Global Market Study on LED Work Light: ‘Portability’ Emerging as a Sought-after Feature


Led Work Lights  Market
  • Published On : Sep-2019 |
  • Pages : 202 Pages |
  • Format : Led Work Lights  Market Led Work Lights  Market Led Work Lights  Market Led Work Lights  Market

A number of recent developments have ushered the global LED work light market into a period of growth and advancement. Portable lights specifically designed to temporarily illuminate the working area at a residential premise and/or a commercial and industrial workplace and uses LED technology as a source of illumination are termed as LED work lights. According to the market estimates, the global LED Work Light market is foreseen to reach ~US$ 13 Bn by the end of the forecast period, registering ~CAGR of 3.5%. The key reason cited for the increase in the LED work light market includes swift penetration of LED technology in portable lighting solutions due to better illumination capabilities and substantial of flashlight in the market space.

The report covers a complete study of the LED Work Light market with an analysis of types of LED Work Light. The report summarizes the parent market for LED Work Light and markets, which are going to impact the growth of the LED Work Light market. It provides a brief description of how the LED Work Light market will perform in various regions around the world according to the previous performance and future potential in respective regions.

led work light market pmr

Battery-operated LED Work Light to Witness Skyrocketing Growth

As per the market consensus, there are mainly two product types available for LED work light i.e. battery-operated and plug-in LED work lights. Among these LED work lights, the battery-operated LED work light is ascertained to dominate the global market due to a range of various advantages including its application in remote areas, high portability, among others.  Consumer expectations for portable and easy to use work light products also attribute to the growth of the LED work light market in the foreseeable future.

Demand for Product Efficiency Poised to Surge the Demand 

The market expansion of the global LED work light market is currently confined to an extent owing to the perception among some consumers that LED work lights are expensive. Also, there exists a potential consumer segment that lacks awareness regarding the benefits of using LED lighting products. Increasing demand for energy-efficient work lights offering durability to work in more severe conditions and requiring low maintenance are primarily driving the market for LED work lights. LED work lights are preferred over other work lights as LED work lights offer higher efficiency and longer battery life.

Residential Applications Set to Fuel the Pace of LED Work Light Market

In the market assessment it was found that the adoption of LED work light has taken a significant upsurge in the market share of global residential lighting sales. LED work light sales have overtaken fluorescent sales in the residential sector, and that share is expected to continue expanding. Importantly, countries need to take advantage of recent sales trends and update their regulatory policies pertaining LED work lights.

Europe and Asia Pacific to Grow at an Unprecedented Rate

The rapid development of LED work light technology has enabled a better energy-efficient feature than traditional light sources. Being a huge producer of farm products, Europe and Asia Pacific stay ahead of the other region in terms of consumption of LED work lights. Also, application of LED work lights in agricultural lighting can efficiently increase crop yields. With an ongoing advancement in the contemporary LED work lights, it has been assessed that Asia Pacific to emerge as a lucrative LED work light market. Moreover, countries are mandating standards that could eventually outlaw other high-wattage lighting solutions, thereby, attributing to the high sales of LED work lights. Additionally, OSHA’s workplace lighting standards and regional regulations to avoid the usage of halogen and incandescent work lights are foreseen to bolster the demand for LED work lights.

LED Work Light Market – Competitive Landscape

Unprecedented change in the lighting industry has been substantially assessed in the report. In terms of LED Work Light market structure, it shows a perfect competitive scenario; where a large number of regional and domestic brands are operating in the market. More than 4% of the global LED Work Light market is led by top 8-10 brands/companies. Moreover, the companies in the Led work light market are adopting strategies such as product repositioning, rebranding, new geographic reach, and exploring novel applications and end-user to gain competitive-edge in an ever-growing LED work light market.  

Prominent players covered in the LED Work Light market report includes -

  • ABL Lights Inc.
  • Bayco Products Inc.
  • Cooper Industries (EATON Corporation)
  • Ericson Manufacturing Co.
  • Larson Electronics LLC
  • Lex Products Corp
  • Luceco plc
  • Streamlight Inc.
  • WF Harris Lighting

This PMR study offers an analysis and forecast of the global LED Work Light market between 2019 and 2029. The LED Work Light market study considers 2018 as the base year, with market values estimated for 2019, and a forecast developed for the duration between 2019 and 2029. Compound Average Growth Rate (CAGR) has been represented from 2019 to 2029. The study covers various perspectives of the global LED Work Light market, including market dynamics, value chain, pricing analysis, competition analysis, regional, and segmental growth comparison, and macro-economic along with segment level projections in a comprehensive manner.

This Persistence Market Research report carefully analyzes the LED Work Light market at a global and regional level, through market segmentation on the basis of key parameters such as product type, material type, vehicle type, wheel type, and sales channel. The primary objective of the report is to offer key insights on market updates, competition positioning, growth rates, and other relevant information, and statistics in a suitable manner to the readers or various stakeholders in the LED Work Light market. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global LED Work Light market.

The report is structured to allow readers to develop a thorough understanding of the LED Work Light market. It begins with market definitions, which are followed by the market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Each section covers a qualitative and quantitative assessment of the LED Work Light market on the basis of facts, historical developments, and key opinions collected from industry participants through dedicated interviews and trends in the LED Work Light market.

LED Work Light Market: Segmentation

By Product

By Operation

By Sales Channel

By End Use

By Region

  • Flashlight
  • Spotlight
  • Clamplight
  • Lantern
  • Others
  • Battery Operated
    • Rechargeable
    • Non-Rechargeable
  • Plug-in
  • Direct Sales
  • Retail Outlets
  • Online
  • Residential
  • Commercial & Institutional
    • Garages
    • Farms
    • Laboratories
    • Others
  • Industrial
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Subsequent sections of the report provide value (US$ Mn) and volume (‘000 units) projections for the LED Work Light market on the basis of the aforementioned segments at a global level.

The global LED Work Light market values represented in these section have been agglomerated by collecting data and information at a regional level. The LED Work Light market information, along with key facts and insights, covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share, and attractiveness analysis for each of the sub-types covered in each segment of this LED Work Light market report.

The next section of the report presents a summarized view of the global LED Work Light market based on eight prominent regions considered in the study. The section includes regional market position, growth potential, trends, and attractiveness analysis for each of these regions.

All the above sections evaluate the present market scenario and growth prospects in the global LED Work Light market, while the forecast presented in these sections assesses the market size in terms of volume and value.

In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global LED Work Light market is expected to develop in the future. Given the characteristics of the LED Work Light market, we triangulated the outcome of three different types of analysis: primary research, secondary research, and our own analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecast exercise.

All the LED Work Light market segments and sub-segments have been analysed on Basis Point Share (BPS) to understand each individual segment’s relative contribution to the LED Work Light market growth. Another key feature of the LED Work Light market report is the analysis of all the key segments in the LED Work Light market, sub-segments, and regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the LED Work Light market.

In the final section of the LED Work Light market report, a competitive landscape of the LED Work Light market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their presence in the LED Work Light market, and key differentiating factors and strategies. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the LED Work Light market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the LED Work Light marketplace. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the LED Work Light market.

Companies covered in Led Work Lights Market

Company Profiles:

  • ABL Lights Inc.
  • Bayco Products Inc.
  • Cooper Industries (EATON Corporation)
  • Ericson Manufacturing Co.
  • Larson Electronics LLC
  • Lex Products Corp
  • Luceco plc
  • Streamlight Inc.
  • WF Harris Lighting
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