Bicycle Lights Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Bicycle lights and reflectors are regarded a must-have for all riders, especially those who love to ride at night. When there is less light and visibility, bicycle lights are required. Mountaineering and adventure cycling is a growing activity these days, and bicycle riders need lights such front bike lights, rear bike lights, straps and reflectors, and spoke lights. Various laws around the world require the installation of lights and reflectors on bicycles, as well as their proper arrangement. The Road Vehicles Illumination Regulations 1989 (as revised in 1994 and 2005), sometimes abbreviated as RVLR, governs bicycle lighting.

MARKET DYNAMICS

Cycling has grown in popularity as a sport and fitness activity in recent years as a result of changing lifestyles and increased awareness of its health advantages, resulting in a wide range of technically advanced bicycles with features such as lights and reflectors for riders' convenience. These advantages have boosted the number of purchasers who see bicycles as a cost-effective and environmentally friendly means of transportation. Another factor driving the growth of the bicycle lights and reflectors market is the rise in the number of working women who are primarily concerned with the health advantages and convenience of riding a bicycle.

MARKET SCOPE

The "Global Bicycle Lights Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the bicycle lights market with detailed market segmentation by mounting type, bicycle type, distribution channel. The global bicycle lights market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bicycle lights market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global bicycle lights market is segmented into mounting type, bicycle type, distribution channel. By mounting type, the bicycle lights market is classified into headlight, rear safety lights, side safety lights. By bicycle type, the bicycle lights market is classified into road, mountain, sports. By distribution channel, the bicycle lights market is classified into supermarket and hypermarkets, speciality stores, online retail and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global bicycle lights market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The bicycle lights market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the bicycle lights market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the bicycle lights market in these regions.

MARKET PLAYERS

The report covers vital developments in the bicycle lights market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the bicycle lights market are anticipated to witness lucrative growth opportunities in the future with the rising demand for bicycle lights in the global market. Below mentioned is the list of few companies engaged in the bicycle lights market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bicycle lights market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Garmin Ltd.
  
•   Cygolite
  
•   Cateye Co., Ltd.
  
•   Goldmore Co., Ltd.
  
•   Lord Benex
  
•   Knog
  
•   NiteRider Technical Lighting Systems
  
•   Blackburn
  
•   Schwinn
  
•   Serfas
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Bicycle Lights Report Scope