Report U.S. - Residential, commercial and industrial lighting fixture - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 10, 2023

U.S. - Residential, commercial and industrial lighting fixture - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Market for Residential, Commercial and Industrial Lighting Fixture 2023

Market Size for Residential, Commercial and Industrial Lighting Fixture in the U.S.

In 2021, the U.S. market for residential, commercial and industrial lighting fixture increased by 9.9% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Residential, Commercial and Industrial Lighting Fixture in the U.S.

In value terms, production of residential, commercial and industrial lighting fixture shrank to $X in 2021. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 9.5% against the previous year. Production of peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from the U.S.

In 2021, after six years of decline, there was growth in shipments abroad of residential, commercial and industrial lighting fixture, when their volume increased by 3.2% to X units. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 7.9%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from the United States, with a 79% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.8% per year) and China (+1.2% per year).

In value terms, Canada ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from the United States, comprising 72% of total exports. The second position in the ranking was held by Mexico ($X), with a 7.6% share of total exports. It was followed by the UK, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.6% per year) and the UK (-3.2% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, rising by 16% against the previous year. Over the period under review, the export price enjoyed prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 35% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into the U.S.

In 2021, purchases abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to the United States, accounting for a 72% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), sixfold. Vietnam (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.6% per year) and Vietnam (+54.1% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to the United States, comprising 57% of total imports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total imports. It was followed by Canada, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.3% per year) and Canada (+8.1% per year).

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, picking up by 5.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2015; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for residential, commercial and industrial lighting fixture in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 46% of global consumption. Russia, Brazil, Mexico, Germany, the UK, France, South Korea, Canada, Thailand and Egypt lagged somewhat behind, together accounting for a further 27%.
What are the largest producers of residential, commercial and industrial lighting fixture in the world?
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The country with the largest volume of production of residential, commercial and industrial lighting fixture was China, comprising approx. 60% of total volume. Moreover, production of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest producer, India, eightfold. The United States ranked third in terms of total production with a 6.4% share.
What are the leading suppliers of residential, commercial and industrial lighting fixture to the U.S.?
+
In value terms, China constituted the largest supplier of residential, commercial and industrial lighting fixture to the United States, comprising 57% of total imports. The second position in the ranking was taken by Mexico, with a 23% share of total imports. It was followed by Canada, with a 7% share.
What are the leading importers of residential, commercial and industrial lighting fixture from the U.S.?
+
In value terms, Canada remains the key foreign market for residential, commercial and industrial lighting fixture exports from the United States, comprising 72% of total exports. The second position in the ranking was held by Mexico, with a 7.6% share of total exports. It was followed by the UK, with a 1.2% share.
What is the average export price for residential, commercial and industrial lighting fixture in the U.S.?
+
In 2021, the average export price for residential, commercial and industrial lighting fixture amounted to $55 per unit, with an increase of 16% against the previous year.
What is the average import price for residential, commercial and industrial lighting fixture in the U.S.?
+
In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $18 per unit, picking up by 5.4% against the previous year.

This report provides an in-depth analysis of the market for residential, commercial and industrial lighting fixture in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 27402200 - Electric table, desk, bedside or floor-standing lamps
• Prodcom 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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