Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Work light refers to high-intensity light fixtures that are used to illuminate the stage for the benefit of technicians. Technicians use these light fixtures for a number of reasons. Portable lights that are specifically designed to temporarily illuminate the working area at the residential, commercial and industrial work and use LED technology as a source of illumination are defined as LED Work Light. Different types of LED work lights are available in the market namely LED lantern, LED headlamp, and LED handheld lights. These light fixtures are used in residential, commercial, and industry use.

The global LED work light market is estimated to account for US$ 11,620.6 Mn in terms of value by the end of 2027.

Market Dynamics- Drivers

  1. Increasing consumer demand for efficient, low maintenance, and durable work light is expected to drive growth of the global LED work light market during the forecast period

Various end users across the market are demanding LED work light fixtures with high quality, efficiency, longevity, durability, and lower maintenance. Since LED work lights provide more applicable advantages, many end-use industries are increasingly adopting these light fixtures. For instance, LED work lights to have a significantly high service life of around 30,000 to 50,000 hours as compared to halogen lamps, which have service lives of around 150 to 540 hours. Hence, these factors are expected to drive growth of the global LED work light market over the forecast period.

  1. Growing inclination towards new features and advanced capabilities in portable lights is expected to propel the global LED work light market growth over the forecast period

Many end-use customers are increasingly preferring work light fixtures with new features and advanced capabilities. There is a high demand for work light fixtures that can be remotely controlled. Users can direct a brilliant LED light anywhere they need by simply manipulating the lamp’s remote control feature. For instance, workers on-site need to adjust the beam direction of work lights from faraway spots. They could direct the LED light anywhere by using the remote control feature. Larson Electronics, a manufacturer of LED work lights has developed a product range of remote-controlled work lights that provide users the facility of adjusting lighting fixtures; thus, eliminating the need to physically adjust the fixture itself. Hence, these factors are expected to propel the global LED work light market growth in the near future.

Statistics:                                

Europe held dominant position in the global LED work light market in 2019, accounting for 35.2% share in terms of value, followed by Asia Pacific, North America, Latin America and MEA respectively.

Figure 1: Global LED Work Light Market Share (%), in terms of Value, By Region, 2019

LED Work Light  | Coherent Market Insights

Market Dynamics- Restraint

  1. Consumer perception is expected to hamper the global LED work light market growth over the forecast period

Although LED work lights are being increasingly adopted among consumers, there is perception among some users that they are expensive. Moreover, there is a lack of awareness regarding benefits of LED lighting product s Although LED work lights could not be very attractive in terms of price per lumen and initial capital cost basis vis-à-vis conventional work lights, when total ownership cost (including energy and maintenance costs) is considered, the former outdo incandescent or halogen sources. Hence, these factors are expected to hinder the market growth over the forecast period.

  1. Development of alternative technologies is expected to restrain growth of the global LED work light market during the forecast period

Although LED has become popular among many consumers, many end users still prefer CFL or incandescent lighting fixtures. Since these fixtures cheaper than LED lights, consumers are increasingly preferring alternative technologies. Hence, these factors are expected to restrain growth of the global LED work light market in the near future.

Market Opportunities

  1. Latent population of non-users in several countries can present lucrative growth opportunities

A vast part of the population still remains non-user of LED work lights, torches flashlights, and lanterns. This is typically observed in countries with emerging economies such as Brazil, India, and China. By making these work light types available in these populations, the market potential in these countries could be tapped, thereby creating a vast new opportunity for the growth of the LED work light market. It should be noted that the demand for such LED work lights is spread across various price points, which provides major growth opportunities.

  1. Advent of green technology initiatives can provide excellent business opportunities

According to Coherent Market Insights’ analysis, LED lighting technology is expected to gain major traction in the commercial sector by 2020. This is characterized by a significant drop in the price of LED products, making them commercially viable. This opportunity creation is expected to be further propelled by the green revolution in lighting, which makes a preferential choice in favor of LED lighting products, such as LED work lights.

Figure 2: Global LED Work Light Market Value (US$ Mn), 2017 - 2027

LED Work Light  | Coherent Market Insights

The global LED work light market was valued at US$ 9,076.3 Mn in 2019 and is forecast to reach a value of US$ 11,620.6 Mn by 2027 at a CAGR of 3.1% between 2020 and 2027.

Market Trends

  1. Increasing number of new LED work light installations

Apart from being more energy-efficient, LED lights to have significantly extended lifetime as compared to that of conventional ones. This has been adversely affecting the replacement market, as consumers do not need to replace their lighting products frequently. Rather, as renovations and new infrastructures are followed by new installations, preferential purchase of LED work lights has been an important trend observed in recent times.

  1. High market growth rate is another major trend

According to Coherent Market Insights’ analysis, since 2011, the global market of LED lighting products has been growing annually by more than 10% consistently, as is the case with LED work lights. It has been observed that the market ratio of lighting fixtures and replacement light sources was 8:2. The top ten LED lighting firms accounted for around one-third of the global market.

Competitive Section

Key players involved in the global LED work light market are ABL Lights Inc., WF Harris Lighting, Bayco Products Inc., Streamlight Inc., Cooper Industries (EATON Corporation), Luceco plc, Ericson Manufacturing Co., Lex Products Corp, and Larson Electronics LLC.

Key Developments

  1. Major companies in the market are focused on product launches, in order to expand the product portfolio. For instance, in January 2020, Streamlight Inc. introduced Waypoint 300, a rechargeable high lumen pistol grip spotlight with augmented downrange lighting capability.
  2. Key market players are involved in mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in October 2019, Signify acquired Eaton Corporation for US$ 1.4 billion in cash.

