Bicycle Lights Market
PUBLISHED: 2024 ID: SMRC27859
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Bicycle Lights Market

Bicycle Lights Market Forecasts to 2030 - Global Analysis By Type (Front Lights, Rear Lights, Combination Lights, Reflectors, and Other Types), Battery Type, Distribution Channel, Technology, Design, Application, End User and By Geography

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4.4 (71 reviews)
Published: 2024 ID: SMRC27859

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Bicycle Lights Market is accounted for $406.27 million in 2024 and is expected to reach $735.58 million by 2030 growing at a CAGR of 10.4% during the forecast period. Bicycle lights are lighting fixtures that are usually put on a bicycle's front, back, or wheels with the aim of improving cyclists' visibility and safety. These lights usually consist of red rear lights for visibility and white front lights for lighting. Bicycle lights, which can be LED or halogen and are frequently installed on the handlebars, frame, or back, are powered by batteries or dynamo systems. They are necessary for both enhancing a cyclist's visibility to other drivers and adhering to traffic safety regulations.

According to research conducted among British bike commuters, 40% ride to work for health, 30% due to surging fuel prices, and 7% to lower their environmental impact.

Market Dynamics: 

Driver: 

Growing popularity of cycling for commuting and recreation

Bicycle lights and other appropriate safety features are becoming more and more necessary as more people choose riding as an environmentally responsible and sustainable form of transportation, especially in cities. To avoid accidents, cyclists need visibility, particularly in low light, late at night, and early in the morning. Furthermore, safety and visibility are top priorities for recreational cyclists who like riding at night, which fuels the need for cutting-edge lighting solutions. The rising awareness of road safety and government laws mandating lights for night time cycling are further factors driving this trend.

Restraint:

Short battery life and charging issues

The user experience of bicycle lights can be greatly impacted by short battery life and charging problems, which can also impede market expansion. Cycling plans may be disrupted by frequent recharging, particularly during lengthy rides or late-night commuting. Furthermore, poor charging systems may cause unplanned power outages, endangering safety, especially in dimly lit areas. Manufacturers are concentrating on creating high-capacity batteries, effective charging systems, and robust charging connections in order to overcome these obstacles and give cyclists hassle-free charging experiences.

Opportunity:

Rising demand for multi-function and smart bicycle lights

Bicycle light market trends are being greatly influenced by the growing demand for smart and multipurpose bicycle lights. Cyclists are seeking for more convenience and safety features as riding is becoming increasingly popular as a way to commute and have fun. Riders benefit from increased visibility and safety due to multi-function lights, which frequently have features like turn signals, brake lights, and integrated sensors. Users may adjust settings and keep an eye on battery life using smart bicycle lights that connect to smartphone apps. Smart bicycle lights are now considered necessary additions in contemporary cycling culture, driven by rising road safety awareness and a demand for creative solutions that enhance the riding experience.

Threat:

Battery disposal and environmental concerns

Many bicycle lights use disposable batteries, which can damage ecosystems and cause pollution if not disposed of properly. Non-rechargeable batteries can leak harmful substances like heavy metals into the environment if they are disposed of improperly. Manufacturers are facing increasing pressure to provide more environmentally friendly products as governments and customers place a higher priority on sustainability. Stricter laws and a decline in the market for non-sustainable goods may result from the environmental effects of battery waste as well as the carbon footprint of production and disposal.

Covid-19 Impact

The COVID-19 epidemic had a major effect on the market for bicycle lights because it increased bicycle utilization as people opted for outdoor activities and alternate modes of transportation. Bicycle sales increased as a result of people using bicycles for exercise and commuting as a result of growing health and fitness consciousness. Since safety became a top concern for cyclists navigating urban environments, this growth had a direct impact on the demand for bicycle lights. Furthermore, the epidemic spurred investments in bicycle infrastructure, which increased the demand for dependable lighting options. Because of these changing consumer habits, the market for bicycle lighting is anticipated to keep growing in the post-pandemic environment.

The front lights segment is expected to be the largest during the forecast period

The front lights segment is estimated to be the largest, due to improved safety and visibilities are necessary, particularly for cyclists who ride at night or in low light. Riders can navigate securely and be visible by others due to front lights that illuminate the road ahead. The demand for dependable and strong front lights has increased due to the growing use of cycling as a mode of transportation and leisure, as well as the expansion of urban cycling infrastructure. The need for front lights that are longer-lasting, brighter, and use less energy is further fuelled by technological developments in LED lighting.

