Market Overview:
The global agricultural vehicle lights market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for agricultural vehicles across the globe, coupled with the rising awareness about safety and security while driving these vehicles. In terms of type, work lamps are expected to hold a dominant position in the global agricultural vehicle lights market during the forecast period, owing to their growing demand in applications such as tractors and combine harvesters. Regionally, North America is projected to lead the global agricultural vehicle lights market during 2018-2030 due its well-established agriculture sector and high adoption rate of technologically advanced products.
Product Definition:
Agricultural Vehicle Lights are lights that are used on agricultural vehicles. They may be used to improve the visibility of the vehicle, or to indicate the presence of a hazard.
Work Lamps:
Work lamps are used for various agricultural purposes such as to lighten the path of vehicles, illuminate fields at night, and so on. The growth factor in the market is driven by increasing demand from emerging economies such as China and India. These countries have been experiencing rapid economic growth over the past few years which has led to an increase in disposable income among people resulting into purchasing work lamps for their agricultural vehicles.
Front Lamps:
The front lamps are the lights that are mounted on the front of an agricultural vehicle. The design and type of these lamps vary according to the requirements of farmers. However, most vehicles have a combination of high-pressure sodium (HPS) lamp and halogen light set up at an angle to provide enough illumination for driving at night as well as sufficient light during daytime.
Application Insights:
Based on the application, the market has been segmented into combine harvesters, tractors and farm trucks. The tractor segment held a major share in 2017. It is also expected to witness significant growth over the forecast period owing to its wide scope of application across various farms and agricultural activities. Tractors are widely used for field operations such as plowing, seeding, harvesting etc., which require heavy-duty equipment with high maneuverability in tight spaces. Furthermore, increasing demand for technologically advanced tractors with enhanced productivity is likely to drive this vehicle type over the forecast period.
The work lamps segment is anticipated to exhibit considerable growth during the study period owing to its wide range of applications across various industries including construction and agriculture among others where workers need illumination at night time or when there is poor visibility due largelyto fog or rain etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for agricultural vehicles, owing to rising population and growing income levels among farmers. Moreover, government initiatives promoting rural development are likely to have a positive impact on the regional market growth.
Europe accounted for more than 20% of total revenue share in 2017 owing to high demand from countries such as Spain, France and Germany that are majorly driven by food production activities coupled with strong regulatory support aimed at improving farm safety standards is anticipated to drive overall European agricultural vehicle lights industry growth over the next eight years.
Growth Factors:
- Increasing demand for agricultural vehicles for efficient farming operations
- Growing awareness about the benefits of using agricultural lights for improved crop yield and quality
- Technological advancements in LED lighting systems that offer better illumination and longer life span
- Government initiatives to promote use of modern agricultural technologies, including lights, to farmers
- Rising demand from emerging markets with large potential for agriculture growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Agricultural Vehicle Lights Market Research Report
By Type
Work Lamps, Front Lamps, Rear Lamps
By Application
Tractor, Combine Harvester
By Companies
HELLA, Aspöck, Grote Industries, Quanning Vehicle Parts, WESEM, Nordic Lights Ltd, J.W. Speaker, TYRI, TruckLED, OWei Lighting Electrical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Agricultural Vehicle Lights Market Report Segments:
The global Agricultural Vehicle Lights market is segmented on the basis of:
Types
Work Lamps, Front Lamps, Rear Lamps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tractor, Combine Harvester
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HELLA
- Aspöck
- Grote Industries
- Quanning Vehicle Parts
- WESEM
- Nordic Lights Ltd
- J.W. Speaker
- TYRI
- TruckLED
- OWei Lighting Electrical
Highlights of The Agricultural Vehicle Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Work Lamps
- Front Lamps
- Rear Lamps
- By Application:
- Tractor
- Combine Harvester
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agricultural Vehicle Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agricultural vehicle lights are used to help farmers and other agricultural workers see while working in the field.
Some of the key players operating in the agricultural vehicle lights market are HELLA, Asp¶ck, Grote Industries, Quanning Vehicle Parts, WESEM, Nordic Lights Ltd, J.W. Speaker, TYRI, TruckLED, OWei Lighting Electrical.
The agricultural vehicle lights market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agricultural Vehicle Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agricultural Vehicle Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agricultural Vehicle Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agricultural Vehicle Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agricultural Vehicle Lights Market Size & Forecast, 2020-2028
4.5.1 Agricultural Vehicle Lights Market Size and Y-o-Y Growth
4.5.2 Agricultural Vehicle Lights Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Work Lamps
5.2.2 Front Lamps
5.2.3 Rear Lamps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Tractor
6.2.2 Combine Harvester
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agricultural Vehicle Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agricultural Vehicle Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Work Lamps
9.6.2 Front Lamps
9.6.3 Rear Lamps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Tractor
9.10.2 Combine Harvester
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Work Lamps
10.6.2 Front Lamps
10.6.3 Rear Lamps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Tractor
10.10.2 Combine Harvester
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Work Lamps
11.6.2 Front Lamps
11.6.3 Rear Lamps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Tractor
11.10.2 Combine Harvester
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Work Lamps
12.6.2 Front Lamps
12.6.3 Rear Lamps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Tractor
12.10.2 Combine Harvester
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Work Lamps
13.6.2 Front Lamps
13.6.3 Rear Lamps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Tractor
13.10.2 Combine Harvester
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agricultural Vehicle Lights Market: Competitive Dashboard
14.2 Global Agricultural Vehicle Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HELLA
14.3.2 Aspöck
14.3.3 Grote Industries
14.3.4 Quanning Vehicle Parts
14.3.5 WESEM
14.3.6 Nordic Lights Ltd
14.3.7 J.W. Speaker
14.3.8 TYRI
14.3.9 TruckLED
14.3.10 OWei Lighting Electrical
