Global LED Curtain Lights Market Growth Analysis - Forecast Trends and Outlook (2024-2032)

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Global LED Curtain Lights Market Growth

During large-scale events, LED curtain lights are used to enhance the aesthetic appeal of the setup and the venue. In the first three quarters of 2023, a total of 342,000 commercial live performances were staged in China, attracting 111 million audiences.

LED curtain lights are widely used in restaurants, hotels, and commercial buildings owing to their energy efficiency.  In 2022, the global hospitality market grew from USD 4.39 trillion to USD 4.69 trillion in 2023, at a CAGR of 7%. Further, according to the Office for National Statistics, in March 2023, there were 88,310 restaurants, cafes, bars, and pubs in the UK.

The total number of online shoppers is projected to reach 2.71 billion consumers by the end of 2024. In the U.S., as of 2022, 55% of home furnishing sales were controlled by 11 brands, including Walmart, Costco, Target, Amazon, Ikea, and others. The remaining 45% of the sales were controlled by small, independent businesses. Online channels offer LED curtain lights in diverse shapes and colours with quick doorstep delivery. Due to consumers’ changing preferences, manufacturers are customising such lights and adding personal touches to gain a competitive edge.

Figure: Global E-Commerce Revenue for Electronics, USD Billion, 2018-2027

Key Trends and Developments

Global LED Curtain Lights Market Trends

The disadvantages of CFLs, such as extensive energy consumption compared to LEDs and the presence of mercury that is hazardous to humans along with the environment if not disposed of properly, have contributed to their undesirability among the population. In December 2022, the USA’s federal government proposed regulations for phasing out CFLs by 2025 as part of its climate change strategy.

By integrating advanced connectivity technologies such as Bluetooth and Wi-Fi, people can control lighting through online applications. The integration of chips and connectivity modules allows consumers to remotely perform several tasks such as dimming, turning lights on/off, choosing brightness and colour, and ensuring efficient energy management.

Commercial establishments, such as restaurants, hotels, office buildings, shopping centers, and pubs employ LED curtain lights for various events to improve their ambiance, benefiting from their long lifespan and low energy consumption. As new buildings, shopping centers, hotels, restaurants, and entertainment venues are constructed, the demand for innovative and energy-efficient lighting solutions like LED curtain lights increases.

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Global LED Curtain Lights Industry Segmentation

Global LED Curtain Lights Market Share

Based on type, monochromatic accounts for a significant share of the market

Monochromatic LED curtain lights are known for their energy-saving capabilities. It is suitable for a wide range of applications such as homes, offices, retail stores, and hospitality venues. Between 2023 and 2028, Europe's luxury hotel stock is expected to grow by 52.8%, adding approximately 4,000 new rooms. Further, the rising prevalence of aesthetic Airbnb is supporting the demand.

The rising popularity of smart LED curtains is supporting the multicolour LED curtain market. It is ideal for creating vibrant and engaging lighting effects in events, game rooms, holiday decorations, and commercial displays. Advancements in technology and increasing research and development in smart lighting and RGBIC technology are shaping the market.

Based on distribution channel, offline is a major contributor to the global LED curtain lights market revenue

According to industry reports, 56% of people prefer in-store shopping for home décor, with over 42% feeling overwhelmed by online options. Moreover, about 88% of the people in the United States have access to a home decor retailer within a 30-minute radius of where they live. Retailers like Walmart, Target and Tesco offer a diverse range of LED curtain lights for various occasions including Christmas, New Year’s, Valentine’s Day, party backdrop, weddings, and room decorations.

In 2023, global e-commerce electronic sales accounted for 26.3% of the overall industry, which reached USD 990 billion. It is expected to grow at a CAGR of 9.4% during 2023-2027. Further, internet users are expected to increase by 47% from 5.35 billion in 2024 to 7.9 billion in 2029.

Leading Players in the Global LED Curtain Lights Market

The market players are focused on providing products at competitive prices and high quality, with improved customer service, product support, and performance features.

Govee Moments Trading Limited

Founded in 2017, Govee is engaged in providing innovative lighting solutions and smart appliances. The company has 436 patents under its name. Smart lights provided by the company include outdoor lights, smart lamps, TV lights, gaming lights, strip lights, wall lights, ceiling lights, bulbs, projector lights, and holiday decor lights.

Ledworks S.r.l

Established in 2016, twinkly (LEDWORKS SRL), is engaged in providing decorative lights. The Italian company ma...

LASER Corporation

Headquartered in Sydney, Australia, Laser Corporation is a prominent vendor of consumer electronics accessorie...

Orient Electric

Headquartered in New Delhi, India, Orient Electric is a part of the CK Birla Group, an Indian multinational co...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Minetom

Minetom is a manufacturer of decorative lighting products, including string lights, Christmas lights, rope lights, and fairy lights. Established in 2014, the company boasts more than 35,000 sales per year.

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Global LED Curtain Lights Market Analysis by Region

Rising tourism in Europe increases decorative needs in hospitality and retail sectors, as hotels and restaurants invest in enhancing ambiance and aesthetics to attract visitors. As per Eurostat, the total number of nights spent in tourist accommodation in 2022 reached 2.72 billion.

In 2022, the total expenditure for decorations during Christmas in the United States was recorded at USD 231 per person. In 2023, Canadians spent USD 1,725.3 as part of their Christmas expenditure, totalling 41.6% of their monthly salary.

According to ADB, Asia Pacific is expected to account for 60% of the global e-commerce market by 2025. This surge highlights the region's enhanced accessibility, variety, and affordability of products, including LED curtain lights, thereby boosting consumer demand and sales.

LED Curtain Lights Market Report Snapshots

LED Curtain Lights Market Size

LED Curtain Lights Market Growth

LED Curtain Lights Market Trends

LED Curtain Lights Market Share

LED Curtain Lights Market Analysis

LED Curtain Lights Companies

LED Curtain Lights Market Regional Analysis