Flashlight Market Size, Share, Growth, and Global Industry Analysis by Type (Headlamp, Handheld Flashlight, Lantern), By Lumen (Up to 300, 300-499, 500-999, and 1000+), By Application (Household, Commercial, Industrial, Military & Law Enforcement, and Others), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

FLASHLIGHT MARKET REPORT OVERVIEW

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The global flashlight market size is expected to be USD 834.1 million in 2021 and is projected to touch USD 1495.32 million by the end of 2031, at a CAGR of 6.0% during the forecast period. 

A flashlight or torch is a handy battery-operated lamp. Previously, the light source usually was a miniature luminescent bulb, but these have been replaced by light-emitting diodes (LEDs) since the mid-2000s. A classic flashlight contains the light source fixed in a reflector, a see-through cover to shield the light source and indicator, a battery, and a control button, all bounded in a case.

It is mostly LED operated on batteries. Some are driven by the consumer rotating a crank, shaking the lamp, or clutching it. Some devour solar boards to restore the battery. They are used as a light source outside, in places without permanently fixed lighting, during power cuts, or when a handy light source is required.

COVID 19:  Halt on Operations to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with flashlights experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the flashlight market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has disturbed markets and companies in a number of countries owing to corporate closures, lockdowns, and travel limitations. China is the world's major dealer and manufacturing hub for raw materials for a range of industries. It is also one of the most relentlessly affected countries. One of the key businesses suffering significant disturbances due to the pandemic is the global electronics sector, which comprises technical event revocations, supply chain disruptions, and closures of offices.

LATEST TRENDS

"Growth in the Automotive Industry to Fuel Market Expansion "

Companies are highlighting product innovation with the usage of progressive light technologies. With a noticeable increase in acceptance of these technologies, the strength and lifetime of batteries are anticipated to arise as the most critical factors. These factors would be importantly obstructed by-product inventions in the LED flashlight. A multi-level LED flashlight is one such modernization that permits for postponement of life and more effective use of a battery.

FLASHLIGHT MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into Headlamp, Handheld Flashlight, and Lantern.

• By Lumen

Based on the lumen, the market is segmented into Up to 300, 300-499, 500-999, and 1000+.

• By Application

Based on application, the market is classified into Household, Commercial, Industrial, Military & Law Enforcement, and Others.

DRIVING FACTORS

"Technological Advancements to Foster Market Growth "

Prominent players have moved from the classic to the online sales network to enlarge the consumer base and enhance flashlight sales across the country. Advanced technologies such as AI, ML, and big data, to make cooperative websites and mobile applications and generate a modified shopping experience for the customers donate to increasing sales from the online sales channel. Flashlight market companies also provide services like home delivery, returnable, and online transaction to fascinate more consumers to purchase their products. 

"Increasing Outdoor Activities to Accelerate Market Expansion "

The demand for the product used in outdoor recreational activities is growing, such as hunting, camping, camping, fishing, and diving, as the young population most frequently goes on adventurous trips to discover wildlife. They are used for protection purposes through night hiking or camping. Therefore, producers are concentrating mostly on providing flashlights and headlamps with ergonomic schemes and water-resistant features, which are perfect for camping, hunting, and other activities.

RESTRAINING FACTORS

"Lack of Awareness to Hamper Market Growth "

Lack of awareness and consideration about the profits of modern products for numerous applications amongst prospective users has remained a foremost obstacle to the flashlight market growth.

FLASHLIGHT MARKET REGIONAL INSIGHTS

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"Increasing Adoption in Various Applications in North America to Accelerate Market Growth"

Asia Pacific is expected to hold the largest flashlight market share. This is due to the existence of different engineering businesses, military, and financial scales. Asian market observes enormous growth of products about an upsurge in the manufacturing & construction sector. Therefore, the implementation of lighting products, including a flashlight, and bulbs are growing. China is one of the key countries which has a substantial market share in the flashlight market determined by growing commercial goods.

North America is anticipated to have a sizable market share. The growing acceptance of rechargeable flashlights is observed in the U.S. This factor boosts producers to upsurge their individual manufacturing ability of rechargeable lights. 

KEY INDUSTRY PLAYERS

"Incorporation of Research and Development Strategies to Improve their Brand Image"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global acrylic yarn market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

Industry Development

2020: Pelican Products, Inc. announced the world’s greatest multipurpose professional-grade flashlights with the Pelican™ 3410 and 3410M (magnet) LED and the Pelican™ 3415 and 3415M LED.

List of Market Players Profiled

• Maglite (U.S.)
• Ledlenser (Germany)
• Pelican (U.S.)
• Jiage (U.S.)
• Taigeer (China)
• Streamlight (U.S.)
• KENNEDE (China)
• SureFire (U.S.)
• Fenix (U.S.)
• DP Lighting (Singapore)
• Olight (China)
• Dorcy (U.S.)
• Wolf Eyes (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.