Revenue for the Lighting Equipment Manufacturing industry in China has been increasing at an annualized rate of 10.1% to $57.3 billion. As a major lighting equipment producing and consuming country, China's domestic demand has grown and anticipated 6.8% annually over the period. About 13.0% of China's total electricity consumption goes toward lighting.The industry remains heavily reliant on exports, which are set to account for 51.9% of industry revenue in 2018. International trade was high and grew steady over the past five years, with increasingly sophisticated technology and an expanding industry scale in China. Exports are expected to grow 6.1% in 2018.Over the five years to 2023, industry revenue is projected to grow at the moderate annualized rate of 5.5% to $74.8...purchase to read more.

Industry Statistics & Market Size
Revenue
$57bn
Annual Growth 13-18
10.1%
Forecast Growth 18-23
Profit
Employment
457,880
Businesses
3,035

Industry Report - Industry Locations Chapter

Industry activity is concentrated in the provinces of Guangdong (33.6% of industry revenue), Zhejiang (14.9%), Jiangsu (9.3%), and Shanghai(8.7%).Guangdong province is the largest production and processing base for lighting equipment in China. Much of the lighting equipment manufactured there is exported to the United States, Canada, Europe and Japan. In Guangdong province, the majority of export manufacturers are located in Zhongshan, Dongguan, Foshan, Guangzhou, Jiangmen, and Huizhou.Employment and enterprise numbers in Zhejiang province are forecast to account for 17.4% and 19.0% of industry totals in 2018, respectively. Liangnong town is the industry hub and the largest outdoor lighting equipment-manufacturing base in China...purchase to read more.

Additional Insights for the Lighting Equipment Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Lighting Equipment Manufacturing Industry are

  • Effective quality control
  • Ability to quickly adopt new technology
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Construction and World price of copper in the Lighting Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Lighting Equipment Manufacturing Industry?

    The Lighting Equipment Manufacturing industry in China comprises establishments that manufacture electric lighting equipment including civil, construction, industrial, agricultural, medical, art and ornamental lamps and lanterns, as well as non-electric lighting equipment. It does not include the manufacturing of vehicular lamps and lanterns or their components.

    Industry Products
  • Residential lighting equipment
  • Industrial, commercial and institutional lighting equipment
  • Other lighting equipment
  • Industry Activities
  • Lighting ornament
  • Chandelier
  • Desk lamp
  • Industrial and commercial lighting fixture
  • Light bulb and fixture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Construction
  • World price of copper
  • Industry Systems and Technology - Manufacturing
  • Merchandise Trade - Balance (Exports - Imports)
  • Upstream Supply - Copper Mining
  • World price of aluminum

  • Current Performance
    Exports and importsEnterprisesIndustry problems and issues
  • Chart: Revenue Growth

  • Industry Outlook
    International trade
  • Table: Lighting Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Lighting Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Building Construction
  • Building Completion & Interior Design
  • Road & Highway Construction

  • Key Selling Industries
  • Glass Product Manufacturing
  • Plastic Board, Pipe & Sheet Manufacturing
  • Plastic Parts Manufacturing

  • Products & Services
  • Industrial, commercial and institutional lighting equipment
  • Residential lighting equipment
  • Other lighting equipment
  • Chart: Lighting Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Domestic growth
  • New products
  • Construction activity
  • Utilization of building space

  • Major Markets
  • Lighting wholesalers and retailers
  • Construction firms
  • Other
  • Chart: Major Market Segmentation for the Lighting Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Lighting Equipment Manufacturing

  • Basis of Competition
  • Price
  • Product quality
  • Service
  • Sales distribution channels
  • Customer relationships
  • Technical expertise
  • Product classification

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Lighting Equipment Manufacturing Industry

  • Industry Globalization
    Neo-Neon Group, Zhejiang Yankon Group Co., Ltd., NVC Lighting Technology Corp., Penglai Energy Saving Component Factory, Opple Lighting Co., Ltd.,
  • Table: Neo-Neon Group - financial performance
  • Table: Zhejiang Yankon Group Co., Ltd. - financial performance
  • Table: NVC Lighting Technology Corp. - financial performance
  • Table: Penglai Energy Saving Component Factory - financial performance
  • Table: Opple Lighting Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Lighting Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Lighting Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)
  • Lamps and Illuminating Apparatus Output (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chandeliers
  • Elaborate lights suspended from the ceiling.
  • Lantern
  • Lights in transparent protective cases.
  • Miniaturization
  • The act of manufacturing a product on a greatly reduced scale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Lighting Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Lighting Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Lighting Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Lighting Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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