Get In Touch

Bicycle lights and reflectors are considered as a necessity, especially for adventurous riders who prefer to ride in the night. Bicycle lights are needed when there is less light and visibility. Mountaineering and adventure cycling is a rising sport now-a-days, wherein lights such as front bike lights, rear bike lights, straps and reflectors, and spoke lights have become a necessity for bicycle riders. Various laws globally mandate the installation of lights and reflectors on bicycles and the correct positioning of these lights.The legislation which involves bicycle lighting is the Road Vehicles Lighting Regulations 1989 (amended in 1994 and 2005), normally abbreviated to RVLR. According to the law, cyclists travelling at night are required to have front lamps emitting white light with a visibility of at least 500 feet. These lights and reflectors help the riders to see the obstacles by illuminating the roads, without dazzling the other road users. These lights are generally light colored and reflective enough to scatter the light on the road.

Cycling as a sport and fitness activity has seen growth in recent years due to changing lifestyles and increasing awareness of its health benefits, leading to wide availability of technically advanced bicycles with facilities such as lights and reflectors for the convenience of riders. These features in the bicycles have increased the number of buyers, who consider this mode of transport as a cheap and environmentally safe option for travelling. Another driving factor that has resulted in the growth of the bicycle lights and reflectors market is the increase in number of working women who are majorly focused on health benefits of riding a bicycle and its convenience. However, the cost of these cycles which are mounted with high cost lights and reflectors sometimes restrains the buyers from purchasing these cycles.

The global bicycle lights and reflectors market can be segmented based on type, light type, power supply, distribution channel, and region. In terms of type, the bicycle lights and reflectors market can be classified into front bike lights, rear bike lights, reflectors, wheel and spoke lights, and others. On the basis of light type, the bicycle lights and reflectors market is classified as incandescent bulbs, LEDs, and HID. The power supply segment can be divided into USB charger, AC charger, and battery. The distribution channel segment can be categorized as online and offline. The offline segment can be further sub-segmented into specialty stores, sports goods shops, supermarkets, and hypermarkets. Based on region, the global bicycle lights and reflectors market can be divided into South America (Brazil), Asia Pacific (India, China, and Japan), Middle East & Africa (GCC and South Africa), North America (the U.S. and Canada), and Europe (the U.K., France, and Germany).

Some of the key players operating in the global bicycle lights and reflectors market include Trek Bicycle Corporation, Revolights Inc., Kryptonite, Goldmore Co., Ltd., DiNotte Lighting, KNOG, Lupine, Cygolite, Lezyne, and Princeton Tec. Various technological advancements in terms of safety of bicycle lights and reflector products are enabling major players in the industry to upgrade their product portfolio to meet the regulatory requirements. Furthermore, players in North America and Europe, with high prevalence of bicycle sports, are working continuously to maintain their position and brand value in the market for bicycle lights and reflectors. Europe is projected to hold the major share in terms of revenue in the bicycle lights and reflectors market. Additionally, the market in Asia Pacific is expected to witness considerable growth rate, due to a rise in awareness about the health benefits of the sport in the region, ultimately promoting the bicycle lights and reflectors market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Bicycle Lights And Reflectors Market

Pre Book