Global Flameless LED Battery-Powered Candles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Flameless LED Battery-Powered Candles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

With the development of society, environmental protection and energy saving flameless LED battery-powered candles are widely used in life. The flameless LED battery-powered candles have a tiny embedded LED light circuit board running on the battery, which often looks like a real candle. The flame head contains at least one LED lamp that illuminates the flame plate. The LED lamp is installed on the flame plate base and the control circuit is electrically connected to the LED lamp. Meanwhile, the LED lamp emits a warm white light or a tender yellow light. The advantages of flameless LED battery-powered candles are that they require very little space and consume very little energy. flameless LED battery-powered candles is suitable for all kinds of candle stand. It can be used as small night light for illumination and other decoration. It is also safe and environmental friendly.

Market Overview:

The latest research study on the global Flameless LED Battery-Powered Candles market finds that the global Flameless LED Battery-Powered Candles market reached a value of USD 230.49 million in 2022. It’s expected that the market will achieve USD 302.57 million by 2028, exhibiting a CAGR of 4.64% during the forecast period.

Influence of COVID-19 Outbreak on Flameless LED Battery-Powered Candles Industry Development

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some flameless LED battery-powered candles enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

The epidemic will have a short-term impact on flameless LED battery-powered candles industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in flameless LED battery-powered candles industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Drivers

With a large population, the Asia-pacific region has a great demand for flameless LED battery-powered candles. With the rapid economic and technological development in the Asia-Pacific region, people’s lifestyles have also changed accordingly. People are increasingly chasing an emotional and quality lifestyle. The urban renewal in the Asia-Pacific region has increased the residential housing. Flameless LED battery candle serves as a good household adornment and atmosphere to move article, demand also increases gradually, which makes the Asia-Pacific region an emerging and growing market for the industry. Furthermore, the growth of the global flameless LED battery-powered candles market is expected to be the fastest in the Asia Pacific region. This growth is supported by countries such as Australia, Japan, China, and India.

Limitations

With major manufacturers and suppliers in the flameless LED battery-powered candles industry competing at globally, the intensity of competition within the flameless LED battery-powered candles industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a candle making business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established candle manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

KWUNG'S HOLDINGS LIMITED is one of the major players operating in the Flameless LED Battery-Powered Candles market, holding a share of 10.26% in 2020.

Kwung's Holdings Limited operates as a holding company. he Company, through its subsidiaries, focuses on manufacturing home furnishings products such as candles, aromatherapy stoves, and other decorative related items.

Ikea Group Corp produces and distributes household appliances and home furniture products. The Company offers ovens, dishwashers, fridge, dining tables, twin beds, ceiling lights, faucets, sauce pans, pillows, bags, storage boxes, and mirrors. Ikea Group markets its products worldwide.

Segmentation Overview:

Among different product types, Pillar Candles segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Flameless LED Battery-Powered Candles market covered in Chapter 3:

LuxuryLite
Aoyin Xingtang Candle Co,.LTD
KWUNG'S HOLDINGS LIMITED
LampLust
Battery Operated Candles
Hebei Huaming Laye Limited Company
Luminara
Philips
Q Candles
The Amazing Flameless Candle
Hollowick
IKEA
Yiwu Sheng Da Art Co. Ltd
Lights4fun
Sterno Home
Smart Candle

In Chapter 4 and Chapter 14.2, on the basis of types, the Flameless LED Battery-Powered Candles market from 2018 to 2029 is primarily split into:

Taper Candles
Pillar Candles
Votive Candles
Other Types

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flameless LED Battery-Powered Candles market from 2018 to 2029 covers:

Commercial Use
Personal Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)