Global Bicycle Lights Market 2017-2021
About Bicycle Lights
Bicycle lights help improve the visibility of the bicycle riders and the other road users, when there is a poor lighting condition. These lights also help illuminate the reflective road and traffic signals on the road. They help the rider to see and identify the hazards ahead in road.
Technavio’s analysts forecast the global bicycle lights market to grow at a CAGR of 8.56% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bicycle lights market for 2017-2021. To calculate the market size, the report considers the total number of bicycle production, region wise and the head lamp and the rear lamp used in bicycle.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bicycle Lights Market 2017-2021
Technavio recognizes the following companies as the key players in the global bicycle lights market: CatEye, Lezyne, Mujo International, and NiteRider.
Other Prominent Vendors in the market are: Topeak, BBB Cycling, Blitzu, Bright Eyes Products, Reelight, Giant, LIGHT & MOTION, Knog, Trek Bicycle, and Serfas.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth in online retail. Though brick-and-mortar retailing remains the key channel for the sale of bicycle lights, sales through internet retailing will grow rapidly over the forecast period. Quick delivery services and competitive selling prices are the major factors that work in favor of the online retailing segment worldwide.”
According to the report, one driver in the market is popularity of bicycle rental programs. As bicycles do not cause air pollution and helps maintain fitness, they are increasingly gaining popularity among customers. A number of cities worldwide are capitalizing on the demand for bicycles and offering renting and sharing programs at low cost.
Further, the report states that one challenge in the market is flashy lights causing blinding effect to eyes of driver. Earlier, the lights used in bicycle were after-fitted with a battery pack of about 100 lumens and was enough to lit the path in front of the cycle. However, with the advances in technology and LED taking the major share of the headlamp market of bicycle, 1,600 lumen light is available at the same price. The problem with such lumen is that it leaves the eye with a blinding effect for a long time.
CatEye, Lezyne, Mujo International, NiteRider, Topeak, BBB Cycling, Blitzu, Bright Eyes Products, Reelight, Giant, LIGHT & MOTION, Knog, Trek Bicycle, and Serfas.