David Gordon’s US Lighting Trends Report is out – Is Declining Growth on the Horizon?

Highlights from our recently released 2022 Q4 Pulse of Lighting report include:

  • Manufacturers, reps / lighting agents and distributors each reported mid-single digit performance
  • Busiest market segments are small and medium new and renovation construction markets. 
  • There is a sense of distributors possibly working down their inventory, however, new multi-use products (tunable wattage products) create opportunities for distributors to reduce their inventory.
  • Over 2/3rds of distributors reporting having some projects delayed due to product delays in other product categories, especially switchgear
  • Some report that projects have been cancelled due to the economy and/or labor issues.
  • Some supply chain issues remain, at least for some, although container rates have dropped significantly.
  • Pricing was relatively flat in Q4.

And for 2023 …

  • Distributors expect a couple of points lower for Q1 but, ending a little higher but still low mid-single digit growth for the year.
  • Manufacturers are a little more optimistic for 2023 albeit mirror
  • Reps are projecting lighting market performance in line with their distributors but significantly less than manufacturers.
  • We asked each audience to rank key drivers of success in 2023
  • There is nominal conviction about price increases for Q1, an indication of a competitive market, declining supply chain issues (and costs) and a weakening market where price returns as a more important decision criterion.

To purchase the full report click here