Analysis of Two-wheeler Lighting market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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 the 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 the aesthetic and functional demands of two-wheeler owners, participants in the two-wheeler lighting market are increasingly focusing on designing affordable and energy-efficient two-wheeler lighting systems.
Growing demand for auxiliary two-wheeler lighting that supplements and complements the headlight is foreseen to elevate the outlook of the 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 the headlight, which further raises the demand for auxiliary two-wheeler lighting, i.e. the backup illumination source.
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 leads 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 scenarios, it will further strengthen with an exclusive application of LED in sequential turn lighting.
A leading energy-efficient solutions provider based in India, Rohm Semiconductor, is looking forward to introducing 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 the 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 the specific requirements of Tier 1 companies, India-based OEMs, and their value chains.
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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 its footprint in exterior automotive lighting space through the 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 the design and efficiency of four and two wheeler headlamps.
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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.
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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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The global Two-wheeler Lighting market is likely to reach a valuation of US$ 400 Mn by the end of 2022.
Some of the key players in global Two-wheeler Lighting market are Hyundai Mobis, Valeo, Koninklijke Philips N.V., Stanley Electric and many more.
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