$23.1bn
$X.Xbn
220k
897
$X.Xbn
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.
Industry revenue has declined at a CAGR of 1.3 % over the past five years, to reach an estimated $23.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
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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.
Lighting and Bulb Manufacturing in China
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.
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).
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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...
Learn about an industry's products and services, markets and trends in international trade.
Fluorescent lamps segment is the largest segment in the industry. The demand for compact fluorescent lamps will increase.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The industry is concentrated in Anhui, Zhejiang, Fujian, Guangdong and Jiangsu provinces, where there are many high-tech enterprises, strong economic conditions and convenient...
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.
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...
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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...
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Strict efficiency standards discourage the use of traditional bulbs. These standards have caused manufacturers to exit the industry and pushed consumers toward LED solutions.
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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.
Including values and annual change:
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Key data sources in China 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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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.
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The market size of the Lighting and Bulb Manufacturing industry in China is $23.1bn 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.
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.
Over the next five years, the Lighting and Bulb Manufacturing industry in China is expected to grow.
Manufacturing of lamps and Manufacturing of low-voltage bulbs are part of the Lighting and Bulb Manufacturing industry.
The level of competition is high and steady in the Lighting and Bulb Manufacturing industry in China.