Bicycle Lights Market Size, Trends and Insights By Mounting Type (Rear Safety Lights, Headlights, Side Safety Lights), By Bicycle Type (Sports, Mountain, Road), By Sales Channel (Online, Offline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Garmin Ltd.
- Cateye Co. Ltd.
- Cygolite
- GACIRON
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Bicycle Lights Market was estimated at USD 305 million in 2021 and is expected to reach USD 334 million in 2022 and is anticipated to reach around USD 570 million by 2030, growing at a CAGR of roughly 8.5% between 2022 and 2030.
Our research report offers a 360-degree view of the Bicycle Lights market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Bicycle Lights market.
- One of the bicycle accessories, bicycle lights, ensures the rider’s security and comfort, particularly at night. The installation of bicycle lights makes it easier to ride a bike on a public road, even at night. Bicycle lights are important equipment. These lights comprise pedal reflectors, rear reflectors, front lamps, flashlights, and rear lamps. Around the world, cycling is becoming more and more popular among young people as awareness of its health benefits grows. As a result, demand for bicycles and related accessories like lighting equipment is rising.
- As cyclists who commute and those who ride on mountain trails, where these lights are essential for visibility, become more conscious of their relevance, the use of different types of bike lights has been steadily increasing. Urban population growth and high disposable income levels throughout the projection period would also impact growth rates.
- Governments in developed and developing nations, including those in the US, the UK, Brazil, Singapore, and India, have put in place rules, policies, and initiatives to encourage the reduction of CO2 emissions. For instance, many nations in Europe and Asia-Pacific are requiring citizens to travel daily on environmentally friendly/green modes of transportation like bicycles. Additionally, for safety reasons, bicycle lights are required at night in the majority of European nations and some US states.
- Our analysis indicates that the market growth during and after the COVID-19 timeframe has been HARMED. Cycling’s advantages in terms of health, the environment, and the economy primarily drive the market for bicycle lights. However, certain factors, such as the rise in the price of bicycles with lights installed, could restrain market expansion. Our research analysts have analyzed historical data to determine the major market factors and the COVID-19 pandemic’s effect on the global bicycle lighting market. Predicting end goals and improving marketing tactics to acquire a competitive edge will be made easier with the help of a comprehensive analysis of the drivers.
Report Scope
The study’s focus is on Bicycle Lights market analysis on a global scale, and market sizing includes the income generated by these products provided by different market players. To support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by mounting type, bicycle type, sales channel, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 305 Million |
| Projected Market Size in 2030 | USD 570 Million |
| Market Size in 2022 | USD 334 Million |
| CAGR Growth Rate | 8.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Garmin Ltd., Cateye Co. Ltd., Cygolite, GACIRON, Goldmore Co. Ltd., Knog, Lord Benex, Smart Bike Light, NiteRider Technical Lighting Systems, Schwinn, Blackburn, Serfas, Lezyne, LEDbyLITE, Sense, and Others |
| Key Segment | By Mounting Type, Bicycle Type, Sales Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- Due to the expanding bicycle sporting culture, the expanding bicycle fleet, and the increasing demand for sports & mountain bikes, rider safety and protection have come to be of utmost importance. The market for bicycle accessories is predicted to see bicycle lights become a key product.
- Due to increased traffic and congestion, the bicycle industry has expanded, which has increased the use of bicycle accessories that improve riding quality and rider safety. It is anticipated that bicycle accessories would become crucial elements in the expanding bicycle industry.
- Furthermore, due to the expansion of the bicycle business and the accessibility of products, the demand for bicycle lights has increased recently. The expansion of bicycle racing competitions and riding associations have created new prospects for the market expansion of bicycle lighting.
- Manufacturers are hoping that local governments will put actual policies into place that will make cities throughout the world more bicycle-friendly and build out complementary infrastructure in urban areas. The bicycle industry is being promoted as a result of cycle tourism. In order to provide each nation with a reliable source of income, the creation of cycle tourism projects has increased globally.
- For instance, the average yearly revenue from bicycle tourism in Germany and France is around 11 billion Euros, and revenue growth is anticipated in the near term as a result of increasing construction and expansion efforts on bike lanes and tracks. As a result, the global market for bicycle lights is greatly impacted by tourism activities.
- The market is expanding as a result of the growing use of LED bicycle lights to improve the visibility of taillights. Consumers who care about the environment are becoming more and more interested in LED cycle lights, which is boosting the market’s expansion. Additionally, LED lights are increasingly being used in bicycles due to their affordability and ease of installation, which is boosting the market’s expansion. Compact and small LED lights are becoming more and more popular as the need for lightweight bicycles rises, which is expected to strengthen the industry’s growth.
Online Segment Led the Bicycle Lights Market
- During the projection period, it is expected that demand for bicycle accessories will increase significantly. The primary driver of market expansion in both developing and developed economies is the bicycle industry, which is always expanding. Additionally, the rise in bicycle racing competitions is anticipated to drive up demand for bicycle lighting during the projected period. It is also anticipated that the expanding trend of online sales channels will support market expansion.
- Market leaders, including OEMs and dedicated manufacturers, are projected to focus on offering bicycle lights via the online sale channel and using it to market their products in the local market in five years. The availability of items tailored to consumer needs by manufacturers is increasing competition.
Competitive Landscape
Major participants in the industry can enhance their product portfolio to comply with regulatory standards thanks to many technological developments regarding the safety of bicycle lights and reflector products. Additionally, companies in North America and Europe, where bicycle activities are very popular, are constantly battling to retain their position and brand value in the bicycle lights and reflector industry.
This report includes a thorough study of the company profiles, including business segments, product portfolios, insights into key brands and growth strategies, SWOT and strategy analyses of the firms, as well as financial analysis and analyst insights on the major players in this market.
- 2022: Following a successful crowdfunding effort, cycling tech and data firm See. Sense has unveiled its newest innovation in the market for cycle lights.
- 2022: With curved lights and reflective stickers, Bookman Urban Visibility increases market reach in North America.
The global Bicycle Lights market is segmented as follows:
By Mounting Type
- Rear Safety Lights
- Headlights
- Side Safety Lights
By Bicycle Type
- Sports
- Mountain
- Road
By Sales Channel
- Online
- Offline
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Bicycle Lights Market, (2022 – 2030) (USD Million)
- 2.2 Global Bicycle Lights Market : snapshot
- Chapter 3. Global Bicycle Lights Market – Industry Analysis
- 3.1 Bicycle Lights Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Changing lifestyles and growing awareness of its health benefits
- 3.2.2 Daytime running Lightss (DRL)
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Mounting Type
- 3.7.2 Market attractiveness analysis By Bicycle Type
- 3.7.3 Market attractiveness analysis By Sales Channel
- Chapter 4. Global Bicycle Lights Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Bicycle Lights Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Bicycle Lights Market – Mounting Type Analysis
- 5.1 Global Bicycle Lights Market overview: By Mounting Type
- 5.1.1 Global Bicycle Lights Market share, By Mounting Type, 2021 and 2030
- 5.2 Rear Safety Lightss
- 5.2.1 Global Bicycle Lights Market by Rear Safety Lightss, 2022 – 2030 (USD Million)
- 5.3 HeadLightss
- 5.3.1 Global Bicycle Lights Market by HeadLightss, 2022 – 2030 (USD Million)
- 5.4 Side Safety Lightss
- 5.4.1 Global Bicycle Lights Market by Side Safety Lightss, 2022 – 2030 (USD Million)
- 5.1 Global Bicycle Lights Market overview: By Mounting Type
- Chapter 6. Global Bicycle Lights Market – Bicycle Type Analysis
- 6.1 Global Bicycle Lights Market overview: By Bicycle Type
- 6.1.1 Global Bicycle Lights Market share, By Bicycle Type, 2021 and 2030
- 6.2 Sports
- 6.2.1 Global Bicycle Lights Market by Sports, 2022 – 2030 (USD Million)
- 6.3 Mountain
- 6.3.1 Global Bicycle Lights Market by Mountain, 2022 – 2030 (USD Million)
- 6.4 Road
- 6.4.1 Global Bicycle Lights Market by Road, 2022 – 2030 (USD Million)
- 6.1 Global Bicycle Lights Market overview: By Bicycle Type
- Chapter 7. Global Bicycle Lights Market – Sales Channel Analysis
- 7.1 Global Bicycle Lights Market overview: By Sales Channel
- 7.1.1 Global Bicycle Lights Market share, By Sales Channel, 2021 and 2030
- 7.2 Online
- 7.2.1 Global Bicycle Lights Market by Online, 2022 – 2030 (USD Million)
- 7.3 Offline
- 7.3.1 Global Bicycle Lights Market by Offline, 2022 – 2030 (USD Million)
- 7.1 Global Bicycle Lights Market overview: By Sales Channel
- Chapter 8. Bicycle Lights Market – Regional Analysis
- 8.1 Global Bicycle Lights Market Regional Overview
- 8.2 Global Bicycle Lights Market Share, by Region, 2021 & 2030 (USD Million)
- 8.3. North America
- 8.3.1 North America Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.3.1.1 North America Bicycle Lights Market, by Country, 2022 – 2030 (USD Million)
- 8.3.1 North America Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.4 North America Bicycle Lights Market, by Mounting Type, 2022 – 2030
- 8.4.1 North America Bicycle Lights Market, by Mounting Type, 2022 – 2030 (USD Million)
