The sold production of non-electrical lamps and lighting fittings in the UK is on a positive growth trajectory from 2024 to 2028. The year-on-year increase from 2024 to 2025 is approximately 2.62%, from 2025 to 2026 is around 2.5%, from 2026 to 2027 is roughly 2.39%, and from 2027 to 2028 approximately 2.28%. These percentages indicate a consistent growth trend with a 5-year compound annual growth rate (CAGR) of about 2.46% from 2023 to 2028.
Future trends to watch for include:
- Advancements in sustainable materials and eco-friendly designs.
- Technological innovations influencing design and functionality.
- Shifts in consumer preferences towards energy-efficient products.
- Potential impacts of global economic conditions and trade policies on manufacturing costs and export opportunities.