Lighting market grows by 3%

The overall UK lighting market has experienced growth of around 3% during the last two years and is estimated to be worth £1.28bn in 2003 – according to AMA’s latest research.

Growth in the non-domestic lighting market has been influenced by the difficult business climate, lower levels of investment in various end-use sectors such as commercial, industrial and leisure, economic and political events and some wholesalers centralising logistics structure.

Additionally, the market has continued to suffer from price erosion, particularly in the lamps sector, further dampening growth. Lamps are estimated to account for around 28% of the overall UK lighting market in 2003, reflecting a sector value of some £364m. This sector is estimated to have experienced relatively low value increases in recent years, with an average of around 2% per annum.

During the late 1990s, growth in the lamps sector was dampened primarily by the price erosion in the GLS sector. This trend has continued with the addition of CFLs also experiencing falling prices. In recent years, however, product innovations such as LEDs, fibre optics and smaller halogens have compensated to a degree for the price erosion, fuelling low-level growth.

Visit www.amaresearch.com to obtain details for the full version of the report.