US Lighting Products Market: Snapshot
The U.S.
lighting products market exhibits the presence of varied
players and a large number of retailers. With the leading players vying to gain
the lion’s share, the U.S. lighting products market exhibits a highly
competitive landscape. Moreover, this lighting industry operates
at surplus of products, causing fiercer rivalry among players, finds
Transparency Market Research (TMR) in a recent study.
The Home Depot, Lowes, Target, Wal-Mart, Bed Bath &
Beyond, Sam’s Club, Menards, and Costco are among the leading market players.
Of these companies, The Home Depot emerged dominant holding a share of over 19%
in the overall market in 2015. It is currently focusing on its future plans of
expanding the presence across the U.S. suburban area. On account of such
business policies, The Home Depot’s dominance is expected to continue through
the report’s forecast period. Other companies as well will focus on expanding
their regional presence in order to gain sustainable growth in the near future.
Get sample copy of “US
Lighting Products Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=185
According to TMR, the U.S. lighting products market, which
stood at US$185.65 bn in 2015, is forecast to reach US$285.84 bn by the end of
2024. If these figures hold true, the U.S. lighting products market will
progress at a CAGR of 5.0% between 2016 and 2024.
Declining Construction of New Homes Poses Threat to
Market
Because the market’s success is intrinsically linked with
construction activities within an economy, decline in construction of new homes
witnessed in the U.S. will have a negative influence in its overall trajectory.
This will act as a major growth barrier, threatening the market’s expansion in
the coming years. Nevertheless, the U.S. is efficiently testing solar powered
lighting products to bolster the use of non-renewable resources across
industries. Several manufacturing companies are venturing into this practice by
providing a wide-range of solar-powered decorative lighting products. This,
coupled with investments in technological developments, will aid the lighting
products market’s expansion in the U.S. in the coming years.
This review is based on a TMR report, titled “Lighting
Products Market - U.S. Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024.”
The report segments the U.S. lighting products market as:
The U.S. Lighting Product Market
By Product
- By
Standalone Type
- LED
Tubes & Bulbs
- T8
LED tubes & bulbs
- Others(Incandescent,
High Intensity Discharge)
- By
Lighting Fixture
- Ceiling
Fixtures
- Recessed
Lighting Fixture
- Strip
Light Fixture
- Others
(Chandeliers, Pendants, etc.)
By Application
- Residential
Lighting
- Table
Lamp
- Floor
Lamp
- Desk
Lamp
- Others
- Commercial
Lighting
- Industrial
Lighting
- Outdoor
Lighting (Street Lights, Parking Garage, Landscape, etc.)
By Retailers
- The
Home Depot
- Lowes
- Target
- Wal-Mart
- Bed
Bath & Beyond
- Sam's
Club
- Costco
- Menards
Research objectives:-
– To study and analyze the global US Lighting Products
consumption (value & volume) by key regions/countries, product type and
application, history data.
– To understand the structure of the US Lighting Products
market by identifying its various sub-segments.
– Focuses on the key global US Lighting Products
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competitive landscape, SWOT analysis, and development plans in
the next few years.
– To analyze the US Lighting Products with respect to
individual growth trends, future prospects, and their contribution to the total
market.
– To share detailed information about the key factors
influencing the growth of the market (growth potential, opportunities, drivers,
industry-specific challenges and risks).
Have any query?
Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=185
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