The global chandeliers market size is expected to reach USD 9.72 billion by 2030. It is expected to expand at a CAGR of 2.8% from 2025 to 2030. Increasing use of chandeliers as decorative lighting product in commercial spaces is expected to impel market growth. Growing awareness regarding interior decoration coupled with increasing investments in home décor, especially by affluent millennials is anticipated to propel the growth. Social networking sites play a vital role in promoting the use of chandeliers to enhance residential as well as commercial decor, which in turn is expected to fuel the product demand.
Over the past few years, the raw material preference is shifting from crystal to other materials such as metal, glass, wood, plastic, and concrete. Rising popularity of products made using a combination of materials, such as metal and wood or metal and glass is expected to create growth opportunities for manufacturers. In addition, rising popularity of black and other dark colored chandeliers for restrained and bright interiors is expected to drive the market growth.
Transitional chandeliers held the dominant market share of over 65.7% in terms of revenue in 2024. Transitional variants are a combination of both traditional as well as modern kinds. The product has gained popularity among consumers owing to innovative designs that beautifully blend with any type of interior. Iron, nickel, bronze, brass, steel, and copper are the commonly used raw materials for these products.
Asia Pacific is anticipated to exhibit the fastest CAGR over the forecast period, attributed to increasing investments in property renovation. Growing popularity of China, Thailand, India, Sri Lanka, and Maldives as tourist destinations is anticipated to drive the regional product demand. Moreover, increasing use of luxury decorative lighting in commercial places, such as hotels and restaurants will drive the growth of the market.
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Over the past few years, the raw material preference is shifting from crystal to other materials such as metal, glass, wood, plastic, and concrete. Rising popularity of products made using a combination of materials, such as metal and wood or metal and glass is expected to create growth opportunities for manufacturers. In addition, rising popularity of black and other dark colored chandeliers for restrained and bright interiors is expected to drive the market growth.
Transitional chandeliers held the dominant market share of over 65.7% in terms of revenue in 2024. Transitional variants are a combination of both traditional as well as modern kinds. The product has gained popularity among consumers owing to innovative designs that beautifully blend with any type of interior. Iron, nickel, bronze, brass, steel, and copper are the commonly used raw materials for these products.
Asia Pacific is anticipated to exhibit the fastest CAGR over the forecast period, attributed to increasing investments in property renovation. Growing popularity of China, Thailand, India, Sri Lanka, and Maldives as tourist destinations is anticipated to drive the regional product demand. Moreover, increasing use of luxury decorative lighting in commercial places, such as hotels and restaurants will drive the growth of the market.
Chandeliers Market Report Highlights
- The transitional segment accounted for 65.7% of the total revenue generated in the global chandeliers market in 2024.
- The modern chandeliers segment is expected to grow at a CAGR of 3.2% over the forecast period, driven by the increasing inclination towards contemporary and minimalist interior designs.
- The offline segment dominated the global chandeliers market in 2024, primarily due to the traditional preference for in-person shopping for high-value and aesthetic products such as chandeliers.
- The commercial segment emerged as the largest contributor to revenue in the global chandeliers market in 2024, largely driven by the extensive use of chandeliers in various commercial spaces such as hotels, restaurants, corporate offices, and retail stores.
- North America dominated the global chandeliers market with a revenue share of 31.0% in 2024, driven by a strong demand for luxury home decor and high disposable incomes.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Chandeliers market include:
- Elegant Lighting
- Generation Brands LLC
- Koninklijke Philips N.V.
- Maxim Lighting International
- HSL Worldwide Lighting Corporation
- Acuity Brands Lighting Inc.
- Hubbell Incorporated
- Vanguard Lighting Co. Ltd.
- King's Chandelier Company
- James R. Moder Crystal Chandelier Inc.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Chandeliers Market Variables, Trends & Scope
Chapter 4. Chandeliers Market: Product Estimates & Trend Analysis
Chapter 5. Chandeliers Market: Distribution Channel Estimates & Trend Analysis
Chapter 6. Chandeliers Market: Application Estimates & Trend Analysis
Chapter 7. Chandeliers Market: Regional Estimates & Trend Analysis
Chapter 8. Chandeliers Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
- Elegant Lighting
- Generation Brands LLC
- Koninklijke Philips N.V.
- Maxim Lighting International
- HSL Worldwide Lighting Corporation
- Acuity Brands Lighting Inc.
- Hubbell Incorporated
- Vanguard Lighting Co. Ltd.
- King's Chandelier Company
- James R. Moder Crystal Chandelier Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 80 |
Published | October 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 8.2 Billion |
Forecasted Market Value ( USD | $ 9.72 Billion |
Compound Annual Growth Rate | 2.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |