(MENAFN- EIN Presswire)
The major players operating in the table lamp market include IKEA, Philips Lighting (Signify) , Acuity Brands, FLOS, Artemide, Kartell, and West Elm.
The global table lamp market size was valued at $5.8 million in 2023, and is projected to reach $8.7 million by 2033, growing at a CAGR of 4.2% from 2024 to 2033.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, November 14, 2024 /EINPresswire / -- The global table lamp market size was valued at $5.8 million in 2023, and is projected to reach $8.7 million by 2033, growing at a CAGR of 4.2% from 2024 to 2033.
The global industry dedicated to the creation, manufacturing, and distribution of table lamps is included in the table lamp market. Table lamps are crucial lighting fixtures for residential and commercial spaces as they provide focused illumination that improves both appearance and utility. This market offers a broad variety of products with classic and contemporary designs that combine different elements like ceramics, glass, and metal.
Growing urbanization increased disposable incomes, and consumer interest in interior design are some of the factors driving the need for table lights. Innovations in technology, such as the incorporation of smart features and LED illumination, are also driving market expansion. The market meets the demands and desires of a wide range of customers, including those in the residential, commercial, and hospitality sectors.
Download Report (250 Pages PDF with Insights, Charts, Tables, Figures) at
Key Takeaways
The table lamp's market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2024-2033.
More than 1, 500 product literature, industry releases, annual reports, and other such documents of major table lamp industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious table lamp market growth objectives.
Market Segmentation
The table lamp market is segmented into type, light source, distribution channel, and region. On the basis of type, the market is divided into desk lamps, bedside lamps, floor lamps, and others. On the basis of light source, the market is bifurcated into incandescent, LED, halogen, and others. On the basis of distribution channel, the market is segmented into online and offline. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Regional/Country Market Outlook
The increasing emphasis on interior decor, rising disposable incomes, and expanding urbanization are all driving the steady expansion of the global table lamp market. The table lamp market demand varies greatly between nations and regions due to factors such as economic situations, cultural preferences, and the rate of development of the residential and commercial sectors.
The U.S. is the main contributor to the well-established North America table lamp market. High disposable earnings and a strong desire for modern and minimalist home décor are the main drivers of demand. The growing popularity of remote work has also had an impact on the market, driving up demand for home office furnishings like table lights.
In addition, Europe is a major market as well, with the UK, France, and Germany at the forefront. There is a strong market need for environmentally friendly and energy-efficient lighting options. Since the European Union places a high value on craftsmanship and aesthetics, its consumers are likewise attracted to luxury and designer table lamps.
Furthermore, the market for table lamps is expanding at the fastest pace in the Asia-Pacific region due to the region's rapid urbanization and the growing middle-class populations of China, India, and Japan. There is a wide range of demand for products in this market, from high to reasonably priced. China is a major market for table lamp production and consumption due to its expanding impact on global manufacturing.
Although at a slower rate, the Middle East and Africa table lamp market is expanding. The construction boom in the Gulf Cooperation Council (GCC) countries, where exquisite and complex lighting fixtures are favored, is the main factor driving the demand. The market has only begun to develop in Africa, and rising urbanization and electrification are driving demand.
Moreover, Brazil and Mexico are the two main table lamp markets in Latin America. The improving state of the economy and the rising popularity of stylish and contemporary home décor are driving the market's expansion. Therefore, the pace of urban development, economic variables, and regional preferences all influence the table lamp market, which has enormous potential to grow in emerging economies.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at
Key Benefits For Stakeholders
This report provides a quantitative analysis of the table lamp market share, segments, current trends, estimations, and dynamics of the table lamp market analysis from 2024 to 2033 to identify the prevailing table lamp market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the table lamp market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global table lamp market trends, key players, market segments, application areas, and market growth strategies.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN14112024003118003196ID1108887044