Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Two-wheeler Lighting Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Two-wheeler Lighting Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Two-wheeler
Lighting Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Two-wheeler Lighting Market is offered. In accordance with the report, the global
Two-wheeler Lighting Market is projected to
expand by healthy CAGR of 5.8% over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Lighting
is a very important part of the two-wheelers that helps the rider to avoid pits
and bumps on the road in low light conditions and at night. It also provides
better visibility to its riders under bad weather conditions. The lights also
help riders in giving signals to other car drivers, riders or pedestrians about
their situations and current locations to avoid accidents and such. Different
shapes and colors of lights are also used in order to enhance the aesthetics of
the two-wheelers. The most commonly used two-wheeler lightings are LED,
halogen, and xenon.
Market Drivers
The
expanding two-wheeler industry is the main reason behind the rapid growth of
Two-wheeler Lighting Markets. The usage motorcycles and bicycles has risen in
the past few years due to its conveniency, low costs, high speed and efficiency
in avoiding traffics. The rising demand in turn has made the two-wheeler
manufacturing industry, its raw material supplying and manufacturing industry
and repairing of two-wheeler industry to grow which includes Two-wheeler
Lighting Industry as well.
Beside
this, the rapid urbanization, growing population, rising per capita income and
rising concerns over road safety are also some of the key players behind the
rapid growth of the Two-wheeler Lighting Market.
Aside
from these, the strict government regulations to maintain road safety and
rising foreign investments in the Two-wheeler Lighting sector are also adding
fuel to this increasing market growth.
The
regular introduction of different and brand-new types of Two-wheeler Lightings with
better technology, qualities, designs and durability in different sizes and
price range to satisfy the varying tastes of the customers is also attracting
new consumers and thus helping the growth rate of Two-wheeler Lighting Market to
rise high. The convenience and efficiency of Two-wheeler Lighting spaces is
also helping in the expansion of the said market.
Market Restraints
The Two-wheeler Lighting Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
High prices of the raw materials, high cost of
installation, maintenance and repairing, high cost of R&D activities and high transportation and
import costs resulting into high rents of the premium quality end products.
Non-durability of products.
Unavailability of these products in many regions.
Lack of awareness about the availability and
benefits of the many types of Two-wheeler Lighting in the developing countries.
Lack of penetration in developed country markets
due to regulations over and high prices of two-wheelers.
Opportunities
The Original Equipment Manufacturing segment of
Two-wheeling market will provide the most opportunities in the future as the
growth rate of these segment is equivalent to the growth rate of two-wheeler
manufacturing market. The commercial usage market beside personal usage will
also be offering huge growth opportunities with the rising usage of
two-wheelers in growing of e-commerce sectors and app two-wheeler sectors.
Trends
During
the forecast period, Asia Pacific will have the largest share of Two-wheeler
Lighting Market. The demand for these products in the Asia Pacific region is driven by its expanding two-wheeler manufacturing and repairing sectors,
growing population and rising disposable income among individuals. It is also believed that on
the basis of lighting type, the halogen and LED segments will face the highest
growth rate for its relatively high demand due to bright lighting, long
durability and superior energy efficiency, low prices, efficiency and
convenience. Among these two, LED segment is expected to register the highest
growth rate.
Segment Covered:
This market
intelligence report on the global Two-wheeler Lighting Market encompasses market segments based on two-wheeler type, lighting
type, application, sales channel, end usage, distributional channel and country.
By Two-wheeler
Type the global Two-wheeler Lighting Market has been
divided into:
q Cruiser
Motorcycles
q Scooters
q Mopeds
q Standard
Bikes
q Sports
Bikes
q Touring
Bikes
q Multi-purpose
Bikes
q Electronic
Bikes (e-bikes)
q Others
By Lighting
Type the global Two-wheeler Lighting Market has been
divided into:
q Halogen
q LED
q Xenon
q Others
By Application
the global Two-wheeler Lighting Market has been
divided into:
q Headlights
q Flashers
q Indicators
q Rear
Lights
q Others
By Sales
Channel the global Two-wheeler Lighting Market has been
divided into:
q Original
Equipment Manufacturers
q Aftermarkets
q Others
By End
Usage the global Two-wheeler Lighting Market has been
divided into:
q Personal
q Commercial
By Distributional
Channel the global Two-wheeler Lighting Market has been
divided into:
q Offline
q Online
q Others
By country/region,
the global Two-wheeler Lighting Market has been
divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Ampas
Lighting
q Boogey
q Bruno/Zadi
Group
q Cobo
q Federal
Mogul
q FIEM
Industries
q Hella
q IJL
(Lucas TVS & Koito India)
q Koito
q Lazer
Lamps
q LumaxMinda
q Motolight
q Osram
GmbH
q Rinder
q Stanley
q Unitech
q Varroc
Lighting
q ZWK
Group
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Two-wheeler Lighting Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Motolight
The international
company Motolight is famous for manufacturing auxiliary lights for
two-wheelers. The company is known for their classy looking lights that suits
sports bikes and high bikes.
Hella
The German automotive parts supplier
company Hella is one of the top 50 automotive suppliers in the world and the
100 largest industrial companies in Germany with more than 40 employees and
more than 100 offices and supply locations in over 35 countries worldwide. The
company has been focusing on their R&D activities a lot to keep bringing
new types of parts and equipment. The most recent innovations of the company
include headlight that adapts to the prevailing driving and weather condition.
Hella has recently signed a deal of partnership with Air-Quality Data Company
BreezoMeter in 2017.
Cobo
The North American automotive parts manufacturing company consists of
many large international companies and specializes in the production of
different types of lightings for automotive vehicles such as two-wheelers.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Two-wheeler
Lighting Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Two-wheeler Lighting Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Two-wheeler Lighting caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Two-wheeler
Lighting Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Two-wheeler Lighting Market
v
Identification
of key factors driving investment opportunities in the Two-wheeler
Lighting Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants