Industry Analysis & Industry Trends
After a volatile period of growth and contraction, the Lighting Fixtures Manufacturing industry is expected to experience an increase in revenue. Investment in residential construction activity is set to improve steadily, causing demand to rise and consumer confidence to build. While growth has been slow, increasing government regulation is expected to support revenue, as demand for energy-efficient lighting soars... purchase to read more
Industry Report - Industry Analysis Chapter
The Lighting Fixtures Manufacturing industry manufactures electric lighting fixtures, nonelectric lighting equipment, lighting fixture components and metal, paper or textile lampshades. Over the past five years, the industry grew at an annualized rate of 1.7% to an estimated $11.6 billion in 2016. Increased funding by governments for highways, strong growth in the value of private nonresidential construction, and a significant increase in housing starts bolstered the industry’s growth.
While revenue continues to increase, profit remains at prerecessionary levels. IBISWorld expects an average company’s profit margin to grow from 4.7% in 2011 to only 5.46% in 2016. Much of this growth was driven by falling prices of major inputs such as steel, plastic and oil... purchase to read more