The global floor standing lamp market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028). Floor lamps can either be used as a standalone lamp light solution to focus on a particular spot in a room. A floor standing lamp also known as standard lamp is a freestanding lamp upright light fixture. It has an electric light bulb that is mounted on the top of a pole or stand with a shade to direct the light downwards. Floor lamps are used in task lighting that provides augmented light for specific tasks in a room that already has some light. They are also used as reading lamps in living rooms, bedrooms, and other spaces. The increase in demand for floor standing lamps from residential and commercial applications owing to their various benefits such as functionality, aesthetics, and versatility and the increase in awareness for using eco-friendly and recyclable products has affected consumers to purchase floor lamps made from wood, bamboo, and other natural fabrics. These are some factors driving the growth of the global floor-standing lamps market.
Additionally, these lamps are very affordable in price to install and operate, however, they also save electricity power as one can use energy-efficient LED bulbs that are available. Additionally, these lamps are also used for interior decoration and home improvement which is further accelerating the growth of the market. The market is segmented based on the type and application. Based on the application, the market is segmented into indoor lamps and outdoor lamps. Indoor lamps are used to illuminate a certain area without disturbing the other person who is sleeping and it is a perfect decorative element. Outdoor lamps are used to prevent crime and increase outdoor area safety as well as make it more secure and comfortable.
Some major players in the market include BOVER IL·LUMINACIÓ, S.L.U., BROKIS s.r.o., and Carpyen, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in September 2021, Lodes S.r.l launched Croma which is a new floor lamp by Luca Nichetto.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BOVER IL·LUMINACIÓ, S.L.U., BROKIS s.r.o., and Carpyen, among others.
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Global Floor-Standing Lamp Market Report by Segment
By Type
- Metal Floor-Standing Lamp
- Fabric Floor-Standing Lamp
- Glass Floor-Standing Lamp
- Plastic Floor-Standing Lamp
- Other
By Application
- Indoor Lamp
- Outdoor Lamp
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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