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World - Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected growth of the global bicycle lighting market from 2022 to 2030, with an anticipated increase in volume and value. Consumption trends, key consuming countries (such as China, Russia, and France), production volumes, import and export statistics, and average prices are analyzed. China emerges as a major player in both production and exports, with consistent growth in the industry. Various trends and fluctuations in the market are examined, providing valuable insights for industry stakeholders.
Market Forecast
Driven by rising demand for bicycle lighting worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 242M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles
In 2022, after three years of decline, there was significant growth in consumption of electrical or battery operated lighting or visual signalling for bicycles, when its volume increased by 31% to 202M units. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Over the period under review, global consumption reached the maximum volume at 298M units in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
The global bicycle lighting market value skyrocketed to $692M in 2022, growing by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at $751M in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (55M units), Russia (45M units) and France (25M units), together accounting for 62% of global consumption. Germany, the United States, Hong Kong SAR and Bangladesh lagged somewhat behind, together accounting for a further 15%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Bangladesh (with a CAGR of +43.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Russia ($122M), China ($109M) and Germany ($106M) were the countries with the highest levels of market value in 2022, with a combined 49% share of the global market. France, the United States, Hong Kong SAR and Bangladesh lagged somewhat behind, together accounting for a further 17%.
Bangladesh, with a CAGR of +34.3%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of bicycle lighting per capita consumption was registered in France (369 units per 1000 persons), followed by Germany (169 units per 1000 persons), China (39 units per 1000 persons) and the United States (22 units per 1000 persons), while the world average per capita consumption of bicycle lighting was estimated at 0.3 units per 1000 persons.
In France, bicycle lighting per capita consumption increased at an average annual rate of +2.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Germany (+2.2% per year) and China (-2.1% per year).
Production
World Production of Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles
In 2022, production of electrical or battery operated lighting or visual signalling for bicycles was finally on the rise to reach 273M units after three years of decline. In general, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 10%. Over the period under review, global production reached the peak volume at 406M units in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.
In value terms, bicycle lighting production reduced to $647M in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. As a result, production attained the peak level of $872M. From 2018 to 2022, global production growth failed to regain momentum.
Production By Country
The country with the largest volume of bicycle lighting production was China (158M units), accounting for 58% of total volume. Moreover, bicycle lighting production in China exceeded the figures recorded by the second-largest producer, Russia (42M units), fourfold. France (37M units) ranked third in terms of total production with a 14% share.
In China, bicycle lighting production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Russia (-12.2% per year) and France (+0.3% per year).
Imports
World Imports of Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles
After three years of growth, purchases abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by -23.3% to 90M units in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of 117M units, and then declined sharply in the following year.
In value terms, bicycle lighting imports shrank markedly to $461M in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $578M, and then shrank sharply in the following year.
Imports By Country
The purchases of the four major importers of electrical or battery operated lighting or visual signalling for bicycles, namely Germany, the Netherlands, the United States and France, represented more than third of total import. Poland (3.7M units), Bangladesh (3.6M units), Italy (3.2M units), Russia (2.5M units), Belgium (2.5M units), Japan (2.2M units), Taiwan (Chinese) (2.2M units), Brazil (2.2M units) and the UK (2.1M units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +43.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($84M), the Netherlands ($47M) and the United States ($34M) were the countries with the highest levels of imports in 2022, together comprising 36% of global imports. France, Japan, Belgium, Poland, the UK, Italy, Taiwan (Chinese), Russia, Bangladesh and Brazil lagged somewhat behind, together accounting for a further 28%.
Bangladesh, with a CAGR of +21.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average bicycle lighting import price stood at $5.1 per unit in 2022, increasing by 4% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $5.8 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($8.5 per unit), while Bangladesh ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles
In 2022, after two years of growth, there was significant decline in shipments abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by -26.9% to 161M units. Over the period under review, exports saw a mild decline. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. Over the period under review, the global exports reached the peak figure at 220M units in 2021, and then declined markedly in the following year.
In value terms, bicycle lighting exports contracted dramatically to $559M in 2022. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Over the period under review, the global exports hit record highs at $661M in 2021, and then dropped remarkably in the following year.
Exports By Country
China was the major exporter of electrical or battery operated lighting or visual signalling for bicycles in the world, with the volume of exports resulting at 104M units, which was near 64% of total exports in 2022. France (19M units) held the second position in the ranking, followed by the Netherlands (11M units) and Taiwan (Chinese) (7.9M units). All these countries together held approx. 24% share of total exports. The following exporters - Germany (6.8M units) and Hong Kong SAR (2.9M units) - together made up 6% of total exports.
China was also the fastest-growing in terms of the electrical or battery operated lighting or visual signalling for bicycles exports, with a CAGR of +1.7% from 2012 to 2022. Taiwan (Chinese) and France experienced a relatively flat trend pattern. the Netherlands (-1.9%), Germany (-9.5%) and Hong Kong SAR (-9.9%) illustrated a downward trend over the same period. While the share of China (+18 p.p.) and France (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (-2.6 p.p.) and Germany (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($255M) remains the largest bicycle lighting supplier worldwide, comprising 46% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($86M), with a 15% share of global exports. It was followed by Germany, with a 10% share.
In China, bicycle lighting exports increased at an average annual rate of +7.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+9.9% per year) and Germany (+6.7% per year).
Export Prices By Country
In 2022, the average bicycle lighting export price amounted to $3.5 per unit, with an increase of 16% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle lighting export price increased by +47.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($11 per unit), while France ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global bicycle lighting market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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