Governments in advanced and emerging economies, such as the U.S., the U.K., Brazil, Singapore, and India, have introduced regulations, policies, and initiatives to promote the reduction of CO2 emissions. For instance, many countries in Europe and APAC are forcing consumers to use eco-friendly/green means of transportation, such as bicycles, for their day-to-day commute. Also, most European countries and some U.S. states require bicycle lights at night for safety purposes.

The article cited AMA's Global Bicycle Lights Market Study explored substantial growth with CAGR of 8.5%. According the report, Growth in Online Retail Channel is one of the primary growth factors for the market. Growing Bicycle Industry Worldwide is also expected to contribute significantly to the Bicycle Lights market. Overall, applications of Bicycle Lights, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Bicycle Lights market identified that the demand is rising in many different parts of the world as "Increase in Bicycle Racing Events and Bicycle Riding Organizations " Furthermore, some recent industry insights like "On 9 Aug 2017, ZAN.FLARE, a brand which mainly devotes its attention on the research and manufacturing of photoelectric products, has launched a crowdfunding project on Indiegogo on 2nd August to raise money to support its new idea - B3, an innovative and unique LED bike light with a three-eyed owl design." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Bicycle Lights market by Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bicycle Lights market and other related sub-markets covered in the study.

o Key & emerging players in the Bicycle Lights market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Bicycle Lights market size is calculated using market estimation process, the Bicycle Lights market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bicycle Lights market size has been validated using both top-down and bottom-up approaches.