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From 2024–2031, the worldwide market for bicycle lights is projected to grow from an initial value of $292 million to $318 million, a compound annual growth rate (CAGR) of 10.0%.
Bicycle lights are rapidly becoming an essential component of the bicycle accessory market, thanks to the increasing demand for bicycles for both recreational and competitive riding. Rider safety is now paramount due to the ever-increasing number of bicycle fleets that provide riders with protection and enhance the riding experience. During the forecast period, the key players operating in the global bicycle lights market are expected to generate tremendous income as the demand for bicycle lights continues to rise among riders, driven by the rising construction of cycling infrastructure worldwide.
In low-light conditions, cyclists and their bikes are more visible to other road users when equipped with bicycle lights. It reveals reflecting objects, such road signs, as well. Mountaineering and adventure activities necessitate powerful lighting. Because of this, high-powered bike lights became more popular in an area where climbing trips are common. In addition, many nations mandate the use of bicycle lights when riding at night. Similar to how motorcycles and cars are required to have red taillights and white front lights, several countries have restrictions regarding bike lighting.
The exponential rise of the bicycle market during the COVID-19 period is directly correlated with the growth of the bicycle lights market. Bicycle demand skyrocketed due to increasing urbanization, public concern for the environment, and traffic congestion. Additionally, many took up cycling as a means of transportation and exercise after the epidemic brought attention to the significance of health and fitness. In the end, all these factors contributed to the market's rise.
The demand for mountain bikes is skyrocketing, driven by factors such as the increasing number of people participating in sports, the popularity of bicycle-related activities, and the fleet of bicycles. Riders nowadays are seeking protection and safety measures because to the heavy traffic and congestion on the roads. Since bicycle lights improve the rider's safety and enjoyment of the ride, their demand is only going to rise. As a result, bicycle lights are poised to become a significant player in the cycling accessory market. More than a third of worldwide sales will come from East Asia by the end of 2023, keeping the region at the top of the bicycle light market, according to the most recent FMI data. From 2023 to 2032, the headlight category is projected to see robust volume growth, broken down by mounting type.
There is a vast array of technologically advanced bicycles with features like lights and reflectors for the comfort of riders due to the rising popularity of cycling as a sport and fitness activity in recent years, which is a consequence of changing lifestyles and heightened knowledge of its health benefits. The number of people buying bicycles has increased because of these benefits, which make them an attractive, eco-friendly, and economical mode of transportation. Bike lights and reflectors are becoming more popular due to the increasing number of working women who are mainly concerned with the health benefits and ease of riding a bicycle.
Sales of bicycle lights are expected to soar over the projected time frame, driven by the growing use of bicycles for day trips and sporting events. An uptick in bicycle tourism, as well as recreational riding for sports and day trips, will drive up demand for bicycles and bike lighting in the coming years. An example of this would be the 460 million leisurely cycling day rides that took place in Germany in 2020. Promoting the Advantages of Bicycling In 2031, 55 million people will lose their lives each year as a result of NCDs, according to the World Health Organization (WHO). Cycling reduces the chance of acquiring a number of health conditions by boosting fitness and lowering stress. Benefits to health from cycling for about an hour in areas with low pollution levels (PM2.5 50–60 g/m3) have been well-documented.
Electric bicycles have grown in popularity across all continents as a result of rising gas prices, pollution, and traffic congestion, especially in urban areas. Also, many governments are looking at electric bicycles as a way to lessen their citizens' impact on the environment through their everyday commutes because of how dependable and efficient they are. In response to growing public awareness of the risks associated with operating vehicles powered by fossil fuels, governments around the globe are promoting the use of electric bikes, automobiles, and bicycles in an effort to reduce carbon emissions. On top of that, e-bikes were subsidized and tax breaks were extended by the government. In the future, this is also expected to drive demand for the product. One example is the electric vehicle (EV) incentive scheme that is still in place for Vermonters and the new programs for electric bikes and cars that were launched in May 2023. Approximately 40% of the state's carbon emissions are currently attributed to the transportation industry. A highly successful e-bike rebate program was also introduced in Colorado and Denver.
Report Coverage
Global Bicycle Lights research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bicycle Lights report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bicycle Lights competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bicycle Lights market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bicycle Lights market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bicycle Lights market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Garmin Ltd., Cygolite, Cateye Co., Ltd., GACIRON, Goldmore Co., Ltd., Lord Benex, Knog, Smart Bike Light, NiteRider Technical Lighting Systems, Blackburn, Schwinn, Serfas, Lezyne, Sense., LEDbyLIT.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bicycle Lights market based on the below-mentioned segments:
Global Bicycle Lights Market, By Type
Front Light
Tail Light
Spoke Light
Frame Light
Global Bicycle Lights market, By Application
Road Bicycle
Mountain Bicycle
Hybrid Bicycle
Folding Bicycle
Others
Global Bicycle Lights Market, By Product
Battery Operated
USB Operated
Dynamo Lights
LED Lights
Others
Global Bicycle Lights market, Regional Analysis
Bicycle lights are rapidly becoming an essential component of the bicycle accessory market, thanks to the increasing demand for bicycles for both recreational and competitive riding. Rider safety is now paramount due to the ever-increasing number of bicycle fleets that provide riders with protection and enhance the riding experience. During the forecast period, the key players operating in the global bicycle lights market are expected to generate tremendous income as the demand for bicycle lights continues to rise among riders, driven by the rising construction of cycling infrastructure worldwide.
In low-light conditions, cyclists and their bikes are more visible to other road users when equipped with bicycle lights. It reveals reflecting objects, such road signs, as well. Mountaineering and adventure activities necessitate powerful lighting. Because of this, high-powered bike lights became more popular in an area where climbing trips are common. In addition, many nations mandate the use of bicycle lights when riding at night. Similar to how motorcycles and cars are required to have red taillights and white front lights, several countries have restrictions regarding bike lighting.
The exponential rise of the bicycle market during the COVID-19 period is directly correlated with the growth of the bicycle lights market. Bicycle demand skyrocketed due to increasing urbanization, public concern for the environment, and traffic congestion. Additionally, many took up cycling as a means of transportation and exercise after the epidemic brought attention to the significance of health and fitness. In the end, all these factors contributed to the market's rise.
The demand for mountain bikes is skyrocketing, driven by factors such as the increasing number of people participating in sports, the popularity of bicycle-related activities, and the fleet of bicycles. Riders nowadays are seeking protection and safety measures because to the heavy traffic and congestion on the roads. Since bicycle lights improve the rider's safety and enjoyment of the ride, their demand is only going to rise. As a result, bicycle lights are poised to become a significant player in the cycling accessory market. More than a third of worldwide sales will come from East Asia by the end of 2023, keeping the region at the top of the bicycle light market, according to the most recent FMI data. From 2023 to 2032, the headlight category is projected to see robust volume growth, broken down by mounting type.
There is a vast array of technologically advanced bicycles with features like lights and reflectors for the comfort of riders due to the rising popularity of cycling as a sport and fitness activity in recent years, which is a consequence of changing lifestyles and heightened knowledge of its health benefits. The number of people buying bicycles has increased because of these benefits, which make them an attractive, eco-friendly, and economical mode of transportation. Bike lights and reflectors are becoming more popular due to the increasing number of working women who are mainly concerned with the health benefits and ease of riding a bicycle.
Sales of bicycle lights are expected to soar over the projected time frame, driven by the growing use of bicycles for day trips and sporting events. An uptick in bicycle tourism, as well as recreational riding for sports and day trips, will drive up demand for bicycles and bike lighting in the coming years. An example of this would be the 460 million leisurely cycling day rides that took place in Germany in 2020. Promoting the Advantages of Bicycling In 2031, 55 million people will lose their lives each year as a result of NCDs, according to the World Health Organization (WHO). Cycling reduces the chance of acquiring a number of health conditions by boosting fitness and lowering stress. Benefits to health from cycling for about an hour in areas with low pollution levels (PM2.5 50–60 g/m3) have been well-documented.
Electric bicycles have grown in popularity across all continents as a result of rising gas prices, pollution, and traffic congestion, especially in urban areas. Also, many governments are looking at electric bicycles as a way to lessen their citizens' impact on the environment through their everyday commutes because of how dependable and efficient they are. In response to growing public awareness of the risks associated with operating vehicles powered by fossil fuels, governments around the globe are promoting the use of electric bikes, automobiles, and bicycles in an effort to reduce carbon emissions. On top of that, e-bikes were subsidized and tax breaks were extended by the government. In the future, this is also expected to drive demand for the product. One example is the electric vehicle (EV) incentive scheme that is still in place for Vermonters and the new programs for electric bikes and cars that were launched in May 2023. Approximately 40% of the state's carbon emissions are currently attributed to the transportation industry. A highly successful e-bike rebate program was also introduced in Colorado and Denver.
Report Coverage
Global Bicycle Lights research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bicycle Lights report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bicycle Lights competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bicycle Lights market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Garmin Ltd., Cygolite, Cateye Co., Ltd., GACIRON, Goldmore Co., Ltd., Lord Benex, Knog, Smart Bike Light, NiteRider Technical Lighting Systems, Blackburn, Schwinn, Serfas, Lezyne, Sense., LEDbyLIT. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bicycle Lights Market from 2021 to 2031.
- Market Forecast for Bicycle Lights Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bicycle Lights competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bicycle Lights
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bicycle Lights market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bicycle Lights market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Garmin Ltd., Cygolite, Cateye Co., Ltd., GACIRON, Goldmore Co., Ltd., Lord Benex, Knog, Smart Bike Light, NiteRider Technical Lighting Systems, Blackburn, Schwinn, Serfas, Lezyne, Sense., LEDbyLIT.
Primary Target Market
- Market Players of Bicycle Lights
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bicycle Lights market based on the below-mentioned segments:
Global Bicycle Lights Market, By Type
Front Light
Tail Light
Spoke Light
Frame Light
Global Bicycle Lights market, By Application
Road Bicycle
Mountain Bicycle
Hybrid Bicycle
Folding Bicycle
Others
Global Bicycle Lights Market, By Product
Battery Operated
USB Operated
Dynamo Lights
LED Lights
Others
Global Bicycle Lights market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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