Lighting Fixtures Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: September 2024
NAICS 33512CARevenue
$1.6bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
6,506
Businesses
294
Wages
$XXX.Xm
Lighting Fixtures Manufacturing in Canada industry analysis
Lighting fixture manufacturers saw solid growth through the pandemic's recovery as an accommodating lending environment enabled businesses to eagerly invest in new facilities. Lighting fixture manufacturers ramped up their production to meet growing demand from construction companies, making room for a one-year spike in revenue. By selling directly to construction companies at higher prices, manufacturers maximized profit. Larger lighting fixture companies also employed strategic acquisitions of smaller competitors to innovate and stay ahead of the curve. Despite one year of revenue growth, significant barriers to construction activity have more recently offset the boom in construction. Revenue has been sinking at a CAGR of 1.7% to an estimated $1.6 billion over the five years through 2024, including an expected 1.7% decline in 2024 alone.
Trends and Insights
- High interest rates have weighed on manufacturers' revenue. Lighting manufacturers have struggled to generate sales as an unfavorable lending environment constrains construction activity.
- Wholesaler bypass is promoting revenue growth. Lighting fixture manufacturers are increasingly selling directly to retailers and homebuilders, allowing them to charge higher prices.
- Operating close to construction markets provides opportunities for manufacturers. Homebuilders and commercial real estate developers seek to source lighting fixtures for the lowest transportation costs.
- Imported lighting fixtures pose the largest threat to domestic manufacturers. Four out of every five lighting fixtures sold in Canada are imported, so domestic manufacturers face intense pressure to offer affordable prices.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated $1.6bn in 2024.
Trends and Insights
Surging nonresidential construction upped lighting fixture sales
- Businesses across the economy massively invested in expanding their operations through new facilities as vaccines rolled out and social distancing orders were lifted. The value of nonresidential construction surged in 2022, pushing contractors to begin new projects.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Accommodating interest rates will make way for new construction projects
- In June 2024, the Bank of Canada lowered interest rates for the first time since inflationary pressure ramped up. The institution is expected to continue instituting reductions to create a more favorable lending environment that incites renewed investment activity.
Biggest companies in the Lighting Fixtures Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Hubbell Incorporated | 43.5 | N/A | N/A | |
Signify NV | 27.8 | 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 Electric lighting fixtures for ceilings or walls, Home lighting and other and Nonfixed lighting. Electric lighting fixtures for ceilings or walls is the largest segment of the Lighting Fixtures Manufacturing in Canada.
Trends and Insights
LEDs are becoming the standard for electric lighting fixtures for ceilings or walls
- This segment includes fixtures installed on ceilings and walls, including chandeliers, pendant lights and wall sconces. These fixtures are used in both residential and commercial settings and are typically installed during initial construction.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Lighting & Bulb Manufacturing in Canada
- Automobile Electronics Manufacturing in Canada
Complementors
- Other Plastic Product Manufacturing in Canada
- Glass Product Manufacturing in Canada
- Wiring Device Manufacturing in Canada
International industries
- Lighting Fixtures Manufacturing in the US
- Building Lighting Control System Manufacturing in the US
- Electric Lighting Equipment Manufacturing in Australia
- Electric Lighting Equipment Manufacturing in the UK
- Lighting and Bulb Manufacturing in China
Table of Contents
About this industry
Industry definition
This industry manufactures electric lighting fixtures, nonelectric lighting equipment, lighting fixture components and lampshades made of metal, paper or textiles. The industry does not manufacture light bulbs and tubes, glass lighting fixtures, vehicular lighting equipment, current-carrying wiring devices or lampshades made of plastic.
What's included in this industry?
Manufacturing commercial lighting fixturesManufacturing residential lighting fixturesManufacturing outdoor lighting fixturesManufacturing industrial lighting fixturesManufacturing lamps and lampshadesManufacturing nonelectric lighting fixtures, such as propane, kerosene and carbideCompanies
Hubbell IncorporatedSignify NVPurchase this report to view all 2 major companies in this industry.
Related Terms
COMPACT FLUORESCENT LAMPS (CFL)LIGHT-EMITTING DIODE (LED)LUMINAIRESOFFSHOREORGANIC LIGHT-EMITTING DIODE (OLED)OUTSOURCEPOLYMER LIGHT-EMITTING DIODE (PLED)SOLID-STATE LIGHTINGIndustry Code
NAICS 335120 - Lighting Fixtures 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
High interest rates have weighed on manufacturers' revenue. Lighting manufacturers have struggled to generate sales as an unfavorable lending environment constrains construct...
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 (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- 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
Wholesaler bypass is promoting revenue growth. Lighting fixture manufacturers are increasingly selling directly to retailers and homebuilders, allowing them to charge higher ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- 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
Operating close to construction markets provides opportunities for manufacturers. Homebuilders and commercial real estate developers seek to source lighting fixtures for the ...
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 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
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
Imported lighting fixtures pose the largest threat to domestic manufacturers. Four out of every five lighting fixtures sold in Canada are imported, so domestic manufacturers ...
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 2019-2024
- 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
Consolidation is common among large manufacturers. Many fixture producers aim to expand their product portfolio by acquiring smaller companies.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Hubbell Incorporated's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Signify NV's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Hubbell Incorporated, and factors influencing its performance in the industry
- Description and key data for Signify NV, 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
Interest rates influence downstream demand for lighting fixtures. A favorable lending environment supports the construction sector and lighting fixture sales, but high intere...
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 (2014-2029)
- Assistance historical data and forecast (2014-2029)
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
Lighting fixture manufacturers develop new products to remain competitive. Wages have climbed as a share of revenue as manufacturers bring on new talent capable of driving in...
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 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
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 (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
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 Fixtures Manufacturing industry in Canada in 2024?
The market size of the Lighting Fixtures Manufacturing industry in Canada is $1.6bn in 2024.
How many businesses are there in the Lighting Fixtures Manufacturing in Canada industry in 2024?
There are 294 businesses in the Lighting Fixtures Manufacturing industry in Canada, which has declined at a CAGR of 1.4 % between 2019 and 2024.
Has the Lighting Fixtures Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Lighting Fixtures Manufacturing industry in Canada has been declining at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Lighting Fixtures Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Lighting Fixtures Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Lighting Fixtures Manufacturing market in Canada?
The biggest companies operating in the Lighting Fixtures Manufacturing market in Canada are Hubbell Incorporated and Signify NV
What does the Lighting Fixtures Manufacturing in Canada include?
Manufacturing commercial lighting fixtures and Manufacturing residential lighting fixtures are part of the Lighting Fixtures Manufacturing industry.
Which companies have the highest market share in the Lighting Fixtures Manufacturing in Canada?
The company holding the most market share in Canada is Hubbell Incorporated.
How competitive is the Lighting Fixtures Manufacturing industry in Canada?
The level of competition is moderate and increasing in the Lighting Fixtures Manufacturing industry in Canada.
