Portable Lights Market Size, Share, Growth and Industry Analysis By Type (Flashlights, Headlamps, Area Lights, Bicycle Lights) By Application (Outdoor, Industrial, and Residential), Regional Forecast To 2031

Updated On: 01 April 2024

Portable Lights Market REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global portable lights market size was USD 2781.7 million in 2021 and is projected to touch USD 4319.2 million by 2031, exhibiting a CAGR of 4.5% during the forecast period.

Portable lights are the sources that are convenient to transport and deploy in a variety of settings. They are becoming increasingly popular around the globe. They are an important source of light for completing specialized jobs in complete darkness or at night. In the manufacturing, construction, military, and defense industries, they are utilized for a wide range of applications. They are long-lasting and low-maintenance, making them ideal for use in harsh environments. Because of their longer battery life and more efficient operation, they are chosen. During the projected period, the market is expected to rise at a rapid pace.

Growing urbanization and the demand for new technologies are two significant reasons driving the market forward. Various portable lamp manufacturers have been focused on issues such as extended lamp life, low energy consumption, accurate color rendering, light pollution, and the introduction of environmentally friendly lighting systems, all of which have contributed to the growth of the portable lamp industry. The growth of portable light lights has been aided by this tendency. The market's upbeat prognosis may also be attributable to the fact that portable lights are already in great demand, with demand predicted to increase in the coming years.

COVID-19 Impact: Halt on Manufacturing and Stringent Lockdown Regulations to Hinder Industry Growth

The demand for portable lights dropped dramatically during the COVID-19 pandemic. Lockdowns imposed to stop the spread of the disease resulted in the postponement of large public meetings such as corporate conferences, trade shows, religious services, and sporting events. COVID-19's influence on the portable lighting sector will be long-lasting. Manufacturers rely on China for a large portion of their components. The global lockdowns affected the manufacture of LEDs and other components, having a significant impact on the portable light sector supply chain.

LATEST TRENDS

"Technological Advancements to Propel Market Development"

Portable lights manufacturers are concentrating on product research & development and developing revolutionary portable lights to suit client demands at a lower cost. Furthermore, manufacturers are working to develop a global sales and distribution infrastructure for their products. To increase revenue, they are also utilizing internet sales channels. During the projected period, all of these reasons are expected to enhance demand for portable lighting. The global portable light market has entered an era of growth and advancement due to a number of recent breakthroughs. Portable lights that employ LED technology as a source of illumination and are specifically designed to temporarily illuminate the working space at a residential premise and/or a commercial and industrial workplace. The rapid penetration of LED technology in portable lighting solutions due to enhanced illuminating capabilities and the large presence of flashlight in the market space are two important reasons stated for the portable lights market growth.

Portable Lights Market Segmentation

• 
• Request a Free sample to learn more about this report

• By Type Analysis

By type, the market is segmented into traditional Flashlights, Headlamps, Area Lights, Bicycle Lights

Flashlights is expected to be the leading segment because of improved smart standards and a growing need for high input-powered lighting products. OEMs are developing integrated solutions for luminaires that require increased power input. These factors may propel industry growth. 

• By Application Analysis

Based on application, it is categorized into outdoor, industrial, and residential.

The outdoor segment may lead the market growth because they are used for a variety of tasks such as camping and biking. Various compact lights, such as headlamps, flashlights, and bicycle lights, are currently available on the market. The growing need for improved visibility and safety for drivers and pedestrians for development and modernization of infrastructures such as economic corridors and smart cities around the globe, are some of the major drivers driving the outdoor portable lights market in the forecast period.

DRIVING FACTORS

"Increasing Demand from Healthcare Industry to Bolster Market Progress"

The growing number of surgical procedures performed around the world is driving the global market for portable OT lights. According to the National Center for Health Statistics, the United States performed 48 million surgical inpatient treatments in 2009. Because of the growing number of pharmaceutical suppliers, operational processes have continued to rise in recent years, boosting the expansion of the portable OT light market. According to the NHS, 4.7 million surgical admissions occurred in England between 2013 and 2014. The rising occurrence of trauma and orthopedic cases drives the demand for operations, which in turn boosts the portable OT light market indirectly. Portable OT lights are in high demand because of their distinct advantages over traditional lights.

"Increasing Adoption Over Conventional Lights to Bolster Market Progress"

Portable lights are utilized to illuminate the surgical site for improved viewing of low contrast and small items in body cavities and incisions at varied depths. When compared to conventional lamps, the market for potable lights is increasing due to their superior performance and energy efficiency. The advantages of portable OT lights over traditional lamps include technological developments, low heat generation, flexibility with a wide range of settings, low power usage, and cost. To disseminate the light, the portable OT lights work on the basis of optical independence of each module. Portable OT lights are used to aid in the separation and visualization of smaller objects. Portable OT lights are usually equipped with multicolor LEDs that allow the color temperature to be adjusted. Maneuverability, castors, and anti-static are common features of portable OT lights, which are easy to move and have minimal inertia.

RESTRAINING FACTORS

"High Initial Cost to Impede Market Progress"

Despite the fact that smart lighting systems are energy-efficient lighting solutions that can save money in the long term, the initial cost is expensive owing to the cost of the equipment as well as integration and installation services. Dimmers, switches, sensors, control systems, and software are among the physical components found in smart lighting systems. As a result, the cost of installing smart lighting is higher than that of traditional lighting systems. This is owing to the high cost of software, control systems, and LED light sources required for smart lighting solutions.

Portable Lights Market REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"Infrastructure Development to Fuel Industry Development in Asia-Pacific"

Europe is expected to dominate the portable lights market share because portable light technology has advanced quickly, allowing for a more energy-efficient feature than older light sources. Europe, as major producers of agricultural products, continues to outperform the rest of the world in terms of work light usage. In addition, the use of portable lights in agricultural illumination can significantly boost crop yields.

Asia Pacific is the second-largest shareholder globally in the portable lights market. The emergence of a lucrative LED work light market due to the ongoing advancements in current portable lights. Furthermore, governments are enacting regulations that could someday make other high-wattage lighting solutions illegal, resulting in a surge in portable light sales. Rapid growth of the business has stemmed from rising urbanization and greater investment by global brands, resulting in an increase in corporate events in the country. With the increasing number of corporate and cultural events, the need for programmable stage lighting is expected to grow significantly, bolstering the market over the forecast period.

KEY INDUSTRY PLAYERS

"Implementation of Strategies and Product Innovation to Help Major Players Grow"

The portable lights market is extremely competitive, with a number of prominent companies. Few big firms currently dominate the market in terms of market share. However, many companies are expanding their market position with smart lighting by gaining new contracts and acquiring other businesses. Leading organizations also use new product creation as a strategic way to expand their market presence among consumers.

INDUSTRY DEVELOPMENT

Altman Lighting introduced the new LED Work Light II (WLII) in July 2021, which is portable and energy-efficient and can be used to light up the venue.

List of Market Players Profiled

• 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
• Browning 

REPORT COVERAGE

This study examines the key segments and current industry developments. It goes through the influence of COVID-19 and the driving and restraining elements in detail. The market estimates in the report are based on a combination of secondary research, primary interviews, and in-house expert reviews. The research looks at the most recent trends and the most profitable areas. It keeps track of the strategies of the key participants as well as regional trends. It enables readers to get knowledge of the important approaches that encourage market expansion.