$985.0m
$XX.Xm
2,343
64
$XXX.Xm
Lighting and bulb manufacturers have struggled over the past two decades, with consistent declines and the occasional uptake in demand. Unfavorable economic conditions, increased efficiency standards and rising electric power prices have weakened the traditional lighting sector. Regulations to prevent the spread of the virus during the pandemic forced many companies to close their doors, harming demand from the construction and manufacturing sectors and lowering bulb sales. Revenue has been sinking at an estimated CAGR of 8.3% to $993.9 million through 2024, including a 4.0% gain that year alone.
Industry revenue has declined at a CAGR of 8.5 % over the past five years, to reach an estimated $985.0m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Osram Licht Ag | 229.0 | -36.4 | -15.9 | |
Signify Holding B.V. | 78.5 | 9.2 | 11.7 | |
Savant Automation Inc. | 61.7 | 0.1 | 0.2 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Electric lamp bulbs and tubes , Electric lamp components and Electric lamp bulb and part manufacturing . Electric lamp bulbs and tubes is the largest segment of the Lighting & Bulb Manufacturing in the US.
Lamp bulbs and tubes struggle from substitutes, but still generate the most revenue
Operators in this industry manufacture a range of products, including electric light bulbs, tubes, parts and components. However, this industry excludes light-emitting diode (LED) and lighting fixture manufacturers; LED systems are included in the Semiconductor and Circuit Manufacturing industry (IBISWorld report 33441a).
Purchase this report to view all 5 major companies in this industry.
NAICS 33511 - Lighting & Bulb Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Tightened regulations and green initiatives threaten manufacturers. The demand for traditional lighting products is declining as consumers and downstream markets shift their ...
Learn about an industry's products and services, markets and trends in international trade.
Niche markets remain important as the industry shrinks. Many non-traditional buyers haven't completely switched to LED solutions, supporting revenue in niche markets.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers operate in strategic exporting locations. Production plants based near trading ports or borders will lower their transportation costs for exports.
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.
Imports threaten domestic producers. Little product differentiation and strong import penetration from foreign countries, particularly China, have challenged domestic consume...
Learn about the performance of the top companies in the industry.
Manufacturers produce LEDs to remain competitive. Many manufacturers have diversified their products with LEDs, selling more convenient features like connected lighting syste...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Exports have become vital for domestic producers. Although the high competition from LEDs has discouraged the overall light bulb market, domestic manufacturers consistently e...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit recovers as the market reopens. Downstream markets, including construction and automobile manufacturing industries, have boosted demand for light bulbs.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US 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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Lighting & Bulb Manufacturing in the US industry in United States is $985.0m in 2024.
There are 64 businesses in the Lighting & Bulb Manufacturing in the US industry in United States, which has declined at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Lighting & Bulb Manufacturing in the US industry in United States has been declining at a CAGR of 8.5 % between 2019 and 2024.
Over the next five years, the Lighting & Bulb Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Lighting & Bulb Manufacturing market in United States are Osram Licht Ag, Signify Holding B.V. and Savant Automation Inc.
Manufacturing automotive light bulbs and Manufacturing compact fluorescent light bulbs are part of the Lighting & Bulb Manufacturing in the US industry.
The company holding the most market share in United States is Osram Licht Ag.
The level of competition is high and increasing in the Lighting & Bulb Manufacturing in the US industry in United States.