$977.9m
$XX.Xm
2,810
329
$XXX.Xm
The industry faces fierce competition from import penetration. Overseas manufacturers operate with lower overhead costs and benefit from large economies of scale by selling low-cost items in bulk. These operating conditions have driven domestic manufacturers to differentiate and create specialised niche products to gain revenue. These premium items tend to focus on the construction industry, closely pegging industry performance to downstream construction markets. However, demand from construction markets has fallen due to multiple major projects reaching completion in 2022-23, which has contributed to industry revenue performing poorly. Overall, industry revenue is expected to decline at an annualised 5.3% over the five years through 2022-23, falling to $977.9 million. Declining construction demand has contributed to industry revenue falling 5.7% during the current year.The industry has benefited from consumer and corporate trends favouring improved energy efficiency and new emerging technologies like solid-state lighting. Consumers have increasingly emphasised saving energy and money by choosing energy-efficient lighting products. This practice reflects concerns over the environment and high electricity costs. Additionally, tightening regulations have encouraged businesses and consumers to adopt energy-efficient electric lighting equipment. Innovative, eco-friendly lighting solutions are the greatest growth opportunities for most industry manufacturers.The industry is on track to experience growth in revenue at a moderate pace over the next few years, supported by favourable trends in most downstream construction markets and rising demand for energy-efficient lighting solutions. Demand conditions are forecast to fall over the short term, mainly reflecting the end of government subsidies for the housing construction market. Domestic manufacturers are set to increasingly specialise as consumer and corporate preferences shift towards energy-efficient products. This growth is forecast to offset international manufacturers' competitive advantage over domestic manufacturers. Over the five years through 2027-28, industry revenue is projected to grow at an annualised 0.6% to reach $1.0 billion.
Industry revenue has declined at a CAGR of 5.3 % over the past five years, to reach an estimated $977.9m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 |
---|---|---|
Signify | 171.1 | |
ZG Operations Australia Pty Ltd | 29.3 | |
Coolon LED Lighting | 19.6 |
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Industry revenue is measured across several distinct product and services lines, including Lighting fixtures and luminaires, Electric light bulbs, tubes, control gear and other products and Neon and electronic signs. Lighting fixtures and luminaires is the largest segment of the Electric Lighting Equipment Manufacturing in Australia.
Lighting fixtures and luminaires stayed resilient during declines in downstream construction markets
Companies in the industry primarily manufacture lighting products including fixtures, luminaires, fittings and related components (except automotive), and electric signs. The industry does not manufacture significant volumes of light bulbs as almost all light bulbs are now imported.
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ANZSIC 2432 - Electric Lighting Equipment Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising import penetration is set to limit industry revenue growth. Manufacturers have shifted to producing niche and premium products to differentiate from low-cost, bulk-imp...
Learn about an industry's products and services, markets and trends in international trade.
Imports make up nearly 70.0% of domestic demand as they’re highly price competitive. Imported products are cheaper as overseas manufacturers operate with lower overhead costs...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The eastern seaboard is home to a considerable share of Australia’s population, enticing manufacturers to establish factories nearby. Being close to populated areas allows fo...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
New entrants will experience moderate barriers to entry. To ensure consistent revenue, entrants must ensure their products are customisable and satisfy a product niche.
Learn about the performance of the top companies in the industry.
Industry revenue is highly fragmented across multiple small-to-medium companies. Most companies participating in the industry tend to manufacture other construction items or ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is highly regulated due to energy efficiency and safety concerns. Growing environmental concerns have prompted demand to skew towards greener alternatives, which...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Import penetration has forced industries to specialise in their products, driving demand for skilled labour. Employees with technical qualifications from universities or TAFE...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Electric Lighting Equipment Manufacturing industry in Australia is $977.9m in 2024.
There are 329 businesses in the Electric Lighting Equipment Manufacturing industry in Australia, which has declined at a CAGR of 4.4 % between 2018 and 2023.
The market size of the Electric Lighting Equipment Manufacturing industry in Australia has been declining at a CAGR of 5.3 % between 2018 and 2023.
Over the next five years, the Electric Lighting Equipment Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Electric Lighting Equipment Manufacturing market in Australia are Signify, ZG Operations Australia Pty Ltd and Coolon LED Lighting
Lighting fixtures and luminaires and Electric light bulbs, tubes and control gear are part of the Electric Lighting Equipment Manufacturing industry.
The company holding the most market share in Australia is Signify.
The level of competition is high and steady in the Electric Lighting Equipment Manufacturing industry in Australia.