Lights out: Industry revenue will decline due to the rising popularity of LED-lighting systems

In the five years to 2016, the industry has struggled with rising import penetration and increasing input costs, which constrained revenue and profit growth. Additionally, the increasing substitution of LEDs for traditional lighting systems has dramatically reduced demand for industry products. As a result, industry revenue is expected to decrease in the five years to 2016. Poor industry performance is expected to continue over the next five years, as contractors and homeowners alike are expected to increasingly opt for LED-lighting systems over industry products, significantly reducing downstream demand. As a result, industry revenue is projected to decrease over the five years to 2021...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Substitution of LEDs for traditional lighting systems reduced demand for industry products
  • Compact florescent sales have increased, providing some relief to falling revenue
  • The lighting product landscape is expected to continue shifting away from this industry’s products
  • Industry Report - Starting a New Business Chapter

    Overall, there are high barriers to entry in the Lighting and Bulb Manufacturing industry. Dominance of existing players, technological changes in the industry and the industry's declining life cycle are the primary deterrents for new entrants. The dominance of existing players poses a major barrier to entry for new companies. Most large players in this industry are able to achieve significant economies of scale and scope, while taking advantage of established plants in low-cost countries. Therefore, new entrants must have the resources to stock high inventories or have a strong knowledge of niche market to survive the high levels of internal competition. In addition, new entrants must work harder to establish links with key suppliers in the industry to reduce purchase costs...purchase to read more.

    Additional Insights for the Lighting & Bulb Manufacturing Industry

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

  • Having contacts within key markets
  • Establishment of brand names
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Price of nonferrous metals in the Lighting & Bulb Manufacturing industry impact industry performance..

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    What's in this report

    What is the Lighting & Bulb Manufacturing Industry?

    Operators in this industry manufacture a range of products, including electric light bulbs, tubes, parts and components. However, this industry excludes light-emitting diode (LED) and lighting fixture manufacturers; LED systems are included in the Semiconductor & Circuit Manufacturing industry (IBISWorld report 33441a).

    Industry Products
  • Nonresidential lighting systems
  • Residential lighting systems for new homes
  • Infrastructure lighting systems
  • Industry Activities
  • Manufacturing automotive light bulbs
  • Manufacturing compact fluorescent light bulbs
  • Manufacturing electrodes and cold cathode fluorescent lamps
  • Manufacturing filaments for electric lamp bulbs
  • Manufacturing flashlight bulbs
  • Manufacturing health lamp bulbs, infrared and ultraviolet radiation
  • Manufacturing lamp bulb parts (except glass blanks)
  • Manufacturing lamp bulbs and tubes (i.e. fluorescent, incandescent filament, vapor)
  • Manufacturing photoflash and photoflood lamp bulbs and tubes
  • Manufacturing vapor lamps
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Price of nonferrous metals
  • Value of residential construction
  • Value of private nonresidential construction

  • Current Performance
  • The LED threat
  • Incandescent short circuit
  • Rebounding construction
  • Blinding imports
  • Chart: Revenue Growth

  • Industry Outlook
  • Flickering landscape
  • International trade
  • Brighter downstream demand
  • Table: Lighting & Bulb Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Industrial Building Construction
  • Home Furnishing Wholesaling
  • Restaurant & Hotel Equipment Wholesaling
  • Electronic Part & Equipment Wholesaling
  • Commercial Building Construction
  • Municipal Building Construction
  • Road & Highway Construction
  • Road & Highway Maintenance

  • Key Selling Industries
  • Aluminum Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Glass Product Manufacturing
  • Nonferrous Metal Rolling & Alloying
  • Oxygen & Hydrogen Gas Manufacturing

  • Products & Services
  • Nonresidential lighting systems
  • Infrastructure lighting systems
  • Residential lighting systems for new homes
  • Chart: Lighting & Bulb Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Vehicle+Other
  • Exports
  • Retail
  • Electrical Wholesalers
  • Chart: Major Market Segmentation for the Lighting & Bulb Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Lighting & Bulb Manufacturing

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    General Electric Company, Koninklijke Philips NV,
  • Table: General Electric Company - financial performance
  • Table: Koninklijke Philips NV - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Lighting & Bulb 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 & Bulb Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Housing starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Fluorescent Lamp
  • A lamp that can be used to satisfy the majority of fluorescent applications but does not include any lamp designed and marketed for certain non-general lighting applications.
  • Incandescent Lamp
  • A lamp that produces light by a filament heated to incandescence by an electric current and is not colored and meets certain other shape, size and wattage specifications.
  • Light-Emitting Diode (Led)
  • A semiconductor device that emits visible light when an electric current passes through it. LED lighting is more energy-efficient than Incandescent and fluorescent lighting.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Lighting & Bulb Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 & Bulb 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 & Bulb 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 & Bulb Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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