Headlamps Market - Surge in the outdoor activities by youth such as bike riding, mountain biking, and trekking leads to increase in purchase


Posted July 2, 2021 by VKPrajwal

This study presents the analytical depiction of the headlamps industry along with the current trends and future estimations to determine the imminent investment pockets.

 
Headlamps are powered by three or four AA or AAA batteries or are rechargeable. Headlamps or headlights or also known as head torch is a light source device, which is generally worn on head by an individual for activities such as caving, hiking, skiing, backpacking, camping, and mountain biking.These activities require the use of light. These lamps are also used by workers who often work in underground conditions such as mining, search, and rescue, also by surgeons and others who need hands free lighting. Inclusion of so many segments where these lamps are required drives the market growth. These lamps are strapped to the users head or helmet with an elasticized strap. Lighter headlamps system are strapped to the users head by a single band and heavier ones utilize an additional band over the top of the user’s head. Youths are involved in outdoor activities where the use of headlamps is high, thus driving the market growth.

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COVID-19 Impact analysis

• There has been a drop in outdoor activities by youth and also the underground work such as mining has been halted. Due to this, the demand in the market for headlamps has decreased creating a decline in the market.

• Online purchase is expected to experience an increase due to ease in ordering the product, and convenience in purchasing the product. Hence, considering the safety in all direction, people are involved in online shopping, thus driving the growth of the online market.

• Offline stores are shut down completely due to lockdown and this hampers the demand and supply of the product. Logistics or transportation facilities were also affected due to restrictions in movement thus declining the supply of the product.

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Top Impacting Factors

• Surge in the outdoor activities by youth such as bike riding, mountain biking, and trekking leads to increase in purchase of these accessories driving the growth of the market. Also, development of night vision headlamps is in demand additionally boosting the market growth.
• Armed forces require these special quality headlamps so that the tactical missions are carried out in an effective manner during night. This drives the market growth creating an increase in demand for the product.

New product launches to flourish the market

The launch of new products that contain improved capabilities have been launched by the leading market players. New and improved headlamps used in medical industry are developed by manufacturers considering the requirements from the medicinal experts. EOD wireless is an improved headlamp used in medical industry. Absence of cable, a lightweight body combined with a powerful light and a long lasting battery is EOS Wireless that boosts the market growth. Thus, such kind of smart products are anticipated to boost the demand for the product in the market.

Regions Covered:
North America, Europe, Asia-Pacific, LAMEA.

Segments Covered:
Product Type, Application, Distribution Channel, and Region.

Companies Covered:
Princeton Tec, Petzl, Nitecore, Energizer, Black Diamond, GRDE, Coast Shining Buddy, Thorfire, Xtreme Bright, Northbound Trian, FENIX

Key Benefits of the Report

• This study presents the analytical depiction of the headlamps industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the headlamps market share.
• The current market is quantitatively analyzed from 2020 to 2028 to highlight the headlamps market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailedheadlamps market analysis based on competitive intensity and how the competition will take shape in coming years

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Issued By Prajwal
Business Address Pune
Country India
Categories Blogging
Tags allied market research
Last Updated July 2, 2021