Reports
Reports
Sale
The North America residential lighting fixture market reached approximately USD 20.49 billion in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032, reaching a value of around USD 38.64 billion by 2032.
North America Residential Lighting Fixture Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 20.49 |
Market Size 2032 | USD Billion | 38.64 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 7.3% |
CAGR 2024-2032 - Market by Region | Canada | 7.5% |
CAGR 2024-2032 - Market by Region | United States | 7.1% |
CAGR 2024-2032 - Market by Application | Indoor | 7.6% |
CAGR 2024-2032 - Market by Distribution Channel | Online | 8.0% |
Market Share by Country | United States | XX% |
The residential lighting fixture market in North America is driven by the increasing residential construction and home renovation activities in both the countries. The growing home renovation projects add to the demand for superior indoor and outdoor lighting for practical and decorative purposes, which, in turn, drives the residential lighting fixture demand. With the growing technological advances and the rise of smart home concept, there has been a surge in demand for wireless lighting fixtures and systems. Moreover, with the growing focus on sustainability in both the US and Canada, the demand for LED lighting fixtures is expected to continue to surge in the coming years.
The North America residential lighting fixture market is expected to experience significant growth from 2024 to 2032. As per North America residential lighting fixture industry analysis, the indoor segment is projected to grow at a compound annual growth rate (CAGR) of 7.6%, while the outdoor segment is anticipated to grow at a slightly lower CAGR of 6.9%. This growth reflects increasing demand and investment in lighting solutions for both indoor and outdoor residential applications, driven by advancements in technology, energy efficiency improvements, and rising consumer awareness about the benefits of modern lighting systems.
CAGR 2024-2032 - Market by | Application |
Indoor | 7.6% |
Outdoor | 6.9% |
The market is poised for robust growth from 2024 to 2032, with notable differences across distribution channels. The online distribution channel is expected to lead the market expansion with a compound annual growth rate (CAGR) of 8.0%. In contrast, the offline distribution channel is projected to grow at a CAGR of 6.6%. The increasing preference among consumers for online purchasing, driven by the convenience, broader selection, and competitive pricing available through online platforms is increasing the North America residential lighting fixture market value. The offline channel, while growing at a slower pace, continues to be significant, reflecting ongoing consumer trust in physical stores and the tangible experience they offer.
CAGR 2024-2032 - Market by | Distribution Channel |
Online | 8.0% |
Offline | 6.6% |
The residential lighting fixture market is set to experience considerable growth from 2024 to 2032, with varying rates across different countries. In the United States, the market is anticipated to grow at a compound annual growth rate (CAGR) of 7.1%. Meanwhile, Canada is expected to see a slightly higher growth rate with a CAGR of 7.5%. This regional growth highlights the expanding demand for residential lighting solutions driven by technological advancements, energy efficiency initiatives, and increasing consumer awareness in both countries, thus increasing the North America residential lighting fixture market revenue. The relatively higher growth rate in Canada suggests a strong market potential and increasing investments in residential lighting infrastructure.
CAGR 2024-2032 - Market by | Country |
Canada | 7.5% |
United States | 7.1% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the North America residential lighting fixture market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the North America residential lighting fixture industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the North America residential lighting fixture market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the North America residential lighting fixture market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product Type |
|
Breakup by Light Source |
|
Breakup by Application |
|
Breakup by Distribution Channel |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Residential Lighting Fixture Market Analysis
8.1 Key Industry Highlights
8.2 North America Residential Lighting Fixture Historical Market (2018-2023)
8.3 North America Residential Lighting Fixture Market Forecast (2024-2032)
9 North America Residential Lighting Fixture Market by Product Type
9.1 Ceiling Fixtures
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Wall Fixtures
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Pendant Fixtures
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Chandeliers
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Table Lamps
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Floor Lamps
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Recessed Lighting
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Track Lighting
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Others
10 North America Residential Lighting Fixture Market by Light Source
10.1 LED
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fluorescent
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Incandescent
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Halogen
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Residential Lighting Fixture Market by Application
11.1 Indoor
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Outdoor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Residential Lighting Fixture Market by Distribution Channel
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Residential Lighting Fixture Market by Country
13.1 United States
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Signify N.V. (Philips Lighting)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 General Electric Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Acuity Brands, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Osram Licht AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Panasonic Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.