Albany, NY -- (SBWIRE) -- 11/27/2015 -- A new market study published by Transparency Market Research (TMR), which is titled "U.S. Lighting Products And Ceiling Fan Market Analysis, Forecast By Retailers 2011 - 2016", delves into the developments of the U.S. lighting products market for the period 2011 to 2016. The TMR report states that the said market will rise at a modest 2.90% CAGR from 2011 to 2016 to be valued at US$6.3 bn by 2016 increasing from US$5.5 bn in 2011. The report is available for sale on the company's website.

Browse the full U.S. Lighting Products (Chandeliers, Table Lamps, Floor Lamps, Wall Sconce, Vanity Lights, Flush Mounts, Pendants, And Outdoor Lanterns) And Ceiling Fan Market Analysis, Forecast By Retailers 2011 - 2016 report at http://www.transparencymarketresearch.com/us-lighting-products-market.html

In the U.S., increasing focus of lighting product retailers for contract-based sales to supply to non-residential buildings is one of the major factors driving the U.S. lighting products and ceiling fan market, says the TMR report. It is the non-residential construction that accounts for the highest demand for lighting products in the country and holds immense promise for the development of the said market for the forecast period.

In addition, increasing disposable incomes have been the reason for home owners to indulge into home upgrades such as lighting refits and wall painting. The shorter life of lighting products also necessitates the faster replacement of the core element as well the accessories.However, the slowdown of residential construction is limiting the growth of the lighting products and ceiling fan market in the U.S. Nonetheless, the close connection of retailers with both product manufacturers and commercial customers will open avenues for commercial lighting needs.

The U.S. lighting products and ceiling fan market is segmented on the basis of product type and retailers. By product type, ceiling fans, outdoor lanterns, flush mounts, wall scones, table lamps, chandeliers, pendants, vanity lights, and floor lamps are the segments of the market. Amongst all the products, floor lamps currently account for the largest market share and are slated to lead the U.S. lighting products market in the coming years. By 2016, the floor lamps segment will contribute the largest share of revenue (20.6%) to the overall market for lighting products in the U.S. In the same year, the ceiling fan segment is expected to be the second largest segment that will contribute 20.1% revenue to the overall market.

On the basis of retailers, Menards, Sam's Club, Wal-Mart, Lowes, Costco, Bed Bath & Beyond, Target, and The Home Depot are the segments of the U.S. lighting products market. Other than these, some other retail channels for lighting products are home improvement stores, small retailers, specialty stores, electric departmental stores, and discount stores. In the U.S., Lowes and The Home Depot are the largest retailers for lighting products and account for the largest market shares. The launch of cost effective deals on a regular basis and excellent customer service are attributed to their dominance in the U.S. market for lighting products. Between 2010 and 2011, the total revenue of products and services in The Home Depot stores increased from nearly US$68 bn to US$70.4 bn. Consequently, gross profit increased from US$23.3 bn in 2010 to US$24.2 bn in 2011. Costco also stands as one of the major retailers in the U.S. lighting products market.

The U.S. lighting products market is segmented as follows:

Product Type
Chandeliers
Table Lamps
Floor Lamps
Wall Sconce
Vanity Lights
Flush mounts
Pendants
Outdoor Lanterns
Retailers
The Home Depot
Lowes
Target
Wal-Mart
Bed Bath & Beyond
Sam's Club
Costco
Menards

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About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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