Key Insights: Global Two Wheeler Lighting Market
Regulatory Standards – The Key Driving Force behind Two Wheeler Lighting Innovation
Tightening regulatory norms targeting vehicle safety and accident prevention will continue to play a pivotal role in sustaining the demand for quality two wheeler lighting at a global level. The evolving pressure of meeting real-time regulations is expected to compel two wheeler and two wheeler lighting manufacturers to constantly invest in R&D of innovative two wheeler lighting technologies.
This is likely to provide the two wheeler lighting market a major push through the foreseeable future. In addition to mitigating for the aesthetic and functional demands by two wheeler owners, participants in the two wheeler lighting market are increasingly focusing on designing affordable and energy efficient two wheeler lighting systems.
Auxiliary Two Wheeler Lighting – Another Revenue Generation Channel in Two Wheeler Lighting Market
Growing demand for auxiliary two wheeler lighting that supplements and complements the headlight is foreseen to elevate the outlook of two wheeler lighting market in the near future. Long distance/off-road terrain/adventurous bike riders need to fill in the gaps left by OEMs in case of headlight, which further raises the demand for auxiliary two wheeler lighting, i.e. the backup illumination source.
Escalating DRL Popularity Points to Improving Scenario for LED in Two Wheeler Lighting Market
Visibly rapid transitioning of DRLs (daytime running lights) from halogen to LED in terms of source highlights the potential of LED to witness robust growth in the near future. However, despite the two wheeler lighting market holds healthy prospects for LED, halogen still lead the mainstream selection of two wheeler lighting. Over the next few years, LED is expected to account for over one-fourth share of the total two wheeler lighting market value. With steady DRL adoption by two wheeler owners pushing LED scenario, it will further strengthen with an exclusive application of LED in sequential turn lighting.
Integrated Lamp Control Mechanism Specific to LED Two Wheeler Lighting May Uplift Two Wheeler Lighting Market Performance
A leading energy efficient solutions provider based in India, Rohm Semiconductor, is looking forward to introduce the integrated lamp control mechanism for LED two wheeler lighting systems, with an objective to achieve enhanced efficiency and safety without compromising on superior aesthetics of LED two wheeler lighting systems.
While the company is proposing this solution for Indian two wheeler lighting market presently, it is likely that Rohm’s integrated lamp control technology will traverse the two wheeler lighting markets in other regions and at a global level. The company is currently focusing on comprehending specific requirements of Tier 1 companies, India-based OEMs, and their value chains.
Competition Tracking: Global Two Wheeler Lighting Market
Osram GmbH, Hella KGaA Hueck & Co, and General Electric are a few of the prominent leaders competing in the global two wheeler lighting market space. Among these, Osram GmbH considers India as one of the top performing markets in the automotive lighting sector and over the next couple of years, the company expects over 60% of the revenue share coming from India alone.
Osram (India) recently announced the launch of a brand new range of automotive lighting solutions, i.e. Rallye – a cost competitive lighting range that includes around 12 halogen lamp variants for four wheelers, two wheelers, and commercial vehicles.
In addition to strategize this effort to consolidate the company’s position in the industry, Osram also looks forward to augment investment in the automotive replacement market. The company has a strong distribution network across India and the production of new lighting range has been planned in China and Germany, besides India. Osram is also expected to adopt online sales channel in the near future.
Varroc Group, the Tier 1 player in the global automotive components sector, is strengthening the footprint in exterior automotive lighting space through expansion of Varroc Lighting Systems in Japan. The company specializes in cutting edge, cost competitive exterior four and two wheeler lighting supply, and is currently focusing on leveraging the high quality, low cost manufacturing footprint in Japan, by partnering with Japanese OEMs. Moreover, the company's recently launched surface-LED technology is presumed to hold the promise of enhancing design and efficiency of four and two wheeler headlamps.
The report on global market for two wheeler lighting market also profiles a number of other prominent companies operating in the competitive landscape of the global two wheeler lighting market - Hyundai Mobis, Valeo, Koninklijke Philips N.V., Koito Manufacturing, Stanley Electric, Magnetti Marelli, and Ichikoh Industries Ltd.
