E-commerce Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.31 Billion |
| Market Size (2029) | USD 15.62 Billion |
| CAGR (2024 - 2029) | 6.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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E-commerce Market Analysis
The E-commerce Market For Lighting Industry is expected to grow from USD 11.31 billion in 2024 to USD 15.62 billion by 2029, at a CAGR of 6.67% during the forecast period (2024-2029).
With the onset of e-commerce giants like Amazon and Alibaba, lighting sales have grown, depicting a huge dependence on these formats.
- With the ongoing trend of digitalization, the retail landscape has undergone a significant transformation over the last few years, making e-commerce an essential part of the global lighting industry. As a result, the E-commerce Market for Lighting Industry is seeing rapid growth.
- Over time, many online channels have come up to ease the availability of lighting in both consumer and B2B markets. Key players for lighting sales include online retailers and distributor sites, such as Home Depot, Lowes, Walmart, Sears, Target, Ace Hardware, Menards, Best Buy, ATG Stores, Grainger, Platt, GSA Advantage, 1000bulbs.com, Amazon, Econolight.com, BulbAmerica.com, and ProLighting.com, among others.
- Further, the increased awareness of the importance of proper lighting in creating healthy and safe indoor environments has also been driving the E-commerce Market for Lighting Industry. As a result, there has been an increased demand for lighting products that can improve indoor air quality, reduce germ spread, and enhance building occupants' overall health and well-being.
- A significant uptick in consumer e-commerce activity was fuelled by the COVID-19 pandemic in 2021, with online sales increasing markedly in value, despite the easing of restrictions in many countries. The average share of internet users who made purchases online increased from 53% before the pandemic (2019) to 60% following the onset of the pandemic (2020/21), across 66 countries, according to estimates by the United Nations Conference on Trade and Development (UNCTAD).
- Furthermore, the COVID-19 pandemic drove significant growth in lighting sales through e-commerce channels. The shift from offline to online sales encouraged companies to launch and invest in the e-commerce market for the lighting industry.
E-commerce Market Trends
Increasing Demand For E-Commerce in Residential and Commercial Applications Promotes the Market
- The E-Commerce market for the lighting industry has been experiencing significant growth in recent years. One of the significant advantages of the e-commerce market for the lighting industry is the convenience it offers consumers.
- Customers can easily browse and compare products from various brands and manufacturers, read reviews and ratings, and purchase online. Additionally, online shopping platforms often offer competitive prices and discounts, which can attract customers to purchase lighting products online.
- Another significant advantage of the e-commerce market for the lighting industry is the ease of access to a wide range of products. Online retailers can offer a broader range of products than traditional brick-and-mortar stores, including products from various brands and manufacturers. Customers can easily find and purchase lighting products that suit their needs and preferences.
- Various companies in the market have been undertaking various initiatives in the market to strengthen their presence in the market. For instance, in February 2023, SKYX Platforms Corp., a highly disruptive platform technology company, signed an agreement to acquire Belami, an established, profitable, strategic lighting and home décor e-commerce conglomerate with 64 websites.
- The acquisition of the strategic e-commerce lighting and home décor conglomerate would provide SKYX with a marketing and growth platform that is expected to advance the company business plan by years, provide several distribution channels, including retail customers, builders, and professionals, as well as significantly enhance gross margins of SKYX's products. Such initiatives by the companies in the market are expected to further fuel the E-commerce Market for Lighting Industry during the forecast period.
North America Is Expected To Hold The Major Share In The Market
- The growth in the e-commerce market for lighting products in the Americas can be attributed to several factors, including rising urbanization, increasing adoption of energy-efficient lighting solutions, and the growing trend of smart homes and connected lighting systems. Further, in line with the growing digitalization, various companies have taken various initiatives to expand their reach in the market.
- For instance, in March 2023, SKYX Platforms Corp., a highly disruptive technology company, acquired Bailey Street Home, a profitable, strategic e-commerce private label lighting website. This strategic acquisition of an e-commerce lighting website company would serve as another marketing and growth platform for SKYX, providing additional distribution to professional and retail channels for SKYX's revolutionary Plug & Play technology for lighting and ceiling fan installations.
- Acclaim Lighting customers would be able to see real-time inventory and up-to-date wholesale pricing on every product. The website design features a modern, sleek theme with improved and simplified navigation and more information. Such initiatives by the companies in the market are expected to drive the E-commerce Market for the Lighting Industry further in the region.
- Moreover, the United States is expected to be one of the largest markets for e-commerce lighting products in the Americas, with a well-developed e-commerce infrastructure and a large consumer base. Online retailers such as Amazon, Home Depot, and Wayfair are major players in the e-commerce market for lighting products in the United States.
- Furthermore, with the increasing adoption of energy-efficient lighting solutions and the growing trend of smart homes and connected lighting systems, the e-commerce market for the lighting industry will likely remain a significant growth opportunity for retailers and manufacturers in the region.
