Global LED Strip Market Research Report 2023

LED Strip is also called Flex LED Strip. Flex LED strip lights are thin flexible printed circuit boards with LEDs and resistors attached that populated by surface mounted light-emitting diodes (SMD LEDs) that usually comes with an adhesive backing. These LED strips come in many configurations meaning one can be very bright to light an entire room and another less bright for accent lighting. LED flexible strips can also be made to use any usable wavelength or color that is desired for your home or business project.

The global LED Strip market was valued at US$ 1100 million in 2022 and is anticipated to reach US$ 2976.7 million by 2029, witnessing a CAGR of 15.1% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global LED Strip key players include OML Technology, Jiasheng Lighting, LEDVANCE, Philips, Forge Europa, etc. Global top five manufacturers hold a share about 25%. Asia-Pacific is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, 5050 is the largest segment, with a share about 65%. And in terms of application, the largest application is Commercial Application, followed by Home Application.

This report aims to provide a comprehensive presentation of the global market for LED Strip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Strip.

The LED Strip market size, estimations, and forecasts are provided in terms of output/shipments (M Meter) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global LED Strip market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the LED Strip manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Product Definition

1.2 LED Strip Segment by Type

1.2.1 Global LED Strip Market Value Growth Rate Analysis by Type 2022 VS 2029

1.2.2 5050

1.2.3 3528

1.2.4 Others

1.3 LED Strip Segment by Application

1.3.1 Global LED Strip Market Value Growth Rate Analysis by Application: 2022 VS 2029

1.3.2 Home Application

1.3.3 Commercial Application

1.4 Global Market Growth Prospects

1.4.1 Global LED Strip Production Value Estimates and Forecasts (2018-2029)

1.4.2 Global LED Strip Production Capacity Estimates and Forecasts (2018-2029)

1.4.3 Global LED Strip Production Estimates and Forecasts (2018-2029)

1.4.4 Global LED Strip Market Average Price Estimates and Forecasts (2018-2029)

1.5 Assumptions and Limitations

2.1 Global LED Strip Production Market Share by Manufacturers (2018-2023)

2.2 Global LED Strip Production Value Market Share by Manufacturers (2018-2023)

2.3 Global Key Players of LED Strip, Industry Ranking, 2021 VS 2022 VS 2023

2.4 Global LED Strip Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.5 Global LED Strip Average Price by Manufacturers (2018-2023)

2.6 Global Key Manufacturers of LED Strip, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of LED Strip, Product Offered and Application

2.8 Global Key Manufacturers of LED Strip, Date of Enter into This Industry

2.9 LED Strip Market Competitive Situation and Trends

2.9.1 LED Strip Market Concentration Rate

2.9.2 Global 5 and 10 Largest LED Strip Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3.1 Global LED Strip Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

3.2 Global LED Strip Production Value by Region (2018-2029)

3.2.1 Global LED Strip Production Value Market Share by Region (2018-2023)

3.2.2 Global Forecasted Production Value of LED Strip by Region (2024-2029)

3.3 Global LED Strip Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

3.4 Global LED Strip Production by Region (2018-2029)

3.4.1 Global LED Strip Production Market Share by Region (2018-2023)

3.4.2 Global Forecasted Production of LED Strip by Region (2024-2029)

3.5 Global LED Strip Market Price Analysis by Region (2018-2023)

3.6 Global LED Strip Production and Value, Year-over-Year Growth

3.6.1 North America LED Strip Production Value Estimates and Forecasts (2018-2029)

3.6.2 Europe LED Strip Production Value Estimates and Forecasts (2018-2029)

3.6.3 China LED Strip Production Value Estimates and Forecasts (2018-2029)

3.6.4 Latin America LED Strip Production Value Estimates and Forecasts (2018-2029)

4.1 Global LED Strip Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

4.2 Global LED Strip Consumption by Region (2018-2029)

4.2.1 Global LED Strip Consumption by Region (2018-2023)

4.2.2 Global LED Strip Forecasted Consumption by Region (2024-2029)

4.3 North America

4.3.1 North America LED Strip Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.3.2 North America LED Strip Consumption by Country (2018-2029)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe LED Strip Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.4.2 Europe LED Strip Consumption by Country (2018-2029)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Russia

