Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Type (Ceiling Crystal Lights, Crystal Chandeliers, Others), By Applications (Commercial, Designer, Superior Residential) And Competitive Landscape
Product Code: ETC056687 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific crystal lighting market is expected to accelerate on account of factors such as government initiatives towards energy-efficient lighting, increasing smart cities, increasing population, increasing investment in hotels and restaurants. Additionally, growing urbanization and growing access to electricity in rural areas. Further, the factors such as rapid economic growth, technological advancement, increasing purchasing power and increasing manufacturing facility. Additionally, the high competition in the market with small variation in the product and disparity in prices thus make difficulty in sourcing can restrain the growth of Asia Pacific crystal lighting market. In addition, due to the outbreak of coronavirus, it has caused supply chain disruptions and also consumers do not prefer costly lightings.
According to 6Wresearch, Asia Pacific Crystal Lighting Market size is projected to witness considerable growth during 2021-27. Currently, China and India have the fastest CAGR and increasing exports over the forecasted period. Additionally, a country like Japan is projected to grow with a significant CAGR in the forecasted period as there is a high demand for products especially, energy-efficient crystal lightings. In addition, countries like China, Thailand, India, Srilanka and Maldives are becoming tourist destinations and gaining popularity to drive the demand. Further, South Korea is the fastest-growing country in the lighting market and there is an increase in demand for energy-saving and environment-friendly lighting solution in South Korea also.
The commercial segment witnessed the maximum deployment of the crystal lighting market, followed by the residential sector. This could be attributed to the increasing number of hotels, shopping malls, hospitals, commercial buildings and restaurants which drive the demand for crystal lighting in the region. Residential segment is also growing at a high CAGR. Additionally, the residential sector is also dominating segment because of the rise in urbanization, increase in luxury homes, rising consumer spending on home décor interiors and increase in smart cities project will drive the growth in the segment.
Some of the key players in the crystal lighting market are Baccarat, OSRAM lighting, Osgona, Diamond Life Group, Australian Lamp Decoration, Kingdery, Asfour Crystal, Wranovsky
The Asia Pacific crystal lighting the market report thoroughly covers the market by product type, end-users, applications, and countries including India, China, Japan, Thailand, Singapore, Australia and the rest of Asia Pacific. The Asia Pacific crystal lighting market outlook provides various trends in market development. The detailed analysis of the ongoing Asia Pacific crystal lighting market drivers and challenges will help the companies to make strategy for the long term basis.
Markets Covered
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Crystal Lighting Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Crystal Lighting Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Crystal Lighting Market - Industry Life Cycle |
3.4 Asia Pacific Crystal Lighting Market - Porter's Five Forces |
3.5 Asia Pacific Crystal Lighting Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Crystal Lighting Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific Crystal Lighting Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Asia Pacific Crystal Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Crystal Lighting Market Trends |
6 Asia Pacific Crystal Lighting Market, 2017 - 2027 |
6.1 Asia Pacific Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 China Crystal Lighting Market, 2017 - 2027 |
7.1 China Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 India Crystal Lighting Market, 2017 - 2027 |
8.1 India Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Japan Crystal Lighting Market, 2017 - 2027 |
9.1 Japan Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Australia Crystal Lighting Market, 2017 - 2027 |
10.1 Australia Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Indonesia Crystal Lighting Market, 2017 - 2027 |
11.1 Indonesia Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
12 Philippines Crystal Lighting Market, 2017 - 2027 |
12.1 Philippines Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
13 Thailand Crystal Lighting Market, 2017 - 2027 |
13.1 Thailand Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Thailand Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
14 Malaysia Crystal Lighting Market, 2017 - 2027 |
14.1 Malaysia Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Malaysia Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
15 Singapore Crystal Lighting Market, 2017 - 2027 |
16 Rest of Asia Crystal Lighting Market, 2017 - 2027 |
16.1 Rest of Asia Crystal Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
16.2 Rest of Asia Crystal Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
17 Asia Pacific Crystal Lighting Market Key Performance Indicators |
18 Asia Pacific Crystal Lighting Market - Opportunity Assessment |
18.1 Asia Pacific Crystal Lighting Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Crystal Lighting Market Opportunity Assessment, By Product Type, 2020 & 2027F |
18.3 Asia Pacific Crystal Lighting Market Opportunity Assessment, By Applications, 2020 & 2027F |
19 Asia Pacific Crystal Lighting Market - Competitive Landscape |
19.1 Asia Pacific Crystal Lighting Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Crystal Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |