Electric Lighting Equipment Manufacturing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: June 2023
ANZSIC C2432Revenue
$977.9m
Past 5-Year Growth
Profit
$XX.Xm
Employees
2,810
Businesses
329
Wages
$XXX.Xm
Electric Lighting Equipment Manufacturing in Australia industry analysis
The industry faces fierce competition from import penetration. Overseas manufacturers operate with lower overhead costs and benefit from large economies of scale by selling low-cost items in bulk. These operating conditions have driven domestic manufacturers to differentiate and create specialised niche products to gain revenue. These premium items tend to focus on the construction industry, closely pegging industry performance to downstream construction markets. However, demand from construction markets has fallen due to multiple major projects reaching completion in 2022-23, which has contributed to industry revenue performing poorly. Overall, industry revenue is expected to decline at an annualised 5.3% over the five years through 2022-23, falling to $977.9 million. Declining construction demand has contributed to industry revenue falling 5.7% during the current year.The industry has benefited from consumer and corporate trends favouring improved energy efficiency and new emerging technologies like solid-state lighting. Consumers have increasingly emphasised saving energy and money by choosing energy-efficient lighting products. This practice reflects concerns over the environment and high electricity costs. Additionally, tightening regulations have encouraged businesses and consumers to adopt energy-efficient electric lighting equipment. Innovative, eco-friendly lighting solutions are the greatest growth opportunities for most industry manufacturers.The industry is on track to experience growth in revenue at a moderate pace over the next few years, supported by favourable trends in most downstream construction markets and rising demand for energy-efficient lighting solutions. Demand conditions are forecast to fall over the short term, mainly reflecting the end of government subsidies for the housing construction market. Domestic manufacturers are set to increasingly specialise as consumer and corporate preferences shift towards energy-efficient products. This growth is forecast to offset international manufacturers' competitive advantage over domestic manufacturers. Over the five years through 2027-28, industry revenue is projected to grow at an annualised 0.6% to reach $1.0 billion.
Trends and Insights
- Rising import penetration is set to limit industry revenue growth. Manufacturers have shifted to producing niche and premium products to differentiate from low-cost, bulk-imported items.
- Imports make up nearly 70.0% of domestic demand as they’re highly price competitive. Imported products are cheaper as overseas manufacturers operate with lower overhead costs.
- The eastern seaboard is home to a considerable share of Australia’s population, enticing manufacturers to establish factories nearby. Being close to populated areas allows for a consistent supply of skilled labour.
- New entrants will experience moderate barriers to entry. To ensure consistent revenue, entrants must ensure their products are customisable and satisfy a product niche.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 5.3 % over the past five years, to reach an estimated $977.9m in 2023.
Trends and Insights
Downstream construction markets declined due to a lack of new projects after the COVID-19 outbreak
- Trends in downstream building and infrastructure construction markets heavily influence industry revenue, as residential and non-residential buildings require many light bulbs and fixtures.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Demand from the residential sector is on track to remain after COVID-19 lockdowns
- The end of the Federal Government's HomeBuilder Grant is slated to apply downwards pressure to demand in downstream construction markets.
Biggest companies in the Electric Lighting Equipment Manufacturing in Australia
| Company | Market Share (%)
2023 | Revenue ($m)
2023 |
|---|---|---|
Signify | 171.1 | |
ZG Operations Australia Pty Ltd | 29.3 | |
Coolon LED Lighting | 19.6 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Lighting fixtures and luminaires, Electric light bulbs, tubes, control gear and other products and Neon and electronic signs. Lighting fixtures and luminaires is the largest segment of the Electric Lighting Equipment Manufacturing in Australia.
