Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Product (Chandeliers, Pendants, Sconce, Flush Mount, Others), By Light Source (LED, Fluorescent, Incandescent, Others), By Application (Commercial, Household) And Competitive Landscape
Product Code: ETC396442 | Publication Date: Aug 2022 | Updated Date: Mar 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Decorative Lighting Market |
Forecast period | 2025-2031 |
Forecast Size | USD 10.7 billion by 2031 |
CAGR | 5.2% |
Growing Sector | Commercial segment |
Europe Decorative Lighting Market report thoroughly covers the market By Countries,By Product, By Light Source By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe decorative lighting market size was valued at USD 8.3 billion and is expected to reach USD 10.7 billion by 2031, growing at a CAGR of 5.2% during the forecast period (2025-2031). The growth can be attributed to the increasing demand for energy-efficient lighting solutions, rising disposable income, and growing awareness about the importance of aesthetics in interior design.
The Europe decorative lighting market is expected to experience significant growth between 2025 and 2031. The increasing demand for energy-efficient and aesthetically pleasing lighting solutions, along with the growing adoption of smart home technology, are some of the key factors driving this market.
According to 6Wresearch, the Europe Decorative Lighting Market Size is expected to reach a significant CAGR of 5.2% during the forecast period 2025-2031. The demand for energy-efficient solutions is one of the key drivers of the decorative lighting market in Europe. With increasing awareness about environmental sustainability, consumers are looking for ways to reduce their energy consumption and carbon footprint. Decorative lighting manufacturers are responding to this demand by introducing LED-based products that offer both energy efficiency and a longer lifespan.
The growing adoption of smart home technology is also contributing to the growth of the decorative lighting market in Europe. Smart lighting systems allow users to control and customize their lighting settings through smartphone apps or voice commands, providing convenience and flexibility. As European countries continue to invest in smart city initiatives, the demand for smart lighting solutions is expected to increase.
Despite the promising growth prospects, there are some factors that may hinder the growth of the decorative lighting market in Europe. One of the main challenges is the high cost associated with LED-based products compared to traditional lighting options. This price difference could deter some consumers from investing in energy-efficient decorative lighting solutions.
One of the novel trends in the Europe decorative lighting market is the shift towards sustainable and environmentally-friendly products. With growing awareness about climate change and resource depletion, consumers are becoming more conscious of their purchasing decisions. As a result, there is a rising demand for energy-efficient LED lights that not only reduce electricity bills but also have a longer lifespan and do not contain harmful chemicals like mercury. This trend is expected to have a significant impact on the market, with manufacturers and designers focusing more on eco-friendly production processes and materials.
Another emerging trend in Europe's decorative lighting market is the integration of smart technology into lighting products. With the rise of smart homes and connected devices, consumers are looking for ways to control their lighting remotely and create customized settings. As a result, there has been an increase in the demand for smart bulbs, which can be controlled through smartphones or voice assistants like Amazon Alexa or Google Home. This trend is expected to drive innovation and competition in the market as companies strive to develop advanced and user-friendly smart lighting solutions.
One of the most promising investment opportunities in the Europe decorative lighting market is smart lighting solutions. With the rise of smart homes and buildings, there is a growing demand for intelligent lighting solutions that can be controlled through smartphones or voice assistants. This trend is expected to continue in the coming years, creating a huge market for smart lighting products. Investing in companies that offer innovative smart lighting solutions could prove to be highly profitable.
Another investment opportunity in the Europe decorative lighting market is LED lighting. The demand for LED lights has been steadily increasing due to their energy efficiency, longer lifespan, and eco-friendliness. LED lights are increasingly being used in both residential and commercial spaces, making it a promising market for investors. With the European Union's strict regulations on energy efficiency, the demand for LED lighting is expected to continue to rise, creating a stable investment opportunity.
