RANGE REVIEW: LIGHTING & ELECTRICAL
value terms, with other retail outlets accounting for 53%. Grocery and home improvement multiples dominate the lamp market in the domestic sector due to competitive pricing and consumer convenience, but both have lost share to the internet channel. Despite the increased demand for LED technologies there has been an oversupply to the global market, especially from developing countries and China, and as a result, the global prices of LEDs have fallen.
Positive outlook Growth in direct sales and the increasing use of the internet has led to a blurring of channels, with wholesalers selling to consumers and DIY multiples to trade. At the same time, the channels are widening, with B&Q, for example, selling through retail units, trade counters, online shops and mobile phone applications and their ‘sister’ company, Screwfix, particularly advanced in omni-channel selling. Future prospects for the UK lighting market remain positive,
away products, they are likely to start moving towards integrated products, which should support the luminaire sector. The controls market remains in an innovative stage where new products are introduced on a regular basis thereby underpinning good value growth. This innovation stage is likely to transform to more moderate developments into the medium- term, although the integration with LEDs has created a platform for increased use. One consideration is the potential that LEDs provide for lighting designers to move away from traditional lighting products – e.g. separate luminaire, lamp and control – to provide single point lighting solutions.
though more muted than in recent history with annual growth rates of around 4-5% to 2022, when the market is forecast to reach around £2.9billion. There is potential for growth from the domestic sector as the take-up of LED systems offers increased scope for a reduction in energy-
use and improved control. The adoption of more efficient lighting products has led to increased life cycle expectations which may have negative implications for the market into the longer-term. However, as users become used to longer lifecycles of lamps and shift views away from them being throw
More information is available in the report ‘Lighting Market Report – UK 2018-2022’, which is published by AMA Research. The report is available now and can be ordered online at www.
amaresearch.co.uk or by calling 01242 235724.
www.diyweek.net
23 NOVEMBER 2018 DIY WEEK 17
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