Work lights Market to Reach $48.7 Billion, Globally, by 2032 at 4.2% CAGR: Allied Market Research
PORTLAND, Ore., June 14, 2023 /PRNewswire/ -- Allied Market Research published a report titled, "Work Lights Market by Type (Portable, Tripod, Handheld, and Retractable), by Light Technology (Integrated LED, Halogen, Fluorescent), by Power Source (Plug-In, Battery), by End-Use (Construction, Warehouses, Manufacturing, Mining, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global work lights market was valued at $32.4 billion in 2022 and is estimated to reach $48.7 billion by 2032, exhibiting a CAGR of 4.2% from 2023 to 2032.
- The pandemic, however, generated new opportunities for the work lights market.
- Work lights had been essential for ensuring visibility and lowering the risk of accidents, which helped to maintain a safe working environment.
- Furthermore, the work lights market also experienced an impact due to environmental consciousness.
- These factors are driving the demand for various lights, which led to the demand for the work lights market in the Asia-Pacific.