Trends
Trends
Long-Term Perspectives for the European Lighting Fixtures Market
After two years of extraordinary growth, the lighting fixtures market in Europe declined in 2023 to a total value of almost EUR 17 billion. Despite the drop of -12% registered in the last year, the market value is 6 percentage points higher than in 2018. In terms of segments, residential lighting performed better than professional lighting during the pandemic period, while the performance of the two segments reversed in the last two years. In particular, Outdoor lighting overperformed the average with annual growth of +1.5% since 2018.
