The comprehensive research report titled “Flashlight Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025)” by Persistence Market Research supports the reader by assisting in slating all possible strategies based on valuable insights in order to maintain the much needed tempo with the changing dynamics of the market in the present scenario as well as few years down the line.
Global perspective in a nutshell
Global flashlight market research study focuses on various opportunities, trends, drivers and restraints across key geographies in the globe. This delivers a global perspective by covering all the key areas presenting a holistic view of the market. This assists the reader to get a detailed understanding about the regions with optimum potential in order to slate investment decisions and expansion strategies. The research study eliminates all the biasness giving a more realistic shape to the market acumen.
A “one-of-its-kind” research methodology
Credibility of the researched data and statistics lie in the uniqueness of the research methodology which ensures higher accuracy. In-depth assessment of the global flashlight market is underpinned by an extensive research process that includes both secondary and primary research to obtain relevant numbers. The data collected undergoes several funnels of validation and re-examination at each step, as the research progresses. This ensures delivering value with data having higher degree of accuracy. The expert opinions of the market observers and the domain experts is extrapolated and triangulation of these enables the analysts to arrive at a much accurate global market representation.
Complete competitive assessment
The research report on global flashlight market involves a separate section which focuses on the key players and the competition standing in the global market. The section involves the strategies applied by the key players, their product portfolios, their innovations, developments and product evolutions, their area wise spread and future expansion plans, the mergers and acquisitions taken place, the market shares and revenues of these tier players, financials, key personnel, etc. This intelligence dashboard completes with the inclusion of the analysis of the various aspects of the key competition in the market. Competitive assessment has been done in a systematic way to enable the reader to draw necessary conclusions.
Actionable Insights – A much needed value addition
The comprehensive research report on global flashlight market provides valuable insights with weighted analysis. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Persistence Market Research aims at doing all the heavy lifting by providing unbiased insights which can be actioned by the research team thus supporting in achieving their research milestones.
Why should you invest in this study?
There are several reasons which reinforce the value of this research report, such as un-biasness in the research data collection, detailed and comprehensive and a weighted segmentation of the entire market, the key trends and developments taking place in the market, statistical analysis reaching maximum accuracy, global market forecasts which gives an idea about the future market scenario based on the current and the past market dynamics and assisting the reader in slating important strategies in order to maintain the right rhythm and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.
Global flashlight market to witness robust growth throughout 2017-2025
According to this research report, the global flashlight market is anticipated to grow at a robust rate to reach a significant value by the end of the year of assessment. The flashlight market has been experiencing steady growth during the 2012-2016 timeline. It is projected to grow at a value CAGR of 6.6% throughout the period of assessment, to reach a market value of around US$ 8.2 Bn by end of 2025 from a market valuation of about US$ 4.9 Bn in 2017. The growth of the flashlight market can be attributed to the rising demand for explosion proof LED flashlights, growing demand for durable, efficient and low maintenance flashlight, increasing innovation in flashlight products for outdoor recreation activities, augmented penetration of LED technology, rising demand for flashlights in the oil and gas industry and rising demand for rechargeable LED flashlight. According to this research, the flashlight manufacturers can focus on expanding their businesses across countries in APAC and North America regions where there is an increase in demand for innovative flashlights such as tactical, professional and outdoor flashlights.
Construction and auto repairing to glue its dominance across the application category
Construction and auto repairing segment is expected to dominate the global flashlight market by application in the coming years. This scenario is likely to happen owing to its continued increase in market value since 2016. In 2017 this segment stood at about US$ 1.3 Bn and is estimated to rise to reach a valuation of about US$ 2.2 Bn in 2025. The 1.7x increase in revenue can be attributed to a high CAGR of 6.3% during the assessment period 2017-2025.
Close call to make between home inspection and homeland security segments
Home land security segment by application type is estimated to reach a value of about US$ 1.8 Bn by the end of 2025. It is projected to grow at a high CAGR of 6.9% during 2017-2025 assessment period. On the other hand, the home inspection application type segment is expected to be the fastest growing segment and poised to grow at a CAGR of 7.2% throughout the period of forecast. The valuation of this segment by 2025 end is slightly less than that of the homeland security segment, however, it is likely to show higher lucrativeness in the coming years.
Doctor visit, outdoor recreation activities and games show slow growth
By application, the doctor visit, outdoor recreation activities and games segments are expected to grow at a steady rate throughout the period of assessment. These segments are considerably less in market value as compared to other segments. The games segment is the lowest reflecting a value of around US$ 323 Mn in 2017 growing at a CAGR of 5.3% during 2017-2025.
The global flashlight market has been assessed across important regions of North America, Europe, Latin America, Asia Pacific and Middle East and Africa. In North America, the homeland security segment is the fastest growing segment poised to register a CAGR of 7.5% followed by home inspection segment. On the contrary, the home inspection segment is expected to grow at a higher rate in other regions. In Asia Pacific, home inspection application segment is expected to reflect a high CAGR of 8.2% and it also leads the global Asia Pacific flashlight market. By 2025, this segment is estimated to reflect a value of US$ 876.2 Mn in the APAC region.