The global chandelier market size was valued at USD 6.7 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2019 to 2025. These lighting fixtures are used in luxury hotels, royal houses, and big commercial places to enhance the ambience, which is expected to propel the market growth. Furthermore, the growth of luxury homes in key metropolitan cities including New York, Los Angeles, San Francisco, Toronto, London, Paris, Hong Kong, Singapore, and Sydney, is expected to drive the product demand.
Growth of tourism and hospitality industry owing to rising disposable income, especially among millennials is expected to impel market growth. Hotels play a key role in promoting the utility of decorative lighting products including chandeliers. Increasing preference of the corporates and other organizations for hotels to organize annual events is expected to positively influence the market. Hotels are constantly improving their infrastructure and services to cater to corporate customers. Lighting from chandeliers adds a touch of luxury and modern look to the rooms and enhances aesthetic appeal of the interiors. Some of the variants such as a giant rounded chandelier, huge bubble lighting, supernova, and oversized crystal chandelier have gained significant popularity in interior design and decoration of hotels.
Growing construction of luxury homes, owing to urbanization and changing consumer lifestyle is expected to impel market growth. According to Christie's International Real Estate, the global luxury home sales recorded a growth rate of 11% in 2017. This is attributed to favorable financial assistance by banks on home loans. The rise in purchase of luxury homes can represent an upgrade in lifestyle or investment. Rising number of luxury homes is driving the demand for chandeliers as a symbol of wealth and status. This factor is projected to contribute to the market growth in the near future.
Significant rise in demand for low hanging and circular chandeliers among other luxury lighting fixtures for decorating dining table area is expected to further drive the market growth. Over the past few years, design and raw materials, including hygge, lagom, warm metals pop (brass, copper, and golden metallic), farmhouse, French country, iron, mixed materials, and industrial shows have been gaining popularity among consumers. Manufacturers also provide customized chandeliers to match the interior design themes of the buyers.
The commercial segment held the largest market share of over 60% in 2018 and is projected to continue its dominance over the forecast period. Increasing use of chandeliers to improve ambience of commercial spaces is driving the growth. Lighting plays an important role in creating ambiance in commercial places including hotels, restaurants, pubs, malls, retail stores, libraries, event halls, wedding halls, and museums. Thereby, rising focus on lighting system in such commercial facilities will drive segment’s growth over the forecast period.
The residential segment is expected to exhibit the fastest CAGR over the forecast period owing to rising demand for luxury interior. Consumer willingness to spend on home décor as well as rising standard of living are some of the key growth drivers. Rising purchasing power in prominent markets including U.S., Germany, China, and India is anticipated to further fuel the product demand. Over the past few years, brightness controllable or dimmable chandelier lights have gained significant popularity, which in turn will propel the growth of the segment.
The offline segment held the largest share of more than 90% in the chandeliers market in 2018. Home improvement retailers and department stores are the most common offline distribution channels. They provide a choice of physical verification to the consumers before making any purchasing decision.
The online channel segment is expected to witness the fastest CAGR of 4.8% from 2019 to 2025. Rapid growth of the e-commerce industry has been fueling online sale of chandeliers, driving regional growth. The U.S. is one of the largest e-commerce markets in the world. On the other hand, China, India, and other countries from Asia Pacific are expected to witness rise in e-commerce of lighting. Some of the popular online retailers of chandeliers are Amazon; Shades of Light; Lamps Plus; The Home Depot Inc.; Lumens; Lowe's Companies; Inc.; Arhaus; Bed Bath & Beyond Inc.; Horchow; Vintage Hardware & Lighting; and Olde Good Things.
Transitional chandeliers held the largest market share of more than 35% in 2018, and is anticipated to continue its dominance over the forecast period. The design of transitional chandelier is a combination of traditional or classic and modern. It provides a blend of rustic elegance of classic models and modern style, making it suitable for traditional as well as modern homes. The product is mostly used in entryways and dining rooms. Drum, orb, cage, flush-mount, drop, sputnik, bowl, and antler are some of the popular types of transitional chandeliers. Nickel, bronze, steel, iron, brass, and copper are the commonly used raw materials.
