Chandelier Market: Decorative lighting Industry Chandelier Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2029

The Chandelier Market size was valued at USD 7.95 Billion in 2022 and the total Chandelier Market is expected to grow at a CAGR of 4.32% from 2023 to 2029, reaching nearly USD 10.69 Billion.
Chandelier Market Overview:
Chandelier is one of the home décor products widely adopted for application in households, hotels, closed lawns, among other places. Chandeliers are also used in large commercial spaces, royal houses, and luxury hotels to create a royal and grand ambiance. The increasing number of luxury and royal homes in major metropolitan areas such as London, New York, San Francisco, Hong Kong, Los Angeles, Paris, Sydney, and Singapore are expected to drive demand for chandeliers market globally. Recently, the chandelier market has experienced a plethora of remarkable innovations. The introduction of LED lighting technology, marking a significant shift, has bestowed chandeliers with improved energy efficiency and greater durability, ensuring their ability to withstand the effects of time. Furthermore, the rise of smart home integration has opened up a realm of unparalleled convenience, allowing chandeliers to be controlled through smartphone applications or virtual assistants.
Chandelier Market Snapshot
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Considerable investments have been injected into the chandelier market as businesses aim to broaden their offerings and explore uncharted customer segments. Many lighting companies have seamlessly integrated chandeliers into their product lines, either through strategic partnerships or savvy acquisitions, harmonizing aesthetics and functionality in the process.

Demand for Chandeliers Driven by Decorative lighting Industry:

The demand for decorative lighting products like chandeliers is notably high among high-net-worth residential users, thereby contributing significantly to market growth. This growth is propelled by designers' innovative modifications to products and their subsequent adoption by upscale clientele. Furthermore, the growth of the industry is bolstered by the increasing preference for LED decorative lighting owing to its cost-effectiveness and energy efficiency.
Chandeliers and Electrical Lighting Appliances Industry Revenue in Brazil, 2017-2021


The widespread availability of electricity in households across the United States, Canada, and Mexico plays a pivotal role in driving the adoption of innovative approaches to decorative lighting. Notably, the United States alone boasted 116,108 malls in 2018, with a substantial investment in decorative lighting aimed at crafting inviting atmospheres. Similarly, as per the American Hotel & Lodging Association, the count of hotel properties in the U.S. surpassed 54,200. These establishments utilize decorative lighting to curate a luxurious ambiance, expected to evoke a sense of tranquillity and relaxation among their guests.
Chandelier Market Dynamics:
Chandelier Market dynamics are thoroughly studied and explained in the MMR report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Chandelier Market.

High Demand for Luxury Homes Spurs Resurgence of Chandeliers:

The growing demand for luxury homes has significantly contributed to the rising popularity of chandeliers in contemporary interior design and drive the Chandelier Market. Chandeliers are more than just lighting fixtures; they are revered as symbols of elegance, sophistication, and opulence. As the luxury home market expands, particularly among affluent buyers with a penchant for high-end living, the allure of chandeliers as a status symbol becomes increasingly pronounced. These ornate and meticulously crafted lighting fixtures not only provide illumination but also serve as artistic centrepieces that draw attention and admiration.

The desire to create an ambiance of grandeur and luxury within these upscale residences has driven architects, interior designers, and homeowners to incorporate chandeliers into their design plans. This trend reflects not only a preference for exquisite lighting solutions but also a broader aspiration to cultivate a living environment that exudes affluence and exclusivity. As luxury homes continue to rise in demand, the prominence of chandeliers as coveted design elements is expected to endure, shaping the interior aesthetic of upscale living spaces.

Popularity of Antique and Vintage-Style Chandeliers:

The chandelier market's growth is influenced by the surging popularity of vintage and antique-style chandeliers among consumers. These individuals appreciate the enduring sophistication and unique character that such chandeliers infuse into their living spaces. Moreover, a heightened awareness regarding the benefits of natural lighting has become a significant driver. Daylight spectrum chandeliers, designed to emulate the soothing and cozy glow of natural light, are gaining prominence. This newfound understanding has translated into a heightened desire for chandeliers capable of replicating natural lighting effects, thus driving the growth of the chandelier market globally.

