Lighting & Bulb Manufacturing in Canada - Industry Market Research Report

Lighting & Bulb Manufacturing in Canada - Industry Market Research Report
Lighting & Bulb Manufacturing in Canada

Lighting and bulb manufacturing in Canada is dying. The industry has been affected by regulations that have required operators to begin discontinuing products, affecting demand for products. In 2014, the government banned 75- and 100-watt incandescent bulbs, and in 2015, 40- and 60-watt incandescent bulbs were banned. While manufacturers were permitted to sell their existing inventories, consumers responded by opting to stockpile large qualities of the bulbs already on the market. Revenue has been falling at a CAGR of 13.9% over the past five years, including stagnating in the current year, and is expected to total $45.6 million in 2023, with profit set to reach 31.9%.

The Lighting and Bulb Manufacturing industry in Canada manufactures a range of electric light bulbs, tubes, parts and components. Light-emitting diode (LED) and lighting fixtures manufacturers are excluded from this industry; LED systems are included in the Semiconductor and Other Electronic Component Manufacturing industry in Canada (IBISWorld report 33441CA).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.