Business Industry Technology

Global Heavy Commercial Vehicles Lighting Market By Manufacturers, Regions, Type And Application, Forecast To 2023

Press Release

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.

 

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Scope of the Report:

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.

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 2023, from 620 million US$ in 2017, according to a new GIR (Global Info Research) study.

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)

 

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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

There are 15 Chapters to deeply display the global Heavy Commercial Vehicles Lighting market.

Chapter 1, to describe Heavy Commercial Vehicles Lighting Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Heavy Commercial Vehicles Lighting, with sales, revenue, and price of Heavy Commercial Vehicles Lighting, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Heavy Commercial Vehicles Lighting, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, Heavy Commercial Vehicles Lighting market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe Heavy Commercial Vehicles Lighting sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source