The Europe decorative lighting market is highly competitive and dynamic, with several leading players constantly expanding their market share through various strategies. Some of the key players in this industry include Philips Lighting, General Electric Company, Acuity Brands Lighting Inc., Feilo Sylvania, and Zumtobel Group AG. These companies have a significant presence in European countries and are continuously investing in research and development to bring innovative lighting solutions to the market.
Governments across Europe have been implementing various regulations and policies to ensure the effective functioning of the decorative lighting market. These regulations aim to promote sustainable practices, reduce energy consumption, and increase product safety for consumers. One of the main regulations in the European decorative lighting market is the energy efficiency standards set by the European Union (EU). These standards, known as Ecodesign requirements, aim to reduce the environmental impact of decorative lighting products and promote energy efficiency. The EU has set minimum performance and labeling requirements for various types of lighting products to ensure that they meet energy efficiency criteria.
The future of the decorative lighting market in Europe looks promising, with growing demand for innovative, energy-efficient, and personalized lighting solutions. The introduction of smart lighting technology and advancements in LED technology are expected to drive further growth in the market. However, challenges such as high initial costs and stringent regulations need to be addressed by manufacturers to tap into the full potential of this market. Overall, the European decorative lighting market is poised for steady growth in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is expected to dominate the market during the forecast period. This can be attributed to the country's strong economy and high demand for luxury home decor products.
According to Ravi Bhandari, Research Head, 6Wresearch, Chandeliers are expected to continue dominating the decorative lighting market in Europe. These light fixtures have been a symbol of luxury and opulence throughout history and continue to be a popular choice for high-end interior design.
The LED segment is expected to dominate the Europe Decorative Lighting market in the coming years. This can be attributed to factors such as increasing adoption of energy-efficient lighting solutions and government regulations promoting the use of LED lights for their environmental benefits.
The commercial segment is expected to dominate the Europe decorative lighting market in the coming years. This can be attributed to the increasing demand for decorative lighting in various commercial spaces such as hotels, restaurants, offices, and retail stores.
The market report has been segmented and sub-segmented into the following categories:
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 Europe Decorative Lighting Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Decorative Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Decorative Lighting Market - Industry Life Cycle |
3.4 Europe Decorative Lighting Market - Porter's Five Forces |
3.5 Europe Decorative Lighting Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Decorative Lighting Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Europe Decorative Lighting Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.8 Europe Decorative Lighting Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Europe Decorative Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Decorative Lighting Market Trends |
6 Europe Decorative Lighting Market, 2021 - 2031 |
6.1 Europe Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
6.2 Europe Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
6.3 Europe Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Germany Decorative Lighting Market, 2021 - 2031 |
7.1 Germany Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2 Germany Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
7.3 Germany Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
8 United Kingdom Decorative Lighting Market, 2021 - 2031 |
8.1 United Kingdom Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
8.2 United Kingdom Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
8.3 United Kingdom Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
9 France Decorative Lighting Market, 2021 - 2031 |
9.1 France Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
9.2 France Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
9.3 France Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Italy Decorative Lighting Market, 2021 - 2031 |
10.1 Italy Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
10.2 Italy Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
10.3 Italy Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Russia Decorative Lighting Market, 2021 - 2031 |
11.1 Russia Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
11.2 Russia Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
11.3 Russia Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Spain Decorative Lighting Market, 2021 - 2031 |
12.1 Spain Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
12.2 Spain Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
12.3 Spain Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Europe Decorative Lighting Market, 2021 - 2031 |
13.1 Rest of Europe Decorative Lighting Market, Revenues & Volume, By Product, 2021 - 2031 |
13.2 Rest of Europe Decorative Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
13.3 Rest of Europe Decorative Lighting Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Europe Decorative Lighting Market Key Performance Indicators |
15 Europe Decorative Lighting Market - Opportunity Assessment |
15.1 Europe Decorative Lighting Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Decorative Lighting Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Europe Decorative Lighting Market Opportunity Assessment, By Light Source, 2021 & 2031F |
15.4 Europe Decorative Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Europe Decorative Lighting Market - Competitive Landscape |
16.1 Europe Decorative Lighting Market Revenue Share, By Companies, 2024 |
16.2 Europe Decorative Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |