Lighting Fixtures Manufacturing in Canada - Industry Market Research Report

Lighting Fixtures Manufacturing in Canada - Industry Market Research Report

Lighting Fixtures Manufacturing in Canada

Light fixture manufacturers in Canada have captured opportunities abroad and have expanded throughout the five years to 2023. Despite sluggish growth in domestic nonresidential construction activity and high import penetration, the industry has benefited from strong demand from the United States, which is anticipated to account for 95.4% of industry exports. Additionally, operators have increasingly promoted home lighting fixtures domestically as residential construction has thrived while interest rates were at an all-time low following the pandemic. Overall, revenue has been growing at a CAGR of 0.5% over the past five years and is expected to total $1.8 billion in 2023, when revenue will fall by an estimated 2.6%

This industry manufactures electric lighting fixtures, nonelectric lighting equipment, lighting fixture components and lampshades made of metal, paper or textiles. The industry does not manufacture light bulbs and tubes, glass lighting fixtures, vehicular lighting equipment, current-carrying wiring devices or lampshades made of plastic.

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."