Modern chandelier segment is projected to witness the fastest CAGR of 3.8% from 2019 to 2025. The product offers a futuristic look to the room owing to crisp edges and geometric shapes complementing the world of digital era. In addition, it emphasizes abstract design represented in geometric style. Moreover, the product is available in a wide range of sizes, shapes, and frames making it suitable for living room, entranceway, kitchen, and bedroom. The contemporary theme is also gaining remarkable popularity for small rooms as well as hallways. Metal and bronze are the most preferred raw materials for making this type of chandelier.
In 2018, North America dominated the market, with more than 30% of the global revenue share. Increasing number of shopping malls, hotels, and restaurants is driving regional growth. In 2017, the U.S. had more than 116,000 malls. Most of these malls spend ample amount of money on decorative lighting to create a welcoming ambiance for visitors. In addition, adequate electrification in each country including the U.S., Canada, and Mexico is positively influencing the adoption of luxury lighting.
Asia Pacific segment is anticipated to witness the fastest CAGR over the forecast period. Increasing number of shopping malls in developing countries such as India and China is driving regional growth. In addition, changing consumer lifestyle and rising focus on luxury interiors in residential and commercial places will drive regional demand for chandeliers in the forthcoming years.
The companies are adopting business strategies such as mergers and acquisitions to expand their product portfolio and to gain competitive edge. For instance, in January 2019, Hubbell Incorporated launched a new collection of pendants, chandeliers, and sconces under the brand Progress Lighting, designed by American designer Jeffrey Alan Marks. This collection includes an eight-light chandelier with elegantly outstretched arms subtly balance form and weight, influenced by both industrial and artisanal style. Some of the prominent players in the chandelier market include:
Elegant Lighting
Generation Brands LLC
Nike, Inc.
Koninklijke Philips N.V.
Maxim Lighting International
HSL Worldwide Lighting Corporation
Acuity Brands Lighting Inc.
Hubbell Incorporated
Vanguard Lighting Co. Ltd.
King's Chandelier Company
James R. Moder Crystal Chandelier Inc.
Report Attribute |
Details |
Market size value in 2020 |
USD 7.18 billion |
Revenue forecast in 2025 |
USD 8.47 billion |
Growth Rate |
CAGR of 3.4% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, distribution channel, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Germany; U.K.; China; Japan; Brazil; South Africa |
Key companies profiled |
Elegant Lighting; Generation Brands LLC; Koninklijke Philips N.V.; Maxim Lighting International; HSL Worldwide Lighting Corporation; Acuity Brands Lighting Inc.; Hubbell Incorporated; Vanguard Lighting Co. Ltd.; King's Chandelier Company; James R. Moder Crystal Chandelier Inc. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global chandelier market report based on product, application, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2015 - 2025)
Traditional
Transitional
Modern
Application Outlook (Revenue, USD Million, 2015 - 2025)
Residential
Commercial
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Offline
Online
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
The U.S.
Europe
Germany
The U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
b. The global chandelier market size was estimated at USD 6.94 billion in 2019 and is expected to reach USD 7.18 billion in 2020.
b. The global chandelier market is expected to grow at a compound annual growth rate of 3.4% from 2019 to 2025 to reach USD 8.47 billion by 2025.
b. North America dominated the chandelier market with a share of 31.6% in 2019. This is attributable to rising increasing number of shopping malls, hotels, and restaurants is driving the regional growth.
b. Some key players operating in the chandelier market include Elegant Lighting; Generation Brands LLC; Koninklijke Philips N.V.; Maxim Lighting International; HSL Worldwide Lighting Corporation; Acuity Brands Lighting Inc.; Hubbell Incorporated; Vanguard Lighting Co. Ltd.; King's Chandelier Company; and James R. Moder Crystal Chandelier Inc.
b. Key factors that are driving the market growth include the increasing use of lighting fixtures in luxury hotels, royal houses, and big commercial places to enhance ambiance, which is expected to propel the market growth.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
We value your investment and offer free customization with every report to fulfil your exact research needs.