The forecast for the Lighting Fixture Manufacturing Industry in the US shows a steady growth pattern from 2024 to 2028. In 2024, the gross output is projected at $11.8 billion, increasing marginally each year to reach $12.2 billion by 2028. In 2023, the industry stood at approximately $11.7 billion. The year-on-year percentage variation from 2024 to 2025 is about 0.93%, with a similar incremental trend continuing through 2028. Over the next five years, the compound annual growth rate is estimated to be about 0.84%.
Future trends to watch for include advancements in smart lighting technology, increased demand for energy-efficient solutions, and the potential impact of regulatory changes on production practices. Industry players should also keep an eye on global supply chain shifts that might influence manufacturing costs and output capacity.
