E-commerce Market For Lighting Industry Market Size (2024 - 2029)

The E-commerce Market for the lighting industry is experiencing rapid expansion, driven by the digital transformation of retail and the increasing reliance on online sales platforms. This growth is further accelerated by the heightened awareness of the importance of proper lighting for health and safety, which has spurred demand for lighting products. The COVID-19 pandemic significantly contributed to this trend, as it prompted a shift from offline to online sales, leading companies to invest more in e-commerce channels. Consequently, the market size of the e-commerce sector within the lighting industry is poised for substantial growth during the forecast period.

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Market Size of E-commerce Industry For Lighting Industry

E-commerce Market For Lighting Industry Summary
Study Period 2019 - 2029
Market Size (2024) USD 11.31 Billion
Market Size (2029) USD 15.62 Billion
CAGR (2024 - 2029) 6.67 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

E-commerce Market For Lighting Industry Major Players

*Disclaimer: Major Players sorted in no particular order

E-commerce Market Analysis

The E-commerce Market For Lighting Industry is expected to grow from USD 11.31 billion in 2024 to USD 15.62 billion by 2029, at a CAGR of 6.67% during the forecast period (2024-2029).

With the onset of e-commerce giants like Amazon and Alibaba, lighting sales have grown, depicting a huge dependence on these formats.

  • With the ongoing trend of digitalization, the retail landscape has undergone a significant transformation over the last few years, making e-commerce an essential part of the global lighting industry. As a result, the E-commerce Market for Lighting Industry is seeing rapid growth. 
  • Over time, many online channels have come up to ease the availability of lighting in both consumer and B2B markets. Key players for lighting sales include online retailers and distributor sites, such as Home Depot, Lowes, Walmart, Sears, Target, Ace Hardware, Menards, Best Buy, ATG Stores, Grainger, Platt, GSA Advantage, 1000bulbs.com, Amazon, Econolight.com, BulbAmerica.com, and ProLighting.com, among others.
  • Further, the increased awareness of the importance of proper lighting in creating healthy and safe indoor environments has also been driving the E-commerce Market for Lighting Industry. As a result, there has been an increased demand for lighting products that can improve indoor air quality, reduce germ spread, and enhance building occupants' overall health and well-being.
  • A significant uptick in consumer e-commerce activity was fuelled by the COVID-19 pandemic in 2021, with online sales increasing markedly in value, despite the easing of restrictions in many countries. The average share of internet users who made purchases online increased from 53% before the pandemic (2019) to 60% following the onset of the pandemic (2020/21), across 66 countries, according to estimates by the United Nations Conference on Trade and Development (UNCTAD).
  • Furthermore, the COVID-19 pandemic drove significant growth in lighting sales through e-commerce channels. The shift from offline to online sales encouraged companies to launch and invest in the e-commerce market for the lighting industry.

E-commerce Industry Segmentation

E-commerce involves activities that deal with the transaction of products and services over an internet-based platform. The lighting industry is an industry that focuses on the manufacturing, sales, and installation of lighting.

The E-commerce Market For Lighting Industry is segmented by segment (residential, commercial, industrial, and outdoor lighting) and by geography (North America [United States, Canada], Asia Pacific [China, India, Japan, and the Rest of Asia-Pacific], Europe, Middle East and Africa, Rest of the World). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By Segment
Residential
Commerical
Industrial
Outdoor Lighting
By Geography
North America
United States
Canada
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Europe
Middle East and Africa
Rest of the World
COMPETITIVE LANDSCAPE
Company Profile
Dialight PLC
Nichia Corporation
Savant Systems Inc.
Osram Licht Ag (AMS OSRAM AG)
Signify NV
Zumtobel Group AG
Panasonic Corporation
Acuity Brands Inc.
Hubbell Incorporated
Arclite Lichtvertrieb GmbH
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E-commerce Market For Lighting Industry Size Summary

The e-commerce market for the lighting industry is experiencing robust growth, driven by the increasing digitalization of retail and the convenience offered by online shopping platforms. The rise of e-commerce giants like Amazon and Alibaba has significantly boosted lighting sales, highlighting the industry's dependence on these digital channels. The market is characterized by a wide range of online retailers and distributor sites, such as Home Depot, Walmart, and Best Buy, which provide consumers with easy access to various lighting products. This shift towards online sales has been further accelerated by the COVID-19 pandemic, which prompted a substantial increase in consumer e-commerce activity, encouraging companies to invest in and expand their online presence.

In the Americas, the growth of the e-commerce market for lighting products is fueled by factors such as urbanization, the adoption of energy-efficient lighting solutions, and the trend towards smart homes and connected lighting systems. Strategic acquisitions, like those by SKYX Platforms Corp., have enhanced market reach and distribution channels, further driving growth. The United States, with its well-developed e-commerce infrastructure, is a significant market within the region. Major players like Dialight PLC, Nichia Corporation, and Savant Systems Inc. are actively engaging in partnerships, mergers, and innovations to strengthen their market position. These initiatives are expected to continue propelling the e-commerce market for the lighting industry forward, offering substantial growth opportunities for retailers and manufacturers.

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E-commerce Market For Lighting Industry Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview (Current Scenario of Industrial Robots and KPI Analysis)

    2. 1.2 Impact of After-affects of COVID-19, Economic situation, and Political Uncertainties

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Segment

      1. 2.1.1 Residential

      2. 2.1.2 Commerical

      3. 2.1.3 Industrial

      4. 2.1.4 Outdoor Lighting

    2. 2.2 By Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Asia Pacific

        1. 2.2.2.1 China

        2. 2.2.2.2 India

        3. 2.2.2.3 Japan

        4. 2.2.2.4 Rest of Asia Pacific

      3. 2.2.3 Europe

      4. 2.2.4 Middle East and Africa

      5. 2.2.5 Rest of the World

    3. 2.3 COMPETITIVE LANDSCAPE

      1. 2.3.1 Company Profile

        1. 2.3.1.1 Dialight PLC

        2. 2.3.1.2 Nichia Corporation

        3. 2.3.1.3 Savant Systems Inc.

        4. 2.3.1.4 Osram Licht Ag (AMS OSRAM AG)

        5. 2.3.1.5 Signify NV

        6. 2.3.1.6 Zumtobel Group AG

        7. 2.3.1.7 Panasonic Corporation

        8. 2.3.1.8 Acuity Brands Inc.

        9. 2.3.1.9 Hubbell Incorporated

        10. 2.3.1.10 Arclite Lichtvertrieb GmbH

    4. 2.4 INVESTMENT ANALYSIS

    5. 2.5 FUTURE OUTLOOK OF THE MARKET

E-commerce Market For Lighting Industry Market Size FAQs

The E-commerce Market For Lighting Industry size is expected to reach USD 11.31 billion in 2024 and grow at a CAGR of 6.67% to reach USD 15.62 billion by 2029.

In 2024, the E-commerce Market For Lighting Industry size is expected to reach USD 11.31 billion.

E-commerce Market For Lighting Industry Report Snapshots

E-commerce Market for Lighting Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)