Decorative Lighting Global Market Report 2024

The decorative lighting market size has grown steadily in recent years. It will grow from $39.84 billion in 2023 to $41.54 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth observed in the historical period can be credited to urbanization and the development of infrastructure, expansion in the hospitality and retail sectors, shifts in consumer spending habits, the evolution of real estate, considerations of aesthetic preferences, and advancements in architectural and interior design practices.

The decorative lighting market size is expected to see steady growth in the next few years. It will grow to $49.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. Anticipated growth in the forecast period is expected to arise from the integration of smart home technologies, an increased focus on health and wellness aspects, the proliferation of online retail channels, government-driven initiatives promoting energy efficiency, and the growing preference for open-concept living spaces.

Growing remodeling and renovation activities are fueling the decorative lighting market. Driven by increased home renovations during the COVID-19 pandemic, this market expands as consumers enhance spaces. Harvard University's Joint Center for Housing Studies projected a 9% year-over-year increase in annual improvement and repair spending, reaching $400 billion by 2022's third quarter.

The burgeoning urban population is poised to drive expansion within the decorative lighting market. Urban areas, accommodating around 83.3% of the US population according to The Central Intelligence Agency-The World Fact Book in 2023, create a demand for decorative lighting for aesthetic enhancement, safety measures, and community development. This consistent urbanization trend fuels the growth of the decorative lighting sector.

Partnerships are instrumental in shaping the decorative lighting market. Collaborations between companies such as Trilux and Carl Stahl Group or Acuity Brands Inc. with Microsoft have expanded product portfolios and capabilities, emphasizing the strategic importance of joint ventures for delivering improved lighting solutions. For instance, in April 2021, Trilux, a company that manufactures and develops decorative lighting based in Germany partnered with Carl Stahl Group, a manufacturer of decorative lighting products based in Germany. Through this partnership, Trilux expanded its portfolio in the network of international cooperation partners and decorative lighting solutions for facades and also aimed to provide customers with customized DMX-controlled LED solutions in the future.


Smart lights in decorative lighting refers to the integration of intelligent lighting technology into decorative lighting fixtures. For instance, in November 2023, an Australia-based technology company, unveiled the AmbiColour decorative smart lighting in November 2023, part of the Connect SmartHome lineup. These versatile RGB lighting options offer creative solutions for smart lighting, compatible with Google Home and Amazon Alexa, enabling voice control and automation for enhanced living spaces.

In April 2022, Asian Paints Ltd., an India-based paint manufacturing company acquired 49% stake in White Teak for ₹180 crore. In the upcoming fiscal year 2023-24, an 11 percent stake will be acquired, with the remaining 40 percent slated for acquisition in the subsequent fiscal year 2025-26. Through this acquisition, Asian Paints aims to fortify its position in the rapidly expanding home improvement and décor sector, anticipating synergies that will enhance the company's growth in the home decor space. White Teak is an India-based company specializing in the manufacturing and distribution of decorative lighting products and fans.


Major companies operating in the decorative lighting market report are The Home Depot Inc., General Electric Co., Lowe's Companies Inc., Honeywell International Inc., AB Electrolux, Newell Brands Inc., Signify NV, Hubbell Incorporated, OSRAM Light AG, Acuity Brands Lighting Inc., Columbia Sportswear Company, Havells India Limited, AZZ Inc., Fagerhults Belysing AB, Ideal Industries Inc., LSI Industries Inc., Electronic Theatre Controls Inc., Heritage Bag Company, Artemide S.p.A., Flos S.p.A., Generation Brands LLC, Cree Lighting Inc., Savant Systems Inc., Juno Lighting LLC, Amerlux LLC, Maxim Lighting International, Bridgelux Inc., Nichia Corporation, Crest LED Lighting Manufacturing Company, Fagerhult Group.

North America was the largest region in the decorative lighting market in 2023. Asia- pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the decorative lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the decorative lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Decorative lighting encompasses various types, including ceiling fixtures, wall-mounted options, and several others. Wall-mounted decorative lighting serves to complement overhead light sources and enhances the overall decor. These lighting solutions draw from various light sources such as light-emitting diodes (LEDs), fluorescent, incandescent, and other types. Distribution channels for decorative lighting include both offline and online avenues. These lighting options cater to both commercial and household end-users, providing a diverse range of aesthetic lighting solutions for different spaces and purposes.

The decorative lighting market research report is one of a series of new reports that provides decorative lighting market statistics, including decorative lighting industry global market size, regional shares, competitors with a decorative lighting market share, detailed decorative lighting market segments, market trends and opportunities, and any further data you may need to thrive in the decorative lighting industry. This decorative lighting 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 decorative lighting market consists of sales of chandelier, hall and foyer lights, pendant lights, track lights, recessed lights, rail lights, and cove lights. 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).

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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