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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.
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
The other prominent vendors in the market are Specialized Bicycle Components, Cycliq, Fabric, Ultimate Sports Engineering, and Lupine Lighting Systems.
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.
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.
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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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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