Report : Europe Kitchen Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (General Kitchen Lighting, Task Kitchen Lighting, and Decorative Kitchen Lighting), Source (Fluorescent and LED and OLED), and Product (Island Lights, Pendant Lights, Ceiling Lights, Chandeliers, Track Lighting, Under Cabinet Lighting, and Others)
LED and OLED segment to dominate the Europe Kitchen Lighting Market during 2020–2028
According to a new market research study on “Europe Kitchen Lighting Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Source, and Product” is expected to reach US$ 6,554.78 million by 2028 from US$ 3,747.44 million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The report provides trends prevailing in the Europe kitchen lighting market along with the drivers and restraints pertaining to the market growth. Boosting proliferation of led in kitchen lighting, expanding number of residential construction projects, and burgeoning growth in e-commerce are the major factor driving the growth of the Europe kitchen lighting market. However, extensive cost of kitchen lighting hinders the growth of Europe kitchen lighting market.
The Europe kitchen lighting market is segmented on the basis of type, source, product, and country. Based on type, the market is segmented into general kitchen lighting, task kitchen lighting, and decorative kitchen lighting. In 2020, kitchen lighting segment held the largest share in the market, decorative kitchen lighting is expected to be the fastest growing segment during the forecast period. Based on source, the market is segmented into fluorescent and LED and OLED. In 2020, LED and OLED segment held the largest share in the market, it is also expected to be the fastest growing segment during the forecast period. Based on product, the market is segmented into island lights, pendant lights, ceiling lights, chandeliers, track lighting, under cabinet lighting, and others. In 2020, ceiling lights segment held the largest share in the market, under cabinet lighting is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into France, Germany, the UK, Italy, Russia, and Rest of Europe. In 2020, Germany held the largest share in the market, and Italy is expected to be the fastest growing country during the forecast period.
Cree Lighting; OSRAM Licht AG; Panasonic Corporation; Signify Holding (Philips); Hubbell Incorporated; Lutron Electronics Co., Inc; and Häfele GmbH & Co KG are among the leading companies in the Europe kitchen lighting market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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