The commuter cycling segment is expected to have the highest CAGR during the forecast period

The commuter cycling segment is anticipated to witness the highest CAGR during the forecast period, due to cycling is becoming a more viable and effective form of transportation as cities get more crowded and air pollution gets worse. Bicyclists depend on high-quality bicycle lights to protect their safety throughout commutes, particularly in the early morning and late evening. By making riders more visible to drivers and pedestrians, these lights also make it easier for cyclists to safely maneuver through traffic. Bicycle lights that are dependable and efficient are becoming more and more in demand as commuting cycling gains popularity.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to fast urbanization, the increasing acceptance of riding a bicycle for commuting, and government programs encouraging environmentally friendly modes of transportation. Bicycle lights are becoming more and more popular as a result of growing concerns about road safety, particularly in crowded locations. Furthermore, high-quality illumination is becoming more widely available due to developments in LED technology and reasonable prices. The requirement for dependable lighting solutions is further accelerated by the development of cycling infrastructure in nations like China, India, and Japan, which supports regional market expansion.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, owing to the need for high-quality bicycle lights is being driven by the growing acceptance of riding as a recreational activity and a means of transportation, as well as a strong focus on safety. Furthermore, the popularity of electric and e-bikes has raised need for strong and dependable lighting options. In addition, the market for bicycle lights in North America is expanding due to government programs that encourage cycling and rising awareness of the advantages cycling has for the environment.

Key players in the market

Some of the key players profiled in the Bicycle Lights Market include Cygolite, Lezyne, CatEye, Knog, Exposure Lights, Blackburn Design, Moon Lights, Serfas, Smart Lunar, Gemini Lights, Princeton Tec, Lupine Lighting Systems, NiteRider, Beryl, Sigma Sport, Light and Motion, Planet Bike, USBREATH, and Olight Technology.

Key Developments:

In April 2022, Sigma Sport launched the Buster 2000 HL, a front light offering up to 2000 lumens for off-road cycling. The light is ideal for mountain bikers and those who require maximum visibility in both daylight and night-time riding.

In February 2022, Lezyne launched the Macro Drive 1300XXL, a powerful front light offering 1300 lumens of brightness. It features a longer battery life and various light modes for different cycling needs, aimed at enhancing both commuter and recreational cycling safety.

In October 2020, The Dayblazer 1100 from Blackburn is a 1100-lumen front light optimized for high visibility during both day and night rides. It features wide-angle illumination to improve safety in urban environments and USB-rechargeable functionality.

Types Covered:
• Front Lights
• Rear Lights
• Combination Lights
• Reflectors
• Other Types

Battery Types Covered:
• Rechargeable Battery Lights
• Disposable Battery Lights
• Integrated Battery Systems

Distribution Channels Covered:
• Online Retailers
• Specialty Bicycle Stores
• Supermarkets and Hypermarkets
• Direct Sales

Technologies Covered:
• LED Bicycle Lights
• Halogen Bicycle Lights
• Luminous Bicycle Lights
• Solar-Powered Bicycle Lights

Designs Covered:
• Clip-On Lights
• Integrated Lights
• Helmet-Mounted Lights

Applications Covered:
• Commuter Cycling
• Mountain Biking
• Road Cycling
• Touring and Leisure Cycling
• Other Applications

End Users Covered:
• Individual Cyclists
• Cycling Professionals
• Rental Services
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile 

o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface  
       
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Technology Analysis       
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Bicycle Lights Market, By Type       
 5.1 Introduction        
 5.2 Front Lights        
 5.3 Rear Lights        
 5.4 Combination Lights        
 5.5 Reflectors        
 5.6 Other Types        
           
6 Global Bicycle Lights Market, By Battery Type      
 6.1 Introduction        
 6.2 Rechargeable Battery Lights       
 6.3 Disposable Battery Lights       
 6.4 Integrated Battery Systems       
           
7 Global Bicycle Lights Market, By Distribution Channel     
 7.1 Introduction        
 7.2 Online Retailers        
 7.3 Specialty Bicycle Stores       
 7.4 Supermarkets and Hypermarkets      
 7.5 Direct Sales        
           
8 Global Bicycle Lights Market, By Technology      
 8.1 Introduction        
 8.2 LED Bicycle Lights        
 8.3 Halogen Bicycle Lights       
 8.4 Luminous Bicycle Lights       
 8.5 Solar-Powered Bicycle Lights       
           
9 Global Bicycle Lights Market, By Design       
 9.1 Introduction        
 9.2 Clip-On Lights        
 9.3 Integrated Lights        
 9.4 Helmet-Mounted Lights       
           
10 Global Bicycle Lights Market, By Application      
 10.1 Introduction        
 10.2 Commuter Cycling        
 10.3 Mountain Biking        
 10.4 Road Cycling        
 10.5 Touring and Leisure Cycling       
 10.6 Other Applications        
           
11 Global Bicycle Lights Market, By End User      
 11.1 Introduction        
 11.2 Individual Cyclists        
 11.3 Cycling Professionals       
 11.4 Rental Services        
 11.5 Other End Users        
           
12 Global Bicycle Lights Market, By Geography      
 12.1 Introduction        
 12.2 North America        
  12.2.1 US        
  12.2.2 Canada        
  12.2.3 Mexico        
 12.3 Europe         
  12.3.1 Germany        
  12.3.2 UK        
  12.3.3 Italy        
  12.3.4 France        
  12.3.5 Spain        
  12.3.6 Rest of Europe       
 12.4 Asia Pacific        
  12.4.1 Japan        
  12.4.2 China        
  12.4.3 India        
  12.4.4 Australia        
  12.4.5 New Zealand       
  12.4.6 South Korea       
  12.4.7 Rest of Asia Pacific       
 12.5 South America        
  12.5.1 Argentina       
  12.5.2 Brazil        
  12.5.3 Chile        
  12.5.4 Rest of South America      
 12.6 Middle East & Africa       
  12.6.1 Saudi Arabia       
  12.6.2 UAE        
  12.6.3 Qatar        
  12.6.4 South Africa       
  12.6.5 Rest of Middle East & Africa      
           
