The global Portable Lighting market was valued at US$ 2459.5 million in 2019 and is expected to reach US$ 3474 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
A portable light is the light that can be moved around, which include headlamps, flashlights, area lights and other type of portable lights. The portable lights are widely used in outdoor, industrial and residential etc.
This industry is highly fragmented. Most companies are small except for a few large companies. These small businesses have different levels of technical management and production management. Especially in China, many small companies blindly imitate the products of large enterprises. In the competition, these companies often occupy the market by low prices. Portable lighting industry concentration is relatively low. Of the major players of Portable Lighting, Maglite maintained its first place in the ranking in 2018. Maglite accounted for 7.27% of the Global Portable Lighting revenue market share in 2018. Other players accounted for 7.05%, 4.97% including Kang Mingsheng and Energizer.n this study, the market for Portable Lighting consumption divided into five geographic regions. In terms of value, North America accounted for 33.17% of global Portable Lighting market share, in the Europe 34.49%, in Asia Pacific 26.77%, in Central & South America 3.28% and in Middle East and Africa 2.29%. Among all regions, Europe is estimated to represent the highest share. In terms of volume, Asia Pacific occupied the largest global market share and is forecast to grow at a faster pace versus other regions during the forecast period.On the basis of product type, the Flashlights segment is projected to account for the largest volume share during the forecast period; this segment was estimated to account for 47.42% volume share in 2018. The Headlamps and Area lights/lanterns category is forecast to increase at the fastest pace during the forecast period, Bicycle lights is forecast to increase at the slowest pace during the forecast period. In the applications, the Outdoor used Portable Lighting is projected to lead in relative market share of the global consumption volume with 50% in 2018. The Industrial application will increase at the CAGR of 4.81% in the use of Portable Lighting. The Residential Portable Lighting will increase at the CAGR of 4.28% in the use of Portable Lighting.
Global Portable Lighting Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Portable Lighting Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Maglite, Kang Mingsheng, Energizer, Ledlenser, Kennede, Dp Lighting, Taigeer, Ocean’s King, Surefire, Dorcy, Nite Ize, Nitecore, Jiage, Petzl, Nextorch, Fenix, Pelican, Twoboys, Olight, Streamlight, Princeton, Wolf Eyes, Browning and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-portable-lighting-market-research-report
Segment by Type
- Area lights/lanterns
- Bicycle lights
In 2019, Flashlights accounted for a major share of 47% in the global Portable Lighting market. And this product segment is poised to reach 89.72 (M Units) by 2024 from 73.16 (M Units) in 2019.
Segment by Application
In Portable Lighting market, Outdoor segment holds an important share in terms of application, and it is expected to reach a volume of 84.05 (M Units) by 2024, at a CAGR of 2.79% during 2019 and 2024. It means that Portable Lighting will be promising in the Outdoor field in the next couple of years.
Table of Content:
1 Portable Lighting Market Overview
2 Portable Lighting Market Competition by Manufacturers
3 Portable Lighting Retrospective Market Scenario by Region
4 Global Portable Lighting Historic Market Analysis by Type
5 Global Portable Lighting Historic Market Analysis by Application
6 Key Companies Profiled
7 Portable Lighting Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Portable Lighting Market Dynamics
10 Global Portable Lighting Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta