Global Bicycle Lights Market Size study & Forecast, by Technology (LED, Halogen, Xenon) by Mounting Type (Head light, Tail light), by Bicycle Type (Conventional, Electric), by Point of Sale (E-commerce, Retail Shops), and Regional Analysis, 2022-2029

Global Bicycle Lights Market Size study & Forecast, by Technology (LED, Halogen, Xenon) by Mounting Type (Head light, Tail light), by Bicycle Type (Conventional, Electric), by Point of Sale (E-commerce, Retail Shops), and Regional Analysis, 2022-2029

Global Bicycle Lights Market is valued at approximately USD 305.4 million in 2021 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2022-2029. Bicycle lights are the type of lights that are fixed to bicycles to increase the visibility of the bicycle and its rider to other road users in low ambient light. Additionally, it lights reflecting objects like traffic signs. Powerful lights are necessary for mountaineering and adventure, which helped to increase sales of powerful bike lights in an area where climbing expeditions are common. Additionally, many nations mandate that bicycles be equipped with one or more lights at night. The market growth is poised to be driven by the rising government focus on building cycling infrastructure and favorable regulations, surge in traffic congestion and increasing urbanization around the world.

The growing awareness regarding the adoption of e-bikes are driving the market growth across the globe. According to Statista, it was estimated that the global market for electric bicycles was worth around USD 26.73 billion. Also, it is projected that the demand for e-bikes is on the rise and likely to reach USD 53.53 billion by the year 2027. Moreover, according to the All-India Cycle Manufacturers' Association the bicycle sales climbed by more than 25% in June 2021 compared to the same month in 2019, which exhibits that the sales of standard road bikes and high-end workout bicycles have increased. Consequentially, the surging demand for bicycles in the global market is exhibiting a positive influence on the demand of bicycle lights at a substantial rate. Furthermore, growing environmental concerns among the public, as well as rising initiatives by key market players are creating various lucrative opportunities for the market growth over the forecasting years. However, lack of current biking infrastructure stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bicycle Lights Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominated the market in terms of revenue, owing to the growing focus on maintaining rider safety and the rise in the use of e-bike adoption equipped with bicycle lights. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rise in environmental concerns, increasing government initiatives to promote cycling, as well as the growing demand for bicycles in the regional market.

Major market players included in this report are:
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

Recent Developments in the Market:
 In May 2022, Princeton Tec introduced the Remix Ultraviolet (UV) headlamps that is designed for HVACR fluorescent leak detection. It is created with a reliable single-arm bracket that is asymmetrical and easily accessible battery door enclosure. It features a push-button design with three Ultra bright, high-intensity UV LEDs and a strong Max bright White LED.
 In May 2022, Garmin introduced the “Varia RCT715” rearview radar-activated tail light with a built-in camera. The built-in camera continually observes the surroundings during a ride and instantly stores video if an incident is detected.
 In May 2022, Dinotte lighting launched a new Quad taillight with a built-in battery. The product includes compact structure by utilizing a lithium polymer battery, which offers a small design and offers 50% faster charging, 50% more illumination, and 25% longer runtime.

Global Bicycle Lights Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, Mounting Type, Bicycle Type, Point of Sale, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Technology:
LED
Halogen
Xenon
By Mounting Type:
Head light
Tail light
By Bicycle Type:
Conventional
Electric
By Point of Sale:
E-commerce
Retail Shops
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World



Companies Mentioned

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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