Dear Maurice,
The U.S. Department of Labor reported a post-pandemic-shutdown-period gain of 12.1 million jobs since January 2021 and an unemployment rate of 3.4%. Leading job demand were leisure and hospitality businesses, including restaurants, bars, and hotels. Possibly as an offshoot of that resurgence, the lighting market is resuming its growth.
Home interior trends experts project that lighting will be larger, more architectural, and more prominent than previous lighting.
Growth in this industry may offer opportunities for stamping manufacturers. Stampings for lighting take the form of enclosures, housings and covers, shields, reflectors, brackets, mounts, metal clips, fittings, and fixture appearance parts. Electrical components for the lighting include cover and back plates, end caps, cover clips, connectors and couplings, recessed lighting clips, and ring reflectors. Materials include steel, stainless steel, aluminum, brass, and copper.
