Lamp & Lighting Stores in the US - Industry Market Research Report

Lamp & Lighting Stores in the US - Industry Market Research Report

Lamp & Lighting Stores in the US

Lamp and lighting stores specialize in the sale of lighting equipment and fixtures. Most lamps and lighting fixtures are bought by homeowners seeking to furnish their houses or to redecorate and remodel. This causes sales to move alongside private spending on home improvements and consumer spending levels, both of which expanded over recent years. However, the pandemic negatively impacted sales, as many traditional stores were forced to pause or slow down operations to comply with social distancing requirements. The dropping value of residential construction and rising inflation have further harmed lighting fixture sales, as these are often considered luxury products. These trends caused revenue to drop at an estimated CAGR of 7.5% to $3.2 billion over the past five years, including a 4.6% dip in 2023 alone.

Operators in this industry are specialized retailers of lamps and lighting fixtures, for indoor and outdoor use. This industry excludes non-specialty retailers of lamps and lights such as home department stores.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.