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Allied Market Research

Christmas Lights and Decorations Market by Type (Artificial Christmas Trees, Christmas Lightings, and Christmas Decorations), Application (Residential and Commercial), and Distribution Channel (Supermarkets & Hypermarkets, Departmental Stores, Convenience stores, Online, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2027

A09389
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Aug 2021 | 504 Views
 
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COVID-19

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The global Christmas lights and decorationsexperiencing a significant growth, and is anticipated to grow considerably in the next few years. Christmas lights are used for decoration in while Christmas. They are often displayed throughout the Christmas season to cherish the joy and brightness of the festival. Christmas tree being a prominent object on the eve is decorated with candles, balls, and ornaments to beautify the eve with happiness. Consumers spend a lot in decorationof theirhomes, which includes rich use of these lights. This boosts diversification, mediation, improvement, and standardization of global Christmas lights and decorations market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($U.S.)

  Segments covered

 Type, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Amscan, Roman, Hilltop, BLACHERE ILLUMINATION, Balsam Hill, Crystal Valley, Kingtree, Barcana, Festive Productions Ltd., Tree Classics.

 

COVID-19 Scenario Analysis:

Production shutdown scenario

The manufacturing operations for Christmas lights and decorations have been shut down, owing to COVID-19 implications that caused disruptions in supply chain and hindrances in distribution channels as a result of which the global industry faced a downfall in the stock and market revenue.

Decline in demand

The market for Christmas lights and decorations has been strikingly hit by the pandemic. This has resulted into a decline in production and owingto thecurrent situations, commercial applications of Christmas decorations is expected to show a sluggish demand, which, in turn, would restrainthe market from generating competent revenue.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The market for Christmas lightings and decorations has always been flourishing, owing to the fact that it holds a major share in festivities of the eve celebrated worldwide. The market offers various products such as Christmas trees, artificial or natural; lights, and decoration objectsto enhance festival appeal and attraction. With rapid urbanization and rise indisposable income, consumersare increasing theirexpenditure onfestivities. The market has been altering its offerings as per changing consumer needs, catering to different applications from residential to commercial sectors. These consistent improvements and diversifications are expectedto propel production and fasten the pace of growth for the global Christmas lights and decorations market.

The global Christmas lights and decorations market trends are as follows:

New product launches to flourish the market

Launch of new products with improved capabilities and appealing appearance are highly preferred by customers in festive occasions. Although the market seems to develop occasional need, volume of demand at that particular time is strong enough to smoothly run the market throughout the year.

The market comprises lights in form of single or multiple strings, Christmas trees, tree skirt, tinsel, fresh or artificial garlands, tree stands, ornaments, bells, and balls. The more the market diversifies, the more the festival beautifies. These are available to customers by diverse distribution channels be it offline stores or E-commerce platforms. Hence, the market flourishes with launch of every new product and is anticipated to grow during the forecasted period.

Market to grow with LED lights and advanced technology

Christmas lights and decorations illuminate the spirit of joy and cheerfulness. These items have been commonly used to beautify environment withenhanced the decor. The application of regular and conventional lights increases power consumption and hence,introduction of LED lights with distinct bright designs and reduced power consumption has becomea global trend.

With improved technology, the market offerings get upgraded. Use of lights is an essential part of Christmas celebration and evolution of economical and eco-friendly lights havebeen widely accepted by customers. These lights often display designsand a lot of display variants that make products even more appealing. They also come up with solar-powered batteries that make its applications worth the purchase. Such technological advancements are expectedto foster the market growth for Christmas lights and decorations globally.

Key Segments Covered:

Segments

Subsegments

  Type

  • Artificial Christmas Trees
  • Christmas Lightings
  • Christmas Decorations

  Application

  • Residential
  • Commercial

  Distribution Channel

  • Supermarkets & Hypermarkets
  • Departmental stores
  • Convenience stores
  • Online
  • Others

  Industry Vertical

  • Consumer goods
  • Decoration goods
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global Christmas lights and decorations industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Christmas lights and decorations market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Christmas lights and decorations market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Christmas lights and decorations market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Christmas lights and decorations Market Research Report:

  • Who are the leading market players active in the Christmas lights and decorations market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the Christmas lights and decorations market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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