Global Trunking System Market Growth (Status and Outlook) 2023-2029

Global Trunking System Market Growth (Status and Outlook) 2023-2029

Trunking System here refers to LED Trunking Systems. Trunking System is an energy‐efficient, low maintenance alternative to traditional linear fluorescent in a variety of industrial, commercial and light assembly applications. It is the optimal solution for conventional lighting systems and also excellent for new installations due to its low installation cost ‐ everything in one box and installation is tool‐less. It saves both time and costs when updating lighting systems. LED trunking system distributes the elegant and uniform light according to different applications like supermarket, retail places, warehouses, offices, lecture halls, play courts, gymnasium, workshops,car parks etc.

LPI (LP Information)' newest research report, the “Trunking System Industry Forecast” looks at past sales and reviews total world Trunking System sales in 2022, providing a comprehensive analysis by region and market sector of projected Trunking System sales for 2023 through 2029. With Trunking System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Trunking System industry.

This Insight Report provides a comprehensive analysis of the global Trunking System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Trunking System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Trunking System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Trunking System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Trunking System.

The global Trunking System market size is projected to grow from US$ 130.9 million in 2022 to US$ 203.9 million in 2029; it is expected to grow at a CAGR of 6.5% from 2023 to 2029.

Philips accounted for 19% of the global Trunking System revenue market share. Followed players, GE lighting accounted for 10%, Havells Sylvania (Shanghai Feilo Acoustics) accounted for 6%.

Global giant manufactures mainly distributed in Europe. They have unshakable status in this field. The key product markets locate at Europe. Europe takes the market share of 49%.

This report presents a comprehensive overview, market shares, and growth opportunities of Trunking System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Narrow Distribution

Wide Distribution

Others

Segmentation by application

Commercial

Industrial

Warehouse

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Philips Lighting Holding

GE lighting

Havells Sylvania (Shanghai Feilo Acoustics)

Siteco Beleuchtungstechnik GmbH (OSRAM)

Zumtobel Group

TRILUX Group Management GmbH

Aura Light International

Luxon LED

Thorlux Lighting (F.W. Thorpe Plc Group)

Please note: The report will take approximately 2 business days to prepare and deliver.