Bicycle Light Market 2022 Industry Size, Growth, Market Share, Revenue and Forecast to 2031

Bicycle Light Market 2022

Bicycle lights are one of the most important accessories that a cyclist can possess. They allow riders to be seen by motorists and pedestrians in low-light or nighttime conditions, and they also provide illumination for the cyclist's path. Bicycle light technology has come a long way in recent years, with LED (light-emitting diode) lights becoming increasingly popular because of their brightness and durability. There is now a wide variety of bicycle lights on the market, from simple LED blinkers to more elaborate systems that include multiple LEDs, lasers, and even turn signals.

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As with any other product, there are both pros and cons to consider when purchasing bicycle lights. Some of the pros of using bicycle lights include improved safety, increased visibility, and added functionality. Bicycle lights can help keep cyclists safe by making them more visible to motorists and pedestrians in low-light or nighttime conditions. In addition, many LED bike lights have multiple settings that can be used for different purposes such as seeing the path ahead or being seen from behind. Bicycle headlights may also be equipped with reflectors that increase the rider's visibility from all angles.

Rider safety and protection have emerged to be of paramount importance due to the growing bicycle sporting culture, continuous upsurge in bicycle fleet and rising demand for sports and mountain bicycles. Bicycle lights are expected to emerge as important products in the bicycle accessory market.

The growth of bicycle industries, owing to heavy traffic and congestion, has led to higher adoption of bicycle accessories, which help in providing safety to the rider and enhance the quality of riding experience. Bicycle accessories are expected to emerge as important components in the growing bicycle industries.

Key Players- 

Key players in the global bicycle light market are: 

• Garmin Ltd.
• Cygolite
• Cateye Co., Ltd.
• GACIRON
• Goldmore Co., Ltd.
• Lord Benex
• Knog
• Smart Bike Light
• NiteRider Technical Lighting Systems
• Blackburn
• Schwinn
• Serfas
• Lezyne
• Sense.
• LEDbyLITE

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Product Definition and Segmentation-

By mounting type:

Headlight
• Rear Safety Lights
• Side Safety Lights

By bicycle type:

• Road
• Mountain
• Sports

By sales channel:

• Offline Stores
• Online Stores

Key geographies evaluated in this report are:

• North America - U.S, Canada
• Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
• APAC - China, India, Japan, Australia, Others
• Latin America - Argentina, Brazil, Others

Tourism Industry is Creating Opportunities

Manufacturers are hopeful that local administrations will implement concrete policies to make global cities bicycle-friendly and create supportive infrastructure in urban areas. Cycle tourism is acting as a catalyst in the promotion of the bicycle industry. There has been global increase in the construction of the cycle tourism project in various countries to generate a good source of revenue for the country.

For instance, in Germany and France, the average annual turnover from the cycling tourism is approximately 11 billion Euros and the revenue is expected to increase in the near future due to increased infrastructural and extension activities going on in the cycling tracks and lanes. Thus, tourism activities creates significant opportunity for global bicycle light market.

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Opportunities for Market Participants

The pollution caused due to the emission from fuel-driven vehicles has increased to a never-before high level in the recent past; this has been capitalized as an opportunity for green solution providers and manufacturers. Bicycle manufacturers and accessories providers can exploit these conditions as an opportunity to expand and increase their business. Eco-friendly modes of transport, such as bicycles, have already gained popularity in European countries such as Denmark, the Netherlands, and London

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