Desk Lamp Market Size - By Type (Wired Lamps, Wireless Lamps), By Technology (LED, Fluorescent, and Halogen), By Product, By End Use, By Distribution Channel, & Forecast, 2024 - 2032
Report ID: GMI11751
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Published Date: October 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 30
Countries covered: 19
Pages: 120
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Desk Lamp Market
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Desk Lamp Market Size
The global desk lamp market size was valued at USD 1.52 billion in 2023 and is estimated to grow at a CAGR of 5.3% from 2024 to 2032. The Covid-19 pandemic has greatly accelerated the transition into a more virtual friendly work environment where people are transitioning into setting up personal offices in their homes which in the long run boosts productivity.
With more and more people working long office hours, the setups are incorporating ergonomic furniture and devices along with desk lamps to ensure maximum comfort for users and to alleviate discomfort during excessive work. This has led to a raised sense of awareness towards eye health. If proper lighting is not provided, eye strain and discomfort follows which in turn drives them to reliable desk lamp brands.
The introduction of adjustable brightness with color specific temperature settings in desk lamps that can be connected to smart systems has made the lamps even more appealing for the tech savy customer. The use of LED technology has caused a shift in low energy consumption along with lengthening the lifespan of the bulbs, which has motivated ecofriendly buyers. Stylish desk lamps have become a trend setter among home decor and along with other products, have sorted for increase in investment.
The combination of functionality and a pleasing aesthetic is the newly sought after goal of every product in all consumers’ eyes.
Most new desk lamps, especially the higher-end models, allow users to adjust aspects such as color and shape so that they can suit the individual’s preferences and also remain appealing in the market. The ability to buy desk lamps through e-commerce has made it easier for consumers to access a wider selection, which has resulted in the increase in sales. Moreover, Instagram and Pinterest tend to shape consumers’ interests in stylish and eye-catching illuminators.
Given the variety of brands and models of desk lamps, there is considerable difficulty for market players with new products trying to be unique. Businesses are frequently forced to engage in price competition, which renders profit margins thin and also makes it difficult to maintain high-quality products as well keep pushing for new high-quality innovations.
Strong brands with loyal customers are usually the leaders of a given market and new or smaller businesses find it very hard to gain market share. Furthermore, there is a tremendous pace in growth of new technologies and lighting solutions which bring about the need for new state-of-the-art products which in turn need more money being put into R&D. Products can have a very short life cycle, so it is vital to anticipate trends and consumer buying behavior for the sellers.
Desk Lamp Market Trends
Desk Lamp Market Analysis
The market contains two categories, such as wired and wireless. The wireless segment of the market is forecasted to exceed USD 1.52 billion in revenue by the end of 2032, CAGR at $0.93 billion in 2023.
Based on the desk lamp market technology, it is further sub classed into LED, Fluorescent, and Halogen. As regards, the LED market segment dominated the market of USD 0.96 billion and is estimated to grow up to USD 1.57 billion by 2032.
North America: North America shows promise in propelling the desk lamp market as both sales and growth are optimistic. The percentage of growth in the region is expected to increase at a CAGR of 6.4% during the forecasted time with the sale value sitting at 37.4% as of 2023. Many companies across the US are shifting into hybrid work environments and employees are given the flexibility to work in the office and from home.
Because of this change appliances such as desk lamps have become a vital investment for home offices. Employees are more inclined to buy quality desk lamps for their home office, as they recognize the need to have a well-lit environment to be productive. Considering that there is a focus to minimize eye strain and enhance comfort, desk lamps are being utilized in large settings to meet such requirements. There is still much room for improvement, however, because there is still a gap between the ideas implemented and the expected results. check my reference.
Steadily there seems to be an increase in the popularity of smart home solutions across North America, such as the use of app control, voice activation, or custom setting desk lamps is on the rise. Consumers are concerned about energy consumption and considering the long lifespan of desk lamps, there is strong support within the market for LED variants. Moving forward with the increase in environmental awareness of society, a noticeable shift in consumer behavior can be observed. The growth of e-commerce in North America has led to a greater variety of desk lamps that are easy to compare and buy online.
Europe: The European Union placed exporters in the desk lamp market a little behind as they accounted for CAGR o 5.5 %. The COVID-19 epidemic has fostered the shift towards remote working throughout Europe. As a result, a large percentage of employees now work from home, either on a full-time or part-time basis. This has led to an increased demand for properly furnished home offices which incorporate quality desk lamps.
The European market is shifting towards the adoption of energy-efficient lighting devices, particularly LED desk lamps, which have lower energy use and higher life expectancy than traditional bulbs. This contributes well to the sustainability cause. Moreover, EU policies incentivizing energy efficiency and green products encourage customers to switch to LED lamps and strengthen the process of shifting to ‘green’ lighting technologies. Furthermore, the growing trend of smart home devices in Europe has increased the need for desk lamps with such features as app control, voice activation and programmable settings.
Desk Lamp Market Share
The market for desk lamps is fairly consolidated; numerous regional and local firms compete on a global scale. This group of companies makes up roughly 45-50% of the entire market share. These companies pour substantial funds into R&D activities in order to invent new and technologically superior items. In addition, they are also working on widening their distribution networks both in the online and offline space.
Desk Lamp Market Companies
Major players operating in the desk lamp industry are:
Desk Lamp Industry News
The desk lamp market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD billion), (Million Units) from 2021 to 2032, for the following segments:
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Market, By Type
Market, By Technology
Market, By Product
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: