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:

• End-user by Volume
  • Aftermarket
  • Stock Fitted
• Geography
  • Europe
  • APAC
  • North America
  • South America
  • MEA

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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:

• Bicycle Lights Market size
• Bicycle Lights Market trends
• Bicycle Lights Market industry analysis

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

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist bicycle lights market growth during the next five years
• Estimation of the bicycle lights market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the bicycle lights market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bicycle lights market vendors

Table Of Contents :

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user by Volume

• Market segments
• Comparison by End-user by volume
• Aftermarket - Market size and forecast 2019-2024 (million units)
• Stock fitted - Market size and forecast 2019-2024 (million units)
• Market opportunity by End-user by volume

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• Trek Bicycle Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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