Market Research Report
LED Work Lights
|Published by||Global Industry Analysts, Inc.||Product code||957074|
|Published||Content info||375 Pages
Delivery time: 1-2 business days
|LED Work Lights|
|Published: September 1, 2020||Content info: 375 Pages||
Global LED Work Lights Market to Reach $10.1 Billion by 2027
Amid the COVID-19 crisis, the global market for LED Work Lights estimated at US$8.8 Billion in the year 2020, is projected to reach a revised size of US$10.1 Billion by 2027, growing at aCAGR of 2% over the period 2020-2027. Battery Operated, one of the segments analyzed in the report, is projected to record 1.8% CAGR and reach US$7.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plug-in segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 3.8% CAGR
The LED Work Lights market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 3.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.3% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.We bring years of research experience to this 5th edition of our report. The 375-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,