Global Chandelier Market Report, Insights And Trends, Positive And Negative Factors, Areas To Focus On, Potential Markets, Key Developments, Segments And Verticals, And Forecast 2020 – 2029

                                          
Global Chandelier Market 2021: By Product (Traditional, Transitional, Modern), By Application (Residential, Commercial), By Distribution Channel (Offline, Online)

Global Chandelier Market Insights, Revenues, Growth Rate, Trends, Product Types, End-use Applications, Market Forecast from 2020 to 2029” is the title of an upcoming report tracked and produced by the research team at Trusted Business Insights. The report is an outcome of exhaustive research and interviews conducted by the analysts. The report focuses on the global market growth driving factors, challenges, trends, and opportunities. The report also provides PEST analysis, Porters Five Forces analysis, value chain analysis, and other additional information to offer holistic view of the report. Company profiles section includes details of the prominent companies engaged in chandelier manufacturing business.

The Global Chandelier market size was valued at USD $5.86 Billion in 2020, USD $6 Billion in 2021, forecasted to reach  USD $6.14 Billion in 2022, and is projected to reach USD $7.36 Billion by 2030, and is anticipated to expand at a CAGR of 2.3% over the forecast period from 2020 to 2030.

Chandelier: Overview

Chandeliers are one of the Home Décor products, widely adopted for application in households, hotels, closed lawns, among other places. Chandeliers are decorative lighting hanged on the ceiling in the center, and represent status, glamour, and class. Originally, chandeliers were only popular among high class people; however, these products are gaining popularity among large number of population owing to its feature to enhance ambiance of the place. Several hotels prefer chandelier to be fixed in the reception area. These products are available in different shapes, and sizes.

Drivers, Restraints, and Trends: Global Chandelier Market

Inclining number of luxury hotels, and other commercial places such as restaurants, malls, party halls, etc. is a major factor expected to augment demand for chandeliers and in turn drive growth of the global chandelier market. In addition, increasing preference for chandeliers as home décor and rising income levels among individuals is another factor projected to support growth of the global chandelier market. The main purpose of fixing chandelier is to enhance ambiance of the place or room. Increasing number of corporate parties, annual functions and official meetings is also expected to have a positive impact on growth of the target market. Chandeliers are also used in several religious places, especially in developing countries, which is another factor projected to support growth of the global market. Furthermore, availability of the product in various shapes, sizes, and colors is another factor resulting in higher adoption of chandeliers for application in small houses or in bedrooms. In commercial offices, small-sized chandeliers are fixed in reception area or in cabins. The aforementioned factors are expected to drive market growth.

Segment Analysis: Global Chandelier Market Analysis, by Product:

The transitional segment is expected to record largest share in terms of revenue, and is projected to continue with its dominance over the 10-year forecast period. The transitional chandelier is designed and developed using a combination of both, traditional and modern, aspects. It portrays blend of traditional with modern style chandeliers such as elegance, classic style, yet modern and stylish. This feature of transitional chandeliers makes it suitable for commercial setups, as well as for traditional and modern homes, and are mostly used in dining rooms, and entryways or reception areas.

The modern product type segment is projected to register highest CAGR over the 10-year forecast period. The modern chandeliers enhance appearance of the room due to its geometric shapes and abstract designs. In addition, modern product types are available in a variety of range with different frames and shapes which makes it suitable for entranceways, living rooms, bedrooms, as well as kitchens. Modern chandeliers with contemporary theme are also gaining popularity for application in small rooms and hallways.

Region Analysis: Global Chandelier Market

North America chandeliers market is expected to dominate in the global market, and is projected to contribute highest revenue share over the next 10 years. Increasing construction industry, rising number of luxury homes, especially in metropolitan cities in the region is among the major factors driving North America market growth. The Europe market is projected to contribute moderately high revenue share in the market owing to higher adoption of chandeliers among individuals of high class society as it symbolizes class and status. The Asia Pacific market is projected to register highest growth rate over the next 10 years due to increasing inclination towards home décor products, and interior designing, coupled with rising income levels among individuals in the countries in Asia Pacific.

Below are the leading companies profiled in this Chandelier Market Report:

  
Acuity Brands Lighting Inc.
  
Capitol Lighting Inc.
  
Dolan Designs Inc.
  
Elegant Lighting
  
FEISS, Inc.
  
Gemini Cut Glass Company, Inc.
  
Generation Brands LLC
  
HSL Worldwide Lighting Corporation
  
Hubbell Incorporated
  
James R. Moder Crystal Chandelier Inc.
  
JiangMen Jimmy Lighting CO.,LTD
  
Kings Chandelier Company.
  
Koninklijke Philips N.V.
  
KURT FAUSTIG KG.
  
Maxim Lighting International, Inc.
  
Nike, Inc.
  
Vanguard Lighting Co. Ltd.
  
Zhongshan Fusida Lighting Co., Ltd.

Global Chandelier Market Segmentation:

By Product

  
Traditional
  
Transitional
  
Modern

By Application

  
Residential
  
Commercial

By Distribution Channel

  
Offline
  
Online
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Chandelier market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Chandelier market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Chandelier market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Chandelier market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Chandelier market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Chandelier market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Chandelier industry?