Market Size of E-commerce Industry For Lighting Industry
| 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.
