Los Angeles, CA -- (SBWire) -- 02/09/2019 --The lighting system of heavy commercial vehicles consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the visibility of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.
On the basis of technology, the Commercial Vehicles Lighting market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2017 and is expected to grow at a CAGR of over 4.2% from 2017 to 2023. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 10% of the overall share in 2017 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.
The global Heavy Commercial Vehicles Lighting market is valued at 620 million US$ in 2018 is expected to reach 890 million US$ by the end of 2025, growing at a CAGR of 4.5% during 2019-2025.
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This report focuses on Heavy Commercial Vehicles Lighting volume and value at global level, regional level and company level. From a global perspective, this report represents overall Heavy Commercial Vehicles Lighting market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Koito
Valeo
Hella
Magneti Marelli
ZKW Group
Lumax Industries
Varroc
TYC
Xingyu
Segment by Type
Xenon Lights
Halogen Lights
LED
Other
Segment by Application
Front Light
Rear Combination Light
Fog Lights
Interior Lighting
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global market
Chapter 2: Evaluating the leading manufacturers of the global market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
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Heavy Commercial Vehicles Lighting Market– Size, Share, Analysis, and Trends, 2019–2025
QY Research has published the new industry research report focuses on Global major leading players with information such as company profiles, product picture, future road map, opportunities and investment.