4.5 Asia Pacific

4.5.1 Asia Pacific LED Strip Consumption Growth Rate by Region: 2018 VS 2022 VS 2029

4.5.2 Asia Pacific LED Strip Consumption by Region (2018-2029)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa LED Strip Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.6.2 Latin America, Middle East & Africa LED Strip Consumption by Country (2018-2029)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

5.1 Global LED Strip Production by Type (2018-2029)

5.1.1 Global LED Strip Production by Type (2018-2023)

5.1.2 Global LED Strip Production by Type (2024-2029)

5.1.3 Global LED Strip Production Market Share by Type (2018-2029)

5.2 Global LED Strip Production Value by Type (2018-2029)

5.2.1 Global LED Strip Production Value by Type (2018-2023)

5.2.2 Global LED Strip Production Value by Type (2024-2029)

5.2.3 Global LED Strip Production Value Market Share by Type (2018-2029)

5.3 Global LED Strip Price by Type (2018-2029)

6.1 Global LED Strip Production by Application (2018-2029)

6.1.1 Global LED Strip Production by Application (2018-2023)

6.1.2 Global LED Strip Production by Application (2024-2029)

6.1.3 Global LED Strip Production Market Share by Application (2018-2029)

6.2 Global LED Strip Production Value by Application (2018-2029)

6.2.1 Global LED Strip Production Value by Application (2018-2023)

6.2.2 Global LED Strip Production Value by Application (2024-2029)

6.2.3 Global LED Strip Production Value Market Share by Application (2018-2029)

6.3 Global LED Strip Price by Application (2018-2029)

7.1 Forge Europa

7.1.1 Forge Europa LED Strip Corporation Information

7.1.2 Forge Europa LED Strip Product Portfolio

7.1.3 Forge Europa LED Strip Production, Value, Price and Gross Margin (2018-2023)

7.1.4 Forge Europa Main Business and Markets Served

7.1.5 Forge Europa Recent Developments/Updates

7.2 LEDVANCE

7.2.1 LEDVANCE LED Strip Corporation Information

7.2.2 LEDVANCE LED Strip Product Portfolio

7.2.3 LEDVANCE LED Strip Production, Value, Price and Gross Margin (2018-2023)

7.2.4 LEDVANCE Main Business and Markets Served

7.2.5 LEDVANCE Recent Developments/Updates

7.3 Ledridge Lighting

7.3.1 Ledridge Lighting LED Strip Corporation Information

7.3.2 Ledridge Lighting LED Strip Product Portfolio

7.3.3 Ledridge Lighting LED Strip Production, Value, Price and Gross Margin (2018-2023)

7.3.4 Ledridge Lighting Main Business and Markets Served

7.3.5 Ledridge Lighting Recent Developments/Updates

7.4 Digital Advanced Lighting

7.4.1 Digital Advanced Lighting LED Strip Corporation Information

7.4.2 Digital Advanced Lighting LED Strip Product Portfolio

7.4.3 Digital Advanced Lighting LED Strip Production, Value, Price and Gross Margin (2018-2023)

7.4.4 Digital Advanced Lighting Main Business and Markets Served

7.4.5 Digital Advanced Lighting Recent Developments/Updates

7.5 Lighting Ever

7.5.1 Lighting Ever LED Strip Corporation Information

7.5.2 Lighting Ever LED Strip Product Portfolio

7.5.3 Lighting Ever LED Strip Production, Value, Price and Gross Margin (2018-2023)

7.5.4 Lighting Ever Main Business and Markets Served

7.5.5 Lighting Ever Recent Developments/Updates

7.6 LEDMY

7.6.1 LEDMY LED Strip Corporation Information

7.6.2 LEDMY LED Strip Product Portfolio

7.6.3 LEDMY LED Strip Production, Value, Price and Gross Margin (2018-2023)

7.6.4 LEDMY Main Business and Markets Served

7.6.5 LEDMY Recent Developments/Updates

8.1 LED Strip Industry Chain Analysis

8.2 LED Strip Key Raw Materials

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 LED Strip Production Mode & Process

