Chandelier Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Chandelier Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Retail

Report Description

Chandeliers are decorative hanging light fixtures, which have branches for lights and can be mounted on ceilings or walls. Chandeliers have been used since medieval times and the light source used in these primitive stages of chandeliers were candles, which are now replaced by different types of bulbs. Chandeliers are used to uplift the look of a particular space by adding elegance and light. These lighting fixtures are often associated with luxurious living and are mostly found in wealthy and royal houses, luxury and business hotels, and other commercial places. During its inception, chandeliers were often highly priced; however, with advancement in technology and designing, simple chandeliers designs at affordable prices have been introduced in the market. Nonetheless, the traditional or classic chandeliers are still highly priced. The association of chandeliers with luxury is majorly due to their rich and elegant look with intricate designs, fine material quality, and their history which suggests their installation in royal households. The traditional intricate designs consists of flowers, fruits, and leaves designed in crystal or glass, often covered with metal frames. However, modern day chandeliers have abstract designs, and are sometimes personalized to match the other furniture, with blends of different materials.

The chandelier market is projected to expand at a significant growth rate during the forecast period. The rising disposable incomes, changing lifestyles, and innovative chandelier designs by manufacturers are the factors driving the growth of this market. Additionally, consumers also have a rising trend to use energy efficient lights, which are long lasting and also cut down on the utility bills. This trend is considered to be the major factor leading to the increase in demand for chandeliers. However, technical difficulties in its installation and high investment costs act as a restraint toward growth of the market. Moreover, lack of availability of parts and specialized lights after damage also hinders the growth of the global chandelier market. In order to overcome the cost constraint of chandeliers, manufacturers are focusing on developing products at cost competitive prices.

The global chandelier market is segmented by type, category, material, end use, distribution channel, and region. The chandelier market is divided into three types: classical, modern, and transitional. By category type, the market is segmented by the lighting direction namely uplight, downlight, cluster, and pendant. Based on material, the market is segmented into crystal, glass & colored glass, wood, metal, and others such as brass, fabric etc. By end use, the chandelier market is divided into residential and commercial which can be further classified into offices, hotels & restaurants, and others such as malls, hospitals etc. In terms of distribution channel, chandeliers are available online such as on e-commerce websites and brand websites and also available offline in department stores, hypermarkets, and specialty stores.

The chandelier market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America on the basis of region. Chandeliers are more commonly used in the commercial sector than in residential ones, due to the high cost of installation as well as maintenance of the products and also because of the availability of large spaces. However, development in modern designs and less expensive products has increased the demand for chandeliers in residential spaces. Furthermore, the increasing trend of luxurious living and energy saving products has also added to the growth of the chandelier market in residential places. Some of the other minor variations in chandeliers are with switch type, such as direct switch or with dimmers, by hanging method which are direct or chain hanging, and by the different finishes to different materials. For instance, satin or seeded finish for glass and brushed, matte, or oil rubbed for metal.

Some of the major key players of the chandelier market include Elegant Lighting, FEISS, Inc., JiangMen Jimmy Lighting CO.,LTD, Zhongshan Fusida Lighting Co., Ltd., D.M. LUCE SRL, Kenroy Home, Gemini Cut Glass Company, Inc., KURT FAUSTIG KG., American Brass & Crystal,, Dolan Designs., Myran Allan Luxury Lighting, and others. Most of these leading companies have some operations based in China due to the advanced technologies and easy availability of raw materials in the country. The leading chandelier manufacturing companies are majorly focusing on developing modern designs with energy saving technologies as per the demands of global consumers.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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