Abstract: – COVID-19’s Massive Economic Shock Reaches the Average Household. Lighting Fixtures & Luminaires Sales Dip by -7. 2% as Discretionary Incomes Shrinks. – The global market for Lighting Fixtures & Luminaires is expected to slump by -7.
New York, April 07, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Lighting Fixtures and Luminaires Industry” – https://www.reportlinker.com/p02438202/?utm_source=GNW
2% in the year 2020 and thereafter recover to reach US$112.8 billion by the year 2027, trailing a post COVID-19 CAGR of 5.2% over the analysis period 2020 through 2027. The ongoing COVID-19 pandemic is adversely impacting the global economic environment and the lighting fixtures market is no exception to this. Due to the COVID-19 pandemic, lighting industry supply chain has been impacted considerably. Majority of lighting equipment manufacturers rely on China for importing raw materials and components. To curb the spread of virus, various manufacturing facilities halted production of essential lighting components. As a result,…
