Global Bicycle Lights Market Report and Forecast 2024-2032

Global Bicycle Lights Market Outlook

The global bicycle lights market attained a value of more than USD 380.01 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.4% to reach beyond USD 784.30 million by 2032.

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Global Bicycle Lights Market Growth

The market for bicycle lights is being aided by the rising use of bicycles by the health and environmentally conscious population. The evolving urban mobility and the rising adoption of sustainable modes of transportation are also increasing the adoption of bicycles, hence driving the market for bicycle lights. The growing demand for durable and high-quality bicycle lights is augmenting the growth of the market.

The growing interest in mountain biking, especially in the United States, is surging the demand for bicycle lights to illuminate the trail and enhance the safety of the rider. As health concerns were fuelled amidst the COVID-19 pandemic, mountain biking was increasingly preferred as a form of cardio workout, which has propelled the market growth. This has significantly surged the demand for mountain cycle accessories, which has bolstered the demand for bicycle lights. In addition, the growing demand for bicycle lights that provide optimal lighting for long mountain biking sessions has provided impetus to the growth of the market.

Global Bicycle Lights Market Segmentation

Bicycle lights refer to lights that are attached to bicycles to illuminate the path, cycle, and the rider. They enhance the visibility of bicycles and riders and are vital in preventing road accidents. Bicycle lights allow riders to detect reflective items to enhance the overall experience of the rider.

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The major types of bicycle lights are:

• Headlight
• Taillight

The market can be broadly categorised on the basis of its application types into:

• Mountain Bicycle
• Commuting Bicycle
• Road Bicycle

Based on products, the market is divided into:

• LED Lamps
• Low-cost battery lights
• Flashlights
• Halogen lights
• HID lights
• Filament lights
• Others

By sales channels, the market is bifurcated into:

• Online Stores
• Offline Stores

The EMR report looks into the regional markets of bicycle lights like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Demand for LED Bicycle Lights by Cyclists to Invigorate the Market Growth

The increasing use of LED bicycle lights to enhance the visibility of taillights is augmenting the market growth. The rechargeability of LED cycle lights is surging their demand among environmental-conscious consumers, which is fuelling the market growth. Moreover, the cost-effectiveness and easy installation of LED lights are surging their use in bicycles, which is providing impetus to the market growth. As the demand for lightweight bicycles is surging, compact and small LED lights are increasingly preferred to boost the output of bikes, which is predicted to strengthen the industry growth.

The increasing investments in daytime running light (DRL) with diverse modes by cyclists is anticipated to propel the industry growth. The development of innovative rechargeable bicycle lights that use solar energy for charging is expected to drive the market growth. In addition, increasing research activities to bolster the deployment of bicycle lights that enhances the visibility of bicyclists from far distance to prevent accidents is predicted to fuel the market growth for bicycle lights. Such bicycle lights can also illuminate the road while eliminating glare for other drivers, which is anticipated to significantly contribute to the growth of the market in the coming years.

Key Industry Players in the Global Bicycle Lights Market

The report presents a detailed analysis of the following key players in the global bicycle lights market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Augusta Benelux B.V.
• CatEye Co., Ltd.
• Blitzu
• Knog Pty Ltd
• Lezyne USA Inc.
• NiteRider Technical Lighting
• Serfas Inc.
• Trek Bicycle Corporation
• Topeak Inc.
• Giant Manufacturing Co. Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report