Registering a CAGR of 8.7% over the forecast period of 2022-2027, the global bicycle lights market is anticipated to reach the market value of US$ 588.9 million in the year 2026 from US$ 324 million in the year 2020.
Bicycle Lights Market Overview
Because of the developing bicycle athletic culture, the growing bicycle fleet, and the increased demand for sports and mountain bicycles, rider safety and protection has become vital. Cycling lights are likely to become major accessories in the bicycle market.
Due to increased traffic and congestion, the bicycle industry has grown, resulting in a larger adoption of bicycle accessories that aid in rider safety and improve the quality of the riding experience. Bicycle accessories are predicted to become increasingly significant in the expanding bicycle industry.
Who are the Major Players in the Bicycle Lights Market?
Top Key Players in the Bicycle Lights Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Bicycle Lights Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include CatEye, SIGMA Elektro, Blackburn, Garmin Ltd., Serfas, Bright Eyes, Knog, Giant, Exposure Lights, Topeak, Trek Bicycle, TURLOCK, Blitzu, LIGHT & MOTION, Planet Bike, NiteRider, Moon Sport, Magicshine, Spanninga Bicycle Components, Shenzhen Niteye, BBB Cycling, Ferei, Fenix, Reelight and others.
Industry News and Updates:
Fenix Launches BC26R, Remarkable Bicycle Light Seems To Illuminate For Ever
March 22, 2022-Fenixlight Limited, a professional provider of mobile lighting tools for more than 20 years in the lighting industry, introduced Fenix BC26R, an ultra-bright rechargeable bicycle light that offers up to 1,600 lumens and features 65 hours maximum runtime (50 lumens), for high-intensity and long-distance cycling users.
What are the major Applications, Types, and Regions of the Bicycle Lights Market?
By Type, Bicycle Lights Market has been segmented into
By Applications, Bicycle Lights Market has been segmented into
- Mountain Bicycle
- Road Bicycle
- Commuting Bicycle
Bicycle Lights Market Regional Analysis:
The market for bicycle lights is divided into four regions: North America, Europe, Asia Pacific, and the rest of the globe. In terms of both volume and revenue, Asia Pacific dominates the global market. Emerging economies like India and China are key contributors to the world's largest bicycle market. Increased urbanisation, worsening traffic congestion, and a high rate of young people in this region are all contributing to the region's high demand for bicycles, which will ultimately boost the bicycle light industry.
Because of the growing bicycle fleet and favourable government regulations to encourage cycling, Europe has the second greatest share of the worldwide market. The annual income from bicycle tourism is fast expanding in France and Germany, for example, due to increased infrastructure and development of bicycle lanes and tracks, which is predicted to raise revenue rates in the near future. As a result, tourism activities provide enormous prospects for the global light bicycle industry. North America is predicted to rise significantly during the projection period, owing to increased tourism and numerous government rules prohibiting riding on public roads without lights at night.
What is our Bicycle Lights Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 8.7% over the forecast period (2022-2027)
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By Type
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By Application
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- Mountain Bicycle
- Road Bicycle
- Commuting Bicycle
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By Companies
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CatEye, SIGMA Elektro, Blackburn, Garmin Ltd., Serfas, Bright Eyes, Knog, Giant, Exposure Lights, Topeak, Trek Bicycle, TURLOCK, Blitzu, LIGHT & MOTION, Planet Bike, NiteRider, Moon Sport, Magicshine, Spanninga Bicycle Components, Shenzhen Niteye, BBB Cycling, Ferei, Fenix, Reelight
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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137
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Bicycle Lights Report
- Evaluate Bicycle Lights market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Bicycle Lights market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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Who are the key players in Bicycle Lights Market?
CatEye, SIGMA Elektro, Blackburn, Garmin Ltd., Serfas, Bright Eyes, Knog, Giant, Exposure Lights, Topeak, Trek Bicycle, TURLOCK, Blitzu, LIGHT & MOTION, Planet Bike, NiteRider, Moon Sport, Magicshine, Spanninga Bicycle Components, Shenzhen Niteye, BBB Cycling, Ferei, Fenix, Reelight
What regions does this Bicycle Lights Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Bicycle Lights Market?
Headlight, Taillight
What are the major end-use applications of the Bicycle Lights Market?
Mountain Bicycle, Road Bicycle, Commuting Bicycle
OthersAll our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
