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Market updates: Global Flashlight Market Will Reach $7 Bn By 2024

Global Flashlight Market to reach 7 B$

After Studying Global Flashlightlight Market trends and taking various aspects of the global flashlight market into account. We have concluded a well-structured analysis of multiple inclinations, limitations, challenges, opportunities, and growth inducers that will be influencing the global flashlight market in its latest research publication Flashlight Market: Global Industry Analysis (2014-2018) and Forecast (2020-2028)”. The exhaustive and intensive study has been performed after taking into account trade situations of essential regions of Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. 

Market Highlights:

  • Market Research has concluded an analysis of the global flashlight market in its publication “Flashlight Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”
  • The growth of the flashlight market can be attributed to the increase in demand for flashlights due to their cost-effectiveness, relatively low pollution margin, and ease in daily usage.
  • In 2020, The global flashlight market was valued at $4.9 Bn. It is supposed to grow even further to a valuation of $8.2 Bn by the end of 2025

According to the research, the growth of the flashlight market can be owed to increase in demand for flashlights due to their cost-effectiveness, relatively low pollution margin, and ease in daily usage. 

The growth trend has been described in the following ways in the following sections of a market:

  1. By Light Source: The LED segment by a light source is the most profitable and is expected to grow exponentially at a rate of 7.1% between 2017 and 2025. This segment is also likely to have a high market share and reach a market evaluation of more than US$ 7 bn by the end of 2024.
  2. By End User: The residential segment is by far the largest, and is more likely to lead the global market. This segment is expected to grow to 6.9% and is predicted to reach a market valuation of about $6 Bn by 2026. The industrial section is also said to be on an upward trajectory, but the slope of growth is flatter compared to the residential demand.
  3. By Region: the Asia Pacific, with a ripe population growth rate, is expected to reach a market valuation of over US$ 3.5 Bn by 2026, becoming the largest consumer of global flashlight market. The Asia Pacific flashlight market is projected to grow at the highest 7.5% throughout 2020-2028. North America finishes second in terms of growth rate and market demand contribution to the global flashlight market.

With increasing climate sensitivity and developed nations scrambling to find sustainable and cost-effective sources of power, the global flashlight market has been witnessing immaculate growth in recent years. According to our report, the global market for flashlights is anticipated to grow at a rate of 7% from 2018 through 2026. The key players in the flashlight market are SureFire, Mag Instrument Inc., LLC, Dorcy International Inc., Pelican Products, Bayco Products Inc., Browning Arms Company, Streamlight Inc., Larson Electronics LLC, Nite Ize Inc., Inc., and Energizer Holdings, Inc.

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