Table Lamp Market By Type (Desk Lamps, Bedside Lamps, Floor Lamps, Others) , By Light Source (Incandescent, LED, Halogen, Others) By Distribution Channel (Online, Offline) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Table Lamp Market
The table lamp market was valued at $5.8 million in 2023 and is projected to reach $8.7 million by 2033, growing at a CAGR of 4.2% from 2024 to 2033.
A table lamp is a functional source of illumination kept in a variety of settings such as living rooms, offices, and study areas for aesthetic & lighting purposes. It exists in a variety of styles & designs such as modern, contemporary, transitional, eclectic, and vintage. A key attribute of table lamps is that they provide direct & focused light for working, reading, and writing. Moreover, they have become a key element of interior design as they are used to enhance & complement the color scheme and theme of spaces.
Increase in focus on interior decor and aesthetic appeal of residential & commercial spaces is a key driver of the table lamp market. In addition, rise in disposable income, along with surge in demand for multi-functional lighting solutions among customers fuels the requirement for table lamps and hampers the development of the market. A notable trend gaining prominence in the table lamp market is the use of eco-friendly materials for designing lamps. To align with the sustainability initiatives, manufacturers use reclaimed wood, bamboo, & recycled materials that minimize the ecological impact and offer unique textures to the lamp.
However, the market faces stringent competition from alternative lighting solutions such as floor lamps, wall-mounted lamps, and LED strip lights. This limits the demand for table lamps and hampers the development of the market. Furthermore, rapid urbanization has resulted in the construction of homes with constrained spaces, compelling customers to purchase compact lights and restraining the market growth. Contrarily, the integration of AI algorithms into lighting solutions to reduce energy expenditure is projected to open new avenues for the floor lamps market. An article by EGG Lighting—a UK-based lighting and electrical solutions company—states that AI-powered sensors in lights are projected to reduce energy costs by approximately 60%.
Segment ReviewThe table lamp market is segmented into type, light source, distribution channel, and region. On the basis of type, it is divided into desk lamps, bedside lamps, floor lamps, and others. As per light source, it is classified into incandescent, LED, halogen, and others. According to distribution channel, it is bifurcated into online and offline. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the desk lamps segment held a high share of the market in 2023.
As per light source, the LED segment dominated the market in 2023.
According to distribution channel, the offline segment accounted for a high share of the market in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe major players in the global table lamp market include IKEA, Philips Lighting (Signify), General Electric (GE) Lighting, Osram Licht AG, Panasonic Corporation, Acuity Brands Inc., FLOS, Artemide, Kartell, and West Elm. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeDesk Lamps
Bedside Lamps
Floor Lamps
Others
By Light SourceIncandescent
LED
Halogen
Others
By Distribution ChannelOnline
Offline
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersIKEA
Philips Lighting (Signify)
General Electric (GE) Lighting
Osram Licht AG
Panasonic Corporation
Acuity Brands Inc.
FLOS
Artemide
Kartell
West Elm