Press release
Global Commercial Vehicles LED Bar Lights Market Size and Forecast to Grow at a CAGR of 31.54% By 2021
Automotive LED bar lights are used in the vehicles as a purpose of alerting the other vehicles and pedestrians walking on the roads about their location and position. LED technology is now being used in bar lights as a means to increase the overall safety of the vehicles and other unprotected road users. In commercial vehicles, the adoption of LED light bars makes more sense as the commercial vehicles are usually larger in shape and size, thereby, making them more vulnerable to on-road collisions.
Technavios analysts forecast the global commercial vehicles led bar lights market to grow at a CAGR of 31.54% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicles led bar lights market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Commercial Vehicles LED Bar Lights Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Federal-Mogul
Hella
Magneti Marelli
OSRAM
Valeo
Other prominent vendors
Lazer Lamps
Kuda UK
PIAA Corporation
Westin Automotive
NEOLITE
SL Corporation
Stanley
Varroc Group
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Market driver
Commercial vehicle rear lighting system improves on-road visibility: Increased safety
For a full, detailed list, view our report
Market challenge
Overheating issues and shorter lifespan: Reliability issues
For a full, detailed list, view our report
Market trend
Computer-designed reflector design and modular housing
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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