Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#35 In EuropeBusiness
#31 In EuropeEmployees
#33 In EuropeWages
#35 In EuropeThe ban on certain halogen lamps introduced in the EU in 2018 hurt the industry's sales performance. Larger producers of electric lamps outsourced the manufacture of halogen lamps and increasingly focused on producing automotive LED lightbulbs or networked lighting solutions. In 2020, there was a slump in sales in the automotive market thanks to the coronavirus crisis, which postponed downstream production. In addition, in September 2021, the EU banned all halogen lamps and implemented more stringent energy labelling regulations. These measures incentivised lamp manufacturers to develop more energy-efficient lamps. However, halogen lamp manufacturers have lost out.
Enterprises
Number of businesses in 2024
Biggest companies in the Electric Lighting Equipment Manufacturing in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Electric Lighting Equipment Manufacturing in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Electric Lighting Equipment Manufacturing industry in Cyprus in 2024?
The market size of the Electric Lighting Equipment Manufacturing industry in Cyprus is €3.4m in 2024.
How many businesses are there in the Electric Lighting Equipment Manufacturing in Cyprus industry in 2024?
There are 16 businesses in the Electric Lighting Equipment Manufacturing industry in Cyprus, which has declined at a CAGR of 4.4 % between 2019 and 2024.
Has the Electric Lighting Equipment Manufacturing industry in Cyprus grown or declined over the past 5 years?
The market size of the Electric Lighting Equipment Manufacturing industry in Cyprus has been declining at a CAGR of 4.4 % between 2019 and 2024.
What is the forecast growth of the Electric Lighting Equipment Manufacturing industry in Cyprus over the next 5 years?
Over the next five years, the Electric Lighting Equipment Manufacturing industry in Cyprus is expected to decline.
What does the Electric Lighting Equipment Manufacturing in Cyprus include?
Electrical lighting or visual signaling equipment for motor vehicles and Chandeliers and other electric ceiling or wall lighting fittings are part of the Electric Lighting Equipment Manufacturing industry.
How competitive is the Electric Lighting Equipment Manufacturing industry in Cyprus?
The level of competition is low and steady in the Electric Lighting Equipment Manufacturing industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Consumer Electronics Manufacturing in Cyprus
- Electrical Household Appliance Manufacturing in Cyprus
Complementors
- Wiring & Wiring Device Manufacturing in Cyprus
- Electric Motor, Generator & Transformer Manufacturing in Cyprus
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture electric light bulbs and tubes, parts and components (except glass blanks for electric light bulbs), electric lighting fixtures and lighting fixture components (except current-carrying devices). Manufacturers also produce non-electrical lighting equipment.
Related Terms
FILAMENT LIGHTLED TUNGSTENWhat's included in this industry?
Electrical lighting or visual signaling equipment for motor vehiclesChandeliers and other electric ceiling or wall lighting fittingsElectric lamps and lighting fittingsSearchlights and spotlightsIlluminated signs, name-plates and road signsOther lamps and productsCompanies
Industry Code
274 - Manufacture of electric lighting equipment in Cyprus
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Electric Lighting Equipment Manufacturing in Cyprus industry?
Outlook
Analysis
What's driving the Electric Lighting Equipment Manufacturing in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Electric Lighting Equipment Manufacturing in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Electric Lighting Equipment Manufacturing in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Innovation spurs sales of electrical lighting equipment for motor vehicles. In recent years, European manufacturers, particularly in Germany, have developed innovative headlights using LiDAR-sensor technology, increasing revenue generated from these products.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Electric Lighting Equipment Manufacturing in Cyprus industry's products and services performing?
Analysis
What are innovations in the Electric Lighting Equipment Manufacturing in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Electric Lighting Equipment Manufacturing in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Manufacturers specialise in various product segments. While a handful of manufacturers, including Marelli Automotive Lighting Reutlingen, Osram and Hella, dominate the automotive lighting market, there is plenty of room for other manufacturers to specialise in niche products, keeping concentration low.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Electric Lighting Equipment Manufacturing in Cyprus located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with a range of EU regulations. The EU SLR - Single Lighting Regulation and EU ELR - Energy Labelling Regulation set more stringent minimum efficacy thresholds on light sources and ensure manufacturers correctly label their energy efficiency.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Electric Lighting Equipment Manufacturing in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
High-value products support profit margins. Large-scale manufacturers with substantial R&D budgets have developed innovative products in recent years, allowing them to achieve a high markup, especially in the intelligent lighting systems and customised lighting solutions segments.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Electric Lighting Equipment Manufacturing in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
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
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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