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Floor Lamps Market Share

Report ID: GMI8097
Published Date: Feb 2024
Report Format: PDF

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Floor Lamps Market Share

In 2023, dominant market players, including GUANYA, YLighting, Philips, AOZZO, and Matsushita Electric (China) Co. Ltd. The top five companies collectively hold a substantial 15-25% market share. This market is a highly fragmented market. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.

Floor Lamps Market Companies

Major players operating in the floor lamps industry include:

GUANYA
YLighting
Philips
AOZZO
Matsushita Electric (China) Co. Ltd
OPPLE
IKEA
Zhongshan Huayi Lighting
Guangdong PAK Corporation
VENINI S.p.A.
Lumens (YDesign Group, LLC)
Koninklijke Philips N.V
Baulmann Leuchten GmbH
Panasonic Corporation
ANTA Leuchten Kristian Kracht
The White Teak Company (Obgenix Software Pvt. Ltd)
CB2 (Euromarket Designs, Inc.)
Adesso Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The floor lamps market was valued at USD 3 billion in 2023 and is anticipated to register a CAGR of over 4.7% between 2024 & 2032, driven by increasing urbanization and population growth, along with demand for lamps with features such as adjustable color temperatures and brightness levels.

Modern lamps segment held the dominant market share worth 1.5 USD billion in 2023 and will continue to gain traction, as they incorporate advanced lighting technology, such as energy-efficient LED bulbs.

North America dominated the global floor lamps market with a revenue share of USD 0.8 billion in 2023, attributed to the increasing interest in floor lamps for electrification and rapid urbanization.

GUANYA, YLighting, Philips, AOZZO, Matsushita Electric (China) Co. Ltd, OPPLE, IKEA, Zhongshan Huayi Lighting, Guangdong PAK Corporation, VENINI S.p.A., Lumens (YDesign Group, LLC), Koninklijke Philips N.V., and Baulmann Leuchten GmbH.