The global bicycle lights market will be driven by the growing adoption of bicycles owing to the growing number of health-conscious consumers during the forecast period 2022-2027
30 NORTH GOULD STREET, SHERIDAN, WYOMING, USA, September 20, 2022 /EINPresswire.com/ — Expert Market Research’s new report titled “Global Bicycle Lights Market SizeReport and Forecast 2022-2027′, gives an in-depth analysis of the global Bicycle Lights market, assessing the Bicycle Lights market based on its segments such as Types, Application Types, Products, Sales Channels and major regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Get a free sample report with table of contents: https://www.expertmarketresearch.com/reports/bicycle-lights-market/requestsample
Key highlights of the report include:
Market Overview (2017-2027)
Historical market size (2021): approximately USD 323.1 million
Forecast CAGR (2022-2027): 45%
Forecasted market size (2027): Nearly USD 522.8 million
The growing market for bicycle lights is driven by the increasing adoption of bicycles as a preferred mode of transportation. This may be associated with the increase in the number of health and environment conscious consumers. With evolving health issues, growing need for physical exercise, and evolving urban mobility, the growing adoption of bicycles is positively influencing the growth of the market.
Moreover, due to busy lifestyle, many people cycle in the early morning, late evening, or during the night, which boosts the demand for bicycle lights to prevent accidents. Moreover, the growth of the market can also be linked to the growing interest in mountain biking. This advances the demand for optimal lighting solutions to ensure the safety of the cyclist.
Industry definition and segmentation
Bike lights are lights attached to bicycles to illuminate the path, cycle and rider of the bicycle. These lights work by improving the visibility of bicycles and cyclists and are therefore essential in preventing road accidents. Bike lights allow cyclists to detect reflective elements, objects on the roads and traffic signs, among others. These lights have the same purpose as the lights of an automobile.
Read the full report with table of contents: https://www.expertmarketresearch.com/reports/bicycle-lights-market
On the basis of type, the market can be split into:
Based on application type, market divisions include:
The market, based on product, can be categorized into:
Low cost battery lights
On the basis of sales channel, the market can be divided into:
Regional markets for bicycle lights include:
Middle East and Africa
The boom in the global bicycle lights market is supported by the growing demand for LED lights to enhance the power of taillights. LED lamps are easy to use, can be recharged and are much easier to install, due to which they are becoming more and more popular, thus contributing to the growth of the market.
Additionally, the growing preference for compact and small LED lights can also be linked to the growing popularity of lightweight bikes to increase bike performance. The market is further expected to be driven by the preference and introduction of lights that eliminate glare for other vehicles on the road.
Main market players
The major market players are Augusta Benelux BV, CatEye Co., Ltd., Blitzu, Knog Pty Ltd, Lezyne USA Inc., NiteRider Technical Lighting, Serfas Inc., Trek Bicycle Corporation, Topeak Inc., and Giant Manufacturing Co. Ltd. , among others.
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Aspartame market: https://www.expertmarketresearch.com/reports/aspartame-market
Indian coconut oil market: https://www.expertmarketresearch.com/reports/india-coconut-oil-market
Plastic cups market: https://www.expertmarketresearch.com/reports/plastic-cups-market
Data Integration and Integrity Software Market: https://www.expertmarketresearch.com/reports/data-integration-and-integrity-software-market
Loudspeaker Drivers Market: https://www.expertmarketresearch.com/reports/speaker-driver-market
Carbon fiber market: https://www.expertmarketresearch.com/reports/carbon-fiber-market
Cell Expansion Market: https://www.expertmarketresearch.com/reports/cell-expansion-market
Lithium-ion battery companies: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies
Expert Market Research (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The customer base ranges from Fortune 1000 companies to small and medium-sized businesses.
EMR customizes syndicated reports based on client requirements and expectations. The company is active in more than 15 leading industry fields, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture and chemical products. pharmaceuticals, among others.
Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.