South America LED Flashlight Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, Product, and Application

Non-Rechargeable Segment to Dominate SAM LED Flashlight Market during 2019-2027
According to a new market research study on “SAM LED Flashlight Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type, Product, and Application” is expected to reach US$ 76.4 million by 2027 from US$ 63.2 million in 2019. The market is estimated to grow at a CAGR of 2.5 % from 2020 to 2027. The report provides trends prevailing in the SAM LED flashlight market along with the drivers and restraints pertaining to the market growth. Growing demand of tactical LED flashlights due to small size and rugged material and escalating preference for energy-efficient, non-conventional lighting solutions are the major factor driving the growth of the SAM LED flashlight market. However, existence of alternative products and dearth of standardization hinder the growth of SAM LED flashlight market.

In case of COVID-19, SAM region is highly affected specially the Brazil. SAM is a developing region with the presence of many emerging nations, which makes it a lucrative market for LED Flashlight players. The developing countries in SAM are characterized by growing population, rising disposable income, growing investments in education sector, and rising tech-savvy young students. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. Brazil, Peru, Chile, Ecuador, and Argentina are some of the major countries in the SAM region with high number of COVID-19 confirmed cases and deaths. The COVID-19 outbreak and restrictive measures taken by governments such as closure of manufacturing units to restrict the outbreak. All these factors are impacting the growth of LED Flashlight market in the SAM region.

The SAM LED flashlight market is segmented on the basis of type, application, product, and country. The market, based on type, is segmented into rechargeable and non-rechargeable. The non- rechargeable segment held the largest share of market in 2019. But, the rechargeable segment is expected to be fastest segment during forecast period. On the basis of application, the market is segmented into Personal, Commercial & Industrial, and military & law enforcement. The commercial segment held the largest share of the market and is expected to be fastest growing segment during forecast period. Based on product, market is segmented into safety flashlights, everyday carry flashlights, tactical flashlights. The everyday carry flashlights held the largest share of the market in 2019 and is expected to be fastest growing during forecast period.

Bayco Products Inc.; Coast Products; ENERGIZER HOLDINGS, INC.; Pelican Products, Inc.; Streamlight Inc. are among the leading companies in the SAM LED flashlight market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Streamlight Inc. launched a pen sized rugged and water proof LED flashlight Stylus Pro USB, the Stylus Pro USB is powered by rechargeable lithium powered battery.

The report segments the SAM LED Flashlight Market as follows:

By Type

• Rechargeable
• Non-Rechargeable

By Product

• Safety Flashlights
• Everyday Carry Flashlights
• Tactical Flashlights

By Application

• Personal
• Commercial
• Military & Law Enforcement

By Country

• Brazil
• Argentina
• Rest of SAM

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM LED flashlight market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the SAM LED flashlight market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the LED flashlight market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution