Published by Uma Rajagopal
Posted on February 4, 2022
Automotive light bars are cost-effective vehicle lights that are substantially fitted in commercial vehicles. Automotive light bars, as considered under the scope of the research, have been mainly categorized on the basis of vehicle type, technology, installation, sales channel, and region/country.
Future Market Insights’ study, titled, ‘Automotive Light Bars Market: Global Industry Analysis 2014–2021 and Opportunity Assessment 2022–2029’, analyses the global automotive light bars market, and offers an in-depth analysis of the concerned market for the upcoming ten years.
In 2014, the global automotive light bars market was pegged at US$ 664.3 Mn. It is expected to be valued at over US$ 800 Mn at the end of 2022. The automotive light bars market is expected to grow at a CAGR of more than 5% during the projected period of 2022-2029, and reach a value of nearly US$ 1,400 Mn by 2029 end.
Front Installation Applications Continue to Generate Substantial Demand for Automotive Light Bars
Light commercial vehicles (LCVs) are expected to account for over half of the global automotive light bars market, as commercial vehicles run more miles and late nights, thus, visibility and cost-efficiency are important factors. Also, the inclination of long distance commuters towards commercial vehicles is anticipated to strengthen the unit sales of automotive light bars during the forecast period.
Technology-wise, HID xenon and LED type automotive light bars will reportedly hold over 25% of the global automotive light bars market share. LED automotive light bars offer powerful illumination that is particularly optimum for off-road applications.
On the basis of installation, the automotive light bars market has been segmented into front, side, rear, and interior. Since automotive light bars are mostly used as headlamps or fog lights, front installation of automotive light bars is anticipated to retain prominence in the global automotive light bars market.
Request a report sample to gain comprehensive market insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7668
East Asian Markets Emerging Highly Lucrative for Key Players
According to the report, East Asia will account for over a fourth of the market share in the global automotive light bars market owing to the growing vehicle commercial fleet because of increasing export and import activities. In terms of market value share, Europe is expected to be next in the run in the automotive light bars market.
By country, China and India are expected to be the emerging countries in the automotive light bars market as a result of enhanced economic conditions, increasing passenger and driver safety regulations, and expanding vehicle fleet.
The automotive industry is highly competitive, owing to the presence of several established players, which makes the automotive light bars market fairly consolidated. Due to the presence of a number of local and regional automotive light bar manufacturers, the automotive industry is exceedingly competitive.
The global automotive light bars market is estimated to be considerably fragmented. Manufacturers of automotive light bars are likely to remain focused on R&D investments, particularly in emerging countries such as China and India.
Some of the key players active in the global automotive light bars market are HELLA GmbH & Co. KGaA, OSRAM Licht AG, FEDERAL SIGNAL CORPORATION, Truck-Lite Co., LLC, Grote Industries, Inc., Whelen Engineering Company Inc., ECCO SAFETY GROUP, PIAA Corporation, Putco Inc., KC HiLiTES Inc., Whacker Technologies, and Haztec International Ltd, among others.
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/7668
About the Automotive Division of FMI
The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Automotive light bars are cost-effective vehicle lights that are substantially fitted in commercial vehicles. Automotive light bars, as considered under the scope of the research, have been mainly categorized on the basis of vehicle type, technology, installation, sales channel, and region/country.
Future Market Insights’ study, titled, ‘Automotive Light Bars Market: Global Industry Analysis 2014–2021 and Opportunity Assessment 2022–2029’, analyses the global automotive light bars market, and offers an in-depth analysis of the concerned market for the upcoming ten years.
In 2014, the global automotive light bars market was pegged at US$ 664.3 Mn. It is expected to be valued at over US$ 800 Mn at the end of 2022. The automotive light bars market is expected to grow at a CAGR of more than 5% during the projected period of 2022-2029, and reach a value of nearly US$ 1,400 Mn by 2029 end.
Front Installation Applications Continue to Generate Substantial Demand for Automotive Light Bars
Light commercial vehicles (LCVs) are expected to account for over half of the global automotive light bars market, as commercial vehicles run more miles and late nights, thus, visibility and cost-efficiency are important factors. Also, the inclination of long distance commuters towards commercial vehicles is anticipated to strengthen the unit sales of automotive light bars during the forecast period.
Technology-wise, HID xenon and LED type automotive light bars will reportedly hold over 25% of the global automotive light bars market share. LED automotive light bars offer powerful illumination that is particularly optimum for off-road applications.
On the basis of installation, the automotive light bars market has been segmented into front, side, rear, and interior. Since automotive light bars are mostly used as headlamps or fog lights, front installation of automotive light bars is anticipated to retain prominence in the global automotive light bars market.
Request a report sample to gain comprehensive market insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7668
East Asian Markets Emerging Highly Lucrative for Key Players
According to the report, East Asia will account for over a fourth of the market share in the global automotive light bars market owing to the growing vehicle commercial fleet because of increasing export and import activities. In terms of market value share, Europe is expected to be next in the run in the automotive light bars market.
By country, China and India are expected to be the emerging countries in the automotive light bars market as a result of enhanced economic conditions, increasing passenger and driver safety regulations, and expanding vehicle fleet.
The automotive industry is highly competitive, owing to the presence of several established players, which makes the automotive light bars market fairly consolidated. Due to the presence of a number of local and regional automotive light bar manufacturers, the automotive industry is exceedingly competitive.
The global automotive light bars market is estimated to be considerably fragmented. Manufacturers of automotive light bars are likely to remain focused on R&D investments, particularly in emerging countries such as China and India.
Some of the key players active in the global automotive light bars market are HELLA GmbH & Co. KGaA, OSRAM Licht AG, FEDERAL SIGNAL CORPORATION, Truck-Lite Co., LLC, Grote Industries, Inc., Whelen Engineering Company Inc., ECCO SAFETY GROUP, PIAA Corporation, Putco Inc., KC HiLiTES Inc., Whacker Technologies, and Haztec International Ltd, among others.
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/7668
About the Automotive Division of FMI
The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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