Global Chandelier Market, By Product (Traditional, Transitional, Modern), Application (Residential, Commercial), Lighting Direction (Uplight, Downlight, Cluster, Pendant), Material (Crystal, Glass and Coloured Glass, Wood, Metal, Others), Distribution Channel (Offline, Online) – Industry Trends and Forecast to 2030.
Chandelier Market Analysis and Size
Chandeliers are one of the home décor products extensively adopted for application in closed lawns, households, hotels, among other places. These lighting fixtures are highly used in royal houses, luxury hotels and big commercial places to increase the ambiance. Moreover, the growth of luxury homes in key metropolitan cities comprising Toronto, London, Paris, Hong Kong, Singapore, New York, Los Angeles, San Francisco and Sydney, is expected to enhance the product demand. Originally, chandeliers were only prevalent among the higher economic group. As a result, these products are gaining popularity owing to its feature to improve the place's ambiance.
Data Bridge Market Research analyses that the chandelier market is expected to reach USD 11.11 billion by 2030, which is USD 7.93 billion in 2022, registering a CAGR of 4.30% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour..
Chandelier Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Traditional, Transitional, Modern), Application (Residential, Commercial), Lighting Direction (Uplight, Downlight, Cluster, Pendant), Material (Crystal, Glass and Coloured Glass, Wood, Metal, Others), Distribution Channel (Offline, Online)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Nike, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Maxim Lighting (U.S.), Worldwide Lighting Corp. (U.S.), Vanguard Lighting Co. Ltd. (China), James R. Moder Crystal Chandelier Inc (U.S.), Gemini Cut Glass Company, Inc. (U.S.), KURT FAUSTIG KG (Germany), American Brass & Crystal (U.S.), DolanDesigns (U.S.), Myran Allan Luxury Lighting (U.S.), Jaquar India (India)
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Market Opportunities
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Market Definition
Chandeliers are decorative and attractive hanging light fixtures with many branches for lights and can be mounted on walls or ceilings. Chandeliers have been popular since medieval times and also used as a light source in these primitive stages of chandeliers. Now, these primitive stages of chandeliers are replaced by different types of bulbs. Chandeliers are mainly used to upgrade the look of a particular space by adding light and elegance. These lighting fixtures are mostly found in luxury and business hotels, royal and wealthy houses and other commercial places and frequently associated with luxurious living.
Chandelier Market Dynamics
Drivers
- Rising use of chandeliers in commercial places
Growing usage of chandeliers to improve the ambience of commercial spaces is expected to drive the market's growth rate during the forecast period. Lighting plays a significant role in creating ambiance in commercial places comprising malls, retail stores, libraries, hotels, restaurants, pubs, event halls, museums and wedding halls. Thus, increasing focus on lighting system in such commercial facilities will drive market growth during the forecast period.
- Growing construction of luxury homes
Rising construction of luxury homes due to changing consumer lifestyle is expected to drive market growth. According to the Christie's International Real Estate, the global sales of the luxury home noted a growth rate of 11% in 2017. This is recognized to favourable financial help by banks on home loans. The increase in the purchase of luxury homes can signify an upgrade in investment or lifestyle. Moreover, increasing number of luxury homes is likely to drive the demand for chandeliers as a symbol of status and wealth. This factor is anticipated to contribute to the growth of the market during the forecast period.
Opportunities
- Surging popularity of modern chandelier
The demand for the modern chandelier is growing because these products provide a futuristic look to the room due to geometric shapes and crisp edges complementing the world of the digital era. Furthermore, it highlights abstract design, which is represented in geometric style. Also, the modern chandelier is available in an extensive range of shapes, sizes and frames making it appropriate for kitchen, living room, entranceway and bedroom. The contemporary theme is also gaining significant popularity for hallways as well as small rooms. Bronze and metal are the most preferred raw materials for manufacturing this type of chandelier. Thus, the surging popularity of modern chandelier is expected to generate numerous market growth opportunities during the forecast period.
Restraints/ Challenges
- High cost and installation issues associated with chandelier
The problems associated with the installation of chandelier is expected to hamper the growth of the chandelier market during the timeline period. In addition, the growth in the investment price of chandelier might further challenge the chandelier market growth in the near future.
This chandelier market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chandelier market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2019, Hubbell Incorporated launched a new collection of chandeliers, pendants and sconces designed by American designer Jeffrey Alan Marks. This collection comprises an eight-light chandelier with stylishly outstretched arms that delicately balance weight and form, influenced by artisanal and industrial styles.
Global Chandelier Market Scope
The chandelier market is segmented on the basis of product, application, lighting direction, material and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Traditional
- Transitional
- Modern
Application
- Residential
- Commercial
Lighting Direction
- Uplight
- Downlight
- Cluster
- Pendant
Material
- Crystal
- Glass and Coloured Glass
- Wood
- Metal
- Others
Distribution Channel
- Offline
- Online
Chandelier Market Regional Analysis/Insights
The chandelier market is analyzed and market size insights and trends are provided by country, product, application, lighting direction, material and distribution channel as referenced above.
The countries covered in the chandelier market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the chandelier market in terms of revenue and market share owing to the increase in the number of hotels, shopping malls and restaurants. Moreover, a sufficient amount will further increase the growth of the chandelier market in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increase in the number of shopping malls in evolving nations. Furthermore, increasing attention on luxury interiors in commercial and residential places is further projected to propel the market growth in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chandelier Market Share Analysis
The chandelier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chandelier market.
Some of the major players operating in the chandelier market are:
- Nike, Inc. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Maxim Lighting (U.S.)
- Worldwide Lighting Corp. (U.S.)
- Vanguard Lighting Co. Ltd. (China)
- James R. Moder Crystal Chandelier Inc (U.S.)
- Gemini Cut Glass Company, Inc. (U.S.)
- KURT FAUSTIG KG (Germany)
- American Brass & Crystal (U.S.)
- DolanDesigns (U.S.)
- Myran Allan Luxury Lighting (U.S.)
- Jaquar India (India)
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