In 2023, the sold production of chandeliers and other electric ceiling or wall lighting fittings in Italy was 19.4 million items. The forecasts from 2024 to 2028 indicate a steady decline in production volumes. Year-on-year variation shows a decreasing trend, with the largest decline expected between 2027 and 2028. The compound annual growth rate (CAGR) over the five-year forecast period signifies an average annual reduction in production volumes.
Future trends to watch for include advancements in energy-efficient lighting solutions, changing consumer preferences towards smart lighting, and potential impacts from regulatory changes aimed at promoting sustainability in lighting products. Additionally, economic factors and technological innovations could further influence production and market dynamics.
