Deck Light Market Size, Share, Growth, and Global Industry Analysis by Type (Rail Lighting, Post Lighting, and Stair Lighting), By Application (Residential and Commercial), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2032

Updated On: 08 July 2024

DECK LIGHT MARKET REPORT OVERVIEW

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The global deck light market size was USD 742.57 million in 2023 and is projected to touch USD 1639.62 million by 2032, exhibiting a CAGR of 9.2% during the forecast period. Asia-Pacific holds a leading position in deck light market share in 2023.

The global deck light market is used for safety purposes and to shine an outdoor dining area. It is used for outdoor illumination of the dining area, patio, private and public gardens. It is used for enhancement and for various purposes of nighttime, aesthetics, security, safety, and aesthetics. These lights are used at different levels on steps and along with railings to highlight landscaping and architectural features to create a certain atmosphere for special occasions. Well-designed lighting plan minimizes costs and provides enough glare. The energy usage depends upon the type of lighting used on the decks. It creates a mood and atmosphere for special occasions. Landscape lighting is installed according to the architectural styles, types, and craftsmanship.

In the market study, our analysts have considered deck light players such as Dekor Lighting, TimberTech, Deckorators, Fortress Building Products, Highpoint Deck Lighting, Trex, Magena Star Lighting, Mercer Group, Aurora Deck Lighting, Hunza Lighting, Kon Lighting, Kichler, VOLT, Ligman Lighting, Lopolight, Switch Lighting, Vista, FX Luminaire and ClaroLux. 

The growing demand for such lighting due to urbanization and at an increasing rate. The demand is even higher in dense cities in highly residential areas. Due to the booming population there has been an increase in major construction and infrastructure developments that have led to an increased demand for such lightings. Growing urbanization in developing countries and booming construction industry in various countries is expected to create preference and rise for such lights. The demand is also soaring due to construction of high-end homes and residences which require landscape lighting. Ongoing modernization and transformation of the infrastructural spaces is expected to drive the market. Growing number of outdoor spaces and rise in disposable income is expected to increase the demand for such lights.  

COVID-19 Impact: Halt on Construction Activities to Lower Market Growth

The COVID-19 pandemic effects are being felt on a global level, the global deck light market is strikingly impacted. In 2020, COVID-19 has had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. The demand for the product derives from construction activities and the construction industry took a major hit due to the shutdown of the operations. This has lowered the adoption of lighting which negatively affected the demand for the market. The pandemic hampered the production of different types of lights.

LATEST TRENDS

"Use of Smart Lighting to Propel Market Growth"

Growing use of smart lighting is estimated to propel the growth of the global market. Use and popularity of smart energy technologies has been on the rise. Smart lighting such as LED lighting has been deployed in retail, hospitality, commercial, and residential applications. Their power-saving capabilities have provided enhancements for the product. It has better efficiency and power-saving abilities is expected to drive the market demand. High-end LEDs are being used in large spaces. Research for energy efficient modes and production for such lightings is predicted to be a trend in the market. Initiation of smart cities and their development in cosmopolitan regions is expected to give impetus to the demand for such lights. Such development of advanced digital infrastructure is expected to pose an opportunity and is predicted to drive the demand for the market. 

DECK LIGHT MARKET SEGMENTATION

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• By Type

Based on refresh rate; the market is divided into rail lighting, post lighting, and stair lighting.

• By Application

Based on the screen size; the market is divided into residential and commercial.

DRIVING FACTORS

"Growing Urbanization to Expand Demand for Product"

The global deck light market growth is predicted to rise due to rising urbanization and growing population in the urban cities. Due to rising urbanization, the rates of urban cities have increased. Increasing construction of high-end houses, commercial complexes, and individual residential houses. In addition, construction of highways and other infrastructure is also anticipated to drive the demand for such lights. As people would install such lights for aesthetics and safety and want such spaces to be well lit. Growing urbanization and construction activities is predicted to drive the market demand.    

"Increasing Preferences for Landscape Lighting to Amplify Market Growth"

The popularity for such lights is growing due to increasing preferences by population. They have emerged as a flexible concept that is meeting the light requirements across numerous properties. Research activities and development of new variations is attracting a large consumer base. Manufacturers are coming up with new variations that have new features which is creating demand for landscape lights. Such growing adoption of online gaming is anticipated to drive the demand for the market.

RESTRAINING FACTORS

"High Prices to Hinder Market Growth"

There are a number of factors that can push the growth of the market. Restraining factors such as high prices of the product. High prices of such lights makes it challenging for consumers to buy them. High costs of installation is also one of the restraining factors. In addition, delays caused in construction of new spaces is also expected to hinder the market demand for the product. This factor is expected to reduce the demand for the product in the market.

DECK LIGHT MARKET REGIONAL INSIGHTS

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"Asia Pacific to Lead Market Due to Upward Demand for Lighting Systems"

Asia Pacific holds the largest part of the global deck light market share due to the upward shift in lighting systems. The region is adopting lighting systems due to growing infrastructure development projects such as smart cities and rising awareness for the lighting products. Steady urbanization and residential spaces are anticipated to drive the demand in the market. Infrastructural modernization with innovative outdoor lighting systems is expected to drive the market demand in the region. Growing construction activities in cities such as China and India is predicted to drive the market demand.  

KEY INDUSTRY PLAYERS

"New Product Lineup by Market Players to Increase Market Performance"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Dekor Lighting (U.S.)
• TimberTech (U.S.)
• Deckorators (U.S.)
• Fortress Building Products (U.S.)
• Highpoint Deck Lighting (U.S.)
• Trex (U.S.)
• Magena Star Lighting (U.S.)
• Mercer Group (U.S.)
• Aurora Deck Lighting (U.S.)
• Hunza Lighting (U.S.)
• Kon Lighting (China)
• Kichler (U.S.)
• VOLT (U.S.)
• Ligman Lighting (India)
• Lopolight (Denmark)
• Switch Lighting (New Zealand)
• Vista (U.S.)
• FX Luminaire (U.S.)
• ClaroLux (U.S.)

INDUSTRIAL DEVELOPMENT

November 2019: AZEK Building Products announced its new lineup for railing and decking products. The products include TimberTech AZEK, TimberTech EDGE, and TimberTech PRO decking lines. 

REPORT COVERAGE

This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.