Table and Floor Lamp Market Grow with a CAGR of 5.65% through 2030F
The global Table and Floor Lamp market is driven by increasing urbanization, rising disposable
incomes, demand for energy-efficient lighting, and growing interest in home
décor and smart lighting.
According to
TechSci Research report, “Table and Floor Lamp Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the global Table and Floor Lamp Market stood at USD 22.48 billion in 2024 and is expected to
grow USD 31.86 billion by 2030 with a CAGR of 5.65%
during the forecast period. The global Table and Floor Lamp Market is
experiencing significant growth due to the increasing demand for decorative
lighting. As consumers become more focused on enhancing the aesthetics of their
living and working spaces, decorative lighting plays a key role in creating
ambiance and adding character to interiors. Table and floor lamps offer
versatile lighting solutions that can complement various décor styles, from
minimalist to luxurious. With a growing preference for personalized and unique
designs, consumers are seeking lamps that not only provide functionality but
also contribute to the overall décor of their homes or offices. Manufacturers
are responding by offering an array of designs, materials, and finishes that
cater to diverse tastes. The rise of home décor trends, fueled by social media
and influencer marketing, has further boosted the demand for stylish lighting
fixtures, driving growth in the table and floor lamp market.
The global Table
and Floor Lamp Market is experiencing significant growth due to the rising
demand for smart home integration across the region. As consumers increasingly
adopt smart home technology, there is a rising demand for lighting solutions
that can seamlessly integrate with smart home systems. Table and floor lamps
equipped with smart features, such as app control, voice activation, and
compatibility with virtual assistants like Alexa and Google Assistant, are
gaining popularity. These lamps offer convenience, energy efficiency, and
customizable lighting settings, allowing users to control their home lighting
remotely or set automated schedules. The integration of smart technology not
only enhances user experience but also contributes to energy savings by
enabling better control over lighting usage. As smart homes become more common,
the demand for table and floor lamps that can easily integrate with these
systems is expected to continue driving market growth.
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"Global Table and Floor Lamp Market”
The global Table
and Floor Lamp Market is segmented into type, end user, distribution channel, and
region.
Based on the type,
the floor lamps segment is the fastest growing in the global Table and Floor
Lamp Market, driven by increasing consumer demand for versatile and functional
lighting solutions. Floor lamps provide ambient, task, and accent lighting,
making them a popular choice for various spaces, including living rooms,
offices, and bedrooms. Their ability to enhance the aesthetic appeal of a room,
combined with features such as adjustable heights and flexible light settings,
adds to their appeal. Also, with the growing trend of open-concept living
spaces, floor lamps offer an ideal solution to illuminate larger areas without
taking up valuable table space. The rise of smart floor lamps that offer
features like remote control and energy efficiency further fuels their demand,
contributing to the segment's rapid growth in the market.
Based on the
region, Europe is the fastest-growing region in the global Table and Floor Lamp
Market, driven by several key factors. The increasing demand for stylish,
energy-efficient, and functional lighting solutions in residential and
commercial spaces is fueling market growth. As European consumers place a
higher emphasis on home décor, table and floor lamps are being viewed as
essential design elements that complement various interior styles. Also, the
region's growing focus on sustainability is driving the demand for
energy-efficient and eco-friendly lighting products, such as LED lamps. Also,
the rise of smart homes and the integration of IoT technology into lighting
solutions are further contributing to the market's growth. The well-established
retail infrastructure, coupled with a growing trend for online shopping, is
also providing consumers with easy access to a wide range of lighting options.
These factors collectively position Europe as the fastest-growing region in the
market.
Major companies
operating in the global Table and Floor Lamp Market are:
- Koninklijke
Philips N.V.
- Williams-Sonoma Inc.
- Crate & Barrel
- Ashley Furniture Industries, LLC
- Steelcase Inc
- Inter IKEA Systems B.V.
- Wayfair LLC
- The Home Depot, Inc
- The White Teak Company
- Dekor Company
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“The global Table
and Floor Lamp Market is expected to growth in the upcoming years owing to the growing
preference for customization. Consumers are seeking lighting solutions that not
only serve a functional purpose but also reflect their personal style and home
décor preferences. As a result, manufacturers are offering a wide variety of
customizable options, such as adjustable brightness, color temperature, and
unique designs to cater to diverse tastes. Also, custom lamps that allow for
the selection of materials, finishes, and even the shape or size of the
lampshade are gaining popularity. This trend is particularly strong in the
high-end segment, where consumers are willing to invest in tailored,
one-of-a-kind lighting solutions. The ability to personalize table and floor
lamps ensures that they seamlessly integrate with the overall aesthetics of
living spaces, further boosting demand in the market,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
"Table and Floor Lamp Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Type (Table Lamps, Floor
Lamps), By End User (Residential, Commercial), By Distribution Channel (Online,
Offline), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global
Table and Floor Lamp Market and provides
statistics & information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global Table and Floor Lamp Market.
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