openPR Logo
Press release

Two-wheeler Lighting Market to Grow at a Moderate CAGR of 3% through 2022 - States Fact.MR

04-28-2021 12:04 PM CET | Tourism, Cars, Traffic

Press release from: Fact.MR

A majority of modern two wheeler models equipped with the AHO (automatic headlight on) feature underlines the growing significance of vehicle safety worldwide.

Besides the increasing necessity to embrace the safety quotient, two wheeler lighting manufacturers are considering improved aesthetics and lower energy consumption of paramount importance.

To get in-depth information view the report -

This parallel requirement has been compelling OEMs as well as two wheeler lighting system providers to incur the shift to high performance LED in the global two wheeler lighting market.

While the recent past has been observing growing adoption of LED especially in rear lamps, headlamps still record major reliance on halogen and projector two wheeler lighting.

Although LED is visibly gaining grounds in the global two wheeler lighting market, halogen will continue to represent the most preferred two wheeler lighting source over the years ahead.

According to a latest study presented by Fact.MR, the global two wheeler lighting market will possibly cross the valuation of US$ 400 Mn in terms of revenue, by 2022 end.

During 2017-2022, the global revenue of two wheeler lighting market is slated to grow a sluggish pace, exhibiting the CAGR of less than 3%.

Two wheeler lighting market analysis by the type of product reveals that front lamp and headlamp will represent a similar opportunistic scenario for two wheeler lighting market participants.

Headlamp is however slated to bag in a slightly higher revenue in two wheeler lighting market, by the end of 2022.

Front indicators and side lights are also projected to emerge as important product type segments over the examination period, in two wheeler lighting market.

To Know the COVID-19 Impact on Europe Region, Request for Sample -

On the basis of vehicle type, motorcycle will continue to account for more than a quarter of the total two wheeler lighting market revenue throughout the forecast period.

While elevating motorcycle sales have been prominent fueling the two wheeler lighting market in the recent years, the report estimates higher impact of brisk motorcycle in the near future.

Catering to an extensive range of use cases including economical, luxury, and sports, motorcycle sales will remain on a higher side – majorly driving Europe and APEJ markets for two wheeler lighting.

The latter is presumed to outgrow the former through 2022, in terms of growth rate.

Moped is another attractive vehicle type for two wheeler lighting manufacturers, as it continues to gain traction owing to unmatched convenience, comfort, price point, and suitability for consumers of a wide range of ages.

Moped segment is anticipated to witness significant innovation in design, styling, and performance of headlamps, tail lights, front and rear indicators, and side indicators.

Share Your Requirements & Get Customized Reports -

Based on the voltage, 12V segment in the two wheeler lighting market registered over three-fifth share of the global market value in 2017.

While 14V segment in the two wheeler lighting market is poised to see steady growth over the course of assessment period, 12V is likely to approach the valuation equating US$ 1.5 Bn towards the end of 2022.

Leading players in two wheeler lighting market are expected to direct their investments in the 14V segment to improve penetration in APEJ over the next few years.

As aftermarket is expected to remain dominant over OEMs in terms of sales channel, leading stakeholders in the two wheeler lighting market are focusing more on expanding their strategic footprint targeting aftermarket sales.

However, the report also indicates a possibility of OEMs emerging as a lucrative sales channel in the two wheeler lighting market over the course of next few years.

While Europe and APEJ continue to secure top performing market positions, it remains to be seen whether emerging Asian economies hold the potential to outweigh European market for two wheeler lighting over the upcoming years.

Buy Now for Exclusive Analyst Support -

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website -

Content Source -

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Two-wheeler Lighting Market to Grow at a Moderate CAGR of 3% through 2022 - States Fact.MR here

News-ID: 2276667 • Views: 120

More Releases from Fact.MR

Activewear Market is set to record exponential growth by 2029: Fact.MR
Activewear is an apparel which boosts the performance of athletes during the sports and fitness physical activities by improving the body movements when compared to the regular clothes. Also, the activewear also helps to avoid muscle sprains and other ligament and muscle injuries. The appropriate fitting and proper support provided by these apparels, leads to the rapid growth of the global activewear market. Moreover, the active apparels support unique advantages
Glaucoma Diagnostics Market Globally Expected to Drive Growth through 2019 -2029
Glaucoma is one of the major eye disorder which affects the optic nerve carrying information from eye to brain. According to report from WHO Glaucoma is the second leading cause for total blindness. Traditionally topical medications and laser surgery especially trabeculotomy are principal methods to treatment glaucoma. The high risk due to complications and high cost associated with the treatment procedures have created the grounds for new safe and effective
The Global Demand of Aromatherapy Diffuser Market, Growth Analysis, Latest Trend …
Support from the science community in propounding the benefits of aromatherapy on mental health has had a positive impact on aromatherapy diffuser market. Click Here To get a Sample Report (Including Full TOC, Table & Figures) The resultant prevalence of aromatherapy among millennial consumers drive demand for aromatherapy diffusers during the forecast period (2019-2029). Consumer trends such as meditation, and spa & salon services will heighten demand growth for aromatherapy diffusers.
Global Market for 3D Wheel Aligners to Witness Growing Adoption for Off-Road Veh …
Bad weather conditions and growing disregard for road maintenance is worsening the state of roads in several parts of the world, and wheel alignment systems are witnessing a sharp increase in demand. 3D wheel aligners, a key advancement in wheel alignment systems, are being sought to attain accurate assessment of nonalignment by capturing the condition of wheels and the axle three-dimensionally. Gain complete access to the report - The Fact.MR forecast

All 5 Releases

More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining