Product ID: UCMIG25D2004
Report ID:
UCMIG25D2004 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The worldwide bicycle lights market was valued at USD 305.4 million in 2021, and it is predicted to rise from USD 326.64 million in 2022 to USD 569.38 million by 2029, exhibiting a CAGR of 8.3% throughout the forecast period. The global COVID-19 pandemic had an unprecedented impact on the bicycle lights market, causing a surge in demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market saw an increase of 27.0% in 2020 compared to 2019.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Motorcycle Manufacturers by segment aggregation, the contribution of the Motorcycle Manufacturers in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25D2004