Product Code: ETC260370 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Decorative Lighting Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 14.97% in 2025, climbs to a high of 16.79% in 2027, and moderates to 15.25% by 2029.
By 2027, Vietnam's Decorative Lighting market is forecasted to achieve a exponential growth rate of 16.79%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Vietnam decorative lighting market encompasses a diverse range of decorative lighting fixtures and solutions used for interior and exterior decor. Decorative lighting enhances ambiance and aesthetics in homes, commercial spaces, and events. The market supports interior designers, architects, and consumers seeking stylish and artistic decorative lighting options.
The Vietnam decorative lighting market has seen growth driven by the interior design and construction sectors` demand for aesthetically pleasing and energy-efficient lighting solutions. Decorative lighting fixtures enhance ambiance and visual appeal in homes, hotels, and commercial spaces. Market expansion has been facilitated by innovations in decorative lighting designs, LED technology, and smart lighting controls, allowing for customizable and energy-saving lighting designs that align with modern interior aesthetics.
Challenges in the Vietnam decorative lighting market include the need to provide aesthetically pleasing and energy-efficient lighting solutions for interior and exterior spaces. Ensuring decorative lighting quality, design versatility, and cost-effectiveness while managing production costs and addressing lighting design preferences pose significant challenges. Market players must also adapt to changing decorative lighting technologies and lighting control trends.
The COVID-19 pandemic had a notable impact on the Vietnam decorative lighting market. As households invested in home improvement projects during lockdowns, there was an increased demand for decorative lighting solutions to enhance interior aesthetics. Supply chain disruptions initially affected product availability, but the market witnessed growth as consumers focused on creating appealing living spaces. Online retail channels played a crucial role in reaching consumers during the pandemic.
Key players in the Vietnam decorative lighting market include LightCrafters Vietnam and DecorLuminaires Co., Ltd. They specialize in designing and producing decorative lighting fixtures to enhance the ambiance of homes, offices, and public spaces.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Decorative Lighting Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Decorative Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Decorative Lighting Market - Industry Life Cycle |
3.4 Vietnam Decorative Lighting Market - Porter's Five Forces |
3.5 Vietnam Decorative Lighting Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Vietnam Decorative Lighting Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.7 Vietnam Decorative Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Decorative Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Rapid urbanization and infrastructure development in Vietnam leading to increased demand for decorative lighting. |
4.2.2 Growing disposable income and changing lifestyles driving consumers to spend more on home decor including decorative lighting. |
4.2.3 Rising awareness and preference for energy-efficient LED decorative lighting solutions. |
4.2.4 Increasing tourism industry in Vietnam creating demand for decorative lighting in hotels, resorts, and restaurants. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the cost of production for decorative lighting manufacturers. |
4.3.2 Lack of standardized regulations and quality control measures in the decorative lighting industry leading to concerns about product quality and safety. |
4.3.3 Competition from substitute products such as natural light sources or non-decorative lighting solutions affecting market growth. |
5 Vietnam Decorative Lighting Market Trends |
6 Vietnam Decorative Lighting Market, By Types |
6.1 Vietnam Decorative Lighting Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Decorative Lighting Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Vietnam Decorative Lighting Market Revenues & Volume, By Chandeliers, 2021-2031F |
6.1.4 Vietnam Decorative Lighting Market Revenues & Volume, By Pendants, 2021-2031F |
6.1.5 Vietnam Decorative Lighting Market Revenues & Volume, By Sconce, 2021-2031F |
6.1.6 Vietnam Decorative Lighting Market Revenues & Volume, By Flush Mount, 2021-2031F |
6.1.7 Vietnam Decorative Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Decorative Lighting Market, By Light Source |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Decorative Lighting Market Revenues & Volume, By LED, 2021-2031F |
6.2.3 Vietnam Decorative Lighting Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.2.4 Vietnam Decorative Lighting Market Revenues & Volume, By Incandescent, 2021-2031F |
6.2.5 Vietnam Decorative Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Decorative Lighting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Decorative Lighting Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.3 Vietnam Decorative Lighting Market Revenues & Volume, By Household, 2021-2031F |
7 Vietnam Decorative Lighting Market Import-Export Trade Statistics |
7.1 Vietnam Decorative Lighting Market Export to Major Countries |
7.2 Vietnam Decorative Lighting Market Imports from Major Countries |
8 Vietnam Decorative Lighting Market Key Performance Indicators |
8.1 Energy efficiency rating of decorative lighting products. |
8.2 Consumer satisfaction index with regards to the design and functionality of decorative lighting. |
8.3 Number of new product launches in the decorative lighting market showcasing innovation and meeting changing consumer preferences. |
9 Vietnam Decorative Lighting Market - Opportunity Assessment |
9.1 Vietnam Decorative Lighting Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Vietnam Decorative Lighting Market Opportunity Assessment, By Light Source, 2021 & 2031F |
9.3 Vietnam Decorative Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Decorative Lighting Market - Competitive Landscape |
10.1 Vietnam Decorative Lighting Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Decorative Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |