Global e-bike lights market is projected to witness a CAGR of 7.93% during the forecast period 2024-2031, growing from USD 789.18 million in 2023 to USD 1453.16 million in 2031. The market has experienced growth in recent years and is expected to maintain an expansion in the coming years due to the rapid production of e-bikes, the rising adoption of LED lights, significant technological advancement in technology, and rising awareness concerning road safety. The increasing e-bikes sales, the rising establishment of manufacturing facilities, and a rapid trend of customization are projected to propel the global e-bike light market demand in the forecast period. A shift in the lighting preferences of consumers and a growing demand for e-bikes as a convenient mode of transportation resulted in the growing adoption of e-bike lights across the globe. In addition, governments across the globe are framing policies for reducing carbon emissions, driving the adoption of e-bikes which further accelerates the requirement for e-bike lights globally. Also, governments in emerging countries implement campaigns to provide awareness concerning the efficient usage of lights in e-bikes and other automobiles, increasing the adoption rate of e-bike lights.
Manufacturers in the global e-bike light market are significantly planning to launch new products to address the rising demand from consumers. Furthermore, key participants in the market are efficiently advancing the products by integrating artificial intelligence and emphasizing safety features to dominate the global e-bike lights market share in the forecast period.
For instance, OSRAM Licht AG offers a range of lighting solutions for different types of automobiles including e-bikes, trucks, and others coupled with increasing aims at sensor technology and visualization by light.
Technological Advancement in E-bike Lights Push the Global e-bike Light Market Growth
The number of fatalities is rising due to bad conditions and the non-functioning of lights in e-bikes and other automobiles. Hence, the governments of the respective countries are framing different policies and regulations concerning technological advancement considering e-bikes to control the number of rising fatalities. In addition, companies in the market are efficiently introducing new lighting solutions for e-bikes featuring advanced technologies including laser light technology, organic light-emitting diodes, adaptable OLEDs, and others to remain competitive in the market and address the growing demand for vehicle safety. Some of the advanced lighting technologies comprise smart LEDs, smart functional surfaces, and others to detect changes in the state of the road, and keep passengers safe from glare, driving the global e-bike lights market growth.
For instance, Spanninga Metaal B.V. offers cutting-edge lighting solutions for e-bikes, bicycles, and others that improve the user experience in traffic and is committed to transforming ideas into reality coupled with integrating the latest advancements in technology and design in end-products.
Launch of E-Bikes Drive the Global E-Bike Lights Market Demand
An increase in demand for e-bikes, growing awareness concerning carbon emissions, strict government policies to encourage the adoption of e-bikes, and a rise in disposable income are projected to push manufacturers to launch e-bikes which further propels the global e-bike lights market demand and growth. The rising production and launch of e-bikes introduce market growth opportunities for key participants in the market to technological advancements in lighting systems. For instance, in July 2023, Hero MotoCorp Ltd. announced the launch of zero e-bikes in India accelerating the transition to electric mobility, which further drives the global e-bike lights market growth in the forecast period. In addition, manufacturers of e-bike lights in the global market are efficiently offering advanced products to enhance the looks of e-bikes and keep the rider safe.
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For instance, Herrmans OY AB offers a range of lights for e-bikes to gain a competitive edge in the global market and offer a better driving experience at night.
Government Rules and Regulations Concerning Road Safety Propel the Global Market Growth
The growing road safety concerns have compelled governments to frame favorable and strict guidelines and regulations to decrease the number of road accidents. For instance, in April 2022, the Government of Switzerland announced that e-bikes must be equipped with a daytime light according to the new Road Act for e-bikes. Globally, government policies to lower the carbon footprint and promote the sale and purchase of e-bikes across the globe are driving the demand for e-bike lights globally in the forecast period. Enhanced lighting solutions significantly decrease the rate of accidents by improving the visibility of e-bikes during the night, especially for other road users. Governments in emerging countries are offering different incentives and subsidies to buyers and sellers of e-bikes, which propel the demand for e-bikes and drive the global e-bike light.
For instance, in June 2023, the government of China announced two standards, including safety technical requirements of chargers and safety requirements for electric bicycles to improve e-bike safety and test methods in areas including temperature, wiring, lighting, and others.
Front Lights Segment Registers the Largest Global E-bike Light Market Share
Front lights register the largest market share in the global market as they help enhance visibility, adjust driving conditions, and facilitate communication with other road users. The demand for front lights is increasing as it ensures driving visibility and contributes to the overall visual appeal of vehicles. Companies in the global market are advancing technologies of e-bike lights to offer unique advantages of improving safety on the road by ensuring other drivers notice the indicators. As lighting reduces accidents, enhance functionality, and improve the style of advanced e-bikes, the advancements in front lights including head-up displays, LiDAR technology, infrared night vision systems, and others are shaping the future for the e-bike light market.
For instance, Supernova Design GmbH offers quality lighting systems for e-bikes and works on developing and advancing the front lights to enhance safety during night and daytime.
Asia-Pacific Registers the Largest Global E-bike Lights Market Size
Asia-Pacific registers the largest market share of the global e-bike lights market, as in emerging countries manufacturers are planning to establish new manufacturing facilities. Asia-Pacific e-bike lights market is projected to rise owing to an increase in demand for e-bikes, an increase in the disposable income of consumers, and the presence of top players. In emerging countries including India and China, governments are implementing different policies on road and vehicle safety and carbon emission, encouraging the adoption of e-bikes which further drive the e-bike lights market demand in Asia-Pacific. Manufacturers of e-bike lights are investing in their offerings to advance the functioning and compatibility of their products.
For instance, Shenzhen Gaciron Technology Co., Ltd. is one of the leading companies for lighting equipment in Shenzhen, China, offering original designs and the most professional e-bike lighting equipment for consumers worldwide.
Future Market Scenario (2024 – 2031F)
- Advancement in the technology of electric vehicles and growing awareness among consumers concerning environmental sustainability are estimated to drive the global e-bike lights market growth.
- Governments across the globe are framing policies concerning road and vehicle safety, driving the global e-bike lights market demand in the forecast period.
- An increase in demand for electric vehicles and rapid customization are fostering the global market growth for e-bike lights.
- Governments in emerging countries are offering tax benefits and subsidies on the sales and production of e-bikes, compelling the growth of the market in the forecast period.
Report Scope
“E-bike Lights Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global e-bike light market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
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