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    Lighting Equipment Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 12/21/2020
    SIC Codes: 3641, 3645, 3646, 3648
    NAICS Codes: 3351
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Lighting Equipment Manufacturing Industry Profile

    Companies in this industry manufacture electric light bulbs and tubes as well as lighting fixtures, lamp shades, and other components and parts. Major companies include Acuity Brand, Hubbell, and TCP International Inc (all based in the US), as well as OSRAM (Germany), Signify (formerly Philips Lighting, the Netherlands), and Zumtobel Group (Austria).

    Global demand for lighting fixtures is forecast to grow at a compound annual rate of about 14% through 2025, according to a 2017 report from Persistence Market Research. North America and Europe collectively account for about half of the global lighting fixtures market. High growth is expected to come from the Asia/Pacific region; moderate growth is forecast for Africa and the Middle East.

    The US lighting equipment manufacturing industry includes about 1,100 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $14 billion.

    COMPETITIVE LANDSCAPE

    Demand depends primarily on residential, industrial, and commercial construction activity. Profitability depends on efficient operations. Large companies have advantages in purchasing power, manufacturing volume, and distribution efficiencies. Small companies compete by offering specialized products and superior customer service in regional markets. The US industry is concentrated: the largest 50 companies account for about 70% of revenue.

    Exports, mainly to Canada and Mexico, account for about 20% of US production. Imported lighting products make up about 60% of the US market. Leading import sources for lighting products are China and Mexico.

     
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