Market Overview:
The global inspection lamps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable lighting devices, especially in the emergency and workshop applications. Magnetic inspection lamps are expected to dominate the market during the forecast period, owing to their features such as easy handling and portability.
Product Definition:
An inspection lamp is a device used to provide illumination for close work. It typically has an incandescent light bulb and a flexible arm.
Magnetic:
Magnetic is an invisible force that can be harnessed for various applications. It is responsible for the attraction and repulsion between magnets, which gives rise to a current of electricity. The most common source of magnetic energy is the magnetron in television sets. Another important application of magneticism is in Magnetic Resonance Imaging (MRI).
No Magnetic:
No magnetic is a material which can be magnetized but cannot be attracted by an external magnetic field. It does not exist in nature and has to be produced artificially. The most common form of no magnetic material is ferromagnetic materials, such as iron ore, nickel-iron alloys, and cobalt-based magnets.
Application Insights:
The global inspection lamps market is segmented on the basis of application into home use, workshop and emergency use. The home use segment held a major share in 2016 owing to the growing awareness among consumers about using efficient lighting for tasks such as reading, cooking and cleaning. Consumers are also inclined toward purchasing these products due to their high efficiency in comparison with traditional incandescent or fluorescent light sources.
In addition, increasing penetration of smart devices has led consumers toward adopting convenient solutions that enhance convenience along with energy conservation efforts by manufacturers such as Philips Lighting Solutions. These initiatives have resulted in increased demand for LED-based inspection lamps across various applications globally.
The product finds extensive usage within workshops due to its ability to provide bright illumination while working on different types of projects or activities that require precision measuring equipment during construction or renovation work at a specific location within a building complex (for instance electrical installations).
Regional Analysis:
Asia Pacific inspection lamps market is expected to grow at the highest CAGR of XX% over the forecast period owing to increasing construction activities in emerging economies such as China and India. In addition, growing awareness regarding fire safety and security is anticipated to drive demand for inspection lamps in this region. Furthermore, rising number of manufacturing facilities in Asia Pacific countries such as China and India are expected to fuel product demand during the forecast period.
North America accounted for a significant share of global revenue due to presence of numerous end-users including electrical & electronics manufacturers, automotive component producers, HVAC/R manufacturer etc.
Growth Factors:
- Increasing demand for automobiles
- Growing construction and infrastructure activities
- Rising awareness about safety and security among consumers
- Proliferation of online retail platforms
- Technological advancements in inspection lamps
Scope Of The Report
Report Attributes
Report Details
Report Title
Inspection Lamps Market Research Report
By Type
Magnetic, No Magnetic
By Application
Home Use, Workshop, Emergency Use
By Companies
Philip, Ring Automotive, Sealey SlimFlex, Draper Tools, Laser Tools, NightSearcher, WOLF SAFETY, HELLA, Unilite, Labino AB, JMACS
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Inspection Lamps Market Report Segments:
The global Inspection Lamps market is segmented on the basis of:
Types
Magnetic, No Magnetic
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
Home Use, Workshop, Emergency Use
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:
- Philip
- Ring Automotive
- Sealey SlimFlex
- Draper Tools
- Laser Tools
- NightSearcher
- WOLF SAFETY
- HELLA
- Unilite
- Labino AB
- JMACS
Highlights of The Inspection Lamps 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:
- Magnetic
- No Magnetic
- By Application:
- Home Use
- Workshop
- Emergency Use
- 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 Inspection Lamps 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?
Inspection lamps are used to inspect items for defects.
Some of the major companies in the inspection lamps market are Philip, Ring Automotive, Sealey SlimFlex, Draper Tools, Laser Tools, NightSearcher, WOLF SAFETY, HELLA, Unilite, Labino AB, JMACS.
The inspection lamps market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inspection Lamps 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 Inspection Lamps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inspection Lamps 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 Inspection Lamps 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 Inspection Lamps Market Size & Forecast, 2020-2028
4.5.1 Inspection Lamps Market Size and Y-o-Y Growth
4.5.2 Inspection Lamps 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 Magnetic
5.2.2 No Magnetic
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 Home Use
6.2.2 Workshop
6.2.3 Emergency Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inspection Lamps 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 Inspection Lamps 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 Magnetic
9.6.2 No Magnetic
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 Home Use
9.10.2 Workshop
9.10.3 Emergency Use
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 Magnetic
10.6.2 No Magnetic
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 Home Use
10.10.2 Workshop
10.10.3 Emergency Use
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 Magnetic
11.6.2 No Magnetic
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 Home Use
11.10.2 Workshop
11.10.3 Emergency Use
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 Magnetic
12.6.2 No Magnetic
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 Home Use
12.10.2 Workshop
12.10.3 Emergency Use
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 Magnetic
13.6.2 No Magnetic
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 Home Use
13.10.2 Workshop
13.10.3 Emergency Use
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 Inspection Lamps Market: Competitive Dashboard
14.2 Global Inspection Lamps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philip
14.3.2 Ring Automotive
14.3.3 Sealey SlimFlex
14.3.4 Draper Tools
14.3.5 Laser Tools
14.3.6 NightSearcher
14.3.7 WOLF SAFETY
14.3.8 HELLA
14.3.9 Unilite
14.3.10 Labino AB
14.3.11 JMACS
