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COVID-19 Impacts: Global Bicycle Lights Market will Accelerate at a CAGR of over 8% through 2020-2024 | Health, Environmental, and Economic Benefits Of Cycling to Boost Growth | Technavio


Technavio has been monitoring the global bicycle lights market size and it is poised to grow by 132.27 million units during 2020-2024, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Augusta Benelux BV, CATEYE Co. Ltd. , Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne USA Inc., Mujo International Ltd., NiteRider Technical Lighting Systems, Serfas, TOPEAK Inc., and Trek Bicycle Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Health, environmental, and economic benefits of cycling have been instrumental in driving the growth of the market. However, the increase in the cost of bicycles with the addition of lights might hamper market growth.

Bicycle Lights Market 2020-2024 : Segmentation

Bicycle Lights Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44498

Bicycle Lights Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our bicycle lights market report covers the following areas:

This study identifies the increase in government initiatives promoting cycling as one of the prime reasons driving the bicycle lights market growth during the next few years.

Bicycle Lights Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the bicycle lights market, including some of the vendors such as Augusta Benelux BV, CATEYE Co. Ltd. , Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne USA Inc., Mujo International Ltd., NiteRider Technical Lighting Systems, Serfas, TOPEAK Inc., and Trek Bicycle Corp. Backed with competitive intelligence and benchmarking, our research reports on the Bicycle Lights Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Bicycle Lights Market 2020-2024 : Key Highlights

Table Of Contents :

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user by Volume

Customer landscape

Geographic Landscape

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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