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Overview of Two-wheeler Lighting Market: Size, Trends, Share and Growth Forecast till 2022

04-30-2018 03:00 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fact.MR

Fact.MR

A freshly compiled business intelligent report, titled “Two-wheeler Lighting Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Two-wheeler Lighting” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

Request For Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=143

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.

Similar Opportunity in Headlamp and Front Lamp Segment

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.

Front Indicator and Side Lights Important in Two-Wheeler Lighting Market

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.

Browse Full Report with TOC @https://www.factmr.com/report/143/two-wheeler-lighting-market

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.

Competition Tracking

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

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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