Bicycle Lights Market to Reach $772.3 million by 2031 | Size, Share, Growth, Competitive Landscape and Trends

The global 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐋𝐢𝐠𝐡𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at $356.2 million in 2021, and is projected to reach $772.3 million by 2031, growing at a CAGR of 8.2% from 2022 to 2031. Government regulations to encourage adoption of bicycle lights, increase in fuel costs, rise in interest in cycling as a fitness & recreational activity, and rising adoption of e-bicycles drive the global bicycle lights market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A31859

Europe includes countries such as the UK, Germany, France, Italy, and the rest of Europe. Rest of Europe includes such as the Poland, Switzerland, Sweden, Austria, Norway, and others. Factors such as increased adoption of electric bicycle in the region, availability of daily commuter bicycle with company fitted bicycle lights, and regulations which mandates every bicycle sold in the region to be equipped with bicycle lights, contributes in the growth of bicycle lights market in Europe. Moreover, in European cities such as Germany, the UK, France, Italy, and the Netherlands, infrastructure has been developed for public where bicycles can be used without the interference with heavy vehicle traffic, which further supplements the growth of the bicycle lights market in this region.

Growing environmental & health concerns, rising traffic congestion and increased fuel prices are the primary factors increasing the adoption of electric bicycles across the globe. Moreover, the factors such as fast & flexible operations and cost-effective & eco-friendly transport solution also growing consumer inclination toward the usage of e-bicycles. Furthermore, increase in the number of market players providing e-bicycles coupled with the increasing investments in R&D activities further propelling the adoption of e-bicycles. For instance, in December 2019, an electric bike-share startup Wheels, has redesigned its two-wheeled vehicle to include a special spot to hold a helmet. Thus, such factors collectively contribute in increasing adoption of electric bicycles, which in turn is expected to increase the demand for bicycle lights and will contribute in the growth of bicycle lights market during the forecast period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

Lord Benex International Co., Ltd, Gaciron Technology, Lezyne USA Inc, Cateye Co., Ltd., Trek Bicycle Corporation, Princeton Tec, BBB Cycling, Lupine Lighting Systems GmbH, Garmin Ltd., Cygolite Co

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/2d1c3fe4c37d05bcaf6d5620d39747de

The research provides detailed segmentation of the global bicycle lights market based on technology, mounting type, bicycle type, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on mounting type, the head light segment accounted for the highest share in 2021, contributing to more than two-thirds of the global bicycle lights market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 8.7% from 2022 to 2031.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, Europe held the largest share in 2021, contributing to more than two-fifths of the global bicycle lights market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 8.9% during the forecast period. The research also analyzes regions including North America, LAMEA, and Asia-Pacific.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A31859

The report provides a detailed analysis of these key players of the global bicycle lights market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By technology, the LED segment is anticipated to exhibit significant growth in the near future.

By mounting type, the head light segment is anticipated to exhibit significant growth in the near future.

By bicycle type, the electric segment is anticipated to exhibit significant growth in the near future.

By application, the commuting bicycle segment is anticipated to exhibit significant growth in the near future.

By region, Europe is anticipated to register the highest CAGR during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Gear Bicycle Market - https://www.prnewswire.com/news-releases/gear-bicycle-market-to-reach-63-46-billion-globally-by-2032-at-5-9-cagr-allied-market-research-302040310.html

Automotive Intelligent Lighting System Market - https://www.prnewswire.com/news-releases/automotive-intelligent-lighting-system-market-to-reach-9-25-billion-globally-by-2030-at-9-8-cagr-allied-market-research-301430767.html

Used Bike Market - https://www.prnewswire.com/news-releases/used-bikes-market-to-reach-66-2-billion-globally-by-2031-at-5-6-cagr-allied-market-research-301756457.html

Solar Boat Market - https://www.globenewswire.com/news-release/2022/09/30/2526248/0/en/Solar-Boat-Market-to-Reach-2-4-Billion-by-2031-Allied-Market-Research.html

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