A portable light is the light that can be moved around, which include headlamps, flashlights, area lights and other type of portable lights. The portable lights are widely used in outdoor, industrial and residential etc.
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 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 47.42% 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.
Market Analysis and Insights: Global Portable Lighting Market
The global Portable Lighting market is valued at US$ 2459.5 million in 2019. The market size will reach US$ 3474 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
Global Portable Lighting Scope and Market Size
Portable Lighting market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Portable Lighting market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Flashlights
Headlamps
Area lights/lanterns
Bicycle lights
Others
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
Outdoor
Industrial
Residential
Others
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.
By Company
Maglite
Kang Mingsheng
Energizer
Ledlenser
KENNEDE
DP Lighting
Taigeer
Ocean's King
SureFire
Dorcy
Nite Ize
Nitecore
Jiage
Petzl
Nextorch
Fenix
Pelican
Twoboys
Olight
Streamlight
Princeton
Wolf Eyes
Browning
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
Summary:
Get latest Market Research Reports on Portable Lighting. Industry analysis & Market Report on Portable Lighting is a syndicated market report, published as Global Portable Lighting Market Insights and Forecast to 2027. It is complete Research Study and Industry Analysis of Portable Lighting market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.