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

Everyday Carry Flashlights Segment to Dominate Europe LED Flashlight Market during 2019-2027
According to a new market research study on “Europe LED Flashlight Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type, Product, and Application” is expected to reach US$ 580.3 million by 2027 from US$ 434.8 million in 2019. The market is estimated to grow at a CAGR of 3.8 % from 2020 to 2027. The report provides trends prevailing in the Europe LED flashlight market along with the drivers and restraints pertaining to the market growth. Increase in penetration of LED lighting with government support and rising demand of tactical LED flashlights due to small size and rugged material are the major factor driving the growth of the Europe LED flashlight market. However, inadequacy of standardization and presence of alternative products hinder the growth of Europe LED flashlight market.

In case of COVID-19, Europe is highly affected specially the UK and Russia. Europe is a one of the key regions for the growth of LED Flashlight market with the presence of many developed countries such as Germany, UK, France, Italy, Norway, and Sweden, where military spending is quite high in comparison to other regions coupled with high investments in LED Flashlight manufacturing startups. Also, the high adoption of advanced technology solutions in various industries makes this region an ideal market for the growth of LED Flashlight market. Businesses in the region are facing severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. Due to COVID-19 outbreak, the governments in various European countries have imposed lockdowns/movement restrictions and closed down the manufacturing industries to contain the outbreak. All these factors are anticipated to impact supply and demand of LED flashlights hence affecting the Europe LED flashlight market negatively.

The Europe 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 rechargeable segment held the largest share of market in 2019 and 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. The tactical flashlights segment is expected to be fastest growing during forecast period.

Bayco Products Inc.; Browning; Coast Products; Dorcy International, Inc.; Duracell Inc.; ENERGIZER HOLDINGS, INC.; Ledlenser GmbH & Co. KG; Mag Instrument Inc.; Pelican Products, Inc.; Streamlight Inc.; Surefire LLC are among the leading companies in the Europe 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 rechargeable rugged and water proof heavy duty LED flashlight for detection and defensive uses.

The report segments the Europe 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

• France
• Germany
• UK
• Russia
• Italy
• Rest of Europe

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe LED flashlight market.
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• The key findings and recommendations highlight crucial progressive industry trends in the Europe 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 Europe 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