Bicycle Light Market Worth 400 Million USD and reaching at 8.3% CAGR by 2024

Bicycle Lights Market 2019-2024

Bicycle Lights are useful when intending on cycling after dark. It’s a legal requirement to have a white light at the front and a red and the rear, and it’s dangerous to ride without them. Besides, bicycle light is also considered a sensible idea to use a beam in the day time too, to aid visibility.
In the last several years, the global market of Bicycle Lights developed rapidly as the legal requirements. In 2016, the global actual sales are about 15 million units.

The global average price of Bicycle Lights is in the increasing trend, from 14.2 USD/unit in 2012 to 15.23 USD/unit in 2016. With the situation of global economy, prices will be an increasing trend in the following five years.

Europe region is the largest consumption market of Bicycle Lights, with a sales market share nearly 36.34% in 2016. North America is the second largest consumer market of Bicycle Lights, enjoying sales market share nearly 28.08% in 2016.

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Market concentration degree is not high. The top 5 players just account for nearly 30% market share. While there are thousands of players with a small shipment.

According to this study, over the next five years, the Bicycle Lights market will register an 8.3% CAGR in terms of revenue, the global market size will reach US$ 400 million by 2024, from US$ 250 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Bicycle Lights business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Bicycle Lights market by product type, application, key manufacturers and key regions and countries.

This study considers the Bicycle Lights value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Headlight
Taillight

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Mountain Bicycle
Road Bicycle
Commuting Bicycle

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

CatEye
SIGMA Elektro
Blackburn
Serfas
Bright Eyes
Knog
Giant
Exposure Lights
Topeak
Trek Bicycle
TRELOCK
Blitzu
LIGHT & MOTION
Planet Bike
NiteRider
Moon Sport
Magicshine
Spanninga Bicycle Components
Shenzhen Niteye
BBB Cycling
Ferei
Fenix
Reelight

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Bicycle Lights consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Bicycle Lights market by identifying its various sub-segments.
Focuses on the key global Bicycle Lights manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Bicycle Lights with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Bicycle Lights submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Customization of this Report can be done as per the client’s requirement.

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