A recent market intelligence report that is published by Data Insights Partner on the global Two-wheeler Lighting Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Two-wheeler Lighting Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Two-wheeler Lighting Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Two-wheeler Lighting Market is offered. In accordance with the report, the global Two-wheeler Lighting Market is projected to expand by healthy CAGR of 5.8% over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Lighting is a very important part of the two-wheelers that helps the rider to avoid pits and bumps on the road in low light conditions and at night. It also provides better visibility to its riders under bad weather conditions. The lights also help riders in giving signals to other car drivers, riders or pedestrians about their situations and current locations to avoid accidents and such. Different shapes and colors of lights are also used in order to enhance the aesthetics of the two-wheelers. The most commonly used two-wheeler lightings are LED, halogen, and xenon.
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The expanding two-wheeler industry is the main reason behind the rapid growth of Two-wheeler Lighting Markets. The usage motorcycles and bicycles has risen in the past few years due to its conveniency, low costs, high speed and efficiency in avoiding traffics. The rising demand in turn has made the two-wheeler manufacturing industry, its raw material supplying and manufacturing industry and repairing of two-wheeler industry to grow which includes Two-wheeler Lighting Industry as well.
Beside this, the rapid urbanization, growing population, rising per capita income and rising concerns over road safety are also some of the key players behind the rapid growth of the Two-wheeler Lighting Market.
Aside from these, the strict government regulations to maintain road safety and rising foreign investments in the Two-wheeler Lighting sector are also adding fuel to this increasing market growth.
The regular introduction of different and brand-new types of Two-wheeler Lightings with better technology, qualities, designs and durability in different sizes and price range to satisfy the varying tastes of the customers is also attracting new consumers and thus helping the growth rate of Two-wheeler Lighting Market to rise high. The convenience and efficiency of Two-wheeler Lighting spaces is also helping in the expansion of the said market.
The Two-wheeler Lighting Market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
High prices of the raw materials, high cost of installation, maintenance and repairing, high cost of R&D activities and high transportation and import costs resulting into high rents of the premium quality end products.
Non-durability of products.
Unavailability of these products in many regions.
Lack of awareness about the availability and benefits of the many types of Two-wheeler Lighting in the developing countries.
Lack of penetration in developed country markets due to regulations over and high prices of two-wheelers.
The Original Equipment Manufacturing segment of Two-wheeling market will provide the most opportunities in the future as the growth rate of these segment is equivalent to the growth rate of two-wheeler manufacturing market. The commercial usage market beside personal usage will also be offering huge growth opportunities with the rising usage of two-wheelers in growing of e-commerce sectors and app two-wheeler sectors.
During the forecast period, Asia Pacific will have the largest share of Two-wheeler Lighting Market. The demand for these products in the Asia Pacific region is driven by its expanding two-wheeler manufacturing and repairing sectors, growing population and rising disposable income among individuals. It is also believed that on the basis of lighting type, the halogen and LED segments will face the highest growth rate for its relatively high demand due to bright lighting, long durability and superior energy efficiency, low prices, efficiency and convenience. Among these two, LED segment is expected to register the highest growth rate.
This market intelligence report on the global Two-wheeler Lighting Market encompasses market segments based on two-wheeler type, lighting type, application, sales channel, end usage, distributional channel and country.
By Two-wheeler Type the global Two-wheeler Lighting Market has been divided into:
q Cruiser Motorcycles
q Standard Bikes
q Sports Bikes
q Touring Bikes
q Multi-purpose Bikes
q Electronic Bikes (e-bikes)
By Lighting Type the global Two-wheeler Lighting Market has been divided into:
By Application the global Two-wheeler Lighting Market has been divided into:
q Rear Lights
By Sales Channel the global Two-wheeler Lighting Market has been divided into:
q Original Equipment Manufacturers
By End Usage the global Two-wheeler Lighting Market has been divided into:
By Distributional Channel the global Two-wheeler Lighting Market has been divided into:
By country/region, the global Two-wheeler Lighting Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Ampas Lighting
q Bruno/Zadi Group
q Federal Mogul
q FIEM Industries
q IJL (Lucas TVS & Koito India)
q Lazer Lamps
q Osram GmbH
q Varroc Lighting
q ZWK Group
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Two-wheeler Lighting Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
The international company Motolight is famous for manufacturing auxiliary lights for two-wheelers. The company is known for their classy looking lights that suits sports bikes and high bikes.
The German automotive parts supplier company Hella is one of the top 50 automotive suppliers in the world and the 100 largest industrial companies in Germany with more than 40 employees and more than 100 offices and supply locations in over 35 countries worldwide. The company has been focusing on their R&D activities a lot to keep bringing new types of parts and equipment. The most recent innovations of the company include headlight that adapts to the prevailing driving and weather condition. Hella has recently signed a deal of partnership with Air-Quality Data Company BreezoMeter in 2017.
The North American automotive parts manufacturing company consists of many large international companies and specializes in the production of different types of lightings for automotive vehicles such as two-wheelers.
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Ø This study offers comprehensive yet detailed analysis of the Two-wheeler Lighting Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Two-wheeler Lighting Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of different type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Two-wheeler Lighting caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Two-wheeler Lighting Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Identification of key factors driving investment opportunities in the Two-wheeler Lighting Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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