Market Overview:
The global marine spreader 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 LED lights and rising maritime trade across different regions. Based on type, the global marine spreader lights market is segmented into 3.6W LED Lights, 12W LED Lights, 18W LED Lights, 30W LED Lights and 40W LED Lights. Among these segments, 3.6 W LEDs are expected to witness highest growth during the forecast period owing to their low power consumption and high efficiency as compared to other types of LEDs available in the market currently. Based on application, sailboats are expected to account for majority share of global marine spreader light market followed by fishing boats and cargo ships during the forecast period from 2018-2030 owing higher adoption rates for these applications globally as compared others such as passenger ships.
Product Definition:
Marine Spreader Lights are navigation lights used on boats to indicate the boat's position and direction to other vessels. They are typically mounted on spreaders, hence the name, and consist of a white light at the front and a red light at the back.
3.6W LED Lights:
3.6W LED lights, it's usage.
The global 3.6W LED lights, it's usage and growth factor in the marine spreader light market size was valued at USD 472.1 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022 owing to its increasing use as deck lighting on vessels including cruise ships, ferries, coastal defense ships among others.
12W LED Lights:
12W LED lights is a new lighting technology that has been evolving over the past few years. The first 12W LED light was launched in 2010 and since then, continuous developments have led to the introduction of more efficient and advanced products. These lights are used as navigation lighting for ships or boats as well as for car parking on land. They offer better performance than conventional incandescent bulbs with a longer life span, which makes them ideal for applications such as marine spreader lights.
Application Insights:
The others segment includes personal watercraft, power boats and yachts. The demand for marine spreader lights in this segment is expected to witness growth owing to the growing recreational activities among the consumers of luxury goods. Moreover, increasing penetration of LED lights in these vessels as they offer better visibility at night will drive growth further.
In 2017, sailboats accounted for a major market share in terms of revenue and are estimated to maintain their dominance over the forecast period due to rising popularity among sports enthusiasts across various regions coupled with high availability of products within a reasonable price range. Furthermore, favorable government regulations regarding safety equipment such as life preservers along with other aids for sailors are anticipated to boost product demand during the forecast period.
Regional Analysis:
Asia Pacific dominated the global marine spreader lights market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a significant rate over the forecast period. This growth can be attributed to increasing awareness regarding maritime safety, coupled with stringent regulations laid down by various regulatory bodies such as IMO (International Maritime Organization) and Lights at Sea (LAS). Increasing adoption of LED lights across all categories of vessels including fishing boats, cargo ships, passenger ships, recreational vessels etc., has been one of the major factors responsible for driving demand across this region.
The North America market was valued at USD X million in 2017 owing to rising adoption across all types & categories of vessels including yachts/ pleasure craft fishing boats etc., which are subsequently followed by Europe & rest Of World (RoW).
Growth Factors:
- Increasing demand for seafood due to changing dietary preferences of people across the globe is expected to drive the growth of marine spreader lights market over the forecast period.
- Rising awareness about the health benefits associated with consumption of seafood is anticipated to boost demand for marine spreader lights products over the next few years.
- Growing popularity of aquaculture as a sustainable food production method is projected to fuel growth of marine spreader lights market in near future.
- Proliferation of modern retail formats and increasing online penetration are some other factors that are likely to contribute towards expansion of global marine spreader light market in coming years. 5) Technological advancements in LED lighting technology are anticipated to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Spreader Lights Market Research Report
By Type
3.6W LED Lights, 12W LED Lights, 18W LED Lights, 30W LED Lights, 40W LED Lights
By Application
Sailboats, Fishing Boats, Cargo Ships, Passenger Ships, Others
By Companies
Calibra Marine Equipment, Lumitec, Osram, TACO Marine, DRSA Lights, LEANING TECH, Kawell, Hangzhou Jiawill Technology, ITC Marine, Innovative Lighting, Lunasea Lighting (Digitron Electronics)
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Marine Spreader Lights Market Report Segments:
The global Marine Spreader Lights market is segmented on the basis of:
Types
3.6W LED Lights, 12W LED Lights, 18W LED Lights, 30W LED Lights, 40W LED 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
Sailboats, Fishing Boats, Cargo Ships, Passenger Ships, Others
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:
- Calibra Marine Equipment
- Lumitec
- Osram
- TACO Marine
- DRSA Lights
- LEANING TECH
- Kawell
- Hangzhou Jiawill Technology
- ITC Marine
- Innovative Lighting
- Lunasea Lighting (Digitron Electronics)
Highlights of The Marine Spreader 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:
- 3.6W LED Lights
- 12W LED Lights
- 18W LED Lights
- 30W LED Lights
- 40W LED Lights
- By Application:
- Sailboats
- Fishing Boats
- Cargo Ships
- Passenger Ships
- Others
- 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 Marine Spreader 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
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Marine spreader lights are a type of fishing light used to illuminate water in order to attract fish. They come in a variety of shapes and sizes, and can be attached to poles or booms.
