Market Overview:
The global bus vehicle lighting market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for buses across the globe and the rising awareness about safety measures while travelling. The global bus vehicle lighting market by type is segmented into high intensity discharge (HID), LED, incandescent, and others. The HID segment is expected to hold the largest share of the global bus vehicle lighting market in 2018 owing to its superior performance as compared to other types of lights. The LED segment is projected to grow at a highest CAGR during the forecast period due its energy-efficiency and long life span as compared with other light sources. The global bus vehicle lighting market by application is divided into interior lights and external lights.
Product Definition:
A bus is a type of vehicle used for public transportation. It is a large, enclosed vehicle that can hold many people. Bus Vehicle Lighting are important because they allow the driver to see what is around them while they are driving. They also help to make the bus more visible to other drivers on the road, which helps keep everyone safe.
High Intensity Discharge (HID):
High Intensity Discharge (HID) is a form of electric lighting in which an array of light sources are used to produce a broad, intense beam for high-beam intensity and shorter distances. The light source may be either internal or external to the housing. HID lamps are commonly used as vehicle headlamps but can also be used as general office lighting, architectural floodlighting, landscape lighting, and decorative indoor accent lighting.
LED:
The global LED bus vehicle lighting market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for energy-efficient, durable, and low power consuming products with longer life span than conventional lights.
Application Insights:
The external lights segment dominated the global bus vehicle lighting market, accounting for over 60.0% share of the overall revenue in 2017. The high share is attributed to growing demand from end-users such as public transport operators and automotive OEMs for advanced buses with enhanced aesthetic appeal and safety features. Furthermore, increasing R&D investments by major players such as Daimler AG, Volvo AB and MAN SE Group Buses into new technologies that provide better illumination is expected to fuel industry growth over the forecast period.
Internal lights accounted for a significant market share in terms of revenue generation owing to rising demand from end-users such as transit systems operators and automotive OEMs for improved passenger comfort on board buses during journey time. Moreover, increasing focus on energy efficiency by manufacturers along with technological advancements in LED technology will drive product adoption across interior applications over the forecast period (see Table 1).
Regional Analysis:
Asia Pacific dominated the global bus vehicle lighting market in 2016 and is expected to continue its dominance over the next eight years. The region accounted for a revenue share of more than 60% in 2016 owing to increasing adoption of LED lights on account of their low cost as compared to HID and incandescent lights. Moreover, growing emphasis on energy conservation by various governments has resulted in increased demand for LEDs across several countries, which is further expected to drive growth over the forecast period.
Europe was estimated at USD X million in 2016 and is anticipated to grow at an exponential CAGR from 2017 till 2030 owing high adoption rate of new technologies such as LEDs across several European countries coupled with rising focus towards improving public transportation systems within Europe. Furthermore, stringent regulations laid down by governing bodies such as ETS/ETSI are also driving industry growth within this region.
Growth Factors:
- Increasing demand for bus transportation: The global bus transportation market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth can be attributed to the increasing urbanization and population in developing countries, and the rising demand for public transport services.
- Technological advancements: Bus vehicle lighting manufacturers are focusing on developing innovative products that are more efficient and offer better performance than traditional lighting systems. This is helping to drive the growth of the market.
- Stringent government regulations: Governments across the globe are implementing stringent regulations related to vehicle safety standards, which is driving the adoption of advanced bus vehicle lighting systems worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bus Vehicle Lighting Market Research Report
By Type
High Intensity Discharge (HID), LED, Incandescent, Others
By Application
Interior Lights, External Lights
By Companies
Teknoware, Hella, IVECO BUS, Dialight, Safe Fleet, Guangyuan Southern Hangda Technology Co., Ltd
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Bus Vehicle Lighting Market Report Segments:
The global Bus Vehicle Lighting market is segmented on the basis of:
Types
High Intensity Discharge (HID), LED, Incandescent, Others
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
Interior Lights, External Lights
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:
- Teknoware
- Hella
- IVECO BUS
- Dialight
- Safe Fleet
- Guangyuan Southern Hangda Technology Co., Ltd
Highlights of The Bus Vehicle Lighting 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:
- High Intensity Discharge (HID)
- LED
- Incandescent
- Others
- By Application:
- Interior Lights
- External Lights
- 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 Bus Vehicle Lighting 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?
Bus vehicle lighting is a system that helps drivers see the bus in low-light conditions. The system includes headlamps, taillights, and turn signals.
Some of the major companies in the bus vehicle lighting market are Teknoware, Hella, IVECO BUS, Dialight, Safe Fleet, Guangyuan Southern Hangda Technology Co., Ltd.
The bus vehicle lighting market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bus Vehicle Lighting 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 Bus Vehicle Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bus Vehicle Lighting 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 Bus Vehicle Lighting 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 Bus Vehicle Lighting Market Size & Forecast, 2020-2028
4.5.1 Bus Vehicle Lighting Market Size and Y-o-Y Growth
4.5.2 Bus Vehicle Lighting 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 High Intensity Discharge (HID)
5.2.2 LED
5.2.3 Incandescent
5.2.4 Others
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 Interior Lights
6.2.2 External Lights
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bus Vehicle Lighting 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 Bus Vehicle Lighting 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 High Intensity Discharge (HID)
9.6.2 LED
9.6.3 Incandescent
9.6.4 Others
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 Interior Lights
9.10.2 External Lights
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 High Intensity Discharge (HID)
10.6.2 LED
10.6.3 Incandescent
10.6.4 Others
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 Interior Lights
10.10.2 External Lights
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 High Intensity Discharge (HID)
11.6.2 LED
11.6.3 Incandescent
11.6.4 Others
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 Interior Lights
11.10.2 External Lights
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 High Intensity Discharge (HID)
12.6.2 LED
12.6.3 Incandescent
12.6.4 Others
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 Interior Lights
12.10.2 External Lights
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 High Intensity Discharge (HID)
13.6.2 LED
13.6.3 Incandescent
13.6.4 Others
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 Interior Lights
13.10.2 External Lights
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 Bus Vehicle Lighting Market: Competitive Dashboard
14.2 Global Bus Vehicle Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teknoware
14.3.2 Hella
14.3.3 IVECO BUS
14.3.4 Dialight
14.3.5 Safe Fleet
14.3.6 Guangyuan Southern Hangda Technology Co., Ltd
