Market Overview:
The global bike rear lights 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 electric bikes and mountain bikes, globally. Additionally, factors such as technological advancements and rising awareness about safety are also contributing to the growth of this market. The global bike rear lights market is segmented on the basis of type into self-generating lights and battery powered lights. The self-generating light segment is expected to hold a larger share in the global bike rear light market during the forecast period owing to its low cost and easy installation. However, battery powered light segments are projected to witness higher growth rates due its longer run time as compared with self-generating lights. On the basis of application,the global bike rearlightsmarketis divided into mountainbike, electricbikeand other applications such as cyclingto work or school etc.).
Product Definition:
Bike rear lights are small, usually LED lights that attach to the back of a bicycle to make the cyclist more visible from behind. Rear bike lights are often required by law in some jurisdictions, and they can be helpful for cyclists who ride in low-light conditions.
Self Generating Lights:
Self-generating lights are also known as photovoltaic lighting. It is an energy harvesting technology that converts the sun's rays into electricity. The main aim of this technology is to provide clean and sustainable energy for use in residential, commercial, and industrial applications at a lower cost compared to conventional sources like solar panels or batteries.
Battery Powered Lights:
Battery powered lights are small LED or LCD display devices that can be attached to the rear of a bike. They serve two purposes, namely making the back of bikes look cool and also warning other road users about your presence. The type of light used depends on the application and usage scenario. For instance, if it is dark then an high power LED light would be sufficient whereas if it is bright then an LCD might suffice.
Application Insights:
The other application segment includes bicycles, motorcycles and scooters. The bicycle segment held the largest share of 53.1% in 2017 owing to the increasing use of bicycles for recreational and utility purposes. Bicycles are used by a large number of people as a primary mode of transport due to their ease of handling and storage as compared to other modes such as buses or trains. Furthermore, growing concerns regarding road safety coupled with rising usage rates have led more consumers towards purchasing bikes over the recent past years which is expected to drive demand over the forecast period.
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, electric bikes, and motorcycles in countries such as China, Japan, India among others. Moreover, rising concerns regarding road safety have resulted in increased adoption of bike rear lights across this region. Europe accounted for a significant share owing to high demand for premium quality bicycle frames that are equipped with these lights as standard equipment by manufacturers including Canyon Bicycles Ltd., Cinelli S.p.A., Merida sas di Gino Sarria & Stefano Marini and many more European brands (BikeRadar 2018).
North America is also anticipated to witness considerable growth over the next eight years due to increasing awareness about road safety coupled with growing popularity of mountain biking events across this region (MTBxG 2018).
Growth Factors:
- Increasing demand for bike safety gear owing to rising awareness about road safety
- Rising popularity of cycling as a mode of transportation
- Technological advancements in bike rear lights that offer enhanced visibility and safety features
- Growing number of cycling enthusiasts and amateur cyclists
- Government initiatives and regulations promoting the use of bicycle lights
Scope Of The Report
Report Attributes
Report Details
Report Title
Bike Rear Lights 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Bike Rear Lights Market Report Segments:
The global Bike Rear Lights 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 Bike Rear Lights 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 Bike Rear Lights 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?
Bike rear lights are a type of bike light that attaches to the back of a bicycle. They can be used to make biking at night easier and safer, as well as increase visibility for other drivers.
Some of the major companies in the bike rear lights market are Mujo International, Letdooo, Serfas, Planet Bike, Blitzu, Magnus Innovation, Mujo International.
The bike rear lights 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 Bike Rear Lights 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 Bike Rear Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bike Rear Lights 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 Bike Rear Lights 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 Bike Rear Lights Market Size & Forecast, 2020-2028
4.5.1 Bike Rear Lights Market Size and Y-o-Y Growth
4.5.2 Bike Rear Lights 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 Bike Rear Lights 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 Bike Rear Lights 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 Bike Rear Lights Market: Competitive Dashboard
14.2 Global Bike Rear Lights 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
