The market is dominated by foreign suppliers, as imports account for 53.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 71.3% of total demand in 2022. The US has the largest market size for electric lamps and lighting equipment across the top 20 developed countries, with demand reaching USD51.6 billion in 2022. Koninklijke Philips NV is the largest company in the US, generating 8.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 23.7% of total production value in 2022. The total number of companies increases in 2022, to 2,468 units. The costs of the industry increase by 5.5% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.5% of production value in 2022, the 13th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 9.4% of total production output. With production value of USD17.5 billion, the US accounts for 91.8% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Electric Lamps and Lighting Equipment in the US: ISIC 315. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Lamps and Lighting Equipment in the US: ISIC 315 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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