Bicycle lights market size to grow by 139 million units between 2022 and 2027; Technological advances identified as a key trend - Technavio

NEW YORK, March 8, 2023 /PRNewswire/ -- According to Technavio, the global bicycle lights market size is estimated to grow by 139 million units from 2023 to 2027. The market is estimated to grow at a CAGR of 7.86% during the forecast period. The report identifies technological advances as one of the key trends influencing the growth of the market. Vendors are introducing products that focus on increasing the safety of the riding by improving visibility and convenience. For instance, Blaze offers powerful red LED rear light that can be installed on the seat post. It has a speed sensor that displays the rate of travel by the cyclist in mph or kph to other road users. Similarly, some vendors are designing bicycle lights with symbols that help the driver see through the windscreen. These shapes also help in obtaining information in milliseconds, thus helping in adjusting behavior. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

Key growth driver:

The growth of the market is driven by the increasing number of bicycle sports events. The number of professional as well as amateur bicycle sports events has increased considerably over the years. Bicycle events such as Tour de France, Giro D'Italia, and Vuelta a Espana have become increasingly popular worldwide. In addition, the increasing number of road, track, and BMX events for both men and women has spurred the demand for bicycles worldwide. This is expected to drive the market's growth during the forecast period.

Major challenge affecting growth:

The increase in the cost of bicycles with the addition of lights is the major challenge hindering the growth of the market. Daytime running lights (DRLs) increase the visibility of the rider on the road. They can be used in both the front and rear end of the bicycle. However, the incorporation of these lights increases the overall cost of bicycles. Also, price-sensitive customers are skeptical about buying a bicycle with a light, as the lighting device results in additional costs. These factors are reducing the growth potential in the market.

Insights on Market Drivers, Trends, & Challenges, historic period (2017 to 2021), and
forecast period (2023 to 2027) - Request a sample report!

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Global Bicycle Lights Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product (head light and tail light), type (aftermarket and stock fitted), and geography (Europe, APAC, North America, Middle East and Africa, and South America). 

• The market growth in the head light segment will be significant during the forecast period. The segment is driven by the growing focus on cyclist safety and the increasing preference for environment-friendly transportation modes of transportation among people.

Geography Overview
By geography, the global bicycle lights market is segmented into Europe, APAC, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global bicycle lights market.

• Europe will account for 32% of the market growth during the forecast period. The increasing demand for motor-assisted bicycles is expected to drive the growth of the bicycle lights market in Europe.

Insights on the market contribution of various segments including country and region
wise, historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a
Sample Report

What are the key data covered in this bicycle lights market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the bicycle lights market between 2023 and 2027
• Precise estimation of the size of the bicycle lights market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the bicycle lights market industry across Europe, APAC, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of bicycle lights market vendors

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Related Reports:

• The bicycle gearbox system market is estimated to grow at a CAGR of 9.3% between 2022 and 2027. The size of the market is forecast to increase by USD 2,497.27 million. The need to reduce air pollution is notably driving the market growth, although factors such as the rise in the price of bicycles in addition to gears may impede the market growth.
• The mountain bike market is estimated to grow at a CAGR of 5.4% and the size of the market is forecast to increase by USD 13,540.97 million between 2022 and 2027. Mountain biking tourism, which acts as a catalyst for economic development is a key factor driving the market. An increase in the number of accidents and crashes and related injuries is the major challenge to the global mountain bicycle market growth.

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million units)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million units)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global bicycle lights market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global bicycle lights market 2017 - 2021 (million units)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 (million units)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (million units)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million units)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million units)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Head light - Market size and forecast 2022-2027
• Exhibit 34: Chart on Head light - Market size and forecast 2022-2027 (million units)
• Exhibit 35: Data Table on Head light - Market size and forecast 2022-2027 (million units)
• Exhibit 36: Chart on Head light - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Head light - Year-over-year growth 2022-2027 (%)

• 6.4 Tail light - Market size and forecast 2022-2027
• Exhibit 38: Chart on Tail light - Market size and forecast 2022-2027 (million units)
• Exhibit 39: Data Table on Tail light - Market size and forecast 2022-2027 (million units)
• Exhibit 40: Chart on Tail light - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Tail light - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product (million units)
• Exhibit 43: Data Table on Market opportunity by Product (million units)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Aftermarket - Market size and forecast 2022-2027
• Exhibit 48: Chart on Aftermarket - Market size and forecast 2022-2027 (million units)
• Exhibit 49: Data Table on Aftermarket - Market size and forecast 2022-2027 (million units)
• Exhibit 50: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)

• 7.4 Stock fitted - Market size and forecast 2022-2027
• Exhibit 52: Chart on Stock fitted - Market size and forecast 2022-2027 (million units)
• Exhibit 53: Data Table on Stock fitted - Market size and forecast 2022-2027 (million units)
• Exhibit 54: Chart on Stock fitted - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Stock fitted - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type (million units)
• Exhibit 57: Data Table on Market opportunity by Type (million units)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 (million units)
• Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 (million units)
• Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 (million units)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 (million units)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 (million units)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 (million units)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million units)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million units)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 (million units)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 (million units)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 (million units)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 (million units)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 (million units)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 (million units)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 (million units)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 (million units)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 (million units)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 (million units)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 (million units)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 (million units)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography (million units)
• Exhibit 104: Market opportunity by geography (million units) - Volume

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Augusta Benelux BV 
• Exhibit 111: Augusta Benelux BV - Overview
• Exhibit 112: Augusta Benelux BV - Product / Service
• Exhibit 113: Augusta Benelux BV - Key offerings

• 12.4 Blackburn 
• Exhibit 114: Blackburn - Overview
• Exhibit 115: Blackburn - Product / Service
• Exhibit 116: Blackburn - Key offerings

• 12.5 Blitzu 
• Exhibit 117: Blitzu - Overview
• Exhibit 118: Blitzu - Product / Service
• Exhibit 119: Blitzu - Key offerings

• 12.6 Bright Eyes Products 
• Exhibit 120: Bright Eyes Products - Overview
• Exhibit 121: Bright Eyes Products - Product / Service
• Exhibit 122: Bright Eyes Products - Key offerings

• 12.7 CATEYE Co. Ltd. 
• Exhibit 123: CATEYE Co. Ltd. - Overview
• Exhibit 124: CATEYE Co. Ltd. - Product / Service
• Exhibit 125: CATEYE Co. Ltd. - Key offerings

• 12.8 Garmin Ltd 
• Exhibit 126: Garmin Ltd - Overview
• Exhibit 127: Garmin Ltd - Business segments
• Exhibit 128: Garmin Ltd - Key offerings
• Exhibit 129: Garmin Ltd - Segment focus

• 12.9 Giant Manufacturing Co. Ltd. 
• Exhibit 130: Giant Manufacturing Co. Ltd. - Overview
• Exhibit 131: Giant Manufacturing Co. Ltd. - Product / Service
• Exhibit 132: Giant Manufacturing Co. Ltd. - Key offerings

• 12.10 Goldmore 
• Exhibit 133: Goldmore - Overview
• Exhibit 134: Goldmore - Product / Service
• Exhibit 135: Goldmore - Key offerings

• 12.11 Knog Pty Ltd. 
• Exhibit 136: Knog Pty Ltd. - Overview
• Exhibit 137: Knog Pty Ltd. - Product / Service
• Exhibit 138: Knog Pty Ltd. - Key offerings

• 12.12 Lezyne USA Inc. 
• Exhibit 139: Lezyne USA Inc. - Overview
• Exhibit 140: Lezyne USA Inc. - Product / Service
• Exhibit 141: Lezyne USA Inc. - Key offerings

• 12.13 Light and Motion 
• Exhibit 142: Light and Motion - Overview
• Exhibit 143: Light and Motion - Product / Service
• Exhibit 144: Light and Motion - Key offerings

• 12.14 NiteRider Technical Lighting 
• Exhibit 145: NiteRider Technical Lighting - Overview
• Exhibit 146: NiteRider Technical Lighting - Product / Service
• Exhibit 147: NiteRider Technical Lighting - Key offerings

• 12.15 Reelight 
• Exhibit 148: Reelight - Overview
• Exhibit 149: Reelight - Product / Service
• Exhibit 150: Reelight - Key offerings

• 12.16 The Smart Bike Lights 
• Exhibit 151: The Smart Bike Lights - Overview
• Exhibit 152: The Smart Bike Lights - Product / Service
• Exhibit 153: The Smart Bike Lights - Key offerings

• 12.17 Trek Bicycle Corp. 
• Exhibit 154: Trek Bicycle Corp. - Overview
• Exhibit 155: Trek Bicycle Corp. - Product / Service
• Exhibit 156: Trek Bicycle Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 157: Inclusions checklist
• Exhibit 158: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 159: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 160: Research methodology
• Exhibit 161: Validation techniques employed for market sizing
• Exhibit 162: Information sources

• 13.5 List of abbreviations 
• Exhibit 163: List of abbreviations

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