The lighting fixtures manufacturing industry (that manufactures electric lighting fixtures, non-electric lighting equipment, lighting fixture components and lampshades made of metal, paper or textiles) is traditionally an industry with low barriers to entry where there are no, or minimum, regulations, licensing or more general constraints to prevent a new company from entering the industry.
Because of low barriers to entry the industry, to stay competitive companies have no choice than constantly researching and developing new technologies.
The value of the US market for the lighting fixtures industry in 2017 is estimated to be $20.7 billion, with a 2% increase compared to 2016. The market is expected to pick up in 2018 (+3.5%) and further improve in 2019 and 2020 (+4% each).
The LED-based segment reached 51.4% of the total market in 2016; it has been growing especially for the outdoor lighting applications, where today it accounts for around 70%. Overall, in 2016, the growth rate of LED fixtures consumption was 26%.
Most interesting is the accelerated growth of the ecommerce: online sales have averaged a yearly 20% growth from 2010 to 2016 with online only companies peaking at 31% overall growth from 2010.
Younger generations (Millennials and iGen) looking for shopping for lighting fixtures are more and more attracted by mobile commerce.
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