$13.8bn
$XXX.Xm
31,237
845
$X.Xbn
Manufacturers have experienced heightened volatility in recent years, largely because of fluctuations impacting construction activity. Although the early stages of the pandemic supported residential construction activity and boosted lighting fixture sales, these trends reversed quickly because of rising inflation, growing consumer uncertainty and increasing interest rates. On the other hand, nonresidential construction activity faced drastic losses at the start of the pandemic, as elevated unemployment, work-from-home trends, social distancing requirements and weakening corporate profit discouraged large commercial construction projects. These trends resulted in revenue dropping at an estimated CAGR of 1.7% to $13.8 billion through 2024, including a lag of 0.4% that year alone.
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated $13.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Signify Holding B.V. | 950.1 | 165.3 | 17.4 | |
Acuity Brands, Inc. | 666.7 | 83.1 | 12.5 | |
Ideal Industries, Inc. | 572.8 | 36.3 | 6.3 |
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Lighting Fixtures Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Resident electric lighting fixtures, Commercial, industrial and institutional electric lighting fixture and Other lighting equipment manufacturing. Resident electric lighting fixtures is the largest segment of the Lighting Fixtures Manufacturing in the US.
Nonresidential lighting fixtures benefit from new technologies
This industry manufactures electric lighting fixtures, nonelectric lighting equipment, lighting fixture components and lampshades made of metal, paper or textiles. The industry excludes establishments that manufacture light bulbs and tubes, glass lighting fixtures, vehicular lighting equipment, current-carrying wiring devices and lampshades made of plastic.
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NAICS 33512 - Lighting Fixtures Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Manufacturers struggle to compete with imports. Low operating costs overseas and a strengthening US dollar have made imported lighting fixtures more affordable domestically, ...
Learn about an industry's products and services, markets and trends in international trade.
Demand for residential lighting fixtures benefited from a boom in residential construction. However, elevated inflation and interest rate hikes in 2022 caused demand from the...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Strong construction activity lures manufacturers to the West. The region is home to a large portion of the population, resulting in a steady flow of construction projects.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Imports pose a significant threat to domestic producers. Foreign manufacturers satisfy close to half of domestic demand, mainly because of their lower operating costs and sim...
Learn about the performance of the top companies in the industry.
Consolidation is common among large manufacturers. To expand its geographic reach and product offerings, Signify acquired Cooper Lighting; by leveraging Cooper Lighting's ext...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Construction activity remains weak amid elevated interest rates. High interest rates push up long-term borrowing costs, discouraging consumers and downstream companies from t...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers develop new products to remain competitive. Because of this, manufacturers allocate significant resources toward research and development capabilities, causing ...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Lighting Fixtures Manufacturing in the US industry in United States is $13.8bn in 2024.
There are 845 businesses in the Lighting Fixtures Manufacturing in the US industry in United States, which has declined at a CAGR of 2.0 % between 2019 and 2024.
The market size of the Lighting Fixtures Manufacturing in the US industry in United States has been declining at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Lighting Fixtures Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Lighting Fixtures Manufacturing market in United States are Signify Holding B.V., Acuity Brands, Inc. and Ideal Industries, Inc.
Manufacturing commercial lighting fixtures and Manufacturing industrial lighting fixtures are part of the Lighting Fixtures Manufacturing in the US industry.
The company holding the most market share in United States is Signify Holding B.V..
The level of competition is moderate and increasing in the Lighting Fixtures Manufacturing in the US industry in United States.