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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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 Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 2.8% during 2024-2032.
The factors driving the market growth are increasing expenditure on decorative lights during festivals, expansion of online channels, rising integration of new technologies, and government ban on the use of CFLs.
The key market trend guiding the industry growth includes the rising adoption of LED curtains lights by hospitality players like restaurants and food outlets for outdoor and indoor decorations.
The key regional markets for LED curtain lights are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The types include monochromatic and multicolour.
The distribution channels include online and offline.
The key players in the market include Govee Moments Trading Limited, Ledworks S.r.l, LASER Corporation, Orient Electric, and Minetom, among others.
The global market for LED curtain lights reached a value of USD 2.11 billion in 2023.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 3.51 billion by 2032.
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