Bicycle Lights Market By Technology (LED, Halogen, Xenon), By MountingType (Head light, Tail light), By Bicycle Type (Conventional, Electric), By Application (Commuting Bicycle, Off-Road Bicycle, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Bicycle lights are equipped to the bicycles to improve the visibility of bicycle as well as its rider to other motorists during day time and night time. Bicycle cycle lights comes in variety of types ranging from regular bulb variants to LED variants and dynamo powered lights. Bicycle lights comprise front lights, flashing lights, rear lights, rear reflectors and others. Moreover, these lights also reduce the chances of road fatalities as these lights make bicycle and rider visible to other riders on road. Furthermore, several different types of bicycles lights available in the market comprise LED lights, halogen lights, battery-powered lights, rechargeable lights, and others.
Key players operating in the bicycle lights market are introducing several new headlights for bicycles in the market, which is boosting the growth of the market. For instance, in August 2022, Outbound Lighting introduced its new handlebar-mounted bicycle light “Detour”. Detour is developed by Outbound Lighting’s Chicago-based engineering team. In addition, detour light can be secured onto 35 mm to 31.9 mm handlebars. Moreover, detour is specifically designed for gravel riding, road riding, and commuting. Furthermore, detour bicycle light retails for $179 and is available through Outbound lighting website.
Bicycles are less expensive as compared with motorcycles and cars, and do not require license. Rapid urbanization and less preference of consumers to use cars due to increased traffic congestion are anticipated to offer lucrative opportunities for market expansion. In addition, governments of various countries focus on the development of infrastructure for bicycles, including bicycle tracks and public charging stations to encourage commuters for adoption of bicycles as well as electric bicycles. For instance, in June 2020, Pittsburgh unveiled a 10-year plan to significantly expand bike infrastructure in the city by more than 120 miles of new trails, bicycle lanes and other street improvements. In addition, Sanyo (Japan) opened two solar parking lots in Tokyo where around 100 electric bicycles can be recharged from solar panels. Such developments encourage people to pursue cycling for leisure and fitness purpose instead of considering bicycles only for daily commute, thereby resulting in increased demand for bicycles and electric bicycles, which in turn will fuel bicycle lights sales.
The bicycle lights market is segmented on the basis of technology, mounting type, bicycle type, application, and region. By technology, it is fragmented into LED, halogen, and xenon. By mounting type, it is categorized into headlight, and taillight. By bicycle type, it is classified into conventional and electric. By application, it is segmented into commuting bicycle, off-road bicycle and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the report includes BBB Cycling, Cateye Co., Ltd., Cygolite Co, Gaciron Technology, Garmin Ltd., Lezyne USA Inc, Lord Benex International Co., Ltd, Lupine Lighting Systems GmbH, Princeton Tec, and Trek Bicycle Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bicycle lights market analysis from 2021 to 2031 to identify the prevailing bicycle lights market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the bicycle lights market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global bicycle lights market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
LED
Halogen
Xenon
By MountingType
Head light
Tail light
By Bicycle Type
Conventional
Electric
By Application
Commuting Bicycle
Off-Road Bicycle
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Cateye Co., Ltd.
Cygolite Co
Gaciron Technology
Trek Bicycle Corporation
Garmin Ltd.
BBB Cycling
Lupine Lighting Systems GmbH
Lezyne USA Inc
Princeton Tec
Lord Benex International Co., Ltd
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