The North America LED Flashlight Know Factors Driving the Market to Record Growth

The North America LED Flashlight Market accounted to US$ 385.2 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 - 2027, to account to US$ 516.5 Mn by 2027.

The US, Canada, and Mexico are the regions covered in the North American LED flashlight market. The availability of efficient infrastructure in the developed nations has enabled the manufacturing companies to explore the limits of science, technology, and commerce. The US is a developed country in terms of modern technology, a standard of living, infrastructure, and many others. The region witnessed technological advancements, which has result in a highly competitive market. North America is a hub of technological development which is encompassed with economically robust countries.

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Incorporating LEDs into flashlights enables the technology to be portable and compact, which is suitable for a workforce who uses a flashlight during the case of an emergency where brightness is important for performing or equipment repairs or rescue operations. Further, North America is witnessing a huge demand for LED flashlights among residential, commercial building, and more. This factor would help to increase the penetration of entire lighting sales.

MARKET INTRODUCTION

The popularity and penetration of LED lighting have grown at an unprecedented rate during the past few years. The usage of LED-based lighting solutions in both residential and commercial applications is rising at a fast pace owing to falling prices of LED and increasing technological advancements in LED technology. According to International Energy Agency (IEA) statistics, the global uptake of LED-based lighting has been increasing at a substantial rate, and in the global residential sector, it rose from 5% market share in 2013 to reach 40% market share in the year 2018. The lowering costs of LED is another complementing factor that is anticipated to fuel the overall adoption of LED-based lighting solutions worldwide owing to positive initiatives taken by various countries. In addition, government initiatives to phase out inefficient halogen lamps and fluorescent lights and to introduce minimum quality standards for LED lighting are projected to drive the growth of the LED market worldwide.

The LED flashlight market by type is segmented into a rechargeable LED flashlight, and a non-rechargeable LED flashlight. In 2018, the rechargeable LED flashlight segment held the largest share in the LED flashlight market and it is anticipated to continue its dominance during the forecast period of 2019 to 2027.
List of Companies Profiled in the North America LED Flashlight Market Report are:
• Bayco Products Inc.
• Browning International S.A.
• Dorcy International
• Energizer Holdings Inc.
• Larson Electronics, LLC
• Mag Instrument Inc.
• Nite Ize INc.
• Pelican Products, Inc.

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Key Segmentation:

New product development was observed as the most adopted strategy in the LED flashlight market. Few of the recent developments are listed below;

2019: Listening to feedback from fire departments who need a rugged, lightweight, hands-free lighting solution with a powerful piercing beam, Nightstick created the NSP-4640B FORGE and XPP-5465R IS FORGE helmet lights

2019: The new INOVA T8R PowerSwitch Dual Color Rechargeable LED Flashlight, Nite Ize offers high-quality illumination solutions that address the needs of serious flashlight users

2018: Pelican Products Inc. introduced the Pelican 5 Series LED slide beam flashlights. The Pelican 5 Series flashlight line was developed with industrial workers in mind.

Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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