Global Portable Lights Revenue Market Was Valued At $ 2213.0 Million In 2017
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According to the report, global revenue for Portable Lights market was valued at $ 2213.0 million in 2017, and is expected to generate revenue of $ 3221.3 million by end of 2025, growing at a CAGR of 4.80% between 2017 and 2025.
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 Lights industry concentration is relatively low. Of the major players of Portable Lights, Maglite maintained its first place in the ranking in 2017. Maglite accounted for 7.26% of the Global Portable Lights revenue market share in 2017. Other players accounted for 6.94%, 5.06% including Kang Mingsheng and Energizer.
In this study, the market for Portable Lights consumption divided into five geographic regions. In terms of value, North America accounted for 33.20% of global Portable Lights market share, in the Europe 39.70%, in Asia Pacific 22.36%, in Central & South America 3.33% and in Middle East and Africa 1.41%. 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 47.29% volume share in 2017. 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 Lights is projected to lead in relative market share of the global consumption volume with 48.51% in 2017. The Industrial application will increase at the CAGR of 4.81% in the use of Portable Lights. The Residential Portable Lights will increase at the CAGR of 4.28% in the use of Portable Lights