Bicycle Lights Market Size

Bicycle Lights Market size was valued at USD 353.29 billion in 2024 and is set to exceed USD 996.1 billion by 2037, registering over 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bicycle lights is evaluated at USD 376.75 billion.

The growth of the market can primarily be attributed to the rising demand for bicycle lights amongst the population owing to the growing demand for bicycle worldwide. According to the projections, there will be nearly 5 billion bicycles by 2050 worldwide.

Bicycle lights are becoming an essential product in the bicycle accessory market, with the increasing demand of bicycle on road and bicycle sporting culture. Rider safety have emerged to be of paramount importance with continuous upsurge in bicycle fleet providing safety to the rider and enhancing the quality of riding experience. With rising development of cycling infrastructure worldwide, the demand for bicycle lights is on the rise amongst the riders, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global market during the forecast period.  For instance, in Australia over USD 400 million was spent on cycling related infrastructure and programs in 2020.