Lamps & Lighting - Jordan

Jordan

In 2024, the revenue in the Lamps & Lighting market in Jordan amounts to US$54.61m.
This market segment is expected to grow annually by 0.75% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$31,960m in 2024.
Looking at the per person revenues in Jordan, it amounts to US$4.80 in 2024.
The demand for traditional Jordanian-style lamps is on the rise, as consumers in Jordan are increasingly seeking to preserve their cultural heritage in home decor.

Key regions: Brazil, Canada, Germany, Denmark, United Kingdom

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Analyst Opinion

The Lamps & Lighting market in Jordan has been experiencing significant growth in recent years. Customer preferences for energy-efficient and environmentally friendly lighting solutions have been driving this trend. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market.

Customer preferences: in Jordan have shifted towards energy-efficient lighting solutions due to growing awareness of the environmental impact of traditional lighting options. Consumers are increasingly opting for led lamps and lighting fixtures, which offer significant energy savings and have a longer lifespan compared to traditional incandescent bulbs. This preference for energy-efficient lighting is also driven by the rising cost of electricity in Jordan, as led lighting consumes less electricity and helps reduce energy bills. Another customer preference in the Lamps & Lighting market in Jordan is for aesthetically pleasing and innovative lighting designs. Consumers are looking for lighting fixtures that not only provide adequate illumination but also enhance the overall ambiance of their living spaces. This has led to an increased demand for decorative lighting options, such as pendant lights, chandeliers, and wall sconces, which add a touch of elegance and style to homes and commercial spaces. In terms of market trends, the Lamps & Lighting market in Jordan is witnessing a growing demand for smart lighting solutions. Smart lighting technology allows consumers to control and customize their lighting settings through smartphone apps or voice commands. This trend is driven by the increasing adoption of smart home systems and the desire for convenience and energy efficiency. Smart lighting also offers features such as dimming, color changing, and scheduling, which further enhance the user experience.

Local special circumstances: in Jordan, such as government initiatives and regulations, have also played a role in the development of the Lamps & Lighting market. The government has implemented energy efficiency programs and provided incentives for the adoption of energy-efficient lighting solutions. This has encouraged both residential and commercial consumers to invest in led lighting.

Underlying macroeconomic factors: such as population growth and urbanization, have contributed to the growth of the Lamps & Lighting market in Jordan. As the population increases and more people move to urban areas, there is a higher demand for lighting in homes, offices, and public spaces. This has created opportunities for manufacturers and suppliers in the market. In conclusion, the Lamps & Lighting market in Jordan is developing due to customer preferences for energy-efficient and aesthetically pleasing lighting solutions. The market is also driven by the growing demand for smart lighting technology and supported by local special circumstances, such as government initiatives and regulations. Underlying macroeconomic factors, such as population growth and urbanization, have further contributed to the growth of the market.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.