The Lamp Shades Market is likely to hold the global market at a moderate CAGR of ~7% during the forecast period. The global market holds a forecasted revenue of ~US$ 29.26 Billion in 2022 and is likely to cross ~US$ 57.5 Billion by the end of 2032.
A lamp shade is a fixed object which uses to cover the light bulb on the lamp to limit the light it releases. Lamp Shades provides protection for the eye from harsh light bulb brightness and as well as to reduce the radiated heat from light bulb in lamp in the ambient space.
Lamp shades are made out of various type of materials which includes plastic, glass, paper among others.The lamp shades also offers an enhanced aesthetic feature to the room. Key factors for the selection of a lamp shades involve its design, style, proportion and size.
Typically there are four type basic of lamp shades which includes coolie, bell, empire, and drum depending on their shape.
Lamp shades Market: Dynamics
The lamp shades market is expected to grow at a significant pace in the upcoming year. Surge in the demand for the smart homes and increasing in infrastructure development worldwide are key factors expected to drive the lamp shades market. Moreover, continuous change in interior design of commercial and residential building is likely to increasing the demand for lamp shades.
Prominent manufacturers in the lamp shades market are focusing on product improvement by implementing advanced manufacturing technology and techniques in their products such as 3-D printing
The lamp shades also help to enhance the office premises ambience. Furthermore, increasing online sales of lamp shades is added key factor that is expected to propel the demand for lamp shades market.
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Use of Omni channel sales routes have been undertaken by market participants to fortify their sales footprint.Paper shades, natural fiber shades, metal shades and woven fabric shades are widely being used as popular lamp shades materials offering a traditional and classic appearance and match any decor style of the room.
In Demand of lamp shades is also expected to be generated from commercial sector such as hotel, office space, and shopping center, which is expected to drive the demand for lamp shades market in the upcoming years.
COVDI-19 crisis impact
COVID-19 pandemic remains to hinder manufacturing, construction activities, hospitality and leisure sectors, with the latter taking a severe hit owing to retarded sales and reduced spending from the consumers.
Being a non-essential luxury items also hinders the demand of lamp shades in the current scenario. However, individual buying may be undeterred to a certain extent with the market recovery expected to take a considerable route of time spanning 6 to 8 quarters.
Lamp shades Market: Regional Outlook
North America is expected to hold considerable share in the lamp shades market on the back of enormous construction spending by the private player in commercial as wells residential buildings infrastructure in the region.
Latin America lamp shades market is expected to observe a decent growth over the foreseen year owing to increasing infrastructure investment in Mexico and Brazil region.
The increasing construction activities across the Asia Pacific countries such as India, China And ASEAN Countries is likely to drive the demand for the lamp shades market, moreover increased construction of the commercial buildings such as, shopping malls, office premises, luxury hotels in past few years, which results in increasing sales of the lamp shades in the region.
The Middle East & Africa lamp shades market is likely to witness significant growth during the forecast period on the back of increasing construction of new residential and commercial spaces across the prominent countries such as South Africa and GCC countries.
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Lamp shades Market: Market Participants
List of some of the prominent market participants in lamp shades market are:
- W.N. DE SHERBININ Products, Inc.
- Lakeshore Studios
- New Brunswick Lamp Shade
- Robert Franco Inc.
- Royal Designs, Inc
- Kapoor Lamp Shades
The research report on lamp shades market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The lamp shades market report also contains projections using a suitable set of assumptions and methodologies. The research report on lamp shades market provides analysis and information according to market segments such as of product type, by applications and by material.
The Lamp shades market report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
- Oceania ( Australia, New Zealand)
The lamp shades market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The lamp shades market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The lamp shades market report also maps the qualitative impact of various market factors on market segments and geographies.
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Lamp shades Market: Segmentation
The lamp shades market can be segmented on the basis of product type, by applications and by material.
By Product type
- Wall Lamp shades
- Floor Lamp shades
- Table Lamp shades
- Others
By Application
- Commercial
- Residential
By Material Type
- Natural Fiber Shades
- Plastic Shades
- Fabric Shades
- Glass Shades
- Metal Shades
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