Market Overview:
The global bicycle taillight market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bicycles across the globe, coupled with rising awareness about safety while riding a bicycle. In addition, technological advancements in LED lighting are also propelling the growth of this market. Based on type, self-generating lights are expected to hold a major share of the global bicycle taillight market during the forecast period. This can be attributed to their low cost and easy installation as compared to battery powered lights. However, battery powered lights are anticipated to witness higher growth rates owing to their longer run times and brighter light output as compared to self-generating lights. Based on application, mountain bikes are expected dominate the global bicycle taillight market during 2018-2030 followed by electric bikes.
Product Definition:
A bicycle taillight is a light that is attached to the rear of a bicycle to indicate the location and movement of the bike to motorists, pedestrians, and other cyclists.
Self Generating Lights:
Self-generating lights, also known as solar lights or photovoltaic lighting systems, are a type of energy-efficient light source. They harness the power of the sun and use it to generate electricity. These bicycle tailights are made up of plastic or glass and can be easily attached to a bike's rear rack with strong adhesive tape (supplied with the product).
Battery Powered Lights:
Battery powered lights are small in size and can be attached to the bicycle. It has a wide range of applications such as it can be used as a front light, rear light or side light. The battery powered lights are available in different colors such as red, green yellow and blue which makes them visible from a far distance.
Application Insights:
The other application segment includes road bike, BMX, and kids bicycle. Other types of bicycles have different requirements as compared to mountain bikes. For instance, the other type does not require a brake light as there is no need to stop at a signal or give warning about the presence of another vehicle¢â‚¬â„¢s lights. Moreover, battery powered lights are lightweight and consume less power which makes them suitable for use on other bicycles than mountain bikes. The kid's bicycle has additional safety features such as reflectors on its rear wheel that help in improving visibility in low-light conditions along with additional security measures such as locks installed on the handlebars making it difficult for children to ride away from home without adult supervision.
The electric bike segment is expected to expand at a CAGR of XX% over the forecast period owing to increased government initiatives encouraging usage of e-bikes across various cities worldwide including Amsterdam, Copenhagen.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing sales of bicycles, rising awareness about bicycle safety, and growing penetration of electric bike in China. Europe also accounted for a significant share owing to increased spending on bicycling activities across countries such as Germany, U.K., Italy among others has boosted product demand in this region.
North America is anticipated to witness substantial growth due to increasing focus on health & fitness by governments as well as consumers which leads them ride more often than usual thus generating higher revenue for bicycle taillights manufacturers such as Cygolite who are expanding their reach across U.S.
Growth Factors:
- Increasing demand for bicycle safety gear owing to the increasing number of cycling enthusiasts
- Rising awareness about the benefits of using a bicycle taillight for improved safety while riding in low light conditions or at night
- Technological advancements in LED lighting that have resulted in more powerful and brighter bike taillights
- Growing popularity of cycling as a means of transportation and exercise, which is driving demand for bicycle accessories, including taillights
- Entry of new players into the market, resulting in increased competition and product innovation
Scope Of The Report
Report Attributes
Report Details
Report Title
Bicycle Taillight Market Research Report
By Type
Self Generating Lights, Battery Powered Lights
By Application
Mountain Bike, Electric Bike, Other
By Companies
Mujo International, Letdooo, Serfas, Planet Bike, Blitzu, Magnus Innovation, Mujo International
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Bicycle Taillight Market Report Segments:
The global Bicycle Taillight market is segmented on the basis of:
Types
Self Generating Lights, Battery Powered Lights
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
Mountain Bike, Electric Bike, Other
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:
- Mujo International
- Letdooo
- Serfas
- Planet Bike
- Blitzu
- Magnus Innovation
- Mujo International
Highlights of The Bicycle Taillight 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:
- Self Generating Lights
- Battery Powered Lights
- By Application:
- Mountain Bike
- Electric Bike
- Other
- 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 Taillight 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
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?
A bicycle taillight is a small light on the back of a bicycle that helps riders be seen while riding at night.
Some of the major companies in the bicycle taillight market are Mujo International, Letdooo, Serfas, Planet Bike, Blitzu, Magnus Innovation, Mujo International.
The bicycle taillight market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Taillight 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 Taillight Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bicycle Taillight 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 Taillight 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 Taillight Market Size & Forecast, 2020-2028
4.5.1 Bicycle Taillight Market Size and Y-o-Y Growth
4.5.2 Bicycle Taillight Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Self Generating Lights
5.2.2 Battery Powered Lights
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Mountain Bike
6.2.2 Electric Bike
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bicycle Taillight 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 Taillight 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Self Generating Lights
9.6.2 Battery Powered Lights
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 Market Size Forecast by Applications
9.10.1 Mountain Bike
9.10.2 Electric Bike
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Self Generating Lights
10.6.2 Battery Powered Lights
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 Market Size Forecast by Applications
10.10.1 Mountain Bike
10.10.2 Electric Bike
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Self Generating Lights
11.6.2 Battery Powered Lights
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 Market Size Forecast by Applications
11.10.1 Mountain Bike
11.10.2 Electric Bike
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Self Generating Lights
12.6.2 Battery Powered Lights
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 Market Size Forecast by Applications
12.10.1 Mountain Bike
12.10.2 Electric Bike
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Self Generating Lights
13.6.2 Battery Powered Lights
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) Market Size Forecast by Applications
13.10.1 Mountain Bike
13.10.2 Electric Bike
13.10.3 Other
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 Taillight Market: Competitive Dashboard
14.2 Global Bicycle Taillight Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mujo International
14.3.2 Letdooo
14.3.3 Serfas
14.3.4 Planet Bike
14.3.5 Blitzu
14.3.6 Magnus Innovation
14.3.7 Mujo International
