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Floor Lamps Market by Product Type (Modern lamps, Rustic lamps, Others (classic lamps, etc.)), by Distribution Channel (Online, Offline), by End User (Residential, Commercial, Industrial), by North America (U.S., Canada, Rest of North America), by Europe (UK, Germany, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, Indonesia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Rest of MEA) Forecast 2025-2033
The value of the global market of floor lamps was USD 3 billion and is expected to register a growth of 4.7% annum during the period 2023-2030. In general, there has been a growth in demand due to increased consumer spending for home décor, rapid urbanization, and smart homes of the world. As people become more interested in beautiful and useful homes, the need for attractive, practical, floor lamps becomes significant. A significant increase in market demand also is being influenced by growing needs for energy-saving lightings and easy access to internet shopping sites where floor lamps are sold. The growth trend is supported by the fact that, in emerging economies, disposable incomes are elevated and house-hold spending on home improvement products was higher in the past few years. Consumers want sophisticated, new lighting solutions. In the coming years, the market for floor lamps will also observe growth in demand.
The floor lamps market is moderately concentrated, with the top 10 players accounting for around 25% of the global market share. The market is characterized by a presence of both international and local players.
Major players in the floor lamps market include:
The market is also characterized by a high level of innovation, with new products and technologies being introduced regularly. This innovation is driven by the need to meet the evolving needs of consumers.
The Floor Lamps Market Report provides comprehensive insights into the market, including:
The report also includes deliverables such as:
The floor lamps market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is expected to reach a value of $5 billion by 2030.
The floor lamps market is being propelled by a number of factors, including:
The floor lamps market is also facing some challenges and restraints, including:
Some of the emerging trends in the floor lamps market include:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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