Bicycle Lights Market Size, Share, Value, Growth, Analysis, Outlook, Report, Forecast 2022-2027

bicycle lights market

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:

Lighthouse
Taillight

Based on application type, market divisions include:

Mountain bike
commuter bike
Road bike

The market, based on product, can be categorized into:

LED lamps
Low cost battery lights
Flashlights
Halogen lamps
HID lights
Incandescent lamps
Others

On the basis of sales channel, the market can be divided into:

Online stores
Offline stores

Regional markets for bicycle lights include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market trends

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.

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