Global Bicycle Day-time Running Lights (DRL) Market 2017-2021

Overview of the global bicycle day-time running lights (DRL) market

Technavio's market study identifies the increased need for safety features in bicycles to be one of the primary growth factors for the bicycle day-time running lights (DRL) market. The installation of bicycle day-time running lights (DRL) minimizes accidents by increasing the visibility of the cyclist to other vehicles on the road. It has been observed that most of the bicycle accidents occur during daytime. This will increase the adoption of DRL during the coming years to increase the safety quotient of the bicycle. Our market research analysts estimate that in terms of units, this market will grow at a CAGR of more than 16% by 2021.

Consumers are integrating their smartphones with their bicycles to enhance their overall riding experience. The rising demand for connectivity and telematics has influenced technological improvements in DRL and smartphones. The integration of smartphones to the DRL enables users to control the lights and their brightness and also in improving the run time and conserving battery life. Such benefits will increase the preference towards the integration of DRL with smartphones, which according to this industry research report will be one of the key trends that will gain traction in the bicycle day-time running lights (DRL) market.

Competitive landscape and key vendors

The bicycle day-time running lights (DRL) market has the presence of several manufacturers. Countries are steadily including DRL in their safety norms to promote safety. To attain a competitive advantage over their competitors, the vendors have the need to implement new approaches in marketing and customer service and also continuously concentrate on innovations.

The leading vendors in the market are

• CatEye
• Knog
• Lezyne
• See.Sense
• Trek Bicycle Corporation

The other prominent vendors in the market are Specialized Bicycle Components, Cycliq, Fabric, Ultimate Sports Engineering, and Lupine Lighting Systems.

Segmentation by application and analysis of the bicycle DRL market

• Rear DRL
• Front DRL

Cyclists primarily install rear DRL in their bicycles to increase their visibility to the other drivers and minimize accidents. The rear RDL should always be red in color. Our market research and analysis estimates that the rear DRL segment accounted for the major shares of this market during 2016.

Geographical segmentation and analysis of the bicycle DRL market

• Americas
• APAC
• EMEA

EMEA is witnessing an increased demand for bicycles since cities Paris, Copenhagen, and Hamburg are turning car free by adopting bicycles. The adoption of DRL is mandatory in Germany and this is also influencing the other regions in EMEA to impose regulations on the usage of DRL in bicycles.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bicycle day-time running lights (DRL) market?
• What are the key market trends impacting the growth of the global bicycle day-time running lights (DRL) market?
• What are the challenges to market growth?
• Who are the key vendors in the global bicycle day-time running lights (DRL) market?
• What are the market opportunities and threats faced by the vendors in the global bicycle day-time running lights (DRL) market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global bicycle day-time running lights (DRL) market?

Technavio also offers customization on reports based on specific client requirement.

A day-time running light (DRL), also known as a day-time running lamp, is a lighting system present on the front and back of a bicycle, which is used to improve visibility on the road significantly. The upcoming report on global bicycle day-time running lights (DRL) market is an integral part of Technavio's automotive portfolio. Our market research report for the automotive sector comprises of an in-depth analysis of a wide range of business assessment parameters such as market size, growth rate, prominent vendors, and key insights, which provides comprehensible information on auto accessories sector.

Research analyst at Technavio gather immense data and information using primary and secondary research, and process those using complex statistical models to present an accurate analysis of the market landscape. By using accurate and comprehensive forecast tools, research experts at Technavio accurately predict the growth of the market, which will help the client in making the investment and product decisions to expand in emerging markets. This upcoming market research report on the global bicycle day-time running lights (DRL) market also covers vendors like Trek Bicycle Corporation, Specialized Bicycle Components, Lezyne, Cycliq, Fabric, Ultimate Sports Engineering, CATEYE Co. Ltd., Lupine Lighting Systems, See.Sense., and Knog.

Our research analyst suggests that since the majority of the cycling accidents happens during the daytime, the necessity for DRL is increasing among bicycle users. The report also analyzes the market and its potential for each geographic segments such as the Americas, EMEA, and APAC. The upcoming industry research report on the global bicycle day-time running lights (DRL) market also accurately maps the total market size, growth rate, technological advancements, as well as the constraints that the automotive sector currently experiences. Technavio also provides deep-dive market assessments into the sectors such as automotive components and automotive services.

Our market research methodology for the bicycle day-time running lights (DRL) market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.