Residential Lighting Fixtures

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Lighting

This study analyzes US markets for residential general purpose lighting fixtures. Products covered include all lighting fixtures installed on new or existing single-family, multifamily, and manufactured homes.

Specific products include:

  • outdoor lighting fixtures
    • area lighting
    • flood and security lighting
    • other outdoor lighting
  • indoor lighting fixtures
    • table, floor, and desk lamps
    • emergency and exit lighting
    • ceiling- and wall-mounted fixtures
  • parts and accessories (e.g., fittings, shades, lenses)

Demand is also presented by new and improvement and repair applications for the following housing types:

  • single-family
  • multifamily
  • manufactured housing

Historical data for 2009, 2014, and 2019 and forecasts for 2024 and 2029 are provided for lighting fixture demand at the manufacturer’s level in current dollars (which are not adjusted to account for inflation).

Excluded from the scope of the study are fixtures for indicator/signal lights and other special purpose lighting, as well as replaceable light sources (i.e., light bulbs). Automotive lighting fixtures are also excluded.

Lighting

Demand by Product

Indoor lighting products account for the vast majority of residential lighting fixture demand, totaling 82% in 2019. This is due to the significant amount of indoor lighting fixtures installed both at the time of the home’s construction and often during home renovation projects. Indoor lighting demand is expected to drive residential lighting fixtures demand growth through 2024 due to rising interior renovation spending and growing consumer preferences for high-end lighting products in their homes.

The remaining interior lighting demand is made up of outdoor lighting products and various lighting fixture parts and accessories, which are also expected to record healthy demand gains through 2024.

Lighting

Pricing Trends

Residential lighting fixture prices vary significantly both across the different product segments. Some of this variation is due to the decorative properties of many lighting fixtures, which add to their market value. Differences in technological sophistication also impact prices as LEDs and other new technologies are further incorporated into the wide range of fixture types. For instance, LED pricing is dependent on both the quality of the product and the duration of its intended use.

Average pricing for lighting fixtures is expected to increase through 2024. Technological advancements supporting greater energy efficiency and smart features will continue to raise average product pricing. However, these attributes are often more critical in light sources and lighting controls than in fixtures, so these features’ impact on fixture pricing will be limited somewhat.

As LEDs have penetrated the residential market, they have often taken the form of retrofit bulbs or tubes designed to work with existing fixtures either as they are or with minimal adjustment. Since LED bulbs can be expensive compared to traditional incandescent and fluorescent types, fixture suppliers tend to keep LED-ready fixtures affordable to compensate for this added cost.

Demand by Housing Type

Residential buildings accounted for nearly 25% of construction-related lighting fixture sales in 2019. This segment includes fixtures installed indoors or outdoors in single-family, multifamily, and manufactured housing.

Demand for residential fixtures is forecast to expand 4.3% annually to $6.7 billion in 2024. The majority of demand growth will take place in the single-family sector, where new construction is expected to see gains, whereas a decline in new multifamily home construction will lead to weaker demand gains in that segment.

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New vs. Replacement Demand

In 2019, the residential building market for lighting fixtures was divided almost evenly between fixtures used in new construction and those used in I&R activity, with new construction accounting for slightly more than half of demand. Demand associated with new construction will be in line with replacement-related sales through 2024, as both markets will post healthy gains through 2024.

Sales of lighting fixtures installed in new buildings are forecast to climb 4.5% annually through 2024, reflecting growth in single-family home completions (after a drop in 2020 due to the COVID-19 pandemic) and related lighting installations. However, gains will be limited by drop in the multifamily housing completions.

Sales of lighting fixtures used for I&R applications in residential buildings are projected to expand 4.2% per year through 2024.

Lighting

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