Trends and Insights
Lighting fixtures and luminaires stayed resilient during declines in downstream construction markets
- Lighting fixtures and luminaires are electrical devices that allow light to be dispersed from a source. These include wall, ceiling and other mounted products with an external fixture body, fastenings and sockets that hold LEDs, light bulbs or fluorescent tubes.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Automotive Electrical Component Manufacturing in Australia
- Household Appliance Manufacturing in Australia
- Electric Cable and Wire Manufacturing in Australia
- Power Automation Products and Other Electrical Equipment Manufacturing in Australia
International industries
- Lighting & Bulb Manufacturing in the US
- Lighting Fixtures Manufacturing in the US
- Building Lighting Control System Manufacturing in the US
- Lighting & Bulb Manufacturing in Canada
- Lighting Fixtures Manufacturing in Canada
Table of Contents
About this industry
Industry definition
Companies in the industry primarily manufacture lighting products including fixtures, luminaires, fittings and related components (except automotive), and electric signs. The industry does not manufacture significant volumes of light bulbs as almost all light bulbs are now imported.
What's included in this industry?
Lighting fixtures and luminairesElectric light bulbs, tubes and control gearNeon and electronic signsCompanies
SignifyZG Operations Australia Pty LtdCoolon LED LightingPurchase this report to view all 5 major companies in this industry.
Related Terms
INCANDESCENT LAMPSFLUORESCENT LAMPSLIGHT EMITTING DIODES (LEDS)LUMINAIREIndustry Code
ANZSIC 2432 - Electric Lighting Equipment Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising import penetration is set to limit industry revenue growth. Manufacturers have shifted to producing niche and premium products to differentiate from low-cost, bulk-imp...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Imports make up nearly 70.0% of domestic demand as they’re highly price competitive. Imported products are cheaper as overseas manufacturers operate with lower overhead costs...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The eastern seaboard is home to a considerable share of Australia’s population, enticing manufacturers to establish factories nearby. Being close to populated areas allows fo...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
New entrants will experience moderate barriers to entry. To ensure consistent revenue, entrants must ensure their products are customisable and satisfy a product niche.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Industry revenue is highly fragmented across multiple small-to-medium companies. Most companies participating in the industry tend to manufacture other construction items or ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Signify's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of ZG Operations Australia Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Coolon LED Lighting's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Signify, and factors influencing its performance in the industry
- Description and key data for ZG Operations Australia Pty Ltd, and factors influencing its performance in the industry
- Description and key data for Coolon LED Lighting, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is highly regulated due to energy efficiency and safety concerns. Growing environmental concerns have prompted demand to skew towards greener alternatives, which...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Import penetration has forced industries to specialise in their products, driving demand for skilled labour. Employees with technical qualifications from universities or TAFE...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Electric Lighting Equipment Manufacturing industry in Australia in 2024?
The market size of the Electric Lighting Equipment Manufacturing industry in Australia is $977.9m in 2024.
How many businesses are there in the Electric Lighting Equipment Manufacturing in Australia industry in 2023?
There are 329 businesses in the Electric Lighting Equipment Manufacturing industry in Australia, which has declined at a CAGR of 4.4 % between 2018 and 2023.
Has the Electric Lighting Equipment Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Electric Lighting Equipment Manufacturing industry in Australia has been declining at a CAGR of 5.3 % between 2018 and 2023.
What is the forecast growth of the Electric Lighting Equipment Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Electric Lighting Equipment Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Electric Lighting Equipment Manufacturing market in Australia?
The biggest companies operating in the Electric Lighting Equipment Manufacturing market in Australia are Signify, ZG Operations Australia Pty Ltd and Coolon LED Lighting
What does the Electric Lighting Equipment Manufacturing in Australia include?
Lighting fixtures and luminaires and Electric light bulbs, tubes and control gear are part of the Electric Lighting Equipment Manufacturing industry.
Which companies have the highest market share in the Electric Lighting Equipment Manufacturing in Australia?
The company holding the most market share in Australia is Signify.
How competitive is the Electric Lighting Equipment Manufacturing industry in Australia?
The level of competition is high and steady in the Electric Lighting Equipment Manufacturing industry in Australia.