8.4 LED Strip Sales and Marketing

8.4.1 LED Strip Sales Channels

8.4.2 LED Strip Distributors

8.5 LED Strip Customers

9.1 LED Strip Industry Trends

9.2 LED Strip Market Drivers

9.3 LED Strip Market Challenges

9.4 LED Strip Market Restraints

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

List of Tables

    Table 1. Global LED Strip Market Value by Type, (US$ Million) & (2022 VS 2029)

    Table 2. Global LED Strip Market Value by Application, (US$ Million) & (2022 VS 2029)

    Table 3. Global LED Strip Production Capacity (M Meter) by Manufacturers in 2022

    Table 4. Global LED Strip Production by Manufacturers (2018-2023) & (M Meter)

    Table 5. Global LED Strip Production Market Share by Manufacturers (2018-2023)

    Table 6. Global LED Strip Production Value by Manufacturers (2018-2023) & (US$ Million)

    Table 7. Global LED Strip Production Value Share by Manufacturers (2018-2023)

    Table 8. Global LED Strip Industry Ranking 2021 VS 2022 VS 2023

    Table 9. Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in LED Strip as of 2022)

    Table 10. Global Market LED Strip Average Price by Manufacturers (USD/Meter) & (2018-2023)

    Table 11. Manufacturers LED Strip Production Sites and Area Served

    Table 12. Manufacturers LED Strip Product Types

    Table 13. Global LED Strip Manufacturers Market Concentration Ratio (CR5 and HHI)

    Table 14. Mergers & Acquisitions, Expansion

    Table 15. Global LED Strip Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)

    Table 16. Global LED Strip Production Value (US$ Million) by Region (2018-2023)

    Table 17. Global LED Strip Production Value Market Share by Region (2018-2023)

    Table 18. Global LED Strip Production Value (US$ Million) Forecast by Region (2024-2029)

    Table 19. Global LED Strip Production Value Market Share Forecast by Region (2024-2029)

    Table 20. Global LED Strip Production Comparison by Region: 2018 VS 2022 VS 2029 (M Meter)

    Table 21. Global LED Strip Production (M Meter) by Region (2018-2023)

    Table 22. Global LED Strip Production Market Share by Region (2018-2023)

    Table 23. Global LED Strip Production (M Meter) Forecast by Region (2024-2029)

    Table 24. Global LED Strip Production Market Share Forecast by Region (2024-2029)

    Table 25. Global LED Strip Market Average Price (USD/Meter) by Region (2018-2023)

    Table 26. Global LED Strip Market Average Price (USD/Meter) by Region (2024-2029)

    Table 27. Global LED Strip Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (M Meter)

    Table 28. Global LED Strip Consumption by Region (2018-2023) & (M Meter)

    Table 29. Global LED Strip Consumption Market Share by Region (2018-2023)

    Table 30. Global LED Strip Forecasted Consumption by Region (2024-2029) & (M Meter)

    Table 31. Global LED Strip Forecasted Consumption Market Share by Region (2018-2023)

    Table 32. North America LED Strip Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (M Meter)

    Table 33. North America LED Strip Consumption by Country (2018-2023) & (M Meter)

    Table 34. North America LED Strip Consumption by Country (2024-2029) & (M Meter)

    Table 35. Europe LED Strip Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (M Meter)

    Table 36. Europe LED Strip Consumption by Country (2018-2023) & (M Meter)

    Table 37. Europe LED Strip Consumption by Country (2024-2029) & (M Meter)

    Table 38. Asia Pacific LED Strip Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (M Meter)

    Table 39. Asia Pacific LED Strip Consumption by Region (2018-2023) & (M Meter)

    Table 40. Asia Pacific LED Strip Consumption by Region (2024-2029) & (M Meter)

    Table 41. Latin America, Middle East & Africa LED Strip Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (M Meter)

    Table 42. Latin America, Middle East & Africa LED Strip Consumption by Country (2018-2023) & (M Meter)

    Table 43. Latin America, Middle East & Africa LED Strip Consumption by Country (2024-2029) & (M Meter)

