Market Overview:
The global motor vehicle signal light 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 motor vehicles, rising awareness about road safety, and the growing construction industry. Based on type, the global motor