The work light market size is expected to see steady growth in the next few years. It will grow to $40.95 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The anticipated growth in the forecast period can be attributed to factors such as the increasing trend of DIY (do-it-yourself) projects, the adoption of smart lighting solutions, the rise of portable and compact designs in work lights, the emphasis on green and sustainable practices, and the expansion of end-user industries. Major trends expected in the forecast period include technological integration for task-specific lighting, advancements in LED technology, the dominance of LED technology in work lights, an emphasis on durability and robust construction, and the popularity of cordless and portable designs. These trends indicate a dynamic landscape in the work light market, driven by evolving consumer preferences and advancements in lighting technology.
The anticipated increase in the number of construction projects is poised to drive the growth of the work light market. Construction projects involve organized processes of constructing, renovating, refurbishing, retrofitting, or adapting built assets, such as buildings, tunnels, or bridges. These projects are temporary in nature and aim to achieve specified goals while working within certain constraints. Work lights play a crucial role in construction projects by providing adequate lighting for workers, ensuring safe and efficient task performance. Effective lighting solutions contribute to increased productivity, reduced accidents, and improved employee well-being. In September 2021, Oxford Economics reported global construction output of $10.7 trillion in 2020, projecting a substantial growth of 42%, equivalent to $4.5 trillion, between 2020 and 2030, with the anticipation that global construction output would reach $15.2 trillion. The rising number of construction projects stands as a key driver for the growth of the work light market.
Major companies in the work light market are actively developing innovative solutions that leverage advanced technologies, such as the HELLA S-series with innovative LED technology, to gain a competitive edge. Innovative LED technology in work lights offers benefits such as improved energy efficiency, longer lifespan, durability, versatility, color accuracy, smart features, and easy installation. For instance, in November 2023, Hella Inc., a US-based automotive supplier specializing in lighting technology, introduced the Hella S-series, a new work lamp series offering innovative LED technology at an optimal price-performance ratio. These lamps provide outstanding lumen-watt performance, easy conversion, and homogeneous illumination with a light color similar to daylight. The universal and thin design allows vehicle makers to transition from halogen headlamps to LED technology easily, using materials with strong corrosion resistance and reduced weight.
In February 2022, GE Current, a US-based energy management systems company, successfully acquired the commercial and industrial (C&I) lighting business of Hubbell Incorporated for an undisclosed amount. This strategic acquisition enhances GE Current's distribution alliances and specialized agent networks for listed companies and brands, strengthening its position in the work light market. Hubbell Incorporated, a US-based company, designs and manufactures work lights, offering a range of temporary lighting products.
Major companies operating in the work light market report are Horpol J.I.A.T., HARMAN International (Samsung), Cooper Industries (EATON Corporation), Osram Licht AG, Peterson Manufacturing, Absen Inc., Luceco plc, Bayco Products Inc., Hugo Brennenstuhl GmbH & Co Kommanditgesellschaft, Streamlight Inc., Lex Products Corp., Ericson Manufacturing Co., Scangrip North America Inc., Apollo Design Technology, Ledlenser GmbH & Co. KG, Altman Lighting Inc., Gentos Co. Ltd., ABL Lights Inc., WF Harris Lighting among other, Signify, Larson Electronics LLC, Blizzard Lighting LLC, AIS Lights, Antari, Ayrton, KIRA Leuchten GmbH, Luxgend Electronics Co. Ltd., Steisone (STE)
Asia-Pacific was the largest region in the work light market in 2023. The regions covered in the work light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the work light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The work light market consists of sales of portable work lights, task lights, handheld lights, floodlights, light towers, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
A work light is a lighting source, either portable or fixed, designed for use in various work settings, including outdoor projects, workshops, and construction sites. The primary purpose of a work light is to provide sufficient illumination for tasks conducted in low-light conditions. These lights are specifically crafted to support activities such as drilling, welding, cutting, and basic construction work, ensuring that work can proceed effectively and safely even in environments with limited natural light.
Work light products come in various types, including flashlights, spotlights, clamplights, lanterns, and others. A flashlight is a portable handheld electric lamp consisting of a light source mounted in a reflector, a transparent cover (sometimes combined with a lens) to protect the light source and reflector, a battery, and a switch - all enclosed in a case. Flashlights can be operated through batteries or plug-ins. Different types of light technologies are employed in work lights, including integrated LED, halogen, and fluorescent. These products find applications in diverse industries such as construction, warehouses, manufacturing, and mining, catering to the specific lighting needs of these environments.
The work light market research report is one of a series of new reports that provides work light market statistics, including work light industry global market size, regional shares, competitors with a work light market share, detailed work light market segments, market trends and opportunities, and any further data you may need to thrive in the work light industry. This work light market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Work Light Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on work light market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for work light ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The work light market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Flashlight; Spotlight; Clamplight; Lantern; Other Products2) By Operation: Battery Operated; Plug-in
3) By Light Technology: Integrated LED; Halogen; Fluorescent
4) By End-Use: Construction; Warehouses; Manufacturing; Mining
Key Companies Mentioned: Horpol J.I.A.T.; HARMAN International (Samsung); Cooper Industries (EATON Corporation); Osram Licht AG; Peterson Manufacturing
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Horpol J.I.A.T.
- HARMAN International (Samsung)
- Cooper Industries (EATON Corporation)
- Osram Licht AG
- Peterson Manufacturing
- Absen Inc.
- Luceco plc
- Bayco Products Inc.
- Hugo Brennenstuhl GmbH & Co Kommanditgesellschaft
- Streamlight Inc.
- Lex Products Corp.
- Ericson Manufacturing Co.
- Scangrip North America Inc.
- Apollo Design Technology
- Ledlenser GmbH & Co. KG
- Altman Lighting Inc.
- Gentos Co. Ltd.
- ABL Lights Inc.
- WF Harris Lighting among other
- Signify
- Larson Electronics LLC
- Blizzard Lighting LLC
- AIS Lights
- Antari
- Ayrton
- KIRA Leuchten GmbH
- Luxgend Electronics Co. Ltd.
- Steisone (STE)
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | March 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 34.37 Billion |
Forecasted Market Value ( USD | $ 40.95 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |