The Bicycle Day-time Running Lights (DRL) market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Bicycle lights help improve the visibility of the bicycle riders as well as other road users when there is an insufficient lighting condition. These lights help illuminate the reflective traffic and road signals on the road. They also help the rider to see and identify the hazards ahead on the road.
The latest trend gaining momentum in the market is Integration with smartphone. The demand for connectivity and telematics have led to technological improvements that aim at enhancing the overall experience of the riders. The integration of smartphones to the DRL enables users to control the lights and their brightness and also in improving the run time and conserving battery life. In addition, one of the major drivers for this market is Adoption of bicycle as a means of commute. EMEA is witnessing an increased demand for bicycles since cities Paris, Copenhagen, and Hamburg are turning car free by adopting bicycles. The adoption of DRL is mandatory in Germany and this is also influencing the other regions in EMEA to impose regulations on the usage of DRL in bicycles.
In the global Bicycle Day-time Running Lights (DRL) market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
CatEye
Knog
Lezyne
See.Sense
Trek Bicycle Corporation
Market Segment by Product Type
Rear DRL
Front DRL
Market Segment by Application
Online Sales
Offline Sales
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Bicycle Day-time Running Lights (DRL) market for the forecast period 2020 - 2025?
• What are the driving forces in the Bicycle Day-time Running Lights (DRL) market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Bicycle Day-time Running Lights (DRL) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?