Sustainability and Eco-Friendly Products to Drive the Chandelier Market Growth

Consumers are becoming more environmentally conscious, and this trend extends to their purchasing decisions. Chandelier manufacturers that emphasize sustainable materials and production processes can attract environmentally-aware consumers. Sustainability is the practice of meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Eco-friendly products are products that are designed and manufactured with sustainability in mind. They are made from materials that are renewable or recycled, and they are produced in ways that minimize environmental impact. Consumers are becoming more environmentally conscious for a number of reasons. They are concerned about the impact of climate change, and they want to make choices that are better for the environment. They are also looking for ways to reduce their carbon footprint, and they believe that eco-friendly products can help them do that.

Chandelier manufacturers that emphasize sustainable materials and production processes can attract environmentally-aware consumers. These consumers are willing to pay more for eco-friendly products, and they are more likely to be loyal to brands that they believe are committed to sustainability.

Chandelier Market Challenges:

The prices of materials such as crystal, glass, and metal have been rising in recent years, which has put pressure on chandelier manufacturers' margins. This is because chandeliers are often made from these materials, and the higher prices of these materials can make it difficult for manufacturers to produce chandeliers at a profit. Another major challenge facing the chandelier market is the competition from LED lighting. LED lighting is becoming increasingly popular as it is more energy-efficient and long-lasting than traditional incandescent and halogen bulbs. This is posing a challenge to chandelier manufacturers, as many consumers are choosing to replace their chandeliers with LED lights. This is because LED lights can save consumers money on their energy bills, and they are also more durable than traditional bulbs.

The changing consumer preferences is also a challenge for the chandelier market. Consumer preferences for chandeliers are changing, with consumers increasingly looking for more modern and minimalist designs. This is making it difficult for chandelier manufacturers to sell traditional, ornate chandeliers. This is because consumers are now looking for chandeliers that are more in line with their modern and minimalist home décor.

The chandelier industry is also facing labour shortages in some countries, such as India and China. This is making it difficult for chandelier manufacturers to find skilled workers to manufacture their products. This is because the labour force in these countries is aging, and there are not enough young people entering the workforce to replace them.

Chandelier Market Trends:

1. New lighting technologies, such as LED lights, are making chandeliers more energy-efficient and sustainable. This is making them more attractive to consumers who are concerned about the environment.
2. Online shopping is making it easier for consumers to purchase chandeliers from a wider range of retailers. This is also contributing to the growth of the market.
3. The integration of smart home technology is becoming more prevalent in chandelier designs. Smart chandeliers can be controlled remotely, dimmed, and even change color to match different moods and occasions, offering both functionality and customization.
4. The use of sustainable materials: There is a growing demand for chandeliers that are made from sustainable materials, such as recycled glass and bamboo. This trend is being driven by the increasing awareness of the environmental impact of traditional chandeliers.
Chandelier Market Segment Analysis:
Based on Product, Modern chandelier segment is expected to witness the highest CAGR of 5.23% from 2023 to 2029 in the global Chandelier Market. The product offers a futuristic look to the room owing to crisp edges and geometric shapes complementing the world of digital era. In addition, it emphasizes abstract design represented in geometric style. Moreover, the product is available in a wide range of sizes, shapes, and frames making it suitable for living room, entranceway, kitchen, and bedroom. The contemporary theme is also gaining remarkable popularity for small rooms as well as hallways. Metal and bronze are the most preferred raw materials for making this type of chandelier.
Chandelier Market Share by Product (%) by 2029


