The Q2 2024 Pulse of Lighting Survey is now open, inviting participation from distributors, lighting agents, manufacturer reps, and lighting manufacturers across the US. This survey, running for its 6th year, aims to gather market insights to produce an industry benchmarking report. Participants can expect a free copy of the Q1 2024 Pulse of Lighting Report upon completing the survey.
Reflecting on Q1, challenges were noted across various regions due to factors like weather, economic conditions, project delays, and labor shortages. However, indications from distributors and manufacturers suggest a potential improvement in Q2, with some regions showing recovery, notably the Southeast and Southwest (despite weather setbacks in Texas).
At the NAED National, discussions highlighted that while the lighting sector lags behind overall market performance, certain segments like value-engineered lines are faring relatively better. The survey seeks to gauge whether the market is stabilizing or improving, aligning with projections from industry reports despite inflation and economic uncertainties.
Interested participants are encouraged to share their perspectives by June 21 to contribute to this comprehensive industry snapshot and receive valuable insights into market trends and performance benchmarks.
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