India Plastic Lamp Holder Market Import Shipment Trend (2020-2024)
The India plastic lamp holder market import shipments demonstrated a moderate growth trend with a CAGR of 5.2% from 2020 to 2024. However, between 2023 and 2024, there was a significant decline in growth rate by 38.5%, indicating a sudden contraction in the market. Overall, the market expansion slowed down notably towards the end of the period.
India Plastic Lamp Holder Market Synopsis
The India plastic lamp holder market is estimated to be around Rs. 11 billion, growing at a CAGR of around 13%. The penetration rate of plastic lamp holders in the overall lighting market has increased from 6% in 2018 to 9% in 2025 and is expected to reach 12%-13%.
Market Drivers of the market
India plastic lamp holder market has been driven by the growing demand for lighting solutions, particularly in residential and commercial sectors. Plastic lamp holders are preferred due to their safety features, cost-effectiveness, and ease of installation, supporting market growth.
Challenges of the Market
In the plastic lamp holder market, there are challenges related to safety and quality standards. The use of substandard materials and inadequate manufacturing processes can lead to fire hazards and electric shocks, which can undermine consumer confidence in these products.
Covid-19 Impact on the Market
The pandemic had adverse effects on the plastic lamp holder market in India. With decreased consumer spending on non-essential items, demand for lighting fixtures decreased, impacting manufacturers and retailers in this sector.
Key Players of the Market
For the India plastic lamp holder market, prominent key players are Bajaj Electricals Limited, Surya Roshni Limited, Crompton Greaves Consumer Electricals Limited, and Havells India Limited.
Key Highlights of the Report:
- India Plastic Lamp Holder Market Outlook
- Market Size of India Plastic Lamp Holder Market, 2024
- Forecast of India Plastic Lamp Holder Market, 2031
- Historical Data and Forecast of India Plastic Lamp Holder Revenues & Volume for the Period 2021-2031
- India Plastic Lamp Holder Market Trend Evolution
- India Plastic Lamp Holder Market Drivers and Challenges
- India Plastic Lamp Holder Price Trends
- India Plastic Lamp Holder Porter's Five Forces
- India Plastic Lamp Holder Industry Life Cycle
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By E14 for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By E27 for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Other for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Living Room for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Bedroom for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Restaurant for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Corridor for the Period 2021-2031
- Historical Data and Forecast of India Plastic Lamp Holder Market Revenues & Volume By Hotel for the Period 2021-2031
- India Plastic Lamp Holder Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- India Plastic Lamp Holder Top Companies Market Share
- India Plastic Lamp Holder Competitive Benchmarking By Technical and Operational Parameters
- India Plastic Lamp Holder Company Profiles
- India Plastic Lamp Holder Key Strategic Recommendations