January 7, 2021

Chandelier Market Analysis in Developed Countries

Chandelier market is expected to register a steady CAGR of 3.5% in the forecast period of 2020-2027. This report contains the data of base year 2019 and historic year 2018.This rise in market value can be attributed to the benefits of chandelier to improve the ambience in the surroundings, bringing a touch of luxury in the places where they are organised. Chandelier Market By Product (Traditional, Transitional, Modern), Application (Residential, Commercial), Lighting Direction (Uplight, Downlight, Cluster, Pendant), Material (Crystal, Glass & Coloured Glass, Wood, Metal, Others), Distribution Channel (Offline, Online), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2027

Market Definition

Chandelier is a decorative hanging light which include several branches of lights and candles. It is used in luxury hotels, royal houses, big commercial places and among others to enhance the ambience of the place. They add a touch of luxury and give modern look to the place and enhance the aesthetic appeal of the interiors. They are usually installed in halls, living rooms due to their big size. They are being modernized with LED and with some refractive crystal prisms and small mirrors.

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Market Drivers:

·        Increasing demand of luxury homes will help to boost the growth of the market in the forecast period

·        Rising disposable income among raised living standard is another factor that uplifts the growth of the market

·        Increasing volume of organised annual programmes subsequently increases the demand of the hotels which help to drive the market growth

·        Innovation and new design will act as a factor in driving the growth of the market

Market Restraints:

·        Installation difficulties of chandelier will hamper the growth of the market

·        Rise in investment cost of chandelier is another factor that obstructs the market growth

·        Lack of availability of spare parts of chandelier after the damage occurred will inhibit the growth of the market

Segmentation

By Product Type

·        Traditional

·        Transitional

·        Modern

By Application

·        Residential

·        Commercial

o   Offices

o   Hotels & Restaurants

o   Others

·        Malls

·        Hospitals

·        Others

By Category

·        Uplight

·        Downlight

·        Cluster

·        Pendant

By Material

·        Crystal

·        Glass & Coloured Glass

·        Wood

·        Metal

·        Others

o   Brass

o   Fabric

By Distribution Channel

·        Offline

o   Department Stores

o   Hypermarkets

o   Specialty Stores

·        Online

o   E-Commerce Websites

o   Brand Websites

By Geography

·        North America

o   U.S.

o   Canada

o   Mexico

·        Europe

o   Germany

o   Sweden

o   Poland

o   Denmark

o   Italy

o   U.K.

o   France

o   Spain

o   Netherlands

o   Belgium

o   Switzerland

o   Turkey

o   Russia

o   Rest of Europe

·        Asia-Pacific

o   Japan

o   China

o   India

o   South Korea

o   New Zealand

o   Vietnam

o   Australia

o   Singapore

o   Malaysia

o   Thailand

o   Indonesia

o   Philippines

o   Rest of Asia-Pacific

·        South America

o   Brazil

o   Argentina

o   Rest of South America

·        Middle East and Africa

o   UAE

o   Saudi Arabia

o   Oman

o   Qatar

o   Kuwait

o   South Africa

o   Rest of Middle East and Africa

Key Developments in the Market:

·        In September 2018, Jaquar announced the launch of smart chandelier at international exhibition “Light India & Electrical Building Technology India 2018” it is made of copper and crafted with silver plating. It has high quality European crystal that offered energy efficient lighting with intelligent lighting that control high and low voltage while giving the functionality of high /low temperature. It gives an ambient light and contemporary grace to the room

·        In April 2018, Surya, Inc. announced the launch of a new collection of chandelier in four styles modern, traditional, transitional, and updated traditional. They are designed with seamless accessories for maintaining an aesthetic look to any space. It becomes the second largest product category of Surya that provides style to interior spaces. The continued efforts of the company to establish them as a one-stop solution was witnessed with this introduction

Competitive Analysis:

Global chandelier market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of chandelier market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global chandelier market are Elegant Lighting, Generation Lighting, ZHONGSHAN FUSIDA LIGHTING CO., LTD., D.M. LUCE SRL, Kenroy Home, Gemini Cut Glass Company, Inc., KURT FAUSTIG KG., American Brass & Crystal., SavoyHouse.com., Dolan Designs., Myran Allan Luxury Lighting, Maxim Lighting International, Inc., Worldwide Lighting Corp., ACUITY BRANDS LIGHTING, INC., Vanguard Lighting Co.,Ltd., Hubbell., James R Moder Crystal Chandelier (Canada) Ltd, King's Chandelier Co, Surya, Inc., Jaquar among others.

Key Insights in the report:

·        Competitive analysis of key competitors involved in the market

·        Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2020 to 2027

·        Market drivers and restraints analysis along with the analysis of the market structure


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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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