Global Bicycle Lighting Market 2025

Bicycle Lighting Market Size

In 2021, the global bicycle lighting market increased by 5.8% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the global market failed to regain momentum.

Bicycle Lighting Production

In value terms, bicycle lighting production stood at $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, global production growth remained at a somewhat lower figure.

Bicycle Lighting Exports

Exports

In 2021, approx. X units of electrical or battery operated lighting or visual signalling for bicycles were exported worldwide; with an increase of 26% on the previous year's figure. In general, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +162.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 64% against the previous year. Over the period under review, the global exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, bicycle lighting exports soared to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 45%. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, recording X units, which was near 66% of total exports in 2021. France (X units) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.4%) and the Netherlands (5.9%). The following exporters - Hong Kong SAR (X units) and Taiwan (Chinese) (X units) - each finished at a 4.4% share of total exports.

Exports from China increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, France (+12.2%), the Netherlands (+7.6%) and Germany (+1.6%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.2% from 2012-2021. By contrast, Hong Kong SAR (-5.4%) and Taiwan (Chinese) (-8.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and France increased by +9.1 and +4.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bicycle lighting supplier worldwide, comprising 53% of global exports. The second position in the ranking was held by Germany ($X), with a 9.6% share of global exports. It was followed by Taiwan (Chinese), with an 8% share.

In China, bicycle lighting exports increased at an average annual rate of +12.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+9.0% per year) and Taiwan (Chinese) (+5.2% per year).

Export Prices by Country

The average bicycle lighting export price stood at $X per unit in 2021, rising by 3.1% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bicycle lighting export price increased by +23.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 33%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.5%), while the other global leaders experienced more modest paces of growth.

Bicycle Lighting Imports

Imports

For the third consecutive year, the global market recorded growth in overseas purchases of electrical or battery operated lighting or visual signalling for bicycles, which increased by 33% to X units in 2021. Over the period under review, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bicycle lighting imports skyrocketed to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.4% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units), followed by the Netherlands (X units), the United States (X units), Mexico (X units), France (X units), Poland (X units) and Japan (X units) represented the key importers of electrical or battery operated lighting or visual signalling for bicycles, together achieving 46% of total imports. Brazil (X units), Italy (X units), Belgium (X units), the UK (X units), Indonesia (X units) and Spain (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mexico (with a CAGR of +43.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bicycle lighting importing markets worldwide were Germany ($X), the United States ($X) and the Netherlands ($X), with a combined 35% share of global imports. Japan, the UK, France, Poland, Belgium, Spain, Italy, Brazil, Mexico and Indonesia lagged somewhat behind, together accounting for a further 29%.

Belgium, with a CAGR of +14.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bicycle lighting import price amounted to $X per unit, growing by 4.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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