Dublin 2, Ireland, 2018-Jul-12 — The scope of the report is to analyze the global two-wheeler lighting market for the period 2017-2022 and give readers an accurate, unbiased analysis. Two-wheeler lighting manufacturers, suppliers, and stakeholders in the overall automotive industry can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines. An up-to-date research report has been disclosed by FactMR highlighting the titled “Global Research Report on Two-wheeler Lighting Market Size, Share, Growth Driven by Thriving Automotive and Construction Industries 2017-2022” which provides an outlook of current market value as well as the expected forecast including Rate on Investment (ROI) together with growing CAGR of 2.9% during 2017-2022.
Lighting plays an extremely important role in automotive safety as it alerts the rider to the presence, size, and position of other vehicles, pedestrians, and obstructions. This is especially important in the case of two-wheelers as it can mean the difference between life and death. The future of the two-wheeler lighting market looks very bright indeed as manufacturers are experimenting with various new technologies that improve the light output while simultaneously reducing energy consumption. The two-wheeler lighting market is also poised to benefit from discerning customers that seek the perfect balance between form and functionality.
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Increasing two-wheeler production around the world directly benefits all ancillary markets such as the two-wheeler lighting market. Factors such as stricter safety norms play a major role as two-wheeler lighting manufacturers need to ensure that their products comply with existing regulations in the country. This has compelled them to seek out innovative new technologies that help reduce power consumption while simultaneously increasing light output. In addition to safety aspects, the two-wheeler lighting market is anticipated to shine in the days ahead because of the desire of customers to have two-wheeler lights that are both, functional and fashionable.
Two-wheeler lighting comprises the system that provides the rider visibility in bad weather or complete darkness and alerts them of the size, presence, and position of any fellow motorist or pedestrian plying on the road. The three main technologies used in the two-wheeler lighting market are LED, halogen, and Xenon bulbs.
The headlamp and the front lamp segment represent a similar market opportunity in the two-wheeler lighting market as both are just under a fifth of the revenue share by product type. The headlamp segment is slightly larger at just over US$ 416 million by the end of 2022. Europe and APEJ are by far the dominant regional contributors in the headlamp segment of the two-wheeler lighting market. This also holds true for the front light segment and key stakeholders in the two-wheeler lighting market would do well to take note.
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The front indicator segment in the two-wheeler lighting market is on track to grow with a CAGR of 2.7% for the period from 2017 to 2022 and it accounts for approx. 13% revenue share. Even though Europe currently has the largest regional contribution to this segment, APEJ should record a higher CAGR and be inching closer to Europe by the year 2022. With respect to side lights, companies may want to target Latin America and APEJ as these dynamic, fast-growing regions are predicted to record an extremely robust CAGR which will make them strategic focus areas in the long run.
Aftermarket Channel Dominates OEM in Two-Wheeler Lighting Market
The aftermarket channel consists of almost 2/3rd revenue share in the two-wheeler lighting market by sales channel and it is likely to retain this dominance for some time to come. The Europe aftermarket two-wheeler lighting market alone is on track to be worth just under US$ 340 million by the end of the study, making it too lucrative to ignore. The OEM channel is considerably smaller but is projected to gain share during the period. Hence, companies are advised not to overlook it entirely in favor of the more prominent aftermarket channel. Europe and APEJ are neck-and-neck in the OEM segment of the two-wheeler lighting market and it will be interesting to see when APEJ manages to outpace Europe.
The Fact.MR report on the two-wheeler lighting market has compiled a list of major players actively involved in the two-wheeler lighting market. A few of them include General Electric, Hyundai Mobis, Koito Manufacturing, Magnetti Marelli, OSRAM GmbH, Valeo, and Stanley Electric, Ichikoh Industries Ltd, HELLA KGaA Hueck & Co, and Koninklijke Philips N.V
Table of Contents
- Global Two Wheeler Lighting Market – Executive Summary
- Global Two Wheeler Lighting Market Overview
2.1.1. Global Two Wheeler Lighting Market Taxonomy
2.1.2. Global Two Wheeler Lighting Market Definition
2.2. Global Two Wheeler Lighting Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Two Wheeler Lighting Market Y-o-Y Growth
2.3. Global Two Wheeler Lighting Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
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