Lighting & Bulb Manufacturing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: August 2023
NAICS 33511CARevenue
$45.6m
Past 5-Year Growth
Profit
$XX.Xm
Employees
167
Businesses
40
Wages
$XX.Xm
Lighting & Bulb Manufacturing in Canada industry analysis
Lighting and bulb manufacturing in Canada is dying. The industry has been affected by regulations that have required operators to begin discontinuing products, affecting demand for products. In 2014, the government banned 75- and 100-watt incandescent bulbs, and in 2015, 40- and 60-watt incandescent bulbs were banned. While manufacturers were permitted to sell their existing inventories, consumers responded by opting to stockpile large qualities of the bulbs already on the market. Revenue has been falling at a CAGR of 13.9% over the past five years, including stagnating in the current year, and is expected to total $45.6 million in 2023, with profit set to reach 31.9%.Federal regulations aimed at promoting energy efficiency have banned incandescent light bulbs, which has significantly reduced demand for industry products. Sales of industry products have been gradually displaced by solid-state, light-emitting diode (LED) sources. With an increasing interest in green products, many consumers have switched to LEDs to save energy. As a result, the industry has lost revenue to the Semiconductor and Other Electronic Component Manufacturing industry in Canada (IBISWorld report 33441CA), which manufactures LED products.Contractors and homeowners are both expected to increasingly opt for LED lighting systems over industry products, significantly reducing downstream demand for halogen and fluorescent bulbs. Lighting and bulb manufacturing revenue is expected to grow at a CAGR of 1.3% to $48.7 million over the five years to 2028, when profit is estimated to reach 33.9%.
Trends and Insights
- The Canadian government formed regulations in 2007 designed to eliminate most incandescent bulbs from the market, but they didn’t go into full effect until 2015. Both production of and demand for industry products are declining as operators switch from the production of incandescent bulbs and compact fluorescent lamps (CFLs) to LEDs.
- Growth in domestic housing starts increased the customer base for residential lighting systems.But the sales of residential lighting systems declined in overall value in the last few years alongside the overall industry decline.
- Similar to most Canadian manufacturing industries, Ontario dominates in terms of establishment concentration. Ontario benefits from a relatively high population density that facilitates access to raw materials, labour and downstream markets.
- The industry is slowing down. Large manufacturers face strong competition from foreign producers and LED manufacturers, causing the industry to shrink and discouraging new manufacturers from entering the industry.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 13.8 % over the past five years, to reach an estimated $45.6m in 2023.
Trends and Insights
The prominence of light-emitting diode (LED) is eroding the industry
- Although they didn't go into full effect until 2015, the government formed regulations in 2007 designed to eliminate most incandescent bulbs from the market.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The flickering landscape is expected to continue changing
- LED products are expected to represent more than half of the global lighting market moving forward. Since LED light sources and components are not included in the industry, the rise of LEDs poses a significant threat to the lighting and bulb manufacturers.
Biggest companies in the Lighting & Bulb Manufacturing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Hubbell Incorporated | 19.7 | 3.5 | 17.8 | |
Symban Lighting Corp. | 0.9 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Nonresidential lighting systems , Residential lighting systems and Infrastructure lighting systems . Nonresidential lighting systems is the largest segment of the Lighting & Bulb Manufacturing in Canada.
Trends and Insights
Residential lighting systems declines mirror industry
- Residential lighting systems for new homes include ceiling lights, chandeliers, yard lights and floor lights, which are typically installed during home construction projects and encompass industry products.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Semiconductor & Other Electronic Component Manufacturing in Canada
Complementors
- Glass Product Manufacturing in Canada
- Lighting Fixtures Manufacturing in Canada
- Automobile Electronics Manufacturing in Canada
International industries
- Lighting & Bulb Manufacturing in the US
- Electric Lighting Equipment Manufacturing in Australia
- Electric Lighting Equipment Manufacturing in the UK
- Lighting and Bulb Manufacturing in China
- Automotive Lighting and Signaling Equipment Manufacturing in China
Table of Contents
About this industry
Industry definition
The Lighting and Bulb Manufacturing industry in Canada manufactures a range of electric light bulbs, tubes, parts and components. Light-emitting diode (LED) and lighting fixtures manufacturers are excluded from this industry; LED systems are included in the Semiconductor and Other Electronic Component Manufacturing industry in Canada (IBISWorld report 33441CA).
What's included in this industry?
Automotive light bulb manufacturingCompact fluorescent light bulb manufacturingFlashlight bulb manufacturingSealed beam lamp manufacturingPhotographic bulb manufacturingLight bulb and tube manufacturingHalogen bulb manufacturingIncandescent filament lamp bulb manufacturingHealth lamp manufacturingManufacturing of filaments for electric lampsCompanies
Hubbell IncorporatedSymban Lighting Corp.Purchase this report to view all 2 major companies in this industry.
Related Terms
LIGHT-EMITTING DIODE (LED)WATTCOMPACT FLUORESCENT LIGHTS (CLFS)INCANDESCENT LIGHT BULBSIndustry Code
NAICS 335110 - Lighting & Bulb Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The Canadian government formed regulations in 2007 designed to eliminate most incandescent bulbs from the market, but they didn’t go into full effect until 2015. Both product...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Growth in domestic housing starts increased the customer base for residential lighting systems.But the sales of residential lighting systems declined in overall value in the l...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Similar to most Canadian manufacturing industries, Ontario dominates in terms of establishment concentration. Ontario benefits from a relatively high population density that ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry is slowing down. Large manufacturers face strong competition from foreign producers and LED manufacturers, causing the industry to shrink and discouraging new ma...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
In 2023, Lowes and Hubbell announced that it has agreed to a national partnership in the United States, in which Hubbell will supply its professional electrical box brands to ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Hubbell Incorporated's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Symban Lighting Corp.'s performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Hubbell Incorporated, and factors influencing its performance in the industry
- Description and key data for Symban Lighting Corp., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The American Lighting Association (ALA) provides publications on market trends, enabling access to distribution channels and other beneficial information to consumers, distrib...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry is dying but manufacturers are sustaining high profit by aggressively cutting costs when possible. For example, operators with stockpiled incandescent bulb can s...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Lighting & Bulb Manufacturing industry in Canada in 2024?
The market size of the Lighting & Bulb Manufacturing industry in Canada is $45.6m in 2024.
How many businesses are there in the Lighting & Bulb Manufacturing in Canada industry in 2023?
There are 40 businesses in the Lighting & Bulb Manufacturing industry in Canada, which has declined at a CAGR of 5.5 % between 2018 and 2023.
Has the Lighting & Bulb Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Lighting & Bulb Manufacturing industry in Canada has been declining at a CAGR of 13.8 % between 2018 and 2023.
What is the forecast growth of the Lighting & Bulb Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Lighting & Bulb Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Lighting & Bulb Manufacturing market in Canada?
The biggest companies operating in the Lighting & Bulb Manufacturing market in Canada are Hubbell Incorporated and Symban Lighting Corp.
What does the Lighting & Bulb Manufacturing in Canada include?
Automotive light bulb manufacturing and Compact fluorescent light bulb manufacturing are part of the Lighting & Bulb Manufacturing industry.
Which companies have the highest market share in the Lighting & Bulb Manufacturing in Canada?
The company holding the most market share in Canada is Hubbell Incorporated.
How competitive is the Lighting & Bulb Manufacturing industry in Canada?
The level of competition is high and steady in the Lighting & Bulb Manufacturing industry in Canada.
