South America LED Flashlight Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Rechargeable and Non-Rechargeable), Product (Safety Flashlights, Everyday Carry Flashlights, and Tactical Flashlights), and Application (Residential, Commercial, and Military and Law Enforcement)
Market Introduction
Flashlights are handheld battery-backed electric light devices. Initially, the flashlights were powered by incandescent light bulbs, but with beginning of the 21st century, the light-emitting diodes (LEDs) replaced incandescent light bulbs owing to their greater power efficiencies. Later, the emergence of the flashlights powered by rechargeable lithium batteries hindered the alkaline battery-powered flashlight market across SAM region. Further, with technological advancements, more efficient, lightweight, and compact flashlights were introduced. A comprehensive range of LED flashlights are now offered in the SAM market, which have a wide-range applicability; they can be used by divers in deep ocean, astronauts in space stations, children in household tasks, engineers in industrial facilities, and so on. Further, increasing investments in R&D have led to advancements in LED flashlights in terms of form factors and features. The escalating need for safety and security at the commercial and industrial facilities, and increasing frequency of power cut in remote areas fuel the growth of the SAM LED flashlights market. Other factors such as growing demand of tactical LED flashlights due to small size and rugged material and escalating preference for energy-efficient, non-conventional lighting solutions are expected to drive the SAM LED flashlight market.
Furthermore, 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
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Market Overview and Dynamics
The SAM LED flashlight market is expected to grow from US$ 63.2 million in 2019 to US$ 76.4 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027. Mounting penetration of LED lighting with government support across SAM region is expected to drive the SAM LED flashlight market. The popularity and penetration of LED lighting has grown at an unprecedented rate during past the few years. This manly attributed to the falling prices of LED and increasing technological advancements in this technology. The phasing down of incandescent and fluorescent lighting across SAM countries owing to escalating need of energy-savings through efficient lighting is further fueling the demand of LED lighting for SAM region. The LED lighting solutions are highly durable and have lower environmental footprint; moreover, they are cost-efficient owing to the longer lifespan. Further, they provide high-quality lighting, with greater energy-efficiency, compared to incandescent and halogen-based light. Moreover, they are gaining traction due to low maintenance costs and greater safety provisions. LEDs are being produced on massive scale in SAM countries, which is contributing to the drastic reduction in their prices. Government initiatives to phase out inefficient halogen lamps and fluorescent lights and to introduce high quality standards for LED lighting are driving the growth of the SAM LED flashlight market.
Key Market Segments
In terms of type, the non-rechargeable segment accounted for the largest share of the SAM LED flashlight market in 2019. In terms of product, the everyday carry flashlights segment held a larger market share of the SAM LED flashlight market in 2019. Further, the commercial segment held a larger share of the SAM LED flashlight market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM LED flashlight market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bayco Products Inc.; Coast Products; ENERGIZER HOLDINGS, INC.; Pelican Products, Inc.; Streamlight Inc.
Reasons to buy report
- To understand the SAM LED flashlight market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM LED flashlight market
- Efficiently plan M&A and partnership deals in SAM LED flashlight market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM LED flashlight market
- Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.
SAM LED Flashlight Market Segmentation
SAM LED Flashlight Market - By Type
- Rechargeable
- Non-Rechargeable
SAM LED Flashlight Market - By Product
- Safety Flashlights
- Everyday Carry Flashlights
- Tactical Flashlights
SAM LED Flashlight Market - By Application
- Residential
- Commercial
- Military & Law Enforcement
SAM LED Flashlight Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM LED Flashlight Market - Company Profiles
- Bayco Products Inc.
- Coast Products
- ENERGIZER HOLDINGS, INC.
- Pelican Products, Inc.