13 Key Developments         
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 13.2 Acquisitions & Mergers       
 13.3 New Product Launch       
 13.4 Expansions        
 13.5 Other Key Strategies       
           
14 Company Profiling         
 14.1 Cygolite         
 14.2 Lezyne         
 14.3 CatEye         
 14.4 Knog         
 14.5 Exposure Lights        
 14.6 Blackburn Design        
 14.7 Moon Lights        
 14.8 Serfas         
 14.9 Smart Lunar        
 14.10 Gemini Lights        
 14.11 Princeton Tec        
 14.12 Lupine Lighting Systems       
 14.13 NiteRider        
 14.14 Beryl         
 14.15 Sigma Sport        
 14.16 Light and Motion        
 14.17 Planet Bike        
 14.18 USBREATH        
 14.19 Olight Technology        
           
List of Tables          
1 Global Bicycle Lights Market Outlook, By Region (2022-2030) ($MN)    
2 Global Bicycle Lights Market Outlook, By Type (2022-2030) ($MN)    
3 Global Bicycle Lights Market Outlook, By Front Lights (2022-2030) ($MN)    
4 Global Bicycle Lights Market Outlook, By Rear Lights (2022-2030) ($MN)    
5 Global Bicycle Lights Market Outlook, By Combination Lights (2022-2030) ($MN)   
6 Global Bicycle Lights Market Outlook, By Reflectors (2022-2030) ($MN)    
7 Global Bicycle Lights Market Outlook, By Other Types (2022-2030) ($MN)    
8 Global Bicycle Lights Market Outlook, By Battery Type (2022-2030) ($MN)   
9 Global Bicycle Lights Market Outlook, By Rechargeable Battery Lights (2022-2030) ($MN)  
10 Global Bicycle Lights Market Outlook, By Disposable Battery Lights (2022-2030) ($MN)  
11 Global Bicycle Lights Market Outlook, By Integrated Battery Systems (2022-2030) ($MN)  
12 Global Bicycle Lights Market Outlook, By Distribution Channel (2022-2030) ($MN)   
13 Global Bicycle Lights Market Outlook, By Online Retailers (2022-2030) ($MN)   
14 Global Bicycle Lights Market Outlook, By Specialty Bicycle Stores (2022-2030) ($MN)  
15 Global Bicycle Lights Market Outlook, By Supermarkets and Hypermarkets (2022-2030) ($MN)  
16 Global Bicycle Lights Market Outlook, By Direct Sales (2022-2030) ($MN)    
17 Global Bicycle Lights Market Outlook, By Technology (2022-2030) ($MN)    
18 Global Bicycle Lights Market Outlook, By LED Bicycle Lights (2022-2030) ($MN)   
19 Global Bicycle Lights Market Outlook, By Halogen Bicycle Lights (2022-2030) ($MN)   
20 Global Bicycle Lights Market Outlook, By Luminous Bicycle Lights (2022-2030) ($MN)  
21 Global Bicycle Lights Market Outlook, By Solar-Powered Bicycle Lights (2022-2030) ($MN)  
22 Global Bicycle Lights Market Outlook, By Design (2022-2030) ($MN)    
23 Global Bicycle Lights Market Outlook, By Clip-On Lights (2022-2030) ($MN)   
24 Global Bicycle Lights Market Outlook, By Integrated Lights (2022-2030) ($MN)   
25 Global Bicycle Lights Market Outlook, By Helmet-Mounted Lights (2022-2030) ($MN)  
26 Global Bicycle Lights Market Outlook, By Application (2022-2030) ($MN)    
27 Global Bicycle Lights Market Outlook, By Commuter Cycling (2022-2030) ($MN)   
28 Global Bicycle Lights Market Outlook, By Mountain Biking (2022-2030) ($MN)   
29 Global Bicycle Lights Market Outlook, By Road Cycling (2022-2030) ($MN)   
30 Global Bicycle Lights Market Outlook, By Touring and Leisure Cycling (2022-2030) ($MN)  
31 Global Bicycle Lights Market Outlook, By Other Applications (2022-2030) ($MN)   
32 Global Bicycle Lights Market Outlook, By End User (2022-2030) ($MN)    
33 Global Bicycle Lights Market Outlook, By Individual Cyclists (2022-2030) ($MN)   
34 Global Bicycle Lights Market Outlook, By Cycling Professionals (2022-2030) ($MN)   
35 Global Bicycle Lights Market Outlook, By Rental Services (2022-2030) ($MN)   
36 Global Bicycle Lights Market Outlook, By Other End Users (2022-2030) ($MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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