Lights out: Competition from low-cost imports has reduced industry revenue

Growing import penetration has placed a significant strain on the Electric Lighting Equipment Manufacturing industry over the past five years. The lower wages and operating costs of manufacturers in Asian countries have allowed them to sell competing products at much lower prices. Industry revenue is expected to decline at an annualised 3.5% over the five years through 2018-19, to $786.4 million. As a result of increased import competition, revenue is expected to decrease by 5.6% in 2018-19.While the volume of locally manufactured products has declined over the past five years, the industry has benefited from trends towards improved energy efficiency and the emergence of new technology, such as solid-state more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Firms have benefited from new technology and trends towards improved energy efficiency
  • An environmental focus has driven the introduction of new technologies and longer product lives
  • Growing import penetration will continue to threaten the industry over the next five years
  • Industry Report - Industry Locations Chapter

    The Electrical Lighting Equipment industry is heavily dependent upon both commercial and residential construction. As a result, the distribution of firms within the industry broadly aligns with the geographic distribution of construction activity and the population. Industry enterprises are most highly concentrated along the eastern seaboard, due to its high concentration of population and economic activity. Overall, the eastern seaboard states of New South Wales, Victoria and Queensland are estimated to account for over 80.0% of industry enterprises in 2018-19. However, differences in building activity and population growth between these states produce some disparity. For...purchase to read more.

    Additional Insights for the Electric Lighting Equipment Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Electric Lighting Equipment Manufacturing are:

  • Optimum capacity utilisation
  • Establishment of export markets
  • Automation - reduces costs, particularly those associated with labour
  • IBISWorld analysts also discuss how external factors such as Value of merchandise trade imports and Demand from building construction in the Electric Lighting Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Electric Lighting Equipment Manufacturing Industry?

    Companies in the industry primarily manufacture lighting products including fixtures, luminaires, fittings and related components (except automotive), and electric signs. The industry does not manufacture significant volumes of light bulbs as almost all light bulbs are now imported.

    Industry Products
  • Lighting fixtures and luminaires
  • Lighting control gear
  • Other electric lighting equipment
  • Neon and electronic signs
  • Light bulbs and tubes
  • Industry Activities
  • Manufacturing electric light bulbs or tubes
  • Manufacturing lighting fixtures and luminaires
  • Manufacturing electrical elements
  • Manufacturing electrical light fittings
  • Manufacturing flashlight bulbs
  • Manufacturing infra-red or ultra-violet lamps
  • Manufacturing neon and electric signs
  • Manufacturing spotlights
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of merchandise trade imports
  • Demand from building construction
  • Trade-weighted index
  • Demand from road and bridge construction
  • Real household discretionary income

  • Current Performance
  • Domestic demand fluctuates
  • International trade expands
  • Profit margins diminish
  • Chart: Revenue Growth

  • Industry Outlook
  • Trading landscape
  • Renewed construction
  • Reduced energy consumption
  • Table: Electric Lighting Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electric Lighting Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electrical Services
  • Telecommunications and Other Electrical Goods Wholesaling
  • Architectural Services
  • Specialised Design Services
  • Consumers

  • Key Selling Industries
  • Electric Cable and Wire Manufacturing
  • Glass and Glass Product Manufacturing
  • Plastic Pipe and Plastic Packaging Material Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing

  • Products & Services
  • Lighting fixtures and luminaires
  • Neon and electronic signs
  • Lighting control gear
  • Other electric lighting equipment
  • Light bulbs and tubes
  • Chart: Electric Lighting Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Electrical and lighting wholesalers
  • Commercial and industrial construction firms
  • Residential construction firms
  • Exports
  • Transport infrastructure construction firms
  • Other sectors
  • Chart: Major Market Segmentation for the Electric Lighting Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Electric Lighting Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electric Lighting Equipment Manufacturing Industry

  • Industry Globalization
    Lighting Investments Australia Holdings Pty Limited,
  • Table: Lighting Investments Australia Holdings Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electric Lighting Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electric Lighting Equipment Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Stands for compact fluorescent light bulb.
  • Fluorescent Lamps
  • These lamps use electricity to create an arc in an inert gas contained within a glass tube.
  • Incandescent Lamps
  • These lamps operate using electricity that is passed through a tungsten filament.
  • Leds
  • Light Emitting diodes (LEDs) work by passing a current through a semiconductor material.
  • Luminaire
  • Luminaires are electrical devices that allow the dispersion of light from its source.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electric Lighting Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electric Lighting Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electric Lighting Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electric Lighting Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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