Global Chandeliers Market Overview:
A chandelier is defined as a lamp which is suspended from the ceiling either directly from a ceiling lamp outlet, or simply from a hook in the ceiling and then plugged into a common wall socket. Chandeliers use small, lower wattage bulbs that are usually shaped in the form of a candle flame, though these lamps are not limited to small bulbs. There are often three or more light bulbs in one chandelier, giving off from 100 to 400 watts of total light. Chandeliers can be used in nearly any room, from a fancy, formal dining room to a child's bedroom or game room. The most popular ones are the type with dangling cut glass crystals surrounding the bulbs, creating a beautiful spectrum of light. These more formal lamps are usually brass or gold plated, and will bring elegance and formality to the room in which they hang. The growth of the hospitality and tourism industry owing to rising disposable income, especially in developing economies is expected to fuel the demand for modern chandeliers. Moreover, the development of innovative designs in chandeliers with energy-efficient lights and availability in a wide range of shapes, frames, and sizes expected to boost the demand for chandeliers during the forecasted period.
- Changing lifestyle standards fueled by rising disposable income and growth in the construction industry especially in luxury homes owing to changing consumer lifestyle and urbanization expected to drive the growth of chandeliers. Additionally, the rise in demand for luxury interior products and growing focus on improving interiors of the residential and commercial places propelling the market growth.
- Availability in a Wide Range Of Shapes, Frames, and Sizes
- Development of Innovative Designs in Chandeliers with Energy Efficient Lights
- Fluctuating Raw Material Prices
- High Cost of Modern Chandeliers
- Increasing Demand Luxury Interiors
- Growing Demand from the Developing Economies
- Technical Difficulties in Installation of Modern Chandeliers
The global chandeliers market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Some of the key players profiled in the report are James R. Moder (United States), Kichler Lighting (United States), DE MAJO Iiluminazione (Italy), Wilkinson (United Kingdom), Kenroy Home (United States), Feiss (United States), Gemini Cut Glass Company (United States), Kurt Faustig (Germany), Pataviumart (Italy), American Brass and Crystal (United States), Savoy House lighting (United States), Wranovsky (Czechia) and Dolan Designs (United States). Additionally, following companies can also be profiled that are part of our coverage like Elegant Lighting (United Kingdom), Myran Allan Chandelier (United States) and Kamable Lighting (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Chandeliers market by 2025. Considering Market by Material , the sub-segment i.e. Crystal will boost the Chandeliers market. Considering Market by Category, the sub-segment i.e. Uplight Chandeliers will boost the Chandeliers market. Considering Market by Distribution Channel, the sub-segment i.e. Online (E-commerce Websites and Brand Websites) will boost the Chandeliers market.
In Oct 2020, Shopwize Superstore announced the release of a new collection to our store. The Chandelier Collection offers a convenient way for home design or interior design enthusiasts to browse a beautiful eclectic range of chandeliers. These range from the traditional European Classic through to the Industrial Vintage Style.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chandeliers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Chandeliers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Chandeliers Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.