(MENAFN- Ameliorate Digital Consultancy) bicycle light market 2022
Due to the growing bicycle sporting culture, continuous upsurge in bicycle fleet and rising demand for sports and mountain bicycles, rider safety and protection have emerged to be of paramount importance. Bicycle lights are expected to emerge as important products in the bicycle accessory market.
The growth of bicycle industries, owing to heavy traffic and congestion, has led to higher adoption of bicycle accessories, which help in providing safety to the rider and enhance the quality of riding experience.
Moreover, increase in bicycling racing events and organizations has unfolded new opportunities for the growth of the Bicycle Lights market.
Most countries have adopted bicycling as an effective way for burning fat and maintaining normal body mass due a rise healthy lifestyles gaining attraction globally. Cyclist have installed or will need to install bicycle lights when dark , creating an avenue for market growth.
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Key Companies-
Key players in the global bicycle light market are:
Garmin Ltd. Cygolite Cateye Co., Ltd. GACIRON Goldmore Co., Ltd. Lord Benex Knog Smart Bike Light NiteRider Technical Lighting Systems Blackburn Schwinn Serfas Lezyne Sense. LEDbyLITE
Online Sales Channel to emerge as a Major Trend
The demand for bicycle accessories is projected to be grow significantly during the forecast period. The ever growing bicycle industry both in developing and developed economies is the prime reason behind the growth of this market. Moreover, the increasing number of bicycle racing events is also expected to surge the demand for bicycle accessories (bicycle lights) over the forecast period. The growing trend of online sales channel is further expected to supplement market growth.
A major trend expected five years down the line involves market leaders, both OEMs & dedicated manufacturers, focusing on providing bicycle lights through the online sale channel and using it to market its products in the regional market. Manufacturers are offering products as per consumer needs, which in turn is escalating competition.
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Bicycle Light Market Segmentation –
By mounting type:
Headlight Rear Safety Lights Side Safety Lights
By bicycle type:
By sales channel:
Offline Stores Online Stores
Key geographies evaluated in this report are:
North America – U.S, Canada Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS APAC – China, India, Japan, Australia, Others Latin America – Argentina, Brazil, Others
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Bicycle Light Market – Report Highlights
A detailed overview of parent market of Bicycle Light Market Changing Bicycle Light Market dynamics in the industry In-depth segmentation of Bicycle Light Market Historical, current, and projected Bicycle Light Market size regarding volume and value Recent industry trends and developments in Bicycle Light Market Competitive landscape of Bicycle Light Market Strategies for key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on Bicycle Light Market performance Must-have information for Bicycle Light Market players to sustain and enhance their market footprint
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