DUBLIN--(BUSINESS WIRE)--The "Middle East and Africa LED Flashlight Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, Product, and Application" report has been added to ResearchAndMarkets.com's offering.
Tactical Flashlights Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
MEA LED Flashlight Market is expected to reach US$ 91.1 million by 2027 from US$ 72.4 million in 2019. The market is estimated to grow at a CAGR of 3.0 % from 2020 to 2027.
The report provides trends prevailing in the MEA LED flashlight market along with the drivers and restraints pertaining to the market growth. Mounting use of LED flashlights in unsafe industrial environments and soaring preference for energy-efficient, non-conventional lighting solutions are the major factor driving the growth of the MEA LED flashlight market. However, insufficiency of standardization and alternative availability hinder the growth of MEA LED flashlight market.
In case of COVID-19, MEA region is highly affected specially the Saudi Arabia. The region comprises of many growing economies such as UAE among others, which are prospective markets for LED Flashlight providers, owing to the huge presence of diverse customer base.
The global COVID-19 pandemic would have significant effects on global economies, but the MEA region is anticipated to be especially impacted as there is already pressure on economy of various oil based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA region.
More than 70% of UAE's population includes foreign citizens such as workers employed in mega-infrastructure projects. Hence, the estimated decline in MEA's economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the growth of LED Flashlight Market in 2020 and 2021.
The MEA 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.; Coast Products; Duracell Inc.; ENERGIZER HOLDINGS, INC.; Streamlight Inc.; Surefire LLC are among the leading companies in the MEA 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 2018, Bayco announces its new two AA model XPP-5414GX Intrinsically Safe (IS) Dual-LightT LED Flashlight. Confirmed compliant in Class I, Div 1, Zone 0 hazardous locations, this cETLus, ATEX, and IECEx-certified light is safe for use in hazardous environments.
Key Topics Covered:
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. MEA LED Flashlight Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA LED Flashlight Market -Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Upsurge in the Demand of Tactical LED Flashlights due to Small Size and Rugged Material
5.1.2 Escalating penetration of LED Lighting with Supportive Government Initiatives
5.2 Key Market Restraints
5.2.1 Insufficiency of Standardization and Alternatives Availability
5.3 Key Market Opportunities
5.3.1 Soaring Preference for Energy-Efficient, Non-Conventional Lighting Solutions
5.4 Future Trends
5.4.1 Mounting Use of LED Flashlights in Unsafe Industrial Environments
5.5 Impact Analysis of Drivers and Restraints
6. LED Flashlight Market - MEA Analysis
6.1 MEA LED Flashlight Market Overview
6.2 MEA LED Flashlight Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. MEA LED Flashlight Market Analysis- By Type
7.2 MEA LED Flashlight Market Breakdown, By Type, 2019 & 2027 (%)
7.3 Rechargeable LED Flashlight
7.4 Non-Rechargeable LED Flashlight
8. MEA LED Flashlight Market Analysis - By Product
8.2 MEA LED Flashlight Market Breakdown, By Product, 2019 & 2027 (%)
8.3 Safety Flashlights
8.4 Everyday Carry Flashlights
8.5 Tactical Flashlights
9. MEA LED Flashlight Market Analysis - By Application
9.2 MEA LED Flashlight Market Breakdown, By Application, 2019 & 2027 (%)
9.5 Military and Law Enforcement
10. MEA LED Flashlight Market - Country Analysis
11. MEA LED Flashlight Market- COVID-19 Impact Analysis
12. Industry Landscape
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Key Facts
13.2 Business Description
13.3 Products and Services
13.4 Financial Overview
13.5 SWOT Analysis
13.6 Key Developments
- Bayco Products Inc.
- Coast Products
- Duracell Inc.
- Energizer Holdings, Inc.
- Streamlight Inc.
- Surefire LLC
For more information about this report visit https://www.researchandmarkets.com/r/v2qlli