Huge Demand of Global Flashlight Market during 2021-2029
New Study Reports ” Flashlight Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2029″ has been Added on MarketResearchFuture.
Report Overview
The report on the Flashlight Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2029. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
A new report of Persistence Market Research (PMR) indicates that the global flashlight market is set to witness robust growth at a CAGR of ~8% during 2019 – 2029.
Demand for LED flashlight is increasing, owing to the requirement of energy efficient lighting systems in commercial buildings. While energy efficiency of lighting systems is critical to conform to the government regulations regarding commercial construction projects, it is further complemented by restrictions on adoption of incandescent lighting products. Increasing implementation of minimum standards for the efficiency of lighting products will remain a prominent factor driving the demand for LED flashlight in the near future.
The report suggests that the market revenues reached US$ 5 Bn in 2018 and remarkable rise in flashlight sales for outdoor recreation activities will further propel market growth. Breakneck penetration of LED technology will be pivotal in shaping the flashlight market over the course of next decade.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Energizer Holdings, Inc., Dorcy International Inc., Pelican Products, Inc., Mag Instrument Inc. , Surefire LLC, Streamlight Inc., Larson Electronics LLC , Bayco Products Inc. , Browning Arms Company, Nite Ize Inc. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Flashlight.
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Key Takeaways – Flashlight Market Study
- Traditionally, incandescent bulbs have a shorter lifespan, and last for 6-7 hours before they get burned out and need replacement of batteries. LED flashlights, on the other hand, are shock-proof and water-resistant, and exhibit an enduring battery life of up to 100,000 hours.
- High demand for Everyday Carry flashlights is expected to prevail in residential sector. These flashlights are multifunctional and can be charged by plugging them into an electrical outlet. They are lightweight, durable, and handy.
- Lack of standardization in technology and components used in manufacturing of flashlights and other LED lighting devices continues to lead to high product and price differentiation. This is restricting the market growth to a certain extent.
- Demand for flashlight is particularly projected to remain higher in home inspection applications.
- Asia Pacific is creating substantial penetration opportunity for flashlight market players, as a sizeable portion of the Asian population is still untapped as is unaware of products such as LED flashlights, torches, and lanterns.
Growing adoption of explosion-proof LED flashlights marks an important trend in market. As governments are limiting the use of mercury vapor lamps at chemical plants and other similar industrial environments, several leading players are already focusing development strategies on these explosion-proof LED flashlights. Earlier this year, Larson Electronics launched a UL-certified portable explosion-proof LED light. This flashlight is approved for class 1, division 1 and 2, and class lll locations.
Home Inspection and Homeland Security Key Growth Contributors
Currently, application of flashlight in home inspection and homeland security collectively accounts for over 48% share in the total market value. These are expected to remain the most lucrative application areas for flashlight manufacturers and other market stakeholders. However, the study also indicates a healthy rate of flashlight adoption for outdoor recreational activities which roughly represents 20% of overall sales as of 2018 end. During the projection period, this will be one of the key application areas of flashlights which are witnessing steadfast growth in sales.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Flashlight Market Manufacturers
Flashlight Market Distributors/Traders/Wholesalers
Flashlight Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Flashlight Market Report:
- The Flashlight Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Flashlight Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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