Global Lamps Market Size, Share & COVID-19 Impact Analysis, By Product (Floor Lamp, Wall Lamp, Table Lamp, and Ceiling Lamp), By Connectivity (Bluetooth, Wi-Fi, and Manual), By Application (Residential and Commercial), By Distribution Channel (Hypermarkets, Specialty Stores, and Online Channel), and Regional Forecast, 2025-2032

A lamp is an electrical lighting device powered by a bulb, providing illumination for a space. It is also used as a decorative item across outdoor and indoor spaces to enhance the aesthetics. Increasing consumer disposable incomes across countries worldwide assists in investing in attractive interiors, accelerating product demand. Furthermore, a substantial portion of the population emphasizes home decor, driving sales for home lighting products, including lamps that are available with various innovative features and design options. In addition, the rapidly evolving global real estate industry is expected to drive the market growth in the coming years.

Prominent industry participants, including Shalimar Glass Art, Lampsmaxx, BANKE BIHARI IMPORT AND EXPORT, Bocci, Villeroy & Boch, Wipro, Homesake, and Koninklijke Philips N.V., adopt advanced technologies to diversify their product portfolio and develop innovative lamps with features such as Wi-Fi connectivity, LED technology, and eco-friendly characteristics. This factor further increases product adoption and boosts global market expansion.

Impact of COVID-19 on the Global Lamps Market

The COVID-19 pandemic negatively impacted the growth of the global lamp market, notably in 2020, due to the closure of production facilities and disruption of supply chain and logistics operations. Key players operating in the lamp market, including Koninklijke Philips N.V., also reduced production due to substantial supply chain disruptions. Moreover, the real estate sector experienced a considerable decline as the construction of new residential and commercial properties came to a halt due to COVID-19 restrictions imposed across several countries worldwide. This factor also led to a significant decline in the demand for lamps and hampered market growth.

Segmentation

Analysis by Product

Based on product, the global lamp market is categorized into floor lamps, wall lamps, table lamps, and ceiling lamps. The table lamps segment held the major market share in 2022, given the increasing product adoption among students and office personnel worldwide. These lamps are also widely used due to their efficiency, adjustable features, and availability in various light types, making them suitable for residential and commercial applications.

Analysis by Connectivity

Based on connectivity, the market is segmented into bluetooth, Wi-Fi, and manual. The Wi-Fi segment is expected to dominate the global market throughout the forecast period due to the increasing demand for advanced Wi-Fi-based products owing to the growing internet adoption and awareness regarding advanced technologies. Furthermore, lamps with Wi-Fi connectivity provide smart features such as voice command, mood lighting, and sound control, which enhance customer experience and increase product demand.

Analysis by Application

By application, the global lamp market is divided into residential and commercial. The residential segment is likely to lead the market over the coming years, owing to the increasing product adoption for lighting and decorative purposes. Moreover, the availability of lamps in various designs and features such as voice control, brightness adjustment, strobe & flash modification, and height adjustment boosts product adoption across households worldwide.

Analysis by Distribution Channel

By distribution channel, the global lamp market is bifurcated into hypermarkets, specialty stores, and online channels. The specialty store segment dominates the global market. Specialty stores offer a wide range of lamps in various designs and features, making them an attractive shopping destination. In addition, the increasing opening of new specialty stores at key locations supports segmental growth. For instance, in April 2023, Inter IKEA Systems B.V, a Delft, Netherland-based multinational conglomerate offering a wide variety of products, including lamps, announced a USD 2.2 billion investment to expand its U.S. market presence by opening new stores.

Key Insights

The report covers the following key insights:

• Overview of the Parent Market
• Supply Chain Analysis
• Industry SWOT Analysis
• Key Industry Developments (Product Launches, Mergers, Acquisitions, and Partnerships)
• Impact of COVID-19 on the Global Lamps Market

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific will likely lead the global market in the forthcoming years, backed by the presence of several international and local players emphasizing innovation, partnerships, product diversification, and expanding customer reach. For instance, in October 2023, Rosha, an India-based company offering lamps, launched its new collection, including wireless and portable lamps, in various unique designs.

The cultural significance of lamps across Asian countries also contributes to the growing product demand throughout the region. For instance, Chinese traditions encourage the use of lamps during the Lunar New Year to symbolize the removal of negative energy and darkness.

The North American market is also expected to grow at a significant rate in the near term with the growing product demand for home décor and interior designing purposes. Furthermore, the increasing adoption of technologically advanced lighting products, such as lamps with Wi-Fi connectivity and LED technology, boosts regional market expansion.

Key Players Covered

The report includes the profiles of major industry players, such as EGLO, N.K Handicraft, K&Y Lighting, Decent Glass, SR Electronics, U. V. OVERSEAS, Shalimar Glass Art, Lampsmaxx, Villeroy & Boch, Wipro, and Koninklijke Philips N.V.

Key Industry Developments

• June 2023: Welldercare Agetech, a Mumbai, India-based company specializing in personalized healthcare and social connection products, partnered with Nobi, a Belgium, Europe-based company, to launch the "Nobi Smart Lamp."
• May 2020: Bocci, a Vancouver, Canada-based light product manufacturer, introduced its three new collections, including table lamps, at the VDF products fair. These wall mounted lamps feature a brass base. The company also launched its Stem Series, which includes floor lamps, at the fair.