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Allied Market Research

Table Lamp Market Application (Residential, Commercial) Technology (LED, Fluorescent, Halogen, Others) Product Type (Reading lamps, Decorative lamps, Others) Distribution Channel (Offline Channels, Online Channels) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A07783
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Dec 2020 | 94 Views
 
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Table lamp is a device that produces visible light by the use of electric current. It is usually compact and small in size, therefore, occupying less space and can be easily placed on tables. The table lamps are used as reading light and are portable devices. Lamps have been used since an era, initially, the oil lamps were widely used in most of the countries. The surge in innovation and automation led to the development of electric lamps. The table lamps have been derived from electric lamps by the use of modern technology and innovation. Recently, the LED table lamps, task lamps, hue white table lamps, designer lamps, wireless lamps, battery operated table lamps, and decorative table lamps have created a new trend in the table lamp 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 ($US)

  Segments covered

Application, Technology, Product Type ,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

Philips, OSRAM, Panasonic, Opple Lighting, General Electric Company, Chicago Miniature Lighting, EYE lighting International, Astec Industries Inc., Lcd Lighting Inc., Toshiba Lighting, Tenneco Inc., EiKo Ltd., SYSKA LED., Donghia Inc.

 

COVID-19 Scenario Analysis: 

  • The COVID-19 pandemic has impacted the production of the table lamp market as several manufacturing units in various countries were initially shut down to prevent the spread of coronavirus disease. The shortage of manpower has also caused an inability to produce the table lamp.
  • The e-commerce platform for shipping the table lamp has been affected due to the late deliveries and transportation restrictions.
  • The sales and revenue of the table lamp market have declined as the distribution channels such as home designer stores and specialty stores have shut down due to the implementation of lockdown in various countries.
  • The export and import ban in several countries has led to difficulty in raw material procurement.

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

Table lamp has gained importance since olden times and has undergone much technological advancement in the recent times. The table lamps are used residentially as well as commercially in working places and offices. The increase in awareness about new products, advanced technology, incorporation of new features in table lamp, investment in innovation & automation, advancement in type of light used, small & portable table lamp, the launch of various designs, customized table lamp, wireless technology, automatic table lamp, battery operated table lamp, remote & mobile applications controlling system, voice detection enabled feature, warm white light, and hue light table lamps, multiple light features, eye care desk light, energy-saving device, adjustable arm to shift the light focus, availability of variants in several colors, table lamp as home décor, increased safety insulation, availability of replacement bulbs, reduced height and weight of table lamp, inclination toward smart home devices, and increase in disposable income are the key drivers that lead toward the growth of the global table lamp market. However, expensive table lamps, increased competition, decline in trend of residential table lamps, availability of alternative products, and other lighting devices hinder the market growth.

The global table lamp market trends are as follows:

Table lamp as a smart home device

The leading trend of domotics and smart home has created a pathway for the development of automatic devices which are functional as well as embellishing for modern homes and working places. The development of advanced features such as Bluetooth control and voice detection system has created new trends in the table lamp market. Table lamps are incorporated with various lighting options such as LED, fluorescent, halogen, hue light, and others which have expanded the choice of table lamp according to the requirement of the customer. Earlier the table lamps were limited to be used as study lamps but the development of elegant handmade and advanced designer table lamps has presented the use of table lamps for household decorations.

The key players are inclined toward launch of smart table lamps, which provide a perfect home office lighting atmosphere. For instance, Philips has launched a series of table lamps that can be controlled from android smart devices and cycle through different hue lights.  

Key Segments Covered:

             Segments

                                    Sub-segments

  Application

  • Residential
  • Commercial

  Technology

  • LED
  • Fluorescent
  • Halogen
  • Others

  Product Type

  • Reading lamps
  • Decorative lamps
  • Others

  Distribution Channel

  • Offline Channels
  • Online Channels

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global table lamp 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 a detailed analysis of the global table lamp market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global table lamp market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed global table lamp market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Table Lamp Market Research Report:

  • What are the leading market players active in the table lamp market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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