Global Flashlight Market to Witness Robust Growth Throughout 2017-2025

New York, NY -- (SBWIRE) -- 10/17/2017 -- According to this research report, the global flashlight market is anticipated to grow at a robust rate to reach a significant value by the end of the year of assessment. The flashlight market has been experiencing steady growth during the 2012-2016 timeline. It is projected to grow at a value CAGR of 6.6% throughout the period of assessment, to reach a market value of around US$ 8.2 Bn by end of 2025 from a market valuation of about US$ 4.9 Bn in 2017. The growth of the flashlight market can be attributed to the rising demand for explosion proof LED flashlights, growing demand for durable, efficient and low maintenance flashlight, increasing innovation in flashlight products for outdoor recreation activities, augmented penetration of LED technology, rising demand for flashlights in the oil and gas industry and rising demand for rechargeable LED flashlight. According to this research, the flashlight manufacturers can focus on expanding their businesses across countries in APAC and North America regions where there is an increase in demand for innovative flashlights such as tactical, professional and outdoor flashlights.