Work light refers to high-intensity light fixtures that are used to illuminate the stage for the benefit of technicians. These fixtures use LED technology as a main source of illumination and are termed as LED work light. There are three types of LED work light namely battery-operated rechargeable LED work lights, battery-operated non-rechargeable LED work lights, and plug-in LED work lights. Residential segment encompasses flashlights required for searching in dark areas, spotlights for minor indoor repair operations, clamp lights for desk work, lanterns for temporarily illuminating the work area and for outdoor recreational activities such as camping. . Different types of LED work lights are available in the market namely LED lantern, LED headlamp, and LED handheld lights.

Market Dynamics

Demand of LED is increasing in every commercial and domestic use as they provide longer life, affordable option, compared to other type of lights. For instance, For instance, LED work lights to have a significantly high service life of around 30,000 to 50,000 hours as compared to halogen lamps, which have service lives of around 150 to 540 hours. Furthermore, smart lightning is even possible with LED lights. Many smart light providing companies are adopting LED as their primary option smart lighting solution. Smart lighting provides features such as remote control monitoring which enables users to control lights far from distance. Many key players in the market are developing remote control monitoring. For instance, Larson Electronics, a manufacturer of LED work lights has developed a product range of remote-controlled work lights that provide users the facility of adjusting lighting fixtures; thus, eliminating the need to physically adjust the fixture itself. Thus, increasing demand of LED lights in commercial and domestic use is expected to drive the global LED work light market in the forecast period.

However, lack of awareness of LED work light among the consumers is expected to hamper the global LED work light market during the forecast period.

Market Taxonomy

This report segments the global LED work light market on the basis of Operation, Product Type, Sales Channel, End Use Industry, and region. On the basis of Operation, the global LED work light market is segmented into Battery Operated and Plug-in. On the basis of Product Type, the global LED work light market is segmented into Flashlight, Spotlight, Clamp light, Lantern and Others. On the basis of Sales Channel, the global LED work light market is segmented into Direct Sales, Retail Outlets, Online, Others. On the basis of End Use Industry, the global LED work light market is segmented into Residential, Commercial & Institutional, and industrial. On the basis of region, the global LED work light market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global LED work light market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global LED work light market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global LED work light market are ABL Lights Inc., WF Harris Lighting, Bayco Products Inc., Streamlight Inc., Cooper Industries (EATON Corporation), Luceco plc, Ericson Manufacturing Co., Lex Products Corp, and Larson Electronics LLC.  
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global LED work light market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global wq market.

Detailed Segmentation:

  • Global LED Work Light Market, By Operation:
    • Battery Operated
      • Rechargeable
      • Non- rechargeable
    • Plug-in
  • Global LED Work Light Market, By Product Type:
    • Flashlight
    • Spotlight
    • Clamp light
    • Lantern
    • Others
  • Global LED Work Light Market, By Sales Channel
    • Direct Sales
    • Retail Outlets
    • Online
    • Others
  • Global LED Work Light Market, By End Use Industry
    • Residential
    • Commercial & Institutional
      • Garage
      • Farms
      • Laboratories
      • Others
    • Industrial
  • Global LED Work Light Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • ABL Lights Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • WF Harris Lighting
    • Bayco Products Inc.
    • Streamlight Inc.
    • Cooper Industries (EATON Corporation)
    • Luceco plc
    • Ericson Manufacturing Co.
    • Lex Products Corp
    • Larson Electronics LLC.

*Browse all the market data tables and figures on “Global LED Work Light Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Operation
      • Market Snippet, By Product Type
      • Market Snippet, By Sales Channel
      • Market Snippet, By End Use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Global LED Work Light Market, By Operation, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Battery Operated
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Rechargeable
        • Non- rechargeable
    • Plug-in
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global LED Work Light Market, By Product Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Flashlight
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Spotlight
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Clamp light
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Lantern
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global LED Work Light Market, By Sales Channel, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Direct Sales
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Retail Outlets
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Online
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global LED Work Light Market, By End Use Industry, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Residential
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Commercial & Institutional
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Garage
        • Farms
        • Laboratories
        • Others
    • Industrial
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  8. Global LED Work Light Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Operation, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Operation, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Operation, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Operation, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Operation, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • ABL Lights Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • WF Harris Lighting
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bayco Products Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Streamlight Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cooper Industries (EATON Corporation)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Luceco plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ericson Manufacturing Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lex Products Corp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Larson Electronics LLC.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse XX market data tables and XX figures on “Global LED Work Light Market-forecast to 2027”.

Frequently Asked Questions

The global LED work light market size was valued at US$ 9,076.3 million in 2019 and is estimated to exhibit a CAGR of 3.1% between 2020 and 2027.
Online segment held the major market share in 2019 owing to an Increasing consumer demand for efficient, low maintenance, and durable work light is expected to drive during the forecast period.
Major factor driving the growth of global LED work light market during the forecast period increasing consumer demand for efficient, low maintenance, and durable work light, growing inclination towards new features and advanced capabilities in portable lights
Major factors hampering the growth of the LED work light market during the forecast period constitutes of development of alternative technologies
Europe LED work light market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are ABL Lights Inc., WF Harris Lighting, Bayco Products Inc., Streamlight Inc., Cooper Industries (EATON Corporation), Luceco plc, Ericson Manufacturing Co., Lex Products Corp, and Larson Electronics LLC.
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