PRESENTATION AND DEFINITION OF THE MARKET FOR LAMPS AND BULBS
The market for lamps and light bulbs is made up of light bulbs (a lighting device consisting of a transparent or translucent, gas-tight envelope containing a luminous body), lamps and luminaires.
There are several types of bulbs, the main ones being incandescent, halogen, compact fluorescent and LED. In addition, several consumer segments can be distinguished. Households are not the only ones to consume lamps and bulbs for decoration or maintenance. Indeed, the automotive and construction industries are two industries that require a significant number of bulbs and lamps. Street lighting is also an important customer sector.
The global market is growing due to the urbanisation of developing countries. It is expected to grow by 4.3% per year between 2020 and 2027, driven by the global construction market and the development of LED technologies, particularly in Asia.
The French market, on the other hand, has been in a phase of decline for several years with the complete modification of the market structure and the marked competition from Asian countries. The ban on incandescent and halogen bulbs has caused upheaval in the sector and players have had to close their production lines, often without replacing them, due to a lack of know-how in LEDs. Most of the supply was relocated to Asian countries. The number of French players in this market and their turnover are therefore constantly declining.
The main trends are the massive use of LEDs (to replace other bulbs) but also the democratisation of connected bulbs, whose intensity, colour, etc. can be managed remotely on a smartphone. Finally, players are setting up again in France, especially for the production of professional lighting, in order to be as close as possible to customers, who are more demanding than individuals.
CONTEXT AND GLOBAL MARKET
The global market for lamps and bulbs has grown significantly in recent years. Developing regions such as Asia, the Middle East and Africa are driving the market due to their increasing urbanisation. Certain trends such as LEDs and the Internet of Things are also contributing to the dynamism of the market.
IMPACT OF COVID-19
The covid-19 has had a significant impact on the turnover of lamp and bulb manufacturers. The gap then narrowed as factories and shops reopened…