The sold production of lamps and lighting fittings parts in Poland has experienced significant fluctuations over the years. After a dramatic increase in 2017, with a year-on-year growth of 96.92%, the market saw a sharp decline in 2019, dropping by 61.47%. The subsequent recovery has been gradual, with slight annual increases in 2022 and 2023 of approximately 1% each. The compounded annual growth rate (CAGR) over the last five years stood at a modest -9.24% as of 2023.
For the 2023 forecast, the value was 24.985 million euros. For the coming years, a steady but slow growth is forecasted, with a five-year CAGR of 0.9% expected to take the market value to 26.35 million euros by 2028, reflecting an average growth rate of 4.56%.
Future trends to watch for include:
- Detailed scrutiny of the factors leading to the drastic decline in 2019 to avoid similar future disruptions.
- Emergence of new technologies and innovations that may boost production and sales.
- Potential impact of regulations and economic policies on the lighting industry.
- Adoption of energy-efficient and smart lighting solutions influencing market demand.
- Supply chain dynamics and their effect on production costs.