- 8.5 North America Bicycle Lights Market, by Bicycle Type, 2022 – 2030
- 8.5.1 North America Bicycle Lights Market, by Bicycle Type, 2022 – 2030 (USD Million)
- 8.6 North America Bicycle Lights Market, by Sales Channel, 2022 – 2030
- 8.6.1 North America Bicycle Lights Market, by Sales Channel, 2022 – 2030 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.7.1.1 Europe Bicycle Lights Market, by Country, 2022 – 2030 (USD Million)
- 8.7.1 Europe Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.8 Europe Bicycle Lights Market, by Mounting Type, 2022 – 2030
- 8.8.1 Europe Bicycle Lights Market, by Mounting Type, 2022 – 2030 (USD Million)
- 8.9 Europe Bicycle Lights Market, by Bicycle Type, 2022 – 2030
- 8.9.1 Europe Bicycle Lights Market, by Bicycle Type, 2022 – 2030 (USD Million)
- 8.10 Europe Bicycle Lights Market, by Sales Channel, 2022 – 2030
- 8.10.1 Europe Bicycle Lights Market, by Sales Channel, 2022 – 2030 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.11.1.1 Asia Pacific Bicycle Lights Market, by Country, 2022 – 2030 (USD Million)
- 8.11.1 Asia Pacific Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.12 Asia Pacific Bicycle Lights Market, by Mounting Type, 2022 – 2030
- 8.12.1 Asia Pacific Bicycle Lights Market, by Mounting Type, 2022 – 2030 (USD Million)
- 8.13 Asia Pacific Bicycle Lights Market, by Bicycle Type, 2022 – 2030
- 8.13.1 Asia Pacific Bicycle Lights Market, by Bicycle Type, 2022 – 2030 (USD Million)
- 8.14 Asia Pacific Bicycle Lights Market, by Sales Channel, 2022 – 2030
- 8.14.1 Asia Pacific Bicycle Lights Market, by Sales Channel, 2022 – 2030 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.15.1.1 Latin America Bicycle Lights Market, by Country, 2022 – 2030 (USD Million)
- 8.15.1 Latin America Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.16 Latin America Bicycle Lights Market, by Mounting Type, 2022 – 2030
- 8.16.1 Latin America Bicycle Lights Market, by Mounting Type, 2022 – 2030 (USD Million)
- 8.17 Latin America Bicycle Lights Market, by Bicycle Type, 2022 – 2030
- 8.17.1 Latin America Bicycle Lights Market, by Bicycle Type, 2022 – 2030 (USD Million)
- 8.18 Latin America Bicycle Lights Market, by Sales Channel, 2022 – 2030
- 8.18.1 Latin America Bicycle Lights Market, by Sales Channel, 2022 – 2030 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.19.1.1 The Middle-East and Africa Bicycle Lights Market, by Country, 2022 – 2030 (USD Million)
- 8.19.1 The Middle-East and Africa Bicycle Lights Market, 2022 – 2030 (USD Million)
- 8.20 The Middle-East and Africa Bicycle Lights Market, by Mounting Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Bicycle Lights Market, by Mounting Type, 2022 – 2030 (USD Million)
- 8.21 The Middle-East and Africa Bicycle Lights Market, by Bicycle Type, 2022 – 2030
- 8.21.1 The Middle-East and Africa Bicycle Lights Market, by Bicycle Type, 2022 – 2030 (USD Million)
- 8.22 The Middle-East and Africa Bicycle Lights Market, by Sales Channel, 2022 – 2030
- 8.22.1 The Middle-East and Africa Bicycle Lights Market, by Sales Channel, 2022 – 2030 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Garmin Ltd.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Cateye Co. Ltd.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Cygolite
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 GACIRON
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Goldmore Co. Ltd.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Knog
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Lord Benex
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Smart Bike Lights
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 NiteRider Technical Lightsing Systems
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Schwinn
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Blackburn
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Serfas
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Lezyne
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 LEDbyLITE
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Sense.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.1 Garmin Ltd.
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
FAQs
The “Asia Pacific” region will lead the global Bicycle Light market during the forecast period 2022 to 2030.
The key factors driving the market are changing lifestyles and growing awareness of its health benefits & daytime running lights (DRL).
The key players operating in the Bicycle Light market are Garmin Ltd., Cateye Co. Ltd., Cygolite, GACIRON, Goldmore Co. Ltd., Knog, Lord Benex, Smart Bike Light, NiteRider Technical Lighting Systems, Schwinn, Blackburn, Serfas, Lezyne, LEDbyLITE, Sense.
The global Bicycle Light market is expanding growth with a CAGR of approximately 8.5% during the forecast period (2022 to 2030).
The global Bicycle Light market size was valued at USD 305 Million in 2021 and it is projected to reach around USD 570 Million by 2030.