    Table 44. Global LED Strip Production (M Meter) by Type (2018-2023)

    Table 45. Global LED Strip Production (M Meter) by Type (2024-2029)

    Table 46. Global LED Strip Production Market Share by Type (2018-2023)

    Table 47. Global LED Strip Production Market Share by Type (2024-2029)

    Table 48. Global LED Strip Production Value (US$ Million) by Type (2018-2023)

    Table 49. Global LED Strip Production Value (US$ Million) by Type (2024-2029)

    Table 50. Global LED Strip Production Value Share by Type (2018-2023)

    Table 51. Global LED Strip Production Value Share by Type (2024-2029)

    Table 52. Global LED Strip Price (USD/Meter) by Type (2018-2023)

    Table 53. Global LED Strip Price (USD/Meter) by Type (2024-2029)

    Table 54. Global LED Strip Production (M Meter) by Application (2018-2023)

    Table 55. Global LED Strip Production (M Meter) by Application (2024-2029)

    Table 56. Global LED Strip Production Market Share by Application (2018-2023)

    Table 57. Global LED Strip Production Market Share by Application (2024-2029)

    Table 58. Global LED Strip Production Value (US$ Million) by Application (2018-2023)

    Table 59. Global LED Strip Production Value (US$ Million) by Application (2024-2029)

    Table 60. Global LED Strip Production Value Share by Application (2018-2023)

    Table 61. Global LED Strip Production Value Share by Application (2024-2029)

    Table 62. Global LED Strip Price (USD/Meter) by Application (2018-2023)

    Table 63. Global LED Strip Price (USD/Meter) by Application (2024-2029)

    Table 64. Forge Europa LED Strip Corporation Information

    Table 65. Forge Europa Specification and Application

    Table 66. Forge Europa LED Strip Production (M Meter), Value (US$ Million), Price (USD/Meter) and Gross Margin (2018-2023)

    Table 67. Forge Europa Main Business and Markets Served

    Table 68. Forge Europa Recent Developments/Updates

    Table 69. LEDVANCE LED Strip Corporation Information

    Table 70. LEDVANCE Specification and Application

    Table 71. LEDVANCE LED Strip Production (M Meter), Value (US$ Million), Price (USD/Meter) and Gross Margin (2018-2023)

    Table 72. LEDVANCE Main Business and Markets Served

    Table 73. LEDVANCE Recent Developments/Updates

    Table 74. Ledridge Lighting LED Strip Corporation Information

    Table 75. Ledridge Lighting Specification and Application

    Table 76. Ledridge Lighting LED Strip Production (M Meter), Value (US$ Million), Price (USD/Meter) and Gross Margin (2018-2023)

    Table 77. Ledridge Lighting Main Business and Markets Served

    Table 78. Ledridge Lighting Recent Developments/Updates

    Table 79. Digital Advanced Lighting LED Strip Corporation Information

    Table 80. Digital Advanced Lighting Specification and Application

    Table 81. Digital Advanced Lighting LED Strip Production (M Meter), Value (US$ Million), Price (USD/Meter) and Gross Margin (2018-2023)

    Table 82. Digital Advanced Lighting Main Business and Markets Served

    Table 83. Digital Advanced Lighting Recent Developments/Updates

    Table 84. Lighting Ever LED Strip Corporation Information

    Table 85. Lighting Ever Specification and Application

    Table 86. Lighting Ever LED Strip Production (M Meter), Value (US$ Million), Price (USD/Meter) and Gross Margin (2018-2023)

    Table 87. Lighting Ever Main Business and Markets Served

    Table 88. Lighting Ever Recent Developments/Updates

    Table 89. LEDMY LED Strip Corporation Information

    Table 90. LEDMY Specification and Application

    Table 91. LEDMY LED Strip Production (M Meter), Value (US$ Million), Price (USD/Meter) and Gross Margin (2018-2023)

