According to a latest study presented by Fact.MR, the global two wheeler lighting market will possibly cross the valuation of US$ 400 Mn in terms of revenue, by 2022 end.
Rockville, MD -- (SBWIRE) -- 06/17/2019 -- 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.
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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Further, owing to economic viability and growing pool of two-wheeler owners, more emphatically across populous economies, two-wheeler lighting market is anticipated to demonstrate astral growth. Besides rising population, dismal road transport infrastructure in several countries accounts for greater ownership of two-wheelers, which is also supplemented by rising disposable income. Burgeoning women riders round the globe is a dominant trend which is expected to linger in the coming decades, thereby amply supplementing impressive growth outlook for two-wheeler lighting market.
To craft significant lead, business tycoons are inclined towards massive R&D ventures to spearhead novel functional and aesthetic properties. Improved features in fog lights is likely to augment growth in auxiliary two-wheeler lighting, a prerequisite for adventure bikes. In a recent development, eminent player Rohm Semiconductor is likely to unroll its new integrated lamp control mechanism compatible with LED lighting systems that promises superlative safety and high aesthetic grandeur.
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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.
Two-wheeler Lighting Market: Competition Landscape
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.
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