World Lighting Fixtures to 2014
Global demand to climb 5.8% annually to 2014
Worldwide demand for lighting fixtures is projected to climb 5.8 percent annually through 2014 to $127.5 billion, an improvement from the market advances registered during the 2004-2009 period. Product sales will be driven by a strong rebound in motor vehicle output, an acceleration in residential building construction activity and continued growth in nonbuilding construction expenditures. China alone will account for one-third of all additional demand through 2014, strengthening its position as the largest lighting fixture market in the world. Sales gains are also expected to be healthy in lower-volume markets such as Thailand, India, Russia, Vietnam, Turkey, Mexico and Indonesia. ( http://www.bharatbook.com/detail.asp?id=151465&rt=World-Lighting-Fixtures-to-2014.html )
Lighting fixture demand in developed parts of the world will rise as well. In a few industrialized nations like Austria and Belgium, the rate of growth through 2014 will be similar to advances posted in developing areas, attributable in large part to a strong upturn in automotive industry production after a period of decline. Sales of lighting fixtures in developed areas will also be spurred by an acceleration in economic growth and higher per capita income, leading to a pickup in consumer spending and renewed strength in residential building construction activity.
Vehicular, nonportable fixtures to grow the fastest
Vehicular fixtures will record the fastest market gains of any major product segment through 2014, stimulated by increases in global motor vehicle output and supported by a shift in the product mix toward more expensive units, including high intensity discharge and light-emitting diode (LED) lighting fixtures. Because of the anticipated recovery in industry production in countries such as Canada, France, Italy, the UK and the US -- all of which have registered substantial drops in automotive output in recent years -- vehicular lighting fixture sales advances in these areas will be more robust than in many developing nations.
Manufactured goods market to outpace construction uses
Lighting fixture demand can be segmented into two major markets: construction and manufactured goods. The construction market is the largest on a worldwide basis, accounting for nearly two-thirds of all product sales in 2009. However, manufactured goods lighting fixture demand will post stronger gains through 2014, bolstered by renewed strength in motor vehicle production, a generally favorable outlook for other types of vehicular equipment, and an acceleration in new housing construction activity as global economic conditions improve. This will help boost sales of table lamps and other portable fixtures, fixtures built into furniture and appliances, and separately sold parts and accessories used in conjunction with these fixtures (lamp shades, globes, fittings, etc.). Increased use of more costly advanced technologies such as LED lighting will contribute to value gains in both construction and manufactured goods markets.
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World Lighting Fixtures to 2014