Nothing Special   »   [go: up one dir, main page]

Africa Crystal Lighting Market - Avantika

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 1

Africa crystal lighting market demand would continue to accelerate on account of factors such

as recovery in investment spending will give rise to infrastructure development, growth in real
estate sector and rising urbanization Further, demand for more indoor and outdoor lighting and
rising consumer awareness will drive the growth in market for crystal lighting
market.Additionally, the high cost and overheads will restrain the growth of the global crystal
lighting market. In addition, due to the outbreak of coronavirus, it has caused several disruption
in supply chain and manufacturing.

According to 6Wresearch, Africa crystal lighting market size is projected to


witness considerable growth during 2020-26. Currently, countries like Kenya have high
electricity excess rate ,hence drive the demand in the region for more crystal lighting
products.Additionally other countries like South Africa has projected increase infrastructure
project and rise in exports will drive the growth in region for crystal lighting products.In
additon ,Algeria also saw increase in demand of lighting products due to which imports has been
increase ,Hence drive the growth in market.

The commercial segment and residential segement witnessed the maximum deployment of


crystal lighting market.This could be attributed to the fact lighting plays a very major role in
creating the ambiance in hotels, malls, restaurants, pubs, and wedding halls.Increasing
apartments and tourist industry will give rise to focus more on various crystal lightings and
decorative lightings will drive the growth in this segement. The residential sector is projected to
have high growth in CAGR because of the increasing demand for decorative and luxury lighting.

Some of the key players in the crystal lighting market are Swarovski/Schonbek, KSA lighting,
Preciso,Osgona, FiskarsGroup(Waterford), Riserva, Kingdery, Asfour Crystal, Wranovsky

The Africa the market report thoroughly covers the market by product type, end-
user/application,and regions including South Africa,Kenya,Algeria and Ghana. The Africa
crystal lighting market outlook provides various trends in market development. The detailed
analysis of the ongoing  Africa crystal lighting market drivers and challenges will help the
companies to make strategy for the long term basis.

You might also like