By Distribution Channel, Online segment is expected to grow at a CAGR of 5.32% over the forecast period in the Chandelier Market. The rapid growth of the e-commerce sector has been a catalyst for the increased online sale of chandeliers, contributing to regional growth. Notably, the US stands as one of the globe's largest e-commerce markets, amplifying the digital sales of these lighting fixtures. Simultaneously, countries like China and India within the APAC are poised to observe a surge in e-commerce transactions related to lighting products. Among the prominent online chandelier retailers are Amazon, Shades of Light, Lamps Plus, The Home Depot Inc., Lowe's Companies Inc., Lumens, Horchow, Vintage Hardware & Lighting, Arhaus, Bed Bath & Beyond Inc., and Olde Good Things.
The offline segment held the largest share of over 82% in the chandeliers market in 2022. Home improvement retailers and department stores are the most common offline distribution channels. They provide a choice of physical verification to the consumers before making any purchasing decision.
Chandelier Market Regional Insights:
North America accounted for the largest Chandelier Market share of nearly 37.8% in 2022. The increasing presence of commercial establishments, encompassing restaurants, shopping malls, pubs, and hotels, is expected to increase the demand for these products within the regional Chandelier Market. Chandeliers, renowned for cultivating an inviting and hospitable atmosphere, find favour in these commercial spaces, often serving as a centerpiece of decor. As a result, these structures are thoughtfully adorned with these elegant fixtures. Furthermore, metropolitan areas in countries like the US, Mexico, and Canada. benefit from abundant electricity supply, a factor poised to propel the regional market's growth during the forecast period.

APAC is expected to grow highest CAGR of 5.93% over 2023-2029. The growth can be attributed to the enhancement of people's lifestyles and the rising count of luxury home developments within this vicinity. Additionally, there has been a substantial upsurge in the establishment of shopping malls across this region, which is also expected to exert a favourable influence on the regional Chandelier market's growth trajectory.

Global Chandelier Market Recent Development:

The MMR reports cover key developments in the Chandelier Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others like patents and events.
1. Feiss, a prominent chandelier manufacturer, unveiled an exciting development in 2022 with the introduction of their latest LED Chandelier Collection. This collection showcases a diverse array of styles, encompassing traditional, modern, and transitional designs. Each chandelier within the collection is thoughtfully outfitted with energy-efficient LED lights, not only bestowing captivating illumination but also contributing to lowered energy expenditures.
2. In the year 2022, Wranovsky introduced an innovative Custom Chandelier Design Service. Renowned as a distinguished chandelier manufacturer, Wranovsky initiated this service, which empowers customers to craft their very own personalized chandeliers. This unique offering allows patrons to meticulously select the desired style, materials, and finishes for their chandeliers. Wranovsky's team of adept designers collaborates closely with clients to bring their envisioned chandeliers to life, ensuring that each creation aligns perfectly with individual preferences and requirements.
Chandelier Market Scope: Inquire Before Buying



Global Chandelier Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.95 Bn.


Forecast Period 2023 to 2029 CAGR:
4.32%
Market Size in 2029:
US $ 10.69 Bn.


 Segments Covered:
by Product
Traditional
Transitional
Modern


by Application
Residential
Commercial


by Distribution Channel
Online
Offline



Chandelier Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Chandelier Market Key Players:
1. Kichler Lighting
2. Hudson Valley Lighting
3. Elegant Lighting
4. Generation Brands LLC
5. Koninklijke Philips N.V.
6. Maxim Lighting International
7. HSL Worldwide Lighting Corporation
8. Acuity Brands Lighting Inc.
9. Hubbell Incorporated
10. Vanguard Lighting Co. Ltd.
11. King's Chandelier Company
12. James R. Moder Crystal Chandelier Inc.
13. Nike, Inc.
14. James R. Moder Crystal Chandelier Inc
15. American Brass & Crystal
16. Jaquar India

FAQs:

1] What segments are covered in the Global Chandelier Market report?
Ans. The segments covered in the Chandelier report are based on Product, Application, Distribution Channel and Region.

2] Which region is expected to hold the highest share in the Global Chandelier Market during the forecast period?
Ans. North America region is expected to hold the highest share of the Chandelier Market during the forecast period.

3] What is the market size of the Global Chandelier by 2029?
Ans. The market size of the Chandelier by 2029 is expected to reach US$ 10.69 Bn.

4] What is the forecast period for the Global Chandelier Market?
Ans. The forecast period for the Chandelier Market is 2023-2029.

5] What was the market size of the Global Chandelier in 2022?
Ans. The market size of the Chandelier in 2021 was valued at US$ 7.95 Bn.