- Streamlight Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM LED Flashlight Market – By Type
1.3.2 SAM LED Flashlight Market – By Product
1.3.3 SAM LED Flashlight Market – By Application
1.3.4 SAM LED Flashlight Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM LED Flashlight Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM LED Flashlight Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Demand of Tactical LED Flashlights due to Small Size and Rugged Material
5.1.2 Mounting penetration of LED Lighting with Government Support
5.2 Key Market Restraints
5.2.1 Existence of Alternative Products and Dearth of Standardization
5.3 Key Market Opportunities
5.3.1 Escalating Preference for Energy-Efficient, Non-Conventional Lighting Solutions
5.4 Future Trends
5.4.1 Upsurge in the Use of LED Flashlights in Hazardous Industrial Environments
5.5 Impact Analysis of Drivers and Restraints
6. LED Flashlight Market – SAM Analysis
6.1 SAM LED Flashlight Market Overview
6.2 SAM LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. SAM LED Flashlight Market Analysis– By Type
7.1 Overview
7.2 SAM LED Flashlight Market Breakdown, By Type, 2019 & 2027 (%)
7.3 Rechargeable LED Flashlight
7.3.1 Overview
7.3.2 Rechargeable LED Flashlight Market Revenue and Forecast to 2027 (US$ Million)
7.4 Non-Rechargeable LED Flashlight
7.4.1 Overview
7.4.2 Non-Rechargeable LED Flashlight Market Revenue and Forecast to 2027 (US$ Million)
8. SAM LED Flashlight Market Analysis – By Product
8.1 Overview
8.2 SAM LED Flashlight Market Breakdown, By Product, 2019 & 2027 (%)
8.3 Safety Flashlights
8.3.1 Overview
8.3.2 Safety Flashlights Market Revenue and Forecast to 2027 (US$ Million)
8.4 Everyday Carry Flashlights
8.4.1 Overview
8.4.2 Everyday Carry Flashlights Revenue and Forecast to 2027 (US$ Million)
8.5 Tactical Flashlights
8.5.1 Overview
8.5.2 Tactical Flashlights Market Revenue and Forecast to 2027 (US$ Million)
9. SAM LED Flashlight Market Analysis – By Application
9.1 Overview
9.2 SAM LED Flashlight Market Breakdown, By Application, 2019 & 2027 (%)
9.3 Residential
9.3.1 Overview
9.3.2 Residential Market Revenue and Forecast to 2027 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
9.5 Military and Law Enforcement
9.5.1 Overview
9.5.2 Military and Law Enforcement Market Revenue and Forecast to 2027 (US$ Million)
10. SAM LED Flashlight Market – Country Analysis
10.1 Overview
10.1.1 SAM: LED Flashlight Market, By Country
10.1.1.1 Brazil: LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Brazil: LED Flashlight Market, By Type
10.1.1.1.2 Brazil: LED Flashlight Market, By Product
10.1.1.1.3 Brazil: LED Flashlight Market, By Application
10.1.1.2 Argentina: LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Argentina: LED Flashlight Market, By Type
10.1.1.2.2 Argentina: LED Flashlight Market, By Product
10.1.1.2.3 Argentina: LED Flashlight Market, By Application
10.1.1.3 Rest of SAM: LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Rest of SAM: LED Flashlight Market, By Type
10.1.1.3.2 Rest of SAM: LED Flashlight Market, By Product
10.1.1.3.3 Rest of SAM: LED Flashlight Market, By Application
11. SAM LED Flashlight Market- COVID-19 Impact Analysis
11.1 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Bayco Products Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Coast Products
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 ENERGIZER HOLDINGS, INC.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Pelican Products, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Streamlight Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments-
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. SAM LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil LED Flashlight Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil LED Flashlight Market, By Product– Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil LED Flashlight Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina LED Flashlight Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina LED Flashlight Market, By Product– Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina LED Flashlight Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of SAM LED Flashlight Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM LED Flashlight Market, By Product– Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM LED Flashlight Market, By Application – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. SAM LED Flashlight Market Segmentation
Figure 2. SAM LED Flashlight Market Segmentation – By Country
Figure 3. SAM LED Flashlight Market Overview
Figure 4. Non-Rechargeable LED Flashlight held the Largest Share of SAM LED Flashlight Market
Figure 5. Commercial Segment held the Largest Share of SAM LED Flashlight Market
Figure 6. Everyday Carry Flashlights segment held the Largest Share of SAM LED Flashlight Market
Figure 7. Argentina to Show Great Traction During Forecast Period
Figure 8. SAM – PEST Analysis
Figure 9. SAM LED Flashlight Market- Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. SAM LED Flashlight Market Impact Analysis of Drivers and Restraints
Figure 12. SAM LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. SAM LED Flashlight Market Breakdown, By Type, 2019 & 2027 (%)
Figure 14. SAM Rechargeable LED Flashlight Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. SAM Non-Rechargeable LED Flashlight Market Revenue and Forecast to 2027 (US$ Million)
Figure 16. SAM LED Flashlight Market Breakdown, By Product, 2019 & 2027 (%)
Figure 17. SAM Safety Flashlights Market Revenue and Forecast to 2027 (US$ Million)
Figure 18. SAM Everyday Carry Flashlights Market Revenue and Forecast to 2027 (US$ Million)
Figure 19. SAM Tactical Flashlights Market Revenue and Forecast to 2027 (US$ Million)
Figure 20. SAM LED Flashlight Market Breakdown, By Application, 2019 and 2027 (%)
Figure 21. SAM Residential Market Revenue and Forecast to 2027 (US$ Million)
Figure 22. SAM Commercial Market Revenue and Forecast to 2027 (US$ Million)
Figure 23. SAM Military and Law Enforcement Market Revenue and Forecast to 2027 (US$ Million)
Figure 24. SAM: LED Flashlight Market Revenue Share, By Country (2019 and 2027)
Figure 25. Brazil: LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Argentina: LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Rest of SAM: LED Flashlight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in SAM Country Markets
Some of the leading companies are:
- Bayco Products Inc.
- Coast Products
- ENERGIZER HOLDINGS, INC.
- Pelican Products, Inc.
- Streamlight Inc.
- 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