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 Flex LED Strip Lights 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.
Of the major players of Flex LED Strip Lights, Jiasheng Lighting maintained its first place in the ranking in 2017. Jiasheng Lighting accounted for 4.447% of the Global Flex LED Strip Lights sales volume market share in 2017. Other players accounted for 3.50% and 4.626% including LEDVANCE and OML.
In this study, the region of Flex LED Strip Lights divided into six geographic segments: In United States, total Flex LED Strip Lights accounted for 17.36%. In the Europe, total Flex LED Strip Lights accounted for 24.75%. The market in China Flex LED Strip Lights accounted for 25.40%, in Japan 4.14%, in India 2.87% and in South East Asia 2.61%. Among all regions, China is estimated to represent the highest share.
On the basis of product type, there are mainly two major types of Flex LED Strip Lights, including 5050 and 3528, and this two major segment totally accounted for 77.08 % revenue share in 2017.
In the applications, the commercial segment was estimated to account for the highest revemie share of 94.32% in 2017 and is expected to gain significant market share by the end of 2025.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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Despite the presence of competition problems, due to the UK recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.
Over the next five years, it is projected that Flex LED Strip Lights will register a 15.7% CAGR in terms of revenue, reach US$ 3370 million by 2023, from US$ 1400 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Flex LED Strip Lights market by product type, application, key manufacturers and key regions.
To calculate the market size, It is considered value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Lighting Ever LTD
Digital Advanced Lighting
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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Flex LED Strip Lights by Players
4 Flex LED Strip Lights by Regions
8 Middle East & Africa
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