Lamps & Lighting - Pakistan

Pakistan

In Pakistan, the revenue generated in the Lamps & Lighting market in 2024 amounts to €35.23m.
It is anticipated that the market will experience an annual growth rate of 1.84% (CAGR 2024-2029).
When compared to the global market, in the United States generates the highest revenue, reaching €29,330m in 2024.
In terms of per capita revenue, each person in Pakistan contributes €0.14 in 2024.
"Traditional Pakistani craftsmanship is reflected in the intricate designs and use of vibrant colors in the lamps and lighting market."

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Lamps & Lighting market in Pakistan is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this positive trend.

Customer preferences: in Pakistan have shifted towards more energy-efficient and environmentally friendly lighting options. With increasing awareness about the importance of sustainability and the rising costs of electricity, consumers are opting for led lights over traditional incandescent bulbs. led lights are known for their longevity, energy efficiency, and lower maintenance costs, making them a popular choice among Pakistani consumers. Additionally, there is a growing demand for decorative and aesthetically pleasing lighting fixtures, as consumers seek to enhance the ambiance of their homes and commercial spaces.

Trends in the market: indicate a rise in the adoption of smart lighting solutions in Pakistan. With the increasing penetration of smartphones and internet connectivity, consumers are looking for lighting options that can be controlled remotely through mobile applications. Smart lighting systems offer features such as dimming, color changing, and scheduling, providing convenience and customization options to users. This trend is particularly prominent in urban areas, where consumers are more tech-savvy and have higher disposable incomes.

Local special circumstances: in Pakistan have also contributed to the growth of the Lamps & Lighting market. The country has been experiencing rapid urbanization and infrastructural development, leading to an increased demand for lighting solutions in residential, commercial, and public spaces. Furthermore, the government has been promoting energy conservation and efficiency through various initiatives and regulations, creating a favorable environment for the adoption of energy-efficient lighting options.

Underlying macroeconomic factors: such as population growth, rising urbanization, and increasing disposable incomes, have played a significant role in the development of the Lamps & Lighting market in Pakistan. The country's population is expanding, creating a larger consumer base for lighting products. Urbanization has led to the construction of new residential and commercial buildings, driving the demand for lighting fixtures. Additionally, rising disposable incomes have enabled consumers to invest in higher-quality and more innovative lighting solutions. In conclusion, the Lamps & Lighting market in Pakistan is witnessing growth and development due to customer preferences for energy-efficient and aesthetically pleasing lighting options, the adoption of smart lighting solutions, local special circumstances such as urbanization and government initiatives, and underlying macroeconomic factors such as population growth and rising disposable incomes. This positive trend is expected to continue in the coming years as consumers become more conscious about energy conservation and seek innovative lighting solutions for their homes and businesses.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.