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Global Two Wheeler Lighting Market: Product Definition
Two wheeler lighting system serves to provide clear visibility to two wheeler riders through darkness, fog, smog, and bad weather conditions. A wide range of two wheeler lighting technologies allow riders and other fellow motorists as well as pedestrians to know others’ positions on road – preventing accident instances.
About the Report on Global Two Wheeler Lighting Market
Despite witnessing notable technological transformation over the years, the global two wheeler lighting market has been slated to observe poor growth over the next five years. Over 2017-2022, the two wheeler lighting market is expected to exhibit XX% CAGR, reaching the valuation of just above US$ XX Bn by the end of 2022. As indicated by a new study on two wheeler lighting market, LED and its variants will continue to gain ground in two wheeler lighting marketplace.
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Strongly thriving emerging economies hold promising prospects for a wide range of verticals, automotive being one of the most impacted domains. With booming automotive production and sales estimated over the upcoming decade, the automotive components and accessories markets are also likely to witness robust expansion through the foreseeable future. Two wheeler lighting market has been an important landscape, undergoing immense technological transformation over the years. Although innovations such as LED, OLED, surface-LED, DRL, AFL, and others are creating an optimistic scenario in two wheeler lighting market, Fact.MR has projected a passive growth outlook for the global two wheeler lighting market over the next few years.
A recently published research study on global two wheeler lighting market by Fact.MR offers an extensive evaluation of the entire performance trajectory of the global two wheeler lighting market, considering 2017-2022 as the course of assessment. The report, titled “Two Wheeler Lighting Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2017 to 2022,” constitutes 14 chapters that are the exhaustive sections individually covering each aspect of the two wheeler lighting market. The report also offers actionable insights on the key dynamics, taxonomy, geographical markets, and competitive landscape of two wheeler lighting market.
Chapter 1: Executive Summary: Global Two Wheeler Lighting Market
The report begins with a concise summary of the global two wheeler lighting market. While the executive summary sets the tone for the rest of the report giving users the scope of the report, it exhaustively includes important statistical figures and facts influencing the performance of two wheeler lighting market.
Chapter 2: Overview: Global Two Wheeler Lighting Market
This chapter of the report offers a broader overview of the global two wheeler lighting market, covering introduction, standard product definition, yearly growth pattern, market sizing, and forecast for 2017-2022. The next section of the report offers thorough description of the key macroeconomic factors that have a bearing on the global two wheeler lighting market scenario.
This chapter of the report also throws light on detailed examination of the most prominent push and pull factors impacting the progress of two wheeler lighting market, followed by the latest trends governing the marketplace and upcoming opportunities that can turn into actionable white spaces for two wheeler lighting market stakeholders.
Chapter 3: Two Wheeler Lighting Market Analysis and Forecast by Product Type
- Front Light
- Side Light
- Front Indicator
- Rear Indicator
- Tail/Brake Light
- Number Plate
Chapter 4: Two Wheeler Lighting Market Analysis and Forecast by Sales Channel
Chapter 5: Two Wheeler Lighting Market Analysis and Forecast by Vehicle Type
Chapter 6: Two Wheeler Lighting Market Analysis and Forecast by Volts
Chapter 7: Two Wheeler Lighting Market Analysis and Forecast by Region
- North America
- Latin America
- Asia Pacific excluding Japan
- Middle East and Africa
Chapters 8-13: cover an extensive country-wise evaluation of all the six key regional markets for two wheeler lighting, based on their segmental performance by product type, vehicle type, volts, and sales channel.
Chapter 14: Competition Analysis: Global Two Wheeler Lighting Market
The concluding section of the report provides thorough yet precise profiling of key companies operating in the global two-wheeler lighting market landscape. A majority of global leaders, established players, and new entrants have been covered in this chapter of the report that offers insights on their brand market shares, key financials, current and prospective market positions, winning strategies, differentiation pointers, and SWOT analysis. The competitive intelligence presented in the report intends to help businesses in the two wheeler lighting market landscape comprehend the intensity of competition and key competition parameters, and arrive at prudent strategic decisions for business growth.
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