Some of the major companies in the marine spreader lights market are Calibra Marine Equipment, Lumitec, Osram, TACO Marine, DRSA Lights, LEANING TECH, Kawell, Hangzhou Jiawill Technology, ITC Marine, Innovative Lighting, Lunasea Lighting (Digitron Electronics).
The marine spreader lights market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Spreader Lights Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Spreader Lights Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Spreader Lights Market - Supply Chain
4.5. Global Marine Spreader Lights Market Forecast
4.5.1. Marine Spreader Lights Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Spreader Lights Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Spreader Lights Market Absolute $ Opportunity
5. Global Marine Spreader Lights Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Spreader Lights Market Size and Volume Forecast by Type
5.3.1. 3.6W LED Lights
5.3.2. 12W LED Lights
5.3.3. 18W LED Lights
5.3.4. 30W LED Lights
5.3.5. 40W LED Lights
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Spreader Lights Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Spreader Lights Market Size and Volume Forecast by Application
6.3.1. Sailboats
6.3.2. Fishing Boats
6.3.3. Cargo Ships
6.3.4. Passenger Ships
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Spreader Lights Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Spreader Lights Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Spreader Lights Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Spreader Lights Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Spreader Lights Demand Share Forecast, 2019-2026
9. North America Marine Spreader Lights Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Spreader Lights Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Spreader Lights Market Size and Volume Forecast by Application
9.4.1. Sailboats
9.4.2. Fishing Boats
9.4.3. Cargo Ships
9.4.4. Passenger Ships
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Spreader Lights Market Size and Volume Forecast by Type
9.7.1. 3.6W LED Lights
9.7.2. 12W LED Lights
9.7.3. 18W LED Lights
9.7.4. 30W LED Lights
9.7.5. 40W LED Lights
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Spreader Lights Demand Share Forecast, 2019-2026
10. Latin America Marine Spreader Lights Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Spreader Lights Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Spreader Lights Market Size and Volume Forecast by Application
10.4.1. Sailboats
10.4.2. Fishing Boats
10.4.3. Cargo Ships
10.4.4. Passenger Ships
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Spreader Lights Market Size and Volume Forecast by Type
10.7.1. 3.6W LED Lights
10.7.2. 12W LED Lights
10.7.3. 18W LED Lights
10.7.4. 30W LED Lights
10.7.5. 40W LED Lights
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Spreader Lights Demand Share Forecast, 2019-2026
11. Europe Marine Spreader Lights Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Spreader Lights Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Spreader Lights Market Size and Volume Forecast by Application
11.4.1. Sailboats
11.4.2. Fishing Boats
11.4.3. Cargo Ships
11.4.4. Passenger Ships
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Spreader Lights Market Size and Volume Forecast by Type
11.7.1. 3.6W LED Lights
11.7.2. 12W LED Lights
11.7.3. 18W LED Lights
11.7.4. 30W LED Lights
11.7.5. 40W LED Lights
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Spreader Lights Demand Share, 2019-2026
12. Asia Pacific Marine Spreader Lights Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Spreader Lights Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Spreader Lights Market Size and Volume Forecast by Application
12.4.1. Sailboats
12.4.2. Fishing Boats
12.4.3. Cargo Ships
12.4.4. Passenger Ships
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Spreader Lights Market Size and Volume Forecast by Type
12.7.1. 3.6W LED Lights
12.7.2. 12W LED Lights
12.7.3. 18W LED Lights
12.7.4. 30W LED Lights
12.7.5. 40W LED Lights
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Spreader Lights Demand Share, 2019-2026
13. Middle East & Africa Marine Spreader Lights Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Spreader Lights Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Spreader Lights Market Size and Volume Forecast by Application
13.4.1. Sailboats
13.4.2. Fishing Boats
13.4.3. Cargo Ships
13.4.4. Passenger Ships
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Spreader Lights Market Size and Volume Forecast by Type
13.7.1. 3.6W LED Lights
13.7.2. 12W LED Lights
13.7.3. 18W LED Lights
13.7.4. 30W LED Lights
13.7.5. 40W LED Lights
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Spreader Lights Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Spreader Lights Market: Market Share Analysis
14.2. Marine Spreader Lights Distributors and Customers
14.3. Marine Spreader Lights Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Calibra Marine Equipment
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lumitec
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Osram
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TACO Marine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DRSA Lights
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LEANING TECH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kawell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hangzhou Jiawill Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ITC Marine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Innovative Lighting
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lunasea Lighting (Digitron Electronics)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
