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LED Strip-Global Market Insights and Sales Trends 2024
Synopsis
LED Strip is also called Flex LED Strip. Flex LED strip lights are thin flexible printed circuit boards with LEDs and resistors attached that populated by surface mounted light-emitting diodes (SMD LEDs) that usually comes with an adhesive backing. These LED strips come in many configurations meaning one can be very bright to light an entire room and another less bright for accent lighting. LED flexible strips can also be made to use any usable wavelength or color that is desired for your home or business project.
The global LED Strip market size is expected to reach US$ 2976.7 million by 2029, growing at a CAGR of 15.1% from 2023 to 2029. The market is mainly driven by the significant applications of LED Strip in various end use industries. The expanding demands from the Home Application and Commercial Application, are propelling LED Strip market. 5050, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 3528 segment is estimated at % CAGR for the next seven-year period.
Global LED Strip key players include OML Technology, Jiasheng Lighting, LEDVANCE, Philips, Forge Europa, etc. Global top five manufacturers hold a share about 25%. Asia-Pacific is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, 5050 is the largest segment, with a share about 65%. And in terms of application, the largest application is Commercial Application, followed by Home Application.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LED Strip, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LED Strip market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LED Strip market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Strip sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LED Strip covered in this report include Forge Europa, LEDVANCE, Ledridge Lighting, Digital Advanced Lighting, Lighting Ever and LEDMY, etc.
The global LED Strip market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Forge Europa
LEDVANCE
Ledridge Lighting
Digital Advanced Lighting
Lighting Ever
LEDMY
Global LED Strip market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LED Strip market, Segment by Type:
5050
3528
Others
Global LED Strip market, by Application
Home Application
Commercial Application
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LED Strip manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Strip in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
LED Strip is also called Flex LED Strip. Flex LED strip lights are thin flexible printed circuit boards with LEDs and resistors attached that populated by surface mounted light-emitting diodes (SMD LEDs) that usually comes with an adhesive backing. These LED strips come in many configurations meaning one can be very bright to light an entire room and another less bright for accent lighting. LED flexible strips can also be made to use any usable wavelength or color that is desired for your home or business project.
The global LED Strip market size is expected to reach US$ 2976.7 million by 2029, growing at a CAGR of 15.1% from 2023 to 2029. The market is mainly driven by the significant applications of LED Strip in various end use industries. The expanding demands from the Home Application and Commercial Application, are propelling LED Strip market. 5050, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 3528 segment is estimated at % CAGR for the next seven-year period.
Global LED Strip key players include OML Technology, Jiasheng Lighting, LEDVANCE, Philips, Forge Europa, etc. Global top five manufacturers hold a share about 25%. Asia-Pacific is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, 5050 is the largest segment, with a share about 65%. And in terms of application, the largest application is Commercial Application, followed by Home Application.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LED Strip, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LED Strip market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LED Strip market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Strip sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LED Strip covered in this report include Forge Europa, LEDVANCE, Ledridge Lighting, Digital Advanced Lighting, Lighting Ever and LEDMY, etc.
The global LED Strip market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Forge Europa
LEDVANCE
Ledridge Lighting
Digital Advanced Lighting
Lighting Ever
LEDMY
Global LED Strip market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LED Strip market, Segment by Type:
5050
3528
Others
Global LED Strip market, by Application
Home Application
Commercial Application
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LED Strip manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Strip in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 LED Strip Market Overview
1.1 LED Strip Product Overview
1.2 LED Strip Market Segment by Type
1.2.1 5050
1.2.2 3528
1.2.3 Others
1.3 Global LED Strip Market Size by Type
1.3.1 Global LED Strip Market Size Overview by Type (2018-2029)
1.3.2 Global LED Strip Historic Market Size Review by Type (2018-2023)
1.3.3 Global LED Strip Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LED Strip Sales Breakdown by Type (2018-2023)
1.4.2 Europe LED Strip Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LED Strip Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LED Strip Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LED Strip Sales Breakdown by Type (2018-2023)
2 Global LED Strip Market Competition by Company
2.1 Global Top Players by LED Strip Sales (2018-2023)
2.2 Global Top Players by LED Strip Revenue (2018-2023)
2.3 Global Top Players by LED Strip Price (2018-2023)
2.4 Global Top Manufacturers LED Strip Manufacturing Base Distribution, Sales Area, Product Type
2.5 LED Strip Market Competitive Situation and Trends
2.5.1 LED Strip Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LED Strip Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in LED Strip as of 2022)
