Lighting and Bulb Manufacturing in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3971Revenue
$23.1bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
220k
Businesses
897
Wages
$X.Xbn
Lighting and Bulb Manufacturing in China industry analysis
Revenue in the Lighting and Bulb Manufacturing industry is expected to decline at an annualized 1.3% over the five years through 2022, to total $23.1 billion. This trend includes an expected drop of 6.1% in the current year. The industry has developed steadily, driven by supportive government policies and increasing disposable income. Following product upgrades and rising demand for high-end products, industry profit is estimated to account for 6.4% of revenue in 2022.Affected by the repeated COVID-19 epidemic and the high price of raw materials, the profit space of enterprises has been squeezed to a certain extent, and the industry reshuffle continues. Enterprises with technology, capital and brand advantages are gradually expanding their market share, and high-quality resources are gathering to leading enterprises. Digitalization and intelligentization help improve the whole value chain operation ability of the industry.The Lighting and Bulb Manufacturing industry in China has a high level of foreign ownership. In 2022, three of the top ten players in this industry are wholly-owned foreign companies and another is a Sino-foreign joint venture. In addition, exports are anticipated to contribute a large share of revenue, at an estimated 40.5% in 2022. Overall, approximately 900 enterprises are expected to operate in the industry, employing 219,744 people with total wages of $2.3 billion in 2022. Industry revenue is forecast to increase at an annualized 4.8% over the five years through 2027, to total $29.2 billion. LED lighting products will likely maintain rapid growth in China over the period, replacing some of the demand for traditional lighting. Industry players are increasingly focused on producing smart lighting that consumes less energy. As a result, industry operators are forecast to gradually phase out producing incandescent lamps.
Trends and Insights
- Revenue for the Lighting and Bulb Manufacturing industry in China is expected to decline at an annualized 2.5% over the five years through 2023. Electric lighting is widely used in the commercial, business, construction, heavy industry and household sectors in China.
- Fluorescent lamps segment is the largest segment in the industry. The demand for compact fluorescent lamps will increase.
- The industry is concentrated in Anhui, Zhejiang, Fujian, Guangdong and Jiangsu provinces, where there are many high-tech enterprises, strong economic conditions and convenient port transportation. These five provinces contribute approximately 68.8% of total industry revenue.
- Competition is mainly from the internal industry as some products in this industry could also replace some others. There are few goods from other industries that can take the place of these products.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.3 % over the past five years, to reach an estimated $23.1bn in 2024.
Trends and Insights
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Biggest companies in the Lighting and Bulb Manufacturing in China
| Company | Market Share (%)
2022 | Revenue ($short_0)
2022 |
|---|
There are no companies that hold a large enough market share in the Lighting and Bulb Manufacturing in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Lighting and Bulb Manufacturing in China
Products & Services
Industry revenue is measured across several distinct product and services lines, including Fluorescent lamps and discharge lamp tubes, HID lamps and Tungsten-halogen lamps. Fluorescent lamps and discharge lamp tubes is the largest segment of the Lighting and Bulb Manufacturing in China.
Trends and Insights
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Lighting Equipment Manufacturing in China
- Automotive Lighting and Signaling Equipment Manufacturing in China
International industries
- Lighting & Bulb Manufacturing in the US
- Lighting Fixtures Manufacturing in the US
- Lighting & Bulb Manufacturing in Canada
- Lighting Fixtures Manufacturing in Canada
- Electric Lighting Equipment Manufacturing in Australia
Table of Contents
About this industry
Industry definition
The Lighting and Bulb Manufacturing industry in China mainly manufactures electronic light bulbs (light generated by electronic current through tungsten filament) and gas discharge lamps (light generated by gas discharge when electronic current runs through the electrodes at both ends).
What's included in this industry?
Manufacturing of lampsManufacturing of low-voltage bulbs Manufacturing of fluorescent lamps: straight, ring and compact fluorescent lamps Manufacturing of special bulbs: halogen lamps, high-voltage sodium lamps, and high-voltage mercury lampsManufacturing of lamp holder supports for various bulbsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
FLUORESCENT LAMPINCANDESCENT LAMPLIGHT-EMITTING DIODE (LED)Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Revenue for the Lighting and Bulb Manufacturing industry in China is expected to decline at an annualized 2.5% over the five years through 2023. Electric lighting is widely u...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Fluorescent lamps segment is the largest segment in the industry. The demand for compact fluorescent lamps will increase.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The industry is concentrated in Anhui, Zhejiang, Fujian, Guangdong and Jiangsu provinces, where there are many high-tech enterprises, strong economic conditions and convenient...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Competition is mainly from the internal industry as some products in this industry could also replace some others. There are few goods from other industries that can take the...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The major companies has advantages in research and technology. With the increasing demand for high-quality products from consumers, major companies in the industry are active...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Strict efficiency standards discourage the use of traditional bulbs. These standards have caused manufacturers to exit the industry and pushed consumers toward LED solutions.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The follow Cost Structure Benchmarks represent an average of all firms operating in the industry. Generally, purchase costs account for the largest share of industry revenue.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Lighting and Bulb Manufacturing industry in China in 2024?
The market size of the Lighting and Bulb Manufacturing industry in China is $23.1bn in 2024.
How many businesses are there in the Lighting and Bulb Manufacturing in China industry in 2024?
There are 897 businesses in the Lighting and Bulb Manufacturing industry in China, which has declined at a CAGR of 0.3 % between 2019 and 2024.
Has the Lighting and Bulb Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Lighting and Bulb Manufacturing industry in China has been declining at a CAGR of 1.3 % between 2019 and 2024.
What is the forecast growth of the Lighting and Bulb Manufacturing industry in China over the next 5 years?
Over the next five years, the Lighting and Bulb Manufacturing industry in China is expected to grow.
What does the Lighting and Bulb Manufacturing in China include?
Manufacturing of lamps and Manufacturing of low-voltage bulbs are part of the Lighting and Bulb Manufacturing industry.
How competitive is the Lighting and Bulb Manufacturing industry in China?
The level of competition is high and steady in the Lighting and Bulb Manufacturing industry in China.
