Shining a Light on Opportunities: Market Analysis of the Work Light Sector in the US and Canada | FMI

The demand for Work Lights in the US and Canada is propelled by two significant factors: the rapid growth of infrastructure projects in North America and the increasing customer preference for high-efficiency lighting solutions. With a substantial workforce in the region, there has been a notable surge in demand for work lights, especially due to the rising number of construction projects. This has created a lucrative market opportunity for competitors in the industry.

In the US and Canada region, one of the prominent trends captivating customer attention is the diverse range of innovative work light products offered by manufacturers. Additionally, the market’s growth is driven by the strong presence and penetration of renowned global brands in the region.

The regional population’s preference for high-intensity work lights, fueled by their robust spending power, also plays a significant role in driving market growth. As customers seek reliable and efficient lighting solutions for their various projects, the work light market in the US and Canada continues to flourish.

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Overview

According to the latest research, sales of work light is set to witness steady growth with a CAGR of over 3.8% during 2021-2031. Demand for work light might witness substantial growth post suffering a drop in demand and sales throughout the COVID-19 pandemic period. Post-pandemic the anticipated growth in the industrial sector is expected to see a rise in demand for work light.

What is Driving Demand for Work Light?

Adoption of light sources has taken a significant upsurge in the market of global residential lighting sales. The sales have augmented with increasing preference of fluorescent type lights sales in the residential sector, and that share is expected to continue expanding. The preference of such lights in DIY projects by increasing number of customers who prefer working at night has driven the market in upward projections.

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One of the key factors driving the worldwide market’s growth is rising need of such lights in commercial construction sites. The rise of LED as well as fluorescent lights that emit high intensity rays has attracted big construction companies for their preference. Furthermore, the market is predicted to grow in response to rising corporate infrastructure across the globe, acting as a major factor in the market growth.

Trend of LED Work Light Likely to Augment Sales

Apart from being more energy-efficient, LED lights to have significantly extended lifetime as compared to that of conventional ones. This has been progressively affecting the market with such lights becoming more and more appealing to the consumers. As renovations and new infrastructures are followed by new installations, preferential purchase of LED work lights has been an important trend observed in recent times.

Furthermore, the increasing preference of people for different coloured LED lights has augmented since the past few years. Not only for industrial and personal use but also people operating in different areas such as fire and emergency service stations, police departments, military operations, etc., are opting for high efficiency LED lights that provide better application than its alternatives. Such various factors have been leading to increase in volume of sales of LED lights at different workplaces.

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Some of the leading manufacturers and suppliers of work light include

  • ABL Lights Inc.
  • Bayco Products Inc.
  • Cooper Industries (EATON Corporation)
  • Ericson Manufacturing Co.
  • Larson Electronics LLC
  • Lex Products Corp.
  • Luceco plc.
  • Streamlight Inc.
  • and WF Harris Lighting among others.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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