Global Floor Lamps Market Report and Forecast 2024-2032

Global Floor Lamps Market Outlook

The global floor lamps market size reached a value of approximately USD 4.23 billion in 2023. The market is further projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of USD 6.05 billion by 2032.

Key Trends in the Market

Floor lamp is a tall electric lamp that is attached to a base resting on the ground that can balance out the brightness produced by the ceiling lights by illuminating an individual’s eye-level area. It is often used as a standalone lighting solution, focusing on a particular spot in the room and requires no professional help for installation.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• The rising population and growing urbanisation have led to rapid increase in the construction of residential and commercial buildings and hotels, which in turn is leading to a rise in sales of floor lamps across the globe.

• The popularity of LED lights owing to their ability to consume less energy and produce more light has encouraged manufacturers to develop new LED lighting technologies for utilisation in floor lamps, further enhancing the floor lamps market demand.

• The key players in the market are increasingly investing towards developing innovative and novel floor lamps with advanced lighting technologies. They are also focused towards boosting their lifespans and increasing their durability, which is likely to further boost the adoption of floor lamps for various commercial and industrial applications.

Market Analysis

Based on type, the market is divided into arc floor lamps, industrial floor lamps, modern floor lamps, tree floor lamps, rustic floor lamps, torchiere floor lamps, classic floor lamps, and console floor lamps, among others. On the basis of application, the market is segmented into commercial, household, and industrial. By distribution channel, the market is categorised into online and offline. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global floor lamps market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• IKEA Group

• VENINI S.p.A.

• Lumens (YDesign Group, LLC)

• Koninklijke Philips N.V

• Baulmann Leuchten GmbH

• Panasonic Corporation

• ANTA Leuchten Kristian Kracht

• The White Teak Company (Obgenix Software Pvt. Ltd)

• CB2 (Euromarket Designs, Inc.)

• Adesso Inc.

• Others

Market Share by Type

The arc floor lamps are anticipated to account for a significant share in the market owing to the increasing utilisation of these lamps for creating a mid-century modern ambience at homes. These floor lamps are known for providing harmony and warmth in the room they are placed in and are excellent for studying, working, and reading. The ability of arc lamps to provide indirect lighting while taking up very little space is another major factor boosting the growth of the segment and aiding the floor lamps market expansion.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Share by Region

North America held a significant share of the market as it is one of the largest producer and consumer of floor lamps across the globe. High disposable incomes of the North American population allow them to purchase products like floor lamps to create a better ambience at home. Additionally, the strong presence of key market players in the region and the rising focus of manufacturers on designing innovative and better quality products to meet the customer requirements are further aiding the floor lamps market growth in North America.

Competitive Landscape

IKEA Group was founded in 1943 and is headquartered in Delft, Netherlands. The retail company develops, designs, manufactures, and sells well-designed, high quality, functional and affordable home furnishing products.

VENINI S.p.A. is a design service company that was founded in 1921. The company is headquartered in Venice, Italy and is known for providing consumers with glass, Murano glass, and sculptures, among others.

Lumens (YDesign Group, LLC) was established in 2001 and has its headquarters located in California, United States. The retail company specialises in FLOS lighting, modern outdoor furniture, and modern office furniture, among others.

Other players in the floor lamps market include Koninklijke Philips N.V, Baulmann Leuchten GmbH, Panasonic Corporation, ANTA Leuchten Kristian Kracht, The White Teak Company (Obgenix Software Pvt. Ltd), CB2 (Euromarket Designs, Inc.), and Adesso Inc., among others.

Key Highlights of the Report