Market Overview:
The global bicycle day-time running lights (DRL) market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing awareness about road safety and the benefits of using DRLs among cyclists. Additionally, stringent government regulations mandating the use of DRLs in bicycles are also contributing to the growth of this market. Based on type, rear DRLs accounted for a larger share of the global bicycle day-time running lights (DRL) market in 2017. This segment is expected to maintain its dominance during the forecast period as well, owing to their low cost and easy installation compared with front DRLs. However, front DRLs are witnessing a higher growth rate due to their ability to provide better visibility for cyclists in low light conditions. Offline sales accounted for a larger share of the global bicycle day-time running lights (DRL) market in 2017; however, online sales are projected to grow at a higher rate during the forecast period owing to growing consumer demand for convenience and ease of purchase/return policies offered by online retailers.
 Industry Outlook.svg)
Product Definition:
Bicycle Day-time Running Lights (DRL) are an important safety feature for cyclists. They provide a means of making the cyclist more visible to motorists during the day, when natural lighting is available.
Rear DRL:
Rear DRL is a type of Day-time Running Light (DRL) that is mounted on the rear wheel of a bicycle or motorcycle. The light can be seen from the side and behind, thus it provides an extra visibility while riding at night. In addition, these lights are powered by electricity or battery and do not require any external power source to function.
Front DRL:
The front DRL is a small light that is mounted on the handlebar of a bicycle. It's main function is to act as an indicator that the vehicle is slowing down or stopped so that other road users can see and avoid any accidents. The market for these products has been growing rapidly, especially in Europe and North America, due to increased awareness among cyclists about safety issues along with stringent regulations regarding use of bicycles in traffic areas by day as well as by night.
Application Insights:
The offline sales segment dominated the market in 2017. This can be attributed to the high adoption of bicycles for transportation purposes, which has resulted in a higher number of bicycle shops across various regions. Furthermore, increasing awareness about cycling as a healthy and convenient mode of transport is further driving the demand for DRLs among consumers.
Online bicycle sales accounted for more than 40% share in 2017 owing to increased consumer preference towards online shopping due to convenience and ease offered by online transactions along with reduced transaction costs incurred on account of fraud prevention and security measures adopted by e-commerce platforms globally. Moreover, manufacturers are providing cash-on-delivery option on purchase orders issued via e-commerce portals which further drives demand from end users directly through banks or ATM cards registered with e-wallet services providers such as PayPal or MobiKwik among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing product demand and awareness among cyclists about bicycle safety. Europe accounted for a major share of revenue in 2017, which can be attributed to increased spending on bicycling infrastructure and adoption of innovative bicycle lighting products. Moreover, growing popularity of time trial and racing events has resulted in increased sales of DRLs across this region.
North America is anticipated to grow at a lucrative rate over the forecast period owing to rising number of cycling events such as Montreal's Bell Let's Ride, which was one among the first cycling events initiated by HUB Cycling Centre for Active Living & Community Development (Canada). In addition, increasing focus on road safety by government organizations such as Transport Canada has resulted in higher adoption rates for DRLs across this region.
Growth Factors:
- Increasing awareness about the benefits of using bicycle day-time running lights among cyclists and motorists
- Favorable government regulations and incentives for using DRLs
- Technological advancements that make DRLs more efficient and affordable
- Growing demand from emerging markets in Asia Pacific and Latin America
- Increasing popularity of cycling as a mode of transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Bicycle Day-time Running Lights (DRL) Market Research Report
By Type
Rear DRL, Front DRL
By Application
Online Sales, Offline Sales
By Companies
CatEye, Knog, Lezyne, See.Sense, Trek Bicycle Corporation, CatEye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Bicycle Day-time Running Lights (DRL) Market Report Segments:
The global Bicycle Day-time Running Lights (DRL) market is segmented on the basis of:
Types
Rear DRL, Front DRL
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CatEye
- Knog
- Lezyne
- See.Sense
- Trek Bicycle Corporation
- CatEye
 Market Overview.svg)
Highlights of The Bicycle Day-time Running Lights (DRL) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rear DRL
- Front DRL
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bicycle Day-time Running Lights (DRL) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bicycle Day-time Running Lights (DRL) are a type of lighting system used on bicycles to make them more visible at night or in low-light conditions.
Some of the major players in the bicycle day-time running lights (drl) market are CatEye, Knog, Lezyne, See.Sense, Trek Bicycle Corporation, CatEye.
The bicycle day-time running lights (drl) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Day-time Running Lights (DRL) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bicycle Day-time Running Lights (DRL) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bicycle Day-time Running Lights (DRL) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bicycle Day-time Running Lights (DRL) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bicycle Day-time Running Lights (DRL) Market Size & Forecast, 2018-2028
4.5.1 Bicycle Day-time Running Lights (DRL) Market Size and Y-o-Y Growth
4.5.2 Bicycle Day-time Running Lights (DRL) Market Absolute $ Opportunity
Chapter 5 Global Bicycle Day-time Running Lights (DRL) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bicycle Day-time Running Lights (DRL) Market Size Forecast by Type
5.2.1 Rear DRL
5.2.2 Front DRL
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bicycle Day-time Running Lights (DRL) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bicycle Day-time Running Lights (DRL) Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bicycle Day-time Running Lights (DRL) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bicycle Day-time Running Lights (DRL) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bicycle Day-time Running Lights (DRL) Analysis and Forecast
9.1 Introduction
9.2 North America Bicycle Day-time Running Lights (DRL) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bicycle Day-time Running Lights (DRL) Market Size Forecast by Type
9.6.1 Rear DRL
9.6.2 Front DRL
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bicycle Day-time Running Lights (DRL) Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bicycle Day-time Running Lights (DRL) Analysis and Forecast
10.1 Introduction
10.2 Europe Bicycle Day-time Running Lights (DRL) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bicycle Day-time Running Lights (DRL) Market Size Forecast by Type
10.6.1 Rear DRL
10.6.2 Front DRL
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bicycle Day-time Running Lights (DRL) Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bicycle Day-time Running Lights (DRL) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bicycle Day-time Running Lights (DRL) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bicycle Day-time Running Lights (DRL) Market Size Forecast by Type
11.6.1 Rear DRL
11.6.2 Front DRL
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bicycle Day-time Running Lights (DRL) Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bicycle Day-time Running Lights (DRL) Analysis and Forecast
12.1 Introduction
12.2 Latin America Bicycle Day-time Running Lights (DRL) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bicycle Day-time Running Lights (DRL) Market Size Forecast by Type
12.6.1 Rear DRL
12.6.2 Front DRL
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bicycle Day-time Running Lights (DRL) Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bicycle Day-time Running Lights (DRL) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bicycle Day-time Running Lights (DRL) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bicycle Day-time Running Lights (DRL) Market Size Forecast by Type
13.6.1 Rear DRL
13.6.2 Front DRL
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bicycle Day-time Running Lights (DRL) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bicycle Day-time Running Lights (DRL) Market: Competitive Dashboard
14.2 Global Bicycle Day-time Running Lights (DRL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CatEye
14.3.2 Knog
14.3.3 Lezyne
14.3.4 See.Sense
14.3.5 Trek Bicycle Corporation
14.3.6 CatEye
