Auxiliary Two Wheeler Lighting Remains Another Revenue Generation Channel in Two Wheeler Lighting Market
June 20, 2019 by Steve Blade
Two-wheeler Lighting Market Report, Two-wheeler Lighting Market Demand, Two-wheeler Lighting Market Overview, Two-wheeler Lighting Market Scope, Two-wheeler Lighting Market Share, Two-wheeler Lighting Market
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. During 2017-2022, the global revenue of two wheeler lighting market is slated to grow a sluggish pace, exhibiting the CAGR of less than 3%.
A majority of modern two wheeler models equipped with the AHO (automatic headlight on) feature underlines the growing significance of vehicle safety worldwide. Besides the increasing necessity to embrace the safety quotient, two wheeler lighting manufacturers are considering improved aesthetics and lower energy consumption of paramount importance. This parallel requirement has been compelling OEMs as well as two wheeler lighting system providers to incur the shift to high performance LED in the global 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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Table of Content
1. Global Two Wheeler Lighting Market - Executive Summary
2. Global Two Wheeler Lighting Market Overview
3. Global Two Wheeler Lighting Market Analysis and Forecast By Product Type
To be Continue.....................
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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.
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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