U.S. Lighting Products and Ceiling Fan Market to Benefit from Surging Demand for Floor Lamps
Transparency Market Research’s (TMR) featured report, titled “U.S. Lighting Products And Ceiling Fan Market Analysis, Forecast By Retailers 2011 - 2016”, offers key insights into the said market. According to the report, the overall U.S. lighting products market revenue in the U.S. through retailers is projected to expand at a 2.9% CAGR during the forecast period from 2011 to 2016. In 2011, the revenue in the overall lighting products market was noted at US$5.5 bn and by 2016, the revenue is projected to be US$6.3 bn.
Browse the full U.S. Lighting Products (Chandeliers, Table Lamps, Floor Lamps, Wall Sconce, Vanity Lights, Flush Mounts, Pendants, And Outdoor Lanterns) And Ceiling Fan Market Analysis, Forecast By Retailers 2011 - 2016 report at http://www.transparencymarketresearch.com/us-lighting-products-market.html
Broadly, the U.S. lighting products and ceiling fan market is segmented by product type and retailers. On the basis of product type, the U.S. lighting products and ceiling fan market is divided into outdoor lanterns, pendants, flush mounts, vanity lights, wall scones, floor lamps, table lamps, and chandeliers.The demand for floor lamps in the market is high. The floor lamps segment held the largest share in the U.S. lighting products and ceiling fan market and is projected to lead the market in the coming few years as well. The floor lamps sector is projected to be the largest contributor in the U.S. lighting products and ceiling fan market with a 20.6% share by 2016. By 2016, the ceiling fans segment is projected to have a market revenue contribution of 20.1% in the U.S. lighting products and ceiling fan market.
On the basis of retailers, the U.S. lighting products and ceiling fan market is divided into Menards, Costco, Sam’s Club, Bed Bath & Beyond, Wal-Mart, Target, Lowes, and The Home Depot. In the U.S. lighting products and ceiling fan market, some of the common retail channels are home improvement stores, electric departmental stores, small retailers, discount stores, and specialty stores.The Home Depot and Lowe’s are the two giants in the U.S. lighting products and ceiling fan market, holding a dominant share. Due to cost-effective deals on an everyday basis, along with excellent customer service, Costco is a one of the most popular retail channels in the U.S. lighting products and ceiling fan market.
The U.S. lighting products and ceiling fan market is driven by the surging demand for reliable and uninterrupted supply of electricity. In addition to this, the U.S. lighting products and ceiling fan market is also driven by the insufficient power infrastructure of the nation. The U.S. lighting products and ceiling fan market will also benefit from the high focus of a large pool of retailers on the non-residential sector on contract-based sales.At present, the construction segment dominates the U.S. lighting products and ceiling fan market and is projected to prosper substantially during the forecasting horizon. Factors such as the rising disposable income levels, growing preference of consumers for a better lifestyle, and accelerating number of home improvement projects are also fueling the demand for lighting products and ceiling fans in the market.Furthermore, the rising efficiency of lighting products and ceiling fans will further boost the U.S. lighting products and ceiling fan market. Key players in the U.S. lighting products and ceiling fan market are increasingly launching products that are affordable and offer enhanced efficiency.
Key Segments of the U.S. Lighting Products and Ceiling Fan Market
Product Type
Ceiling Fan
Chandeliers
Table Lamps
Floor Lamps
Wall Sconce
Vanity Lights
Flush mounts
Pendants
Outdoor Lanterns
Retailers
The Home Depot
Lowes
Target
Wal-Mart
Bed Bath & Beyond
Sam’s Club
Costco
Menards
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