Industry Analysis & Industry Trends
After a volatile period of growth and contraction, the 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 SWOT Analysis Chapter
The Lighting Fixtures Manufacturing industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is forecast to increase at an annualized rate of 0.9%. This rate implies that the industry will grow more slowly than the US economy, which is projected to rise at an average annual rate of 2.5% over the same period. While demand for new fixture technologies present an exciting opportunity for industry revenue growth, competition from overseas markets will continue to dampen growth in this industry in the US.
Consolidation in the industry has begun, despite the arrival of new LED technologies and demand for more energy efficient lighting fixtures... purchase to read more