Auxiliary Two Wheeler Lighting Generate Major Revenue in Two Wheeler Lighting Market

Posted on 2019-02-18 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Feb-18 — /EPR Network/ — 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 two wheeler lighting market.

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While the recent past has been observing growing adoption of LED especially in rear lamps, headlamps still record major reliance on halogen and projector two wheeler lighting. Although LED is visibly gaining grounds in the global two wheeler lighting market, halogen will continue to represent the most preferred two wheeler lighting source over the years ahead.

Based on the voltage, 12V segment in the two wheeler lighting market registered over three-fifth share of the global market value in 2017. While 14V segment in the two wheeler lighting market is poised to see steady growth over the course of assessment period, 12V is likely to approach the valuation equating US$ 1.5 Bn towards the end of 2022. Leading players in two wheeler lighting market are expected to direct their investments in the 14V segment to improve penetration in APEJ over the next few years.

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.

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Competition Tracking: Global Two Wheeler Lighting Market

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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