In 2023, the production value of glass parts for lamps and lighting fittings in the UK was recorded at approximately 20 million Euros. From 2024 onwards, forecasts indicate a consistent year-on-year growth in sold production, with an increase of around 4.6% expected each year, projecting the value to reach approximately 24.6 million Euros by 2028. Over the five-year forecast period, this equates to a compound annual growth rate (CAGR) of approximately 4.2%, highlighting a steady upward trend in this market segment.
Future trends to watch for include potential disruptions due to advancements in energy-efficient lighting technologies, which could impact demand for traditional glass parts. Monitoring the increasing influence of eco-friendly products and government regulations promoting sustainability will be crucial as well.
