Neon Lighting Market: Beating Growth Expectations | Sygns, Osram, SGi Lighting

(HTF Market Intelligence via Comtex)

Neon lighting has gained popularity for business promotions and domestic living space. They are inexpensive and can be used for directing a location, as business banners, an event banner, for promoting products etc. owing to its high-visibility. Neon signs that appear to blink or move are controlled by programmable electronic controls. The market is expected to continue to surge attributing to its areas of interest and applications.

How customers and prospects view your existing business and products, benchmark view point to know if it is matching customers' needs or not. Know possibility and uncover untapped opinions of Neon Lighting Market.

A latest study released by Advance Market Analytics on Global Neon Lighting Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Neon Lighting market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*.

Some are the key & emerging players that are part of coverage and have being profiled are Sygns (Germany), Signify Holding (The Netherlands), EGL Lighting Inc. (United States), Osram GmbH (Germany), Jesco Lighting Group LLC. (United States), Gruppe Lighting Solution Sdn. Bhd. (Malaysia), NVC Lighting Technology Corporation (China), Neo-Neon Holdings Ltd. (Hong Kong), SGi Lighting Inc. (United States) and IVC Signs (United Kingdom).


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Type (Glass Neon, Led Neon, Others), Application (Advertising, Commercial, Traffic, Construction), Mixing Element (Hydrogen (Red), Helium (Yellow), Carbon Dioxide (White), Mercury (Blue), Others)


Steady growth, expanding margins

Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year's points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.

2. Industry growth prospects and market share

According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by <Market Segmentation>, the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Neon Lighting market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.

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3. Ambitious growth plans & rising competition?

Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are Sygns (Germany), Signify Holding (The Netherlands), EGL Lighting Inc. (United States), Osram GmbH (Germany), Jesco Lighting Group LLC. (United States), Gruppe Lighting Solution Sdn. Bhd. (Malaysia), NVC Lighting Technology Corporation (China), Neo-Neon Holdings Ltd. (Hong Kong), SGi Lighting Inc. (United States) and IVC Signs (United Kingdom).
4. Where the Industry is today

Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.

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Market Trend

  • Used As Brand Awareness Medium
  • Increasing Adoption of Neon Signage Owing To Its Reusability Factor

Restraints

  • Unawareness of Product Advantages in Undeveloped Regions

Opportunities

  • Increasing Importance Given To Advertising Worldwide

Challenges

  • Highly Competitive Market

Key Insights that Study is going to provide:


Revenue splits by most promising business segments.
- Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
- Market Share & Sales Revenue by Key Players & Emerging Regional Players.
- A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
- Patent Analysis** No of patents / Trademark filed in recent years.
- Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.

** May vary depending upon availability and feasibility of data with respect to Industry targeted

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Western / Eastern Europe or Southeast Asia.

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