October 23, 2020 01:28 ET | Source: Research and Markets Research and Markets

Dublin, Oct. 23, 2020 (GLOBE NEWSWIRE) -- The "The United States Lighting Fixtures Market, 2020" report has been added to ResearchAndMarkets.com's offering.

The report offers a comprehensive picture of the lighting fixtures industry in the US, providing data and trends 2014-2019 and forecast up to 2023. From one hand, the report analyzes the main trends affecting the market over the last five years, considering the production, the consumption, the imports and the exports of lighting fixtures in the country. On the other hand, it offers an analysis of the market structure and the competitive system, an overview of the distribution system and the main players operating in the market.

2019 was a challenging year due to sluggish growth in construction spending, issues associated with U.S. trade policies, and partly because of the LED "revolution" is somewhat going to end. As a result, the U.S. domestic market is estimated to contract by 5.1% to a value of USD 19.5 billion. In 2020, the COVID-19 pandemic has disrupted business, trade, commerce, financial and credit markets, in the U.S. and globally leading to a further drop of 9% in lighting consumption. In 2019, in the United States only 14% of the local production was intended to exports (USD 1.9 billion); whereas almost 84% of the residential market was satisfied by imports. Despite the trade friction, China remains the top importing country, while Mexico and Canada are catching up. In terms of consumption, the professional segment had share of 70% but the residential segment was the one growing at the fastest rate (+2% on average per year between 2014-19). The propelling force of LED-base lighting has faded and the industry is watching at smart connected light as the new driver of growth. The top 10 players hold a cumulative market share of almost 57%, an increasing. This quota has been increasing as the process of consolidation continued in 2019. Acuity Brands confirms as the largest player in the market. International Trade Lighting fixtures exports and imports are considered, broken down by country and by geographical area of destination/origin. The time frame considered is 2013-2018. Market Structure The lighting fixtures market is divided into four main segments:

Within them, the market is further break down by types of product, by technology, and by the place of production. Distribution Channels The analysis of the distribution system is organized by the following channels:

A selection of around 100 among architectural offices and lighting designers, electrical and lighting wholesalers, and furniture stores is also included. Competitive System Finally, the report offers an analysis of the leading local and foreign players present in the market and in each segment considered; through sales data, market shares and short profiles. An address list of around 120 US lighting fixtures manufacturer is included. Key Topics Covered:

Directory of U.S. Lighting Fixtures Manufacturers

For more information about this report visit https://www.researchandmarkets.com/r/6cl1b7

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