Global decorative lighting market size is estimated to grow by USD 9990.33 million

According to Technavio, the global decorative lighting market size is estimated to grow by USD 9990.33 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.34% during the forecast period. APAC will account for 49% of the global market's growth during the forecast period.

The market share growth by the offline segment will be significant during the forecast period. Offline stores allow customers to check the products before making a purchase. The stores offer a large product portfolio and support and information on products. This helps customers understand innovative features, the latest designs, patterns, and technology integrated into the products. All these factors are driving the growth of the segment.