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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.
Scope of the Report:
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 worldwide market for Heavy Commercial Vehicles Lighting is expected to grow at a CAGR of roughly 4.3% over the next five years, will reach 800 million US$ in 2024, from 620 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Heavy Commercial Vehicles Lighting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Koito
- Valeo
- Hella
- Magneti Marelli
- ZKW Group
- Lumax Industries
- Varroc
- TYC
- Xingyu
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Xenon Lights
- Halogen Lights
- LED
- Other
Market Segment by Applications, can be divided into
- Front Light
- Rear Combination Light
- Fog Lights
- Interior Lighting
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Heavy Commercial Vehicles Lighting product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Heavy Commercial Vehicles Lighting, with price, sales, revenue and global market share of Heavy Commercial Vehicles Lighting in 2017 and 2018.
Chapter 3, the Heavy Commercial Vehicles Lighting competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Heavy Commercial Vehicles Lighting breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Heavy Commercial Vehicles Lighting market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Heavy Commercial Vehicles Lighting sales channel, distributors, customers, research findings and conclusion, appendix and data source.