The sold production of lamps and lighting fittings parts in Germany has experienced significant fluctuations over the past decade. From a peak in 2016, the value has shown a general downward trend, declining to 240.96 million euros in 2023. The year-on-year variation has fluctuated from significant growth in certain years to notable declines in others, demonstrating a volatile market. The most recent two-year period shows a slight increase of 2.2% in 2023, following a 10.08% increase in 2022, while the five-year compound annual growth rate (CAGR) has been negative at -3.24%.
Looking ahead, the forecast data from 2024 to 2028 suggests a marginal decrease with a forecasted five-year CAGR of -0.14%, indicating a near-stagnant market. Future trends to monitor will include advancements in smart lighting technology, energy-efficient solutions, and sustainability issues, which could create market disruptions and opportunities.
