Bicycle Lights Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Bicycle Lights Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Bicycle Lights Market

The Bicycle Lights market size was valued at368.0 billion in 2023, and the market is now projected to grow from 395.9 billion in 2024 to USD 757.7 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period of 2023-2030.

The COVID-19 pandemic brought on the adoption of many unheard of measures to sluggish down the unfold of the virus. Such measures considerably impacted the complete transportation gadget and people’ tour behaviors. Consequently, the bicycle name for has been affected positively in the direction of the pandemic.

The biking infrastructure includes many accommodations to enhance bicycling and scootering on roads. It additionally presents motorbike racks, changing rooms, lockers, safe haven, showers, safe haven, site visitors symptoms, and usual urban design to facilitate bicycle commuting routes. Municipal governments international are an increasing number of helping biking as a way of transportation to minimize visitors congestion, reduce air pollution, and encourage energetic life. This results in Bicycle Lights market growth.

The rise in global gas fees, pollution, and placement site visitors congestion, in particular in metropolitan areas, has elevated the appeal of electric bicycles on every continent. In addition, electric powered bicycles have received enormous hobby from numerous governments as dependable and inexperienced each day commute vehicles, which assist reduce the carbon footprint.

Comprehensive Analysis of Bicycle Lights Market

The Bicycle Lights market is rising at an exponential charge due to its marketplace segmentation. Based on voltage, market is segmented into up to 12 V, 36 V, and 48 V. Based on mounting type, the market is divided into taillight and headlight. Based on sales point, the market is categorized into retail and online (e-commerce). Based on technology, the market is divided into conventional and electric.

Europe has the largest Bicycle Lights market share. Europe holds the largest market function as many daily shuttle bicycles include business enterprise-fitted bicycle lighting. Also, e-bike adoption is highest in Europe and most e-bikes are equipped with lighting fixtures. There are several other countires in Europe that have made it compulsory for each bicycle sold to be equipped with bicycle lighting fixtures.

The top players in the market play a crucial role in the Bicycle Lights industry assuring industrial prospectus growth and setting market standards. These players include, BBB Cycling (Netherlands), Knog (Australia), Lupine Lightning Systems (Germany), Princeton Tec. (U.S.), Dinotte Lighting (U.S.), Garmin (Switzerland), Lezyne (U.S.), Trek Bicycle Corporation (U.S.), Kryptonite (U.S.), and Cygolite (U.S.).

In April 2023, Garmin announced its first rearview radar and tail light made especially for e-motorcycle riders, referred to as Varia eRTL615. The eRTL615 plugs right into a like minded eBike1 and might help come across approaching motors through delivering visual and audible signals whilst paired with choose Garmin gadgets or the Varia app on a like minded phone.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.4% from 2024 to 2032

Unit Value (USD Million)

Segmentation

By Voltage

Up to 12 V

36 V

48 V

By Mounting Type

Headlight

Taillight

By Sales Point

Online

Retail

By Technology

Conventional

Electric

By Region

North America (By Voltage, By Mounting Type, By Sales Point, By Technology Type)

- U.S. (By Technology Type)

- Canada (By Technology Type)

- Mexico (By Technology Type)

Europe (By Voltage, By Mounting Type, By Sales Point, By Technology Type)

- U.K. (By Technology Type)

- Germany (By Technology Type)

- France (By Technology Type)

- Rest of Europe (By Technology Type)

Asia Pacific (By Voltage, By Mounting Type, By Sales Point, By Technology Type)

- Japan (By Technology Type)

- China (By Technology Type)

- India (By Technology Type)

- South Korea (By Technology Type)

- Rest of Asia Pacific (By Technology Type)

Rest of the World (By Voltage, By Mounting Type, By Sales Point, By Technology Type)


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