2003 Edition
Statistical Reference Source
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The U.S.
Lighting Fixtures Market
2003 Edition |
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| The Complete Marketing &
Statistical Reference Source |
Difficult conditions in all but the residential sector resulted in the second year of declining sales for lighting fixtures in the United States. Dollar volume in 2002 was $1 billion below record levels posted in 2000, but marginal improvement is estimated for 2003 as the U.S. Lighting Fixtures Market stabilizes. Domestic manufacturers will continue to lose market share to imported product but can expect growth of 3.1% annually from 2003 to 2008......... See our estimates for 2003, our projections through 2008, and our tables covering 34 years of sales data on four major market sectors covering 130 product categories.
Competitive pricing pressures continued in 2002 for the sixth year as commercial and institutional prices slip on weak demand.
Exports rebounded 7.1% in 2002 primarily due to a 41% surge in shipments to Mexico. Fast-growing markets in 2002 also included France, the Dominican Republic, Israel, and Korea ..... See our extensive coverage of 28 overseas markets to pinpoint future growth potential.
Imports regained momentum in 2002, as unit and dollar volume climbed 12.0% and 9.8%, respectively, expanding its share of the U.S. market to 37%. China boosted its stake in the U.S. lighting fixture market to 21% as sales soared by 23%.
Layoffs in this industry accelerated in 2002 across all sectors with the total workforce down 20% since 1999.
Aggregate corporate margins improved slightly in 2002 due to aggressive cost-cutting measures despite lower sales.
DIRECTORY OF 2600 U.S. LIGHTING FIXTURE COMPANIES WITH ADDRESSES AND PHONE NUMBERS
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