Industry Analysis & Industry Trends
In the five years to 2014, the Lighting and Bulb Manufacturing industry has struggled with rising import penetration and increasing input costs, which constrained revenue and profitability growth. Additionally, the increasing substitution of LEDs for traditional lighting systems has dramatically reduced demand for industry products. Poor industry performance is expected during the next five years, as contractors and homeowners alike are expected to increasingly opt for LED-lighting systems over industry products, significantly reducing downstream demand; import penetration levels are anticipated to continue growing, bolstering price competition for domestic manufacturers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Lighting and Bulb Manufacturing industry is in the declining stage of its life cycle. During the 10 years to 2019, industry value added, which measures the industry's contribution to the US economy, is expected to decline at an annualized rate of 1.5%. This decline indicates that the industry is expected to shrink, while US GDP is expected to increase by an annualized 2.5% over the same period.
In the past decade, sales of industry products have been gradually displaced by solid state, light-emitting diode (LED) sources. With an increasing interest in “green” products, many buyers have switched to LEDs that save energy while providing greater application control... purchase to read more