The global chandelier products market was estimated to be valued at USD 3.2 billion in 2022 and is projected to expand at a CAGR of 5.4% from 2023 to 2030. The increasing adoption of chandelier products as a source of decorative lighting is a key factor driving the market growth. These products are used to enhance the beauty of interiors and provide a sense of luxury to any space. Furthermore, they are a popular choice of decorative lighting fixtures due to their unique design, durability, and affordability.

The growing demand for modern and contemporary designs is expected to fuel the demand for chandelier products worldwide. In addition, the demand for energy-efficient products is on the rise, and manufacturers are focusing on the development of such products. For instance, in January 2021, Eglo launched a range of LED lighting products in the UK, targeting domestic and commercial purposes. The range includes LED chandeliers that are designed to save energy and last for long hours.

In addition, the rising trend of minimalism is driving the demand for chandelier products with simple yet elegant designs. The demand for these products is further driven by the need to create a welcoming and inviting atmosphere. For instance, in October 2021, Progress Lighting launched the collection of chandeliers that feature contemporary designs with simple finishes that are minimalistic in style.

The growing demand for luxury products is also driving the market growth. Chandelier products are increasingly being used to create a luxurious and elegant ambiance, especially in commercial spaces such as restaurants and hotels. Furthermore, the rising number of luxury hotels and resorts is expected to drive the demand for chandelier products in the coming years.

Moreover, the increasing preference for smart lighting is expected to further drive the demand for these products. Manufacturers are launching products that offer automated dimming, color adjustment, and connectivity with voice-controlled devices. For instance, in October 2021, Philips launched the Philips Hue Ambiance range of chandelier products that can be connected to an app and the Philips Hue Bridge, enabling users to control the lighting from anywhere.

The ceiling-mounted chandeliers segment held the largest market share and is expected to remain dominant during the forecast period. This segment is highly popular in large residential spaces as well as in commercial spaces, as ceiling-mounted chandeliers are large and attractive, capable of making a design statement. According to an article published by Apartment Therapy, in December 2019, many chandeliers come with a dimmer switch, which is a great way to control the amount of light and atmosphere that you want in your home.

The wall-mounted chandeliers segment is expected to expand at the highest CAGR during the forecast period. Wall-mounted chandeliers can be a great way to add a touch of style and sophistication to a room. These chandeliers are becoming increasingly popular in both residential and commercial spaces as they are easy to install and require minimal effort for maintenance. According to an article published by Houzz, in January 2020, wall-mounted chandeliers are also available in many different shapes, sizes, and colors, making them a great accessory for any kind of space.

The furniture, home furnishing, and home improvement stores segment accounted for the largest share of over 32.5% in 2022. The presence of a large number of furniture, home furnishing, and home improvement stores across the globe is driving the growth of the segment. Customers are able to browse and compare a wide range of chandelier products offered by different manufacturers in these stores. The sales of chandeliers through furniture, home furnishing, and home improvement stores are further driven by the presence of knowledgeable sales personnel to assist customers in buying decisions.

The online segment is expected to register the highest CAGR of 11.3% during the forecast period. The growth of this segment is mainly attributed to the increasing penetration of internet users and the growing trend of online shopping. Moreover, the availability of a wide range of chandelier products on online stores with attractive discounts and offers also drives the segment growth. For instance, in 2020, Amazon launched a new range of chandelier products including modern, classic, and vintage designs. The products are available with up to 20% discounts on the platform.

The traditional segment is expected to account for the largest revenue share of the chandelier products market, owing to the increasing demand for classic designs in residential and commercial spaces. Traditional chandeliers, such as candle-style and crystal designs, have been in demand for several centuries and are still preferred by many consumers. The increasing trend of luxury home décor and the increasing number of construction projects in the residential and hospitality sectors are boosting the demand for traditional chandelier designs.

The modern segment is anticipated to expand at the highest CAGR of 10.2% during the forecast period. The rising interest in modern design and the increasing trend of minimalism in home interiors are bolstering the demand for modern and contemporary chandeliers. Furthermore, the availability of a wide variety of designs and shapes of modern chandeliers is driving their demand in the residential and commercial sectors.

Europe dominated the market and accounted for the largest revenue share of over 40.1% in 2022. This is due to the presence of a large number of prominent players, such as Philips, Swarovski, and Zumtobel, in the region. Moreover, the presence of a large number of affluent consumers in the region has triggered an increase in the demand for luxury products, such as chandeliers.

The Asia Pacific is expected to witness the fastest growth in the coming years. Increasing urbanization, rising disposable incomes, and growing consumer awareness in the region have been driving the demand for chandeliers. Moreover, the growing construction and renovation activities are also expected to propel the market growth in the region. For instance, in March 2021, Godrej Interio, a leading furniture brand in India, launched its range of chandeliers for home furnishing.

In this part of the chandelier products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your chandelier products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a chandelier products business comes from the sale of chandeliers and other related products such as lamps and sconces. Here you will find a list with a description of each of them and other possible sources of profit such as bulk orders, custom orders, and leasing the products for special events.

Projecting Expenses
In this section, all the regular expenses related to keeping the chandelier products business running will be described. The list of operating expenses includes manufacturing costs, shipping costs, warehouse costs, wages, advertising, and others.

Some of the key companies operating in the chandelier products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Kichler Lighting launched the Elegance collection of chandeliers which feature cascading crystal strands, giving a sparkling effect.

– In August 2022, Progress Lighting introduced the new Cascade collection of chandeliers, featuring a unique combination of metal and crystal for an elegant look.

– In October 2022, Quoizel Lighting launched the Taylor collection of chandeliers, featuring a classic silhouette with intricate details.

Some of the prominent players in the chandelier products market include:

– Kichler Lighting
– Progress Lighting
– Quoizel Lighting
– Maxim Lighting
– Minka Group
– Elk Lighting
– Hubbardton Forge
– Design Classics Lighting
– Feiss Lighting
– Hinkley Lighting

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global chandelier products market based on product, application, end-use, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Traditional
– Contemporary
– Antique
– Modern
– Others

2. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Residential
– Commercial

3. End-Use Outlook (Revenue, USD Million, 2017 – 2030)

– Hotels
– Restaurants
– Home Decor
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Factors Driving the Chandelier Products Market?
[A]: The chandelier products market is driven by factors such as the rising demand for luxury lighting products, increasing consumer spending on home décor products and increasing disposable income. Additionally, the growing demand for energy-efficient lighting products, increasing popularity of online retail, and the introduction of new designs and styles are also driving the market growth.

[Q]: Who are the Key Players in the Chandelier Products Market?
[A]: The key players in the chandelier products market include Acuity Brands, Inc., Hunter Fan Co., Koninklijke Philips N.V., Access Lighting, Inc., and Progress Lighting.

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is key to the growth of the chandelier products market. The introduction of new designs and styles, along with the use of energy-efficient lighting technologies, is expected to drive market growth over the forecast period. Additionally, the introduction of smart home automation technologies is expected to provide opportunities for growth in the market.

[Q]: What are the Major Application Areas for Chandelier Products?
[A]: The major application areas for chandelier products include residential, commercial, and industrial applications. Residential applications are expected to dominate the market over the forecast period due to the increasing demand for luxury lighting products and the rising disposable income of consumers.

[Q]: Which Region Offers the Largest Opportunity for Sales of Chandelier Products?
[A]: The Asia Pacific region is expected to be the largest and the fastest-growing region in the global chandelier products market. The region is expected to witness significant growth due to the increasing demand for luxury lighting products and the presence of a large number of manufacturers in the region.