The forecasted sold production of chandeliers and other electric ceiling or wall lighting fittings in Italy shows a declining trend from 2024 to 2028. In 2023, the production stood at 19.3 million items, indicating a contraction in the following years.
Year-on-year analysis reveals a significant decrease: 2024 projects a -13% drop, 2025 a -16% decline, 2026 further contracts by -17.6%, 2027 by -21.1%, and 2028 by a -26.6% decrease. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be approximately -15.3%.
Future trends to watch for include technological advancements in lighting solutions, shifting consumer preferences towards sustainable and energy-efficient products, and potential economic fluctuations that may impact production and demand.
