Global Portable Lighting Market Research Report 2020
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 producttype, 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.
The global Portable Lighting market is valued at 2459.5 million US$ in 2020 is expected to reach 3474 million US$ by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
This report focuses on Portable Lighting volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Portable Lighting market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe and China etc.
Market Segment Analysis
The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Portable Lighting market is segmented into
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.
Global Portable Lighting Market: Regional Analysis
The Portable Lighting market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Portable Lighting market report are:
Middle East & Africa
Global Portable Lighting Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Portable Lighting market include:
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.