{"id":443891,"date":"2019-11-04T12:36:01","date_gmt":"2019-11-04T12:36:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=443891"},"modified":"2019-11-04T12:36:01","modified_gmt":"2019-11-04T12:36:01","slug":"chandelier-market-estimated-to-expand-at-a-robust-cagr-of-34-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/chandelier-market-estimated-to-expand-at-a-robust-cagr-of-34-by-2025-grand-view-research-inc_443891.html","title":{"rendered":"Chandelier Market Estimated to Expand at a Robust CAGR of 3.4% by 2025 | Grand View Research, Inc."},"content":{"rendered":"
\"Chandelier<\/a><\/p>\n
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, The global chandelier market size was valued at USD 6.7 billion in 2018 and is anticipated to exhibit a CAGR of 3.4% over the forecast period. <\/div>\n

The global chandelier market<\/a> size is expected to reach USD 8.5 billion by 2025, at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Increasing use of chandeliers as decorative lighting product in commercial spaces is expected to impel market growth. Growing awareness regarding interior decoration coupled with increasing investments in home décor, especially by affluent millennials is anticipated to propel the growth. Social networking sites 1] play a vital role in promoting the use of chandeliers to enhance residential as well as commercial decor, which in turn is expected to fuel the product demand.<\/p>\n

Over the past few years, the raw material preference is shifting from crystal to other materials such as metal, glass, wood, plastic, and concrete. Rising popularity of products made using a combination of materials, such as metal and wood or metal and glass is expected to create growth opportunities for manufacturers. In addition, rising popularity of black and other dark colored chandeliers for restrained and bright interiors is expected to drive the market growth.<\/p>\n

Transitional chandeliers held the dominant market share of over 35% in terms of revenue in 2018. Transitional variants are a combination of both traditional as well as modern kinds. The product has gained popularity among consumers owing to innovative designs that beautifully blend with any type of interior. Iron, nickel, bronze, brass, steel, and copper are the commonly used raw materials for these products.<\/p>\n

Browse Details of Report, Please Visit @<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/chandelier-market<\/a><\/p>\n

Asia Pacific is anticipated to exhibit the fastest CAGR over the forecast period, attributed to increasing investments in property renovation. Growing popularity of China, Thailand, India, Sri Lanka, and Maldives as tourist destinations is anticipated to drive the regional product demand. Moreover, increasing use of luxury decorative lighting in commercial places, such as hotels and restaurants will drive the growth of the market.<\/p>\n

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Further key findings from the report suggest<\/span><\/strong>:<\/span><\/p>\n