Heavy Equipment Lamps Market To Offer Lucrative Growth Opportunities For Players During Forecast Period 2022 – 2031 : Fact.MR

Market Segments Covered in Heavy Equipment LED Lamps

• By Lamp Type :

  • Head Lamps
  • Rear Lamps
  • Signal Lamps
  • Flashing Lamps
  • Other Lamps

• By Lighting Type :

  • LEDs
  • Halogen Lamps
  • HID lamps
  • Other Lighting Types

• By End Use Industries :

  • Construction Equipment
  • Mining Equipment
  • Agriculture & Farm Machinery
  • Other Heavy Industrial Equipment

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Competitive Landscape

According to the report the prominent players considered in the report are Koito Manufacturing Co Ltd, Stanley Electric, OSRAM GmbH, General Electric Company, Catepillar, Inc., HELLA GmbH & Co. KGaA, J.W. Speaker Corporation, Neolite ZKW Lightings Pvt. Ltd, Grote Industries, Inc., Autolite (India) Limited, TYC Brother Industrial Co., Ltd., Lumberg Holding GmbH & Co. KG, Depo Auto Parts Industrial Co., Ltd., and Foshan Sunway Auto Electrical Co., Ltd.

The key players are involved in organic and inorganic growth strategy which set to attract large number of customer towards the market. The market players are continuously involved in merger, acquisition and partnership with the new entrance to adapt new ideas for enhancing their product range.

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5 Key Insights on Global Heavy Equipment LED Lamps Market

• Asia Pacific Excluding Japan (APEJ) is projected to remain the largest region in the global Heavy Equipment LED Lamps market during the forecast period. Rapid urbanization and development of various infrastructure projects including railroads, highways, etc., are some of the factors contributing to the growth of the market in APEJ. Increasing use of heavy equipment in industrial and residential construction in China and India are also leading towards the growth of the market in the region.
• North America is also projected to witness growth in the Heavy Equipment LED Lamps market. Increasing construction of airports, bridges, roads in the U.S. is resulting in the market growth.
• Signal lamps are expected to witness steady growth during the forecast period. By the end of 2026, signal lamps are projected to bring in more than US$ 2,900 million revenue.
• HID lamps are expected to account for maximum revenue share. HID lamps are projected to surpass US$ 3,400 million revenue towards the end of 2026.
• The construction industry is expected to be one of the largest end use industries. By the end of 2026, the construction industry is projected to surpass US$ 3,500 million revenue.

The report also offers a detailed profile on some of the prominent companies in the global market for Heavy Equipment LED Lamps, Companies that will play a major role in the market through 2026 are Catepillar, Inc., General Electric Company, OSRAM GmbH, Stanley Electric, Koito Manufacturing Co Ltd.