E-commerce Industry Overview
The E-commerce Market For Lighting Industry is fragmented, with significant players like Dialight PLC, Nichia Corporation, Savant Systems Inc., Signify NV, and Panasonic Corporation. Players in the market are adopting strategies such as partnerships, mergers, collaborations, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In May 2023, Savant Systems, Inc., one of the global industry leaders in smart home and energy anchored by power storage and flexible load management systems, announced that it has acquired POMCube, Inc.
In July 2022, to serve the best quality lighting and design products, 'The Stellar Kraft' launched its official all-exclusive e-commerce website. The website was likely to be solely dedicated to lights and design products, offering a first-hand user experience of the brand's current collections.
E-commerce Market Leaders
Dialight PLC
Nichia Corporation
Savant Systems Inc.
Signify NV
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
E-commerce Market News
- January 2023 - Nichia, an LED manufacturer and inventor of high-brightness blue and white LEDs, announced the additions of the NVSW719AC and NVSW219C-V2 to its industry-standard ceramic, high-power 3535-size portfolio of LEDs. With the advanced technology, the NVSW719AC is an LED that expands the possibility of lighting design, while the NVSW219C-V2 delivers unparalleled color uniformity via a dome-less structure.
- March 2022 - LUQOM GROUP, a German-based e-commerce platform for lighting fixtures, expanded its portfolio and outreach across Europe with the acquisitions of Danish company Lampemesteren, a leading online shop for exclusive lamps and premium lighting design in Northern Europe. With the acquisition, the company was expected to foster its position as the leading digital platform in Scandinavia.
E-commerce Market For Lighting Industry Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview (Current Scenario of Industrial Robots and KPI Analysis)
4.2 Impact of After-affects of COVID-19, Economic situation, and Political Uncertainties
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Challenges
6. MARKET SEGMENTATION
6.1 By Segment
6.1.1 Residential
6.1.2 Commerical
6.1.3 Industrial
6.1.4 Outdoor Lighting
6.2 By Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.2 Asia Pacific
6.2.2.1 China
6.2.2.2 India
6.2.2.3 Japan
6.2.2.4 Rest of Asia Pacific
6.2.3 Europe
6.2.4 Middle East and Africa
6.2.5 Rest of the World
6.3 COMPETITIVE LANDSCAPE
6.3.1 Company Profile
6.3.1.1 Dialight PLC
6.3.1.2 Nichia Corporation
6.3.1.3 Savant Systems Inc.
6.3.1.4 Osram Licht Ag (AMS OSRAM AG)
6.3.1.5 Signify NV
6.3.1.6 Zumtobel Group AG
6.3.1.7 Panasonic Corporation
6.3.1.8 Acuity Brands Inc.
6.3.1.9 Hubbell Incorporated
6.3.1.10 Arclite Lichtvertrieb GmbH
6.4 INVESTMENT ANALYSIS
6.5 FUTURE OUTLOOK OF THE MARKET
E-commerce Industry Segmentation
E-commerce involves activities that deal with the transaction of products and services over an internet-based platform. The lighting industry is an industry that focuses on the manufacturing, sales, and installation of lighting.
The E-commerce Market For Lighting Industry is segmented by segment (residential, commercial, industrial, and outdoor lighting) and by geography (North America [United States, Canada], Asia Pacific [China, India, Japan, and the Rest of Asia-Pacific], Europe, Middle East and Africa, Rest of the World). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Segment | |
| Residential | |
| Commerical | |
| Industrial | |
| Outdoor Lighting |
| By Geography | ||||||
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| Europe | ||||||
| Middle East and Africa | ||||||
| Rest of the World |
| COMPETITIVE LANDSCAPE | ||||||||||||
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E-commerce Market For Lighting Industry Market Research Faqs
How big is the E-commerce Market For Lighting Industry?
The E-commerce Market For Lighting Industry size is expected to reach USD 11.31 billion in 2024 and grow at a CAGR of 6.67% to reach USD 15.62 billion by 2029.
What is the current E-commerce Market For Lighting Industry size?
In 2024, the E-commerce Market For Lighting Industry size is expected to reach USD 11.31 billion.
Who are the key players in E-commerce Market For Lighting Industry?
Dialight PLC, Nichia Corporation, Savant Systems Inc., Signify NV and Panasonic Corporation are the major companies operating in the E-commerce Market For Lighting Industry.
Which is the fastest growing region in E-commerce Market For Lighting Industry?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in E-commerce Market For Lighting Industry?
In 2024, the North America accounts for the largest market share in E-commerce Market For Lighting Industry.
What years does this E-commerce Market For Lighting Industry cover, and what was the market size in 2023?
In 2023, the E-commerce Market For Lighting Industry size was estimated at USD 10.56 billion. The report covers the E-commerce Market For Lighting Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the E-commerce Market For Lighting Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
E-commerce Market For Lighting Industry Industry Report
Statistics for the 2024 E-commerce For Lighting Industry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. E-commerce For Lighting Industry analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
