Lighting and Bulb Manufacturing Industry in Canada Industry Market Research Report Now Available from IBISWorld

Share Article

Contractors and homeowners alike are expected to increasingly opt for LED lighting systems over industry products, significantly reducing downstream demand; moreover, regulation is expected to continue encouraging the shift away from industry products. For these reasons, industry research firm IBISWorld has added a report on the lighting and bulb manufacturing industry to its growing industry report collection.

News Image
New regulations have banned most incandescent light bulbs, significantly reducing demand for industry products.

Things have not been so bright for the lighting and bulb manufacturing industry. In the five years to 2014, revenue has decreased an annualized 7.6% to $59.5 million. Though housing starts and nonresidential construction have increased steadily over the past several years, growth in these industry drivers has failed to boost the lighting and bulb manufacturing industry. “In the five years to 2014, the industry has struggled with increasing substitution of industry products with more energy-efficient lighting systems,” according to IBISWorld Industry Analyst Lucas Isakowitz. Moreover, high import penetration has further constrained industry growth. As a result, revenue is expected to continue its decline, dropping by 4.6% in 2014.

The rising concern over energy efficiency has profoundly impacted the industry. New efficiency regulations in Canada have banned most incandescent light bulbs, significantly reducing demand for industry products. Along similar lines, sales of industry products have been gradually displaced by solid state, light-emitting diode (LED) sources. With an increasing interest in “green” products, many consumers have switched to LEDs that save energy while providing greater application control. As a result, the lighting and bulb manufacturing industry has lost revenue to the semiconductor and other electronic component manufacturing industry (IBISWorld report 33441CA), which manufactures LED products. “The transition toward solid-state technology is anticipated to accelerate through 2019, driving the industry's decline,” says Isakowitz.

In the five years to 2019, the industry will continue to dim as overall revenue decreases at an average annual rate of 8.9% to $37.4 million. Contractors and homeowners alike are expected to increasingly opt for LED lighting systems over industry products, significantly reducing downstream demand; moreover, regulation is expected to continue encouraging the shift away from industry products. Lastly, import penetration is anticipated to remain high, heightening price competition for domestic manufacturers. Along with revenue, the number of industry companies and manufacturing plants is expected to decrease in the next five years.

For more information, visit IBISWorld’s Lighting and Bulb Manufacturing in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry manufactures a range of electric light bulbs, tubes, parts and components. Light-emitting diode (LED) manufacturers and lighting fixtures manufacturers are excluded from this industry; LED systems are included in IBISWorld report 33441CA (Semiconductor and Other Electronic Component Manufacturing).

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Share article on socal media or email:

View article via:

Pdf Print

Contact Author

Gavin Smith
IBISWorld Inc.
+1 (310) 866-5042
Email >
Visit website