Report cover image

Rechargeable Light Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

Publisher Global Market Insights
Published Dec 09, 2024
Length 225 Pages
SKU # GMI19650367

Description

The Global Rechargeable Light Market, valued at USD 9.3 billion in 2023, is poised for robust growth, with a projected CAGR of 4.9% from 2024 to 2032. This surge is driven by an increasing global focus on energy efficiency and sustainable living. Rechargeable lights are gaining traction as an eco-friendly alternative, reducing reliance on single-use batteries, minimizing environmental impact, and offering consumers significant long-term cost savings.

The market is categorized by type into fixed and portable lights. In 2023, portable rechargeable lights dominated the market, generating USD 6.5 billion in revenue. This segment is expected to maintain its leadership with a projected CAGR of 5% through 2032. Portable lights are widely favored for their versatility and essential role in outdoor activities, industrial tasks, and emergency scenarios. Their compact design and mobility make them indispensable for both personal and professional use. Additionally, the growing demand for lightweight and durable lighting solutions in adventure sports and mobile applications is fueling consistent growth in this segment. Portable rechargeable lights are increasingly embraced across both urban and rural areas, ensuring a steady expansion of the market.

In terms of distribution, the market is divided into online and offline channels. The online segment captured the largest share in 2023, accounting for 51.6% of total market revenue, and is projected to grow at a CAGR of 5.1% between 2024 and 2032. E-commerce platforms are revolutionizing the rechargeable light market by providing consumers with a seamless shopping experience. Online retailers offer an extensive product selection, competitive pricing, and valuable features like detailed descriptions, customer reviews, and comparison tools, which significantly influence purchasing decisions.

In the United States, the rechargeable light market was valued at USD 1.9 billion in 2023 and is forecasted to grow at a CAGR of 5% through 2032. The U.S. remains a pivotal player in this industry, fueled by strong consumer demand for energy-efficient and eco-friendly lighting solutions. The country’s advanced infrastructure, emphasis on emergency preparedness, and enthusiasm for outdoor activities are key contributors to market expansion. Moreover, innovation from domestic manufacturers and government incentives promoting sustainable technologies further accelerate growth, positioning the U.S. as a leader in the global rechargeable light market.

Table of Contents

225 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.5 Secondary
1.5.1.1 Paid sources
1.5.1.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Technological landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Rising demand for energy-efficient and sustainable lighting solutions.
3.7.1.2 Advancements in battery technology, especially lithium-ion batteries.
3.7.1.3 Increasing outdoor recreational activities and adventure tourism.
3.7.1.4 Expanding the use of rechargeable lights in industrial and emergency applications.
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial cost compared to disposable alternatives.
3.7.2.2 Dependence on battery performance and recharging infrastructure
3.8 Consumer buying behavior analysis
3.8.1 Demographic trends
3.8.2 Factors affecting buying decision
3.8.3 Consumer product adoption
3.8.4 Preferred distribution channel
3.8.5 Preferred price range
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Type, 2021 – 2032 (USD Billion) (Million Units)
5.1 Key trends
5.2 Fixed
5.3 Portable
Chapter 6 Market Estimates and Forecast, By Product Type, 2021 – 2032 (USD Billion) (Million Units)
6.1 Key trends
6.2 Handheld flashlights
6.3 Camping lanterns
6.4 Headlamps
6.5 Emergency lights
6.6 Others (Industrial work lights, Security lighting systems)
Chapter 7 Market Estimates and Forecast, By Power Source, 2021 – 2032 (USD Billion) (Million Units)
7.1 Key trends
7.2 Battery-powered (Lithium-ion, NiMH)
7.3 Solar-powered
7.4 Hybrid power systems
Chapter 8 Market Estimates and Forecast, By Price, 2021 – 2032 (USD Billion) (Million Units)
8.1 Key trends
8.2 Low
8.3 Medium
8.4 High
Chapter 9 Market Estimates and Forecast, By End Use, 2021 – 2032 (USD Billion) (Million Units)
9.1 Key trends
9.2 Residential
9.3 Commercial
9.4 Industrial
Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021 – 2032, (USD Billion) (Million Units)
10.1 Key trends
10.2 Online
10.2.1 E-commerce platforms
10.2.2 Company websites
10.3 Offline
10.3.1 Specialty stores
10.3.2 Supermarkets and hypermarkets
10.3.3 Others (Individual, Departmental, etc.)
Chapter 11 Market Estimates & Forecast, By Region, 2021 – 2032, (USD Billion) (Million Units)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Australia
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.6 MEA
11.6.1 South Africa
11.6.2 Saudi Arabia
11.6.3 UAE
Chapter 12 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
12.1 Black Diamond Equipment
12.2 Coleman
12.3 Duracell
12.4 Energizer Holdings
12.5 Fenix Lighting
12.6 Goal Zero
12.7 Maglite
12.8 Milwaukee Tool
12.9 Nitecore
12.10 Olight
12.11 Panasonic Corporation
12.12 Petzl
12.13 Philips Lighting
12.14 Streamlight Inc.
12.15 SureFire LLC

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us