Market Trends of E-commerce Industry For Lighting Industry
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.
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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.
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