Off-Highway Vehicle Lighting Market (By Product: LED, Halogen, HID, Incandescent; By Applications: Headlight, Tail Lamp, Work Light, Others; By End-user: Construction & Mining, Agriculture/Farming/Forestry; By Vehicle Type: Excavators, Loaders, Cranes, Tractors, Dump Trucks, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global off-highway vehicle lighting market size is expected to around USD 42.1 billion by 2026, this market is foreseen to develop with 5.3% CAGR during the forecast time period.

Market Dynamics

This development can be attributed to the need for construction and mining equipment around the world. Additionally, expanding reception of LED lighting inferable from its capacity to convey upgraded execution will drive the market. Government controls in regards to vehicle lights and workspace safety are additionally expected to support market development.

Government regulations for enhanced visibility and expanding penetration of energy-efficient light sources have reinforced the market development. Expanding appropriation of LED lights and developing accentuation on technological innovations are assessed drive the market further. Vehicle makers are progressively adoption energy-efficient and further developed lighting innovations, for example, LASER and Light-Emitting Diode (LED).

Market Insights

In view of application, the market is sectioned into headlight, work light, tail light, and others. Headlight is relied upon to be the biggest application portion because of the presentation of cutting edge innovations, for example, versatile front lighting, night vision, and laser lights. Work lights portion is additionally anticipated to observe a significant development in future. These lights are an essential piece of the hardware, as they enhance the perceivability and enlarge security at work environment. The demand for LED-based work lights has developed essentially as of late attributable to the better splendor and nature of light.

Based on end use, the globaloff-highway vehicle lighting market is divided into development and mining and horticulture/cultivating/ranger service. Development and mining rose as the biggest end-use fragment in 2017. After a defeat in offers of development gear from 2012 to 2016, the deals have recuperated altogether in 2017 and are anticipated to double by 2025. This, thusly, is relied upon to enlarge the demand for development and mining vehicle lighting.

Market Segmentation

Market By Product

  • LED
  • Halogen
  • HID
  • Incandescent

Market By Applications

  • Headlight
  • Tail Lamp
  • Work Light
  • Others

Market By End-user

  • Construction & Mining
  • Agriculture/Farming/Forestry

Market By Vehicle Type

  • Excavators
  • Loaders
  • Cranes
  • Tractors
  • Dump Trucks
  • Others

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

Asia Pacific is expected to be the leading regional market over the coming years attributable to the quickly developing automotive sector. Besides, regulations by nearby governments with respect to the utilization of vitality effective lighting sources are additionally prone to open up new development open doors for the companies. For example, in 2017 the Indian government has commanded the utilization of Daytime Running Lamps (DRLs) and Automatic Headlamp On (AHO) for bikes, which thusly will quicken the Asia Pacific on-highway vehicle lighting market development.

Likewise, in U.S., the Corporate Average Fuel Economy (CAFÉ) principles are engendering the appropriation of vitality productive cars by planning regulations for the decrease of petroleum derivative utilization. These controls have supported the appropriation of new elective fuel in off-interstate vehicles. This, thusly, makes a profoundly helpful condition for the Off-highway vehicle lighting market.

Market Participants

Few of the main player present in the global Off-highway vehicle lighting market are HELLA GmbH & Co. KGaA; Grote Industries; Truck-Lite Co., LLC; ECCO Safety Group Co., Inc.; APS Lighting and Safety Products; WESEM; and Oracle Lighting.


Related Reports

Automotive Airbag Market (By Position: Frontal, Side Curtain, Side, Knee; By Fabric: Non-coated, Coated; By Vehicle: Commercial Vehicles, Passenger Vehicles; By Distribution Channel: OEM, Aftermarket) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global automotive airbag market size is expected to reach around US$ 86 billion by 2026 and market is growing at a CAGR around 5.8 % throughout the forecast period 2019-2026. One car safety device is Airbag. The car airbag includes a flexible fabric coil or cushion de

Automotive Drive Recorder Market (By Type: Single Channel Dashcam, Multi-Channel Dashcam; By Application: Passenger Cars, Commercial Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Introduction According to Acumen Research and Consulting, the global automotive drive recorder market is expected to reach the market value of around $7.2 billion by 2025 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecasting period 2018 – 2025. Automotive drive recorder, also known a

Automotive Seat Belts Market (By Type: 3 Point Seatbelt, 2 Point Seatbelt; By Vehicle: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicles; By Component: Webbing Strap, Buckles, Tongues, Retractors, Pillar Loops; By Distribution Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global automotive seat belts market is expected to grow at noteworthy CAGR around 6.2 % throughout the forecast period and reach around US$ 10.1 billion by 2026. Seat loops are essential vehicle components. In times of accidents, seat belts are called life saviors. Such belts protect

Usage-based Insurance Market (By Policy Type: MHYD, PAYD, PHYD; By Device Type: OBD Dongle, Black Box, Smartphone, Others; By Vehicle Type: Commercial, Passenger) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global usage-based insurance market is expected to grow at noteworthy CAGR around 29 % throughout the forecast period and reach around US$ 190 billion by 2026. Usage-based insurance (UBI) is an insurance type that determines vehicle premium by following the vehicle's conduct. An insur

Occupant Classification System Market (By Technology: Bladder, Strain Gauge, Pressure Sensitive Tape System; By Vehicle Type: Luxury, Mid Range, Economic; By Component:Sensor, EU) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

According to Acumen Research and Consulting, the global Occupant Classification System market is expected to grow at noteworthy CAGR around 6.5 % throughout the forecast period and reach around US$ 3.2 billion by 2026. The report provides analysis of global Occupant Classification System market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Cart Summary