Candles Industry Chain: Flameless LED Battery-Powered Candles market raw materials and suppliers, manufacturing process, distributors by region, downstream customers
Flameless LED Battery-Powered Candles Industry News, Policies by regions
Flameless LED Battery-Powered Candles Industry Porters Five Forces Analysis
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Key highlights of the report:
- Define, describe and forecast Flameless LED Battery-Powered Candles product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Flameless LED Battery-Powered Candles Market Product Insights:
Based on the Flameless LED Battery-Powered Candles market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analysed in detail. To Boost Growth during the epidemic era, this report analyses in detail for the potential risks and opportunities which can be focused on.
Based on TYPE, the Flameless LED Battery-Powered Candles market from 2023 to 2030 is primarily split into:
Taper Candles Pillar Candles Votive Candles Other Types
Based on applications, the Flameless LED Battery-Powered Candles market from 2023 to 2030 covers:
Commercial Use Personal Use
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Regional Insights:
Here is the list of regions covered: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East and Africa:Turkey, Saudi, Arabia, UAE, Korea.
COVID-19 AND RUSSIA-UKRAINE WAR INFLUENCE ANALYSIS:
The readers in the section will understand how the Flameless LED Battery-Powered Candles market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
The Flameless LED Battery-Powered Candles market revenue was Million USD in 2016, grew to Million USD in 2023, and will reach Million USD in 2030, with a CAGR of during 2023-2030.Considering the influence of COVID-19 on the global Flameless LED Battery-Powered Candles market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
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Years considered for this report:
Historical Years: 2016-2023
Base Year: 2023
Estimated Year: 2023
Forecast Period: 2023-2030
Key highlights of the report:
- Define, describe and forecast Flameless LED Battery-Powered Candles product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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Chapter Outline mentioned in Flameless LED Battery-Powered Candles Market Report:
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Flameless LED Battery-Powered Candles market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Flameless LED Battery-Powered Candles industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Flameless LED Battery-Powered Candles market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' MandA and expansion in recent years.
Chapter 4 is an analysis of the Flameless LED Battery-Powered Candles industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Flameless LED Battery-Powered Candles market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Flameless LED Battery-Powered Candles market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Flameless LED Battery-Powered Candles market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
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