Global Track Lighting Market Size, Share, Growth, Trends and Forecast 2019-2027

The Global Track Lighting Market size was valued at 1510 million US$ in 2017 is expected to reach 3040 million US$ by the end of 2027, growing at a CAGR of 9.7% during 2019-2027.

The study includes market indicators, drivers, and restraints of the global market. It also covers the anticipated impact of these drivers and restraints on demand during the forecast period. The report also highlights opportunities in the market at the global and regional levels. The report also analyzes price trends and forecasts prices at the global and regional levels.

The report includes detailed value chain analysis, which provides a comprehensive view of the global market. Porter’s Five Forces model has also been included to help understand the competition landscape of the market. Value chain analysis which shows works flow in the cut and bend equipment market and identifies raw material supplier service providers and distribution channels is covered in the report. The report covers the regulatory landscape that includes various regulations regarding the product across the globe to understand the various legal constraints that can affect the product offering. The study encompasses market attractiveness analysis, wherein source, product and application segments have been benchmarked based on their market value, growth rate, and general attractiveness.

Market segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market value has been provided for the global, regional, and country-level markets.

The global average price of Track lighting is in the decreasing trend, from 31.4 USD/Unit in 2012 to 28.1 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Track lighting includes LED track light, Halogen track light and Incandescent Track Light, and the proportion of LED in 2016 is about 70.53%%, and the proportion is in increasing trend from 2012 to 2017.

Track lighting is widely used in commercial and residential places. The most proportion of Track lighting is commercial places, and the share of I is 78.37%%. The trend of Commercial places is increasing.

Asia Pacific is the largest consumption region of Track lighting, with a consumption market share nearly 40% in 2016. Europe is the second consumption region of Track lighting, enjoying market share nearly 23% in 2016.

The following manufacturers are covered:
Philips Lighting
Acuity Brands
Hubbell
Eglo
ITAB Group
Eaton
Endo Lighting
WAC Lighting
Intense Lighting
AFX INC
Nora Lighting
AIXEN LITE
Jesco Lighting Group
Satco
LBL Lighting
Rayconn
Kehei Lighting

Segment by Regions
North America
Europe
China
Japan

Segment by Type
Halogen Track Lighting
LED Track Lighting
Incandescent Track Lighting

Segment by Application
Residential
Commercial

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