2.7 Date of Key Manufacturers Enter into LED Strip Market
2.8 Key Manufacturers LED Strip Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LED Strip Status and Outlook by Region
3.1 Global LED Strip Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LED Strip Historic Market Size by Region
3.2.1 Global LED Strip Sales in Volume by Region (2018-2023)
3.2.2 Global LED Strip Sales in Value by Region (2018-2023)
3.2.3 Global LED Strip Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LED Strip Forecasted Market Size by Region
3.3.1 Global LED Strip Sales in Volume by Region (2024-2029)
3.3.2 Global LED Strip Sales in Value by Region (2024-2029)
3.3.3 Global LED Strip Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LED Strip by Application
4.1 LED Strip Market Segment by Application
4.1.1 Home Application
4.1.2 Commercial Application
4.2 Global LED Strip Market Size by Application
4.2.1 Global LED Strip Market Size Overview by Application (2018-2029)
4.2.2 Global LED Strip Historic Market Size Review by Application (2018-2023)
4.2.3 Global LED Strip Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LED Strip Sales Breakdown by Application (2018-2023)
4.3.2 Europe LED Strip Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LED Strip Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LED Strip Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LED Strip Sales Breakdown by Application (2018-2023)
5 North America LED Strip by Country
5.1 North America LED Strip Historic Market Size by Country
5.1.1 North America LED Strip Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LED Strip Sales in Volume by Country (2018-2023)
5.1.3 North America LED Strip Sales in Value by Country (2018-2023)
5.2 North America LED Strip Forecasted Market Size by Country
5.2.1 North America LED Strip Sales in Volume by Country (2024-2029)
5.2.2 North America LED Strip Sales in Value by Country (2024-2029)
6 Europe LED Strip by Country
6.1 Europe LED Strip Historic Market Size by Country
6.1.1 Europe LED Strip Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LED Strip Sales in Volume by Country (2018-2023)
6.1.3 Europe LED Strip Sales in Value by Country (2018-2023)
6.2 Europe LED Strip Forecasted Market Size by Country
6.2.1 Europe LED Strip Sales in Volume by Country (2024-2029)
6.2.2 Europe LED Strip Sales in Value by Country (2024-2029)
7 Asia-Pacific LED Strip by Region
7.1 Asia-Pacific LED Strip Historic Market Size by Region
7.1.1 Asia-Pacific LED Strip Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LED Strip Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LED Strip Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LED Strip Forecasted Market Size by Region
7.2.1 Asia-Pacific LED Strip Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LED Strip Sales in Value by Region (2024-2029)
8 Latin America LED Strip by Country
8.1 Latin America LED Strip Historic Market Size by Country
8.1.1 Latin America LED Strip Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LED Strip Sales in Volume by Country (2018-2023)
8.1.3 Latin America LED Strip Sales in Value by Country (2018-2023)
8.2 Latin America LED Strip Forecasted Market Size by Country
8.2.1 Latin America LED Strip Sales in Volume by Country (2024-2029)
8.2.2 Latin America LED Strip Sales in Value by Country (2024-2029)
9 Middle East and Africa LED Strip by Country
9.1 Middle East and Africa LED Strip Historic Market Size by Country
9.1.1 Middle East and Africa LED Strip Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LED Strip Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LED Strip Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LED Strip Forecasted Market Size by Country
9.2.1 Middle East and Africa LED Strip Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LED Strip Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Forge Europa
10.1.1 Forge Europa Company Information
10.1.2 Forge Europa Introduction and Business Overview
10.1.3 Forge Europa LED Strip Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Forge Europa LED Strip Products Offered
10.1.5 Forge Europa Recent Development
10.2 LEDVANCE
10.2.1 LEDVANCE Company Information
10.2.2 LEDVANCE Introduction and Business Overview
10.2.3 LEDVANCE LED Strip Sales, Revenue and Gross Margin (2018-2023)
10.2.4 LEDVANCE LED Strip Products Offered
10.2.5 LEDVANCE Recent Development
10.3 Ledridge Lighting
10.3.1 Ledridge Lighting Company Information
10.3.2 Ledridge Lighting Introduction and Business Overview
10.3.3 Ledridge Lighting LED Strip Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Ledridge Lighting LED Strip Products Offered
10.3.5 Ledridge Lighting Recent Development
10.4 Digital Advanced Lighting
10.4.1 Digital Advanced Lighting Company Information
10.4.2 Digital Advanced Lighting Introduction and Business Overview
10.4.3 Digital Advanced Lighting LED Strip Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Digital Advanced Lighting LED Strip Products Offered
10.4.5 Digital Advanced Lighting Recent Development
10.5 Lighting Ever
10.5.1 Lighting Ever Company Information
10.5.2 Lighting Ever Introduction and Business Overview
10.5.3 Lighting Ever LED Strip Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Lighting Ever LED Strip Products Offered
10.5.5 Lighting Ever Recent Development
10.6 LEDMY
10.6.1 LEDMY Company Information
10.6.2 LEDMY Introduction and Business Overview
10.6.3 LEDMY LED Strip Sales, Revenue and Gross Margin (2018-2023)
10.6.4 LEDMY LED Strip Products Offered
10.6.5 LEDMY Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LED Strip Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 LED Strip Industrial Chain Analysis
11.4 LED Strip Market Dynamics
11.4.1 LED Strip Industry Trends
11.4.2 LED Strip Market Drivers
11.4.3 LED Strip Market Challenges
11.4.4 LED Strip Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LED Strip Distributors
12.3 LED Strip Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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