Global Bicycle Lights Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bicycle Lights Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bicycle Lights is a lighting device installed on bicycles to improve the visibility of cyclists to the surrounding vehicles and the visibility of cyclists to the surrounding environment when riding in the dark or under restrictive weather conditions. Bicycle Lights plays an important role in protecting the safety of cyclists.

Market Overview:

The latest research study on the global Bicycle Lights market finds that the global Bicycle Lights market reached a value of USD 556.51 million in 2022. It’s expected that the market will achieve USD 794.09 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.

Price fluctuation of raw materials

With the impact of COVID-19 epidemic on various industries and the strict blockade and restriction measures of governments all over the world, the Bicycle Lights market has also been impacted to some extent. Due to the continuous blockade, the production and operation of factories in most countries are restricted, affecting all participants in the global value chain, including the raw material suppliers of Bicycle Lights. Due to the interruption of the supply chain, many manufacturers of imported led, battery, aluminum, plastic and other materials are increasing the cost of raw materials. Affected by market supply and demand, the prices of metals, led chip and plastics have been rising continuously in recent two years, and the cost of raw materials accounts for the vast majority of the production cost of Bicycle Lights. Fluctuations in the prices of raw materials will directly affect the profits of enterprises.

Online sales channel development

With the rapid development of the Internet era, the sales forms are constantly innovating, and the online marketing of Bicycle Lights shows great advantages in the fierce market competition. Compared with traditional marketing channels, the advantages of online sales are improved in sales cost, channel management cost, information flow and capital flow. With the continuous progress of information technology, online sales are developing at a faster speed, and the competition between online sales channels and traditional sales channels will also highlight its advantages. The emerging online sales channel not only simplifies the composition of various channels in traditional marketing, but also integrates sales, pre-sales and after-sales service, commodity and customer information inquiry, which has great advantages. The further development of online sales of Bicycle Lights will further promote the sales volume of the whole market.

Macroeconomic fluctuation risk

Market boom directly affects product demand. Sino-US trade friction, increasing uncertainty of global economic development and strengthening trade protectionism pose new challenges to the international division of labor and resource allocation pattern of the existing Bicycle Lights industrial chain.
In addition, because there are many large multinational enterprises in the Bicycle Lights lighting industry, the export of products is affected by the change of international exchange rate. If the local currency appreciates, it will directly lead to a decline in the price competitiveness of the company's export products, which is not conducive to expanding foreign markets, and will directly increase the exchange losses of the company, thus affecting the company's performance.

Region Overview:

Europe dominated the Bicycle Lights market in 2022, with a market share of 4.24%.

Company Overview:

Busch Muller is one of the major players operating in the Bicycle Lights market, holding a share of 4.97% in 2023.

Busch Muller

Busch + Müller is the leading brand for high-output lights for bicycle, MTB and e-bike. All headlights and rear lights – both dynamo- and battery-powered – and most rear-view mirrors are approved for road use.

CatEye

CatEye is the leading manufacturer of cycle computers, lights and reflectors to cyclists in the world. Founded in 1954 in Osaka, Japan, CatEye has always been a leader in innovation and technology.
In 1964, CatEye created the first flashing lamp for bicycles. CatEye went on to create the very first bicycle head lamp using white LEDs in 2001. The company is truly a world leader in lens and reflector technology.

Segmentation Overview:

Among different product types, Taillight segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Mountain Bicycle segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bicycle Lights market covered in Chapter 3:

Blackburn (Vista Outdoor)
Lezyne
Topeak
Supernova
Magicshine
Trek Bicycle
Spanninga
Giant
CUBE
NiteRider
Fenix
Busch Muller
Light & Motion
SIGMA-ELEKTRO GmbH
CatEye
Accell Group
Knog
Allegion

In Chapter 4 and Chapter 14.2, on the basis of types, the Bicycle Lights market from 2018 to 2029 is primarily split into:

Headlight
Taillight

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bicycle Lights market from 2018 to 2029 covers:

Mountain Bicycle
Road Bicycle
Commuting Bicycle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)