Lamps & Lighting - Croatia

Croatia

In Croatia, the revenue in the Lamps & Lighting market for 2024 is recorded at €105.50m.
It is projected to experience an annual growth rate of 3.60% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, amounting to €29,330m in 2024.
Furthermore, in terms of per capita revenues, €26.46 is generated per person in Croatia in 2024.
Croatian consumers are increasingly embracing energy-efficient LED lighting solutions for their homes, driving the growth of the lamps and lighting market in the country.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Lamps & Lighting market in Croatia has been experiencing steady growth in recent years. Customer preferences for energy-efficient and aesthetically pleasing lighting solutions have been driving this growth. Additionally, local special circumstances such as the increasing focus on sustainability and the growing tourism industry have also contributed to the development of the market.

Customer preferences: in the Lamps & Lighting market in Croatia have shifted towards energy-efficient lighting solutions. With rising energy costs and growing environmental concerns, consumers are increasingly opting for led lighting products. led lights are known for their energy efficiency, long lifespan, and low maintenance requirements. Moreover, led lights offer a wide range of color options and can be easily integrated into various lighting designs, making them a popular choice among consumers. Another customer preference in the market is for aesthetically pleasing lighting solutions. Consumers in Croatia are increasingly looking for lighting products that enhance the overall ambiance and design of their homes or businesses. This has led to a growing demand for decorative lighting fixtures, such as chandeliers, pendant lights, and wall sconces. These lighting fixtures not only provide functional lighting but also serve as decorative elements that add a touch of elegance and style to any space. Trends in the Lamps & Lighting market in Croatia are closely aligned with global and regional market trends. One of the key trends is the increasing adoption of smart lighting solutions. Smart lighting allows users to control and customize their lighting settings through mobile apps or voice commands. This technology offers convenience, energy efficiency, and the ability to create personalized lighting scenes. As smart home technology becomes more prevalent, the demand for smart lighting solutions is expected to continue growing in Croatia. Another trend in the market is the integration of lighting with other smart home devices. Lighting systems that can be synchronized with other smart home devices, such as thermostats, security systems, and entertainment systems, are gaining popularity among consumers. This integration allows for a seamless and personalized home automation experience.

Local special circumstances: in Croatia have also contributed to the development of the Lamps & Lighting market. The country has been increasingly focused on sustainability and energy efficiency. The government has implemented various initiatives and regulations to promote energy-saving practices, including the use of energy-efficient lighting solutions. This has created a favorable environment for the growth of the Lamps & Lighting market, as consumers are encouraged to switch to more energy-efficient options. Furthermore, the growing tourism industry in Croatia has also played a role in the development of the market. As more tourists visit the country, there is a greater demand for high-quality lighting solutions in hotels, restaurants, and other hospitality establishments. This has led to an increased demand for decorative and energy-efficient lighting products that can enhance the overall guest experience. Underlying macroeconomic factors, such as gdp growth and disposable income levels, also play a significant role in the development of the Lamps & Lighting market in Croatia. As the economy continues to grow and disposable incomes rise, consumers have more purchasing power to invest in lighting products that meet their preferences and requirements. This has contributed to the overall growth and development of the market. In conclusion, the Lamps & Lighting market in Croatia is experiencing steady growth driven by customer preferences for energy-efficient and aesthetically pleasing lighting solutions. The market is also influenced by local special circumstances, such as the focus on sustainability and the growing tourism industry. Additionally,

Underlying macroeconomic factors: such as gdp growth and disposable income levels, play a significant role in the development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.