Chandelier Market Segmented On The Basis Of Product, Application, Distribution Channel, Region And Forecast 2025

22/mag/2020 12:17:30 Grand View Research Contatta l'autore

Chandelier Market

San Francisco, 22 May 2020: The Report Chandelier Market Size, Share & Trends Analysis Report By Product (Traditional, Transitional, Modern), By Application (Residential, Commercial), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025

The global chandelier market size is expected to reach USD 8.5 billion by 2025, at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Increasing use of chandeliers as decorative lighting product in commercial spaces is expected to impel market growth. Growing awareness regarding interior decoration coupled with increasing investments in home décor, especially by affluent millennials is anticipated to propel the growth. Social networking sites  play a vital role in promoting the use of chandeliers to enhance residential as well as commercial decor, which in turn is expected to fuel the product demand.

Over the past few years, the raw material preference is shifting from crystal to other materials such as metal, glass, wood, plastic, and concrete. Rising popularity of products made using a combination of materials, such as metal and wood or metal and glass is expected to create growth opportunities for manufacturers. In addition, rising popularity of black and other dark colored chandeliers for restrained and bright interiors is expected to drive the market growth.

Transitional chandeliers held the dominant market share of over 35% in terms of revenue in 2018. Transitional variants are a combination of both traditional as well as modern kinds. The product has gained popularity among consumers owing to innovative designs that beautifully blend with any type of interior. Iron, nickel, bronze, brass, steel, and copper are the commonly used raw materials for these products.

Asia Pacific is anticipated to exhibit the fastest CAGR over the forecast period, attributed to increasing investments in property renovation. Growing popularity of China, Thailand, India, Sri Lanka, and Maldives as tourist destinations is anticipated to drive the regional product demand. Moreover, increasing use of luxury decorative lighting in commercial places, such as hotels and restaurants will drive the growth of the market.

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Chandelier Market Report Highlights

  • Transitional product generated a market revenue of more than USD 2 billion in 2018. This segment is expected to continue this dominance in near future, owing to versatility of the product
  • In terms of application, commercial sector held the dominant market share of more than 60% in 2018, owing high demand for the product from commercial places
  • Modern chandelier segment is expected to witness the fastest CAGR of 3.8% from 2019 to 2025, owing to innovative designs suitable for modern homes
  • North America held the dominant market share of 31.7% in 2018 and is anticipated to continue leading over the forecast period
  • Online distribution channel is expected to witness a CAGR of 4.8% from 2019 to 2025
  • Some of the key players are Elegant Lighting; Generation Brands LLC; Koninklijke Philips N.V.; Maxim Lighting International; HSL Worldwide Lighting Corporation; Acuity Brands Lighting Inc.; Hubbell Incorporated; Vanguard Lighting Co. Ltd.; King's Chandelier Company, and James R. Moder Crystal Chandelier Inc.

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Grand View Research has segmented chandelier market on the basis of product, application, distribution channel, and region:

Chandelier Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Traditional
  • Transitional
  • Modern

Chandelier Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Residential
  • Commercial

Chandelier Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline
  • Online

Chandelier Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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