The global chandelier market size is expected to reach USD 8.5 billion by 2025, at a CAGR of 3.4%, according to a new report by Radiant Insights, Inc. Increasing use of chandeliers as decorative lighting product in commercial spaces is expected to impel market growth.
Social networking sites 1] play a vital role in promoting the use of chandeliers to enhance residential as well as commercial decor, which in turn is expected to fuel the product demand.
Rising popularity of products made using a combination of materials, such as metal and wood or metal and glass is expected to create growth opportunities for manufacturers.
Iron, nickel, bronze, brass, steel, and copper are the commonly used raw materials for these products.
This segment is expected to continue this dominance in near future, owing to versatility of the product • In terms of application, commercial sector held the dominant market share of more than 60% in 2018, owing high demand for the product from commercial places • Modern chandelier segment is expected to witness the fastest CAGR of 3.8% from 2019 to 2025, owing to innovative designs suitable for modern homes • North America held the dominant market share of 31.7% in 2018 and is anticipated to continue leading over the forecast period • Online distribution channel is expected to witness a CAGR of 4.8% from 2019 to 2025 • Some of the key players are Elegant Lighting; Generation Brands LLC; Koninklijke Philips N.V.; Maxim Lighting International; HSL Worldwide Lighting Corporation; Acuity Brands Lighting Inc.; Hubbell Incorporated; Vanguard Lighting Co. Ltd.; King's Chandelier Company, and James R. Moder Crystal Chandelier Inc. Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/chandelier-market Table of Contents Chapter 1.
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