In 2023, the import value of lamp and lighting fitting parts (excluding glass or plastic) to the US stood at an anticipated $755.00 million. The forecasted data from 2024 to 2028 shows a steady increase, with a compound annual growth rate (CAGR) of approximately 1.43%. Year-on-year growth from 2024 to 2025 is projected at 1.86%, with subsequent yearly growths following a similar upward trend. The market's robustness is underscored by consistent expansion, reflecting steady demand across the US market.
Future trends to watch for include:
- Technological innovations enhancing energy efficiency and customization in lighting products could spur increased imports.
- Economic factors, such as trade policy changes and tariff adjustments, may impact import dynamics.
- The growing focus on sustainable and eco-friendly products could shift market preferences and demand.