Proving 'Old is Gold' wrong as the new age flashlights to shine better than earlier models in the near future - Bonafide Research
Jul, 07
2020

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Proving 'Old is Gold' wrong as the new age flashlights to shine better than earlier models in the near future - Bonafide Research

 

Flashlights are the portable electric-powered light source. The mobile light source is classified on the basics of its power source as rechargeable flashlights & non-rechargeable flashlights. The various application involved in the usage of flashlights is commercial use, government sector, law enforcement sector, bicycle headlights, night orienteering, diving outdoors, expeditions or adventure trips, household usage and the increasing use of security personal in every housing colony and others. Flashlights with a LED (light-emitting diode) source dominate the overall product mix in India. The flashlight market in India is at a very niche stage. The segments in the flashlights market were traditionally determined by the materials used, namely plastic, brass, and aluminum. Historically, the ‘brass’ segment was the most popular among consumers, especially in rural areas. Usually, the source of light is a small incandescent light bulb or (LED). These new generation flashlights have witnessed robust sales during the initial two years of their launch in the market. In addition to the general-purpose hand-held flashlight, many forms have been adapted for special uses. The new forms include the helmet-mounted flashlights, headgear lights, lanterns which serve a 360-degree lighting purpose without having to hold in hands. In extreme rural segments, the usage of non-rechargeable flashlights are more evident due to the lack of charging facilities. The government's efforts in making electricity reach every nook and corner of the country is proving successful, and thus reducing the market for the flashlights. As per the report “India Flash Light Market By Value, By Flashlight Type (Led & Non-Led), By Charging Type (Rechargeable & Non-Rechargeable) By segment (Organized & Non- Organized),Overview, 2020-2025” published by Bonafide Research the findings show that at a global level, a rechargeable LED flashlight segment of the flashlight market has been enjoying the prominent position in the market. With its large presence in the global market, the same scenario also reflects in the Indian flashlight market. It is seen that the market has witnessed a rapid adaption in the last couple of years, which proposes the expected growth of above 4% in the forecasted period. The major end-users of flashlights are the rural segment wherein the power cut and outages are very frequent and they need an alternate support on a very daily basis. The growth of flashlight adaption has largely been supported by the rechargeable segment which grew at a CAGR of nearly 8% in volume terms till the year 2018-19. Rechargeable or secondary batteries, include lead-acid batteries, NiMH, NiCd batteries, and lithium-ion batteries. Along with a long usage period, availability in different sizes and features makes it more attractive. There is a good cumulative average growth rate in the flashlight market in India, the reason behind this growth being the more use of flashlights for exploration in the night time, for patrolling, for operation by armed forces, etc. The retail segment and distribution of the flashlights are largely dependent on general provision stores, supermarkets, hypermarkets, electrical shops and currently shifting to online markets. These modes of trade have derived the market with its positives, which will be reflecting in the coming years where the growth is higher than the current rate. The competitive landscape of flashlight market in India consists of Eveready Industries India Limited, Panasonic Energy India Limited, AndsLite Private Limited, Indo National Limited, Bajaj Electricals Ltd, Wipro Consumer Care & Lighting Limited, SSK Group (Syska), Ajanta Manufacturing Pvt. Ltd. (Oreva), Havells India Limited Food Industries, etc. The interest and demand for convenient portable items are the main consideration driving the flashlight market at global as well as national level, as these are now used for surveillance, patrolling, etc over just as a source of light where electricity is not available. The interest for the portable lighting source – flashlight - is relied upon to increment over the estimated period, which is going to support the Indian flashlight market. Entrance into the multi-featured rechargeable LED flashlight might be an enormous open door for an increase in market size. In India, more compact and long beam flashlights are increasing their market share by year on year. National, as well as local players, are doing a great job in the flashlight market. Rechargeable lanterns with extra features like FM, Bluetooth speaker, AUX facility, and a port to charge mobile phones are gaining more appreciation in the market. New technologies are also allowed to charge flashlights with solar energy as well as AC supply.

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