    Table 92. LEDMY Main Business and Markets Served

    Table 93. LEDMY Recent Developments/Updates

    Table 94. Key Raw Materials Lists

    Table 95. Raw Materials Key Suppliers Lists

    Table 96. LED Strip Distributors List

    Table 97. LED Strip Customers List

    Table 98. LED Strip Market Trends

    Table 99. LED Strip Market Drivers

    Table 100. LED Strip Market Challenges

    Table 101. LED Strip Market Restraints

    Table 102. Research Programs/Design for This Report

    Table 103. Key Data Information from Secondary Sources

    Table 104. Key Data Information from Primary Sources

List of Figures

    Figure 1. Product Picture of LED Strip

    Figure 2. Global LED Strip Market Value by Type, (US$ Million) & (2022 VS 2029)

    Figure 3. Global LED Strip Market Share by Type: 2022 VS 2029

    Figure 4. 5050 Product Picture

    Figure 5. 3528 Product Picture

    Figure 6. Others Product Picture

    Figure 7. Global LED Strip Market Value by Application, (US$ Million) & (2022 VS 2029)

    Figure 8. Global LED Strip Market Share by Application: 2022 VS 2029

    Figure 9. Home Application

    Figure 10. Commercial Application

    Figure 11. Global LED Strip Production Value (US$ Million), 2018 VS 2022 VS 2029

    Figure 12. Global LED Strip Production Value (US$ Million) & (2018-2029)

    Figure 13. Global LED Strip Production (M Meter) & (2018-2029)

    Figure 14. Global LED Strip Average Price (USD/Meter) & (2018-2029)

    Figure 15. LED Strip Report Years Considered

    Figure 16. LED Strip Production Share by Manufacturers in 2022

    Figure 17. LED Strip Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2022

    Figure 18. The Global 5 and 10 Largest Players: Market Share by LED Strip Revenue in 2022

    Figure 19. Global LED Strip Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)

    Figure 20. Global LED Strip Production Value Market Share by Region: 2018 VS 2022 VS 2029

    Figure 21. Global LED Strip Production Comparison by Region: 2018 VS 2022 VS 2029 (M Meter)

    Figure 22. Global LED Strip Production Market Share by Region: 2018 VS 2022 VS 2029

    Figure 23. North America LED Strip Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 24. Europe LED Strip Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 25. China LED Strip Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 26. Latin America LED Strip Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 27. Global LED Strip Consumption by Region: 2018 VS 2022 VS 2029 (M Meter)

    Figure 28. Global LED Strip Consumption Market Share by Region: 2018 VS 2022 VS 2029

    Figure 29. North America LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 30. North America LED Strip Consumption Market Share by Country (2018-2029)

    Figure 31. Canada LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 32. U.S. LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 33. Europe LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 34. Europe LED Strip Consumption Market Share by Country (2018-2029)

    Figure 35. Germany LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 36. France LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 37. U.K. LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 38. Italy LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 39. Russia LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 40. Asia Pacific LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 41. Asia Pacific LED Strip Consumption Market Share by Regions (2018-2029)

    Figure 42. China LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 43. Japan LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 44. South Korea LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 45. China Taiwan LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 46. Southeast Asia LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 47. India LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 48. Latin America, Middle East & Africa LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 49. Latin America, Middle East & Africa LED Strip Consumption Market Share by Country (2018-2029)

    Figure 50. Mexico LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 51. Brazil LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 52. Turkey LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 53. GCC Countries LED Strip Consumption and Growth Rate (2018-2023) & (M Meter)

    Figure 54. Global Production Market Share of LED Strip by Type (2018-2029)

    Figure 55. Global Production Value Market Share of LED Strip by Type (2018-2029)

    Figure 56. Global LED Strip Price (USD/Meter) by Type (2018-2029)

    Figure 57. Global Production Market Share of LED Strip by Application (2018-2029)

    Figure 58. Global Production Value Market Share of LED Strip by Application (2018-2029)

    Figure 59. Global LED Strip Price (USD/Meter) by Application (2018-2029)

    Figure 60. LED Strip Value Chain

    Figure 61. LED Strip Production Process

    Figure 62. Channels of Distribution (Direct Vs Distribution)

    Figure 63. Distributors Profiles

    Figure 64. Bottom-up and Top-down Approaches for This Report

    Figure 65. Data Triangulation