Over the past decade, the electric lighting equipment turnover in France has experienced significant fluctuations. Between 2013 and 2017, turnover values showed relative stability with minor declines, highlighted by a dramatic 45.73% drop between 2013 and 2014. Post-2017, a downward trend became more pronounced, with turnover values consistently falling. By 2023, the turnover stood at 1.5 billion euros.
Looking at the recent two years, from 2022 to 2023, there was a notable decline of 10.36%. Additionally, the Compound Annual Growth Rate (CAGR) over the last five years from 2018 to 2023 shows an average annual decrease of approximately 7.55%.
Forecast data suggests a continued decrease in the coming years, projecting a drop from 1.33 billion euros in 2024 to 0.6585 billion euros by 2028. The forecasted average annual decline rate (CAGR) over the next five-year period is estimated at -13.08%.
Future trends to watch for:
- Technological advancements in energy-efficient lighting solutions.
- Potential regulatory changes impacting the sector.
- Consumer preferences shifting towards sustainable and smart lighting systems.
- Economic and geopolitical factors influencing manufacturing and supply chains.
