Industry Analysis & Industry Trends
Lighting products are found throughout homes, workplaces and public spaces. Two key trends are shaping the lighting market: the need for energy efficiency and the emergence of solid-state lighting. Lighting presents a clear opportunity to save energy and slow climate change, as it accounts for about 19% of global electricity consumption. Innovative lighting solutions can save energy while also improving the quality of light.
The total Australian market for electric lighting equipment is expected to be worth $2.31 billion at manufacturer and import prices in 2012-13, of which an estimated $969.4 million, or 42%, will be satisfied by imports. The Australian manufacturing operations of lighting equipment companies are expected to generate revenue of $1.43 billion in 2012-13, up 2.1%... purchase to read more
Industry Report - Industry Investment Chapter
The industry requires relatively low amounts of capital investment. Wages and salary costs are high in the industry when expressed as a percentage of revenue (17.6%), relative to the average of all manufacturing industries (approximately 15%). Australian lighting manufacturers tend to concentrate on high value added architectural lighting involving high levels of design and craftsmanship and project orientation.
Capital costs tend to be reduced by the high level of labour content, the jobbing nature of much of the work done and the lack of high-volume production capacity.
Capital spending in the industry has fallen in the past few years due to a decrease in sales revenue and growth in imports... purchase to read more