Dimming down: Growth is expected to slow somewhat as uncertainty restricts demand

The domestic market for electric lighting is expected to be worth £3.8 billion in 2018-19, of which 63.8% will be satisfied by imports, while exports are forecast to account for 40.5% of revenue. Industry revenue is expected to increase at a compound annual rate of 2.4% over the five years through 2018-19 to £2.3 billion, propelled by growth in exports. Construction activity also increased during the past five years, despite losing some momentum during the latter part of the period, and raised demand. However, import competition intensified and constrained revenue expansion, as operators lost domestic market share. Firms manufacturing commodity products were particularly affected by rising import competition...read more.

Industry Statistics & Market Size
Revenue
£2.3bn
Annual Growth 14-19
2.4%
Forecast Growth 19-24
Profit
Employment
15,091
Businesses
741

Industry Threats & Opportunities

  • Rising exports, promoted by the weak pound, are expected to support revenue growth
  • Uncertainty following the EU referendum caused domestic demand to falter
  • Weakening demand from motor vehicle manufacturers is expected to limit industry growth
  • Industry Report - Industry SWOT Analysis Chapter

    The Electric Lighting Equipment Manufacturing industry has entered the decline stage of its life cycle, with industry participants losing both domestic and global market share. Industry value added, which measures the industry's contribution to the economy, is expected to increase at a compound annual rate of 2.1% over the 10 years through 2023-24. Meanwhile, the overall economy is also expected to grow at a compound annual rate of 1.7% over the same period. Although this indicates that the industry will grow at a slightly faster pace than the overall economy, the industry is not in the mature phase of its life cycle. Instead, this is due to industry value added being considerably depressed during the base year of the period. Alt...purchase to read more.

    Additional Insights for the Electric Lighting Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electric Lighting Equipment Manufacturing Industry are

  • Optimum capacity utilisation
  • Establishment of export markets
  • Having a wide and expanding product range
  • IBISWorld analysts also discuss how external factors such as Total value of construction and Business capital expenditure in the Electric Lighting Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Electric Lighting Equipment Manufacturing Industry?

    Companies in this industry manufacture electric light bulbs and tubes, parts and components (except glass blanks for electric light bulbs), electric lighting fixtures and lighting fixture components (except current-carrying devices). The manufacture of non-electrical lighting equipment is also included. Manufacturing of ceiling fans with integrated lighting fixtures and the manufacture of electrical signalling equipment such as traffic lights are excluded from the industry.

    Industry Products
  • Illuminated signs
  • Motor vehicle lights
  • Ceiling and wall lighting fittings
  • Searchlights and spotlights
  • Other lighting products and parts
  • Industry Activities
  • Manufacturing lamps, fixtures and bulbs
  • Manufacturing ceiling lighting fixtures
  • Manufacturing chandeliers
  • Manufacturing flashlights
  • Manufacturing spotlights
  • Manufacturing street lighting fixtures
  • Manufacturing lighting equipment for vehicles
  • Manufacturing lanterns
  • Manufacturing electric fire logs
  • Manufacturing electric insect lamps
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total value of construction
  • Business capital expenditure
  • Real effective exchange rate
  • Consumer confidence index
  • Public concern over environmental issues

  • Current Performance
  • Imports shine
  • Domestic demand
  • Margins brighten
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic conditions improve
  • Regulations assist growth
  • Imports expand
  • Potential turbulence
  • Profitability improves
  • Table: Electric Lighting Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electric Lighting Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Road & Motorway Construction
  • Furniture, Carpet & Lighting Wholesaling
  • Furniture, Lighting & Homeware Retailers
  • Consumers

  • Key Selling Industries
  • Chain, Spring & Wire Product Manufacturing
  • Copper Production
  • Electronic Component Manufacturing

  • Products & Services
  • Other lighting products and parts
  • Ceiling and wall lighting fittings
  • Illuminated signs
  • Motor vehicle lights
  • Searchlights and spotlights
  • Chart: Electric Lighting Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Non-residential building construction companies
  • Infrastructure construction companies
  • Electrical and Lighting wholesalers
  • Manufacturing firms
  • Residential building construction companies
  • Electrical and Lighting retailers
  • Chart: Major Market Segmentation for the Electric Lighting Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Electric Lighting Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electric Lighting Equipment Manufacturing Industry

  • Industry Globalization
    Thorn Lighting Ltd, FW Thorpe plc,
  • Table: Thorn Lighting Ltd - financial performance
  • Table: FW Thorpe plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electric Lighting Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electric Lighting Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cfl
  • Stands for compact fluorescent lamp, which is an energy-efficient light.
  • Fluorescent Lights
  • Lights that work by electricity creating an arc in an inert gas contained in a glass tube.
  • Intelligent Lighting
  • Lighting with mechanical capabilities like control systems to better manage light switching and/or dimming.
  • Led
  • Stands for light-emitting diode, which are lights that work by passing a current through a semiconductor material.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electric Lighting Equipment Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electric Lighting Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electric Lighting Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electric Lighting Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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