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Track Lighting Market is to Grow at 7.8% CAGR by 2024 Globally

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Track Lighting Market 2019-2024

Track lighting is a method of lighting where light fixtures are attached anywhere on a continuous track device which contains electrical conductors. This is as opposed to the routing of electrical wiring to individual light positions. Tracks can be mounted to ceilings or walls, lengthwise down beams, or crosswise across rafters or joists. They can also be hung with rods from especially high places like vaulted ceilings.

The global average price of Track lighting is in the decreasing trend, from 31.4 USD/Unit in 2012 to 28.1 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Track lighting includes LED track light, Halogen track light, and Incandescent Track Light, and the proportion of LED in 2016 is about 70.53%%, and the proportion is an increasing trend from 2012 to 2017.

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Track lighting is widely used in commercial and residential places. The most proportion of Track lighting is commercial places, and the share of I is 78.37%%. The trend in Commercial places is increasing.

The Asia Pacific is the largest consumption region of Track lighting, with a consumption market share nearly 40% in 2016. Europe is the second consumption region of Track lighting, enjoying market share nearly 23% in 2016.

Market competition is very fragmentation. Philips Lighting, Acuity Brands, Hubbell, Eglo, ITAB Group, Eaton, Endo Lighting, WAC Lighting, Intense Lighting, AFX INC is the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

According to this study, over the next five years, the Track Lighting market will register a 7.8% CAGR in terms of revenue, the global market size will reach US$ 2460 million by 2024, from US$ 1570 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Track Lighting business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Track Lighting market by product type, application, key manufacturers and key regions and countries.

This study considers the Track Lighting value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Halogen Track Lighting
LED Track Lighting
Incandescent Track Lighting

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Residential
Commercial

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

Philips Lighting
Acuity Brands
Hubbell
Eglo
ITAB Group
Eaton
Endo Lighting
WAC Lighting
Intense Lighting
AFX INC
Nora Lighting
AIXEN LITE
Jesco Lighting Group
Satco
LBL Lighting
Rayconn
Kehei Lighting

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Track Lighting consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Track Lighting market by identifying its various sub-segments.
Focuses on the key global Track Lighting manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Track Lighting with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Track Lighting submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Customization of this Report can be done as per the client’s requirement.

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