What is LED Bicycle Lights Market?
LED Bicycle Lights are used to provide light while cycling after dark. It has become a legal requirement to have a white light at the front and a red and the rear, and it’s dangerous to ride without them. Besides, LED bicycle light is also considered a sensible idea to use a beam in the day time too, to aid visibility. LED bike lights are the most energy-efficient and available in numerous brightness levels due to this they are widely being used in mountain bicycles, road bicycles, and sports bicycles.
The market study is being classified by Type (Head Light, Tail Light and Safety Light), by Application (Mountain Bicycle, Road Bicycle and Sports Bicycle) and major geographies with country level break-up.
CATEYE Co., Ltd. (Japan), SIGMA Sports (Germany), Blackburn (United States), Serfas (United States), Bright Eyes Products (United States), Giant Bicycles International (Taiwan), Exposure Lights (United Kingdom), Topeak Inc. (Taiwan), Blitzu (United States), Planet Bike (United States), LORD BENEX (Taiwan), OSRAM Licht AG (Germany), Revolights Inc. (United States), Jiashan Boshing Electronic Technology Co. (China) and Cree, Inc. (United States) are some of the key players profiled in the study.
In LED Bicycle Light Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global LED Bicycle Lights market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global LED Bicycle Lights market by Type, Application and Region.
On the basis of geography, the market of LED Bicycle Lights has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Health Awareness:{Cycling helps to burns calories between 400 and 1000 an hour, depending on intensity and rider weight. People use bicycles in the night as an exercise for this the use of LED bicycles lights has increased.}
- Increasing Use of Bicycle for Travelling Short Distances
Market Trend
- Popularity of Do-It-Yourself (DIY)
Restraints
Opportunities
- Innovative Bicycle Products
- Rise in Urbanization and the Increase in Traffic Jams
- Advance LED Bicycle Light Controlled through Smartphones
Challenges
- Availability of Substitute Products
In July 2018, Cateye launched new Cateye Sync app that synchronizes lights and allows one button to switch up to seven lights on and off at the same time using a smartphone app.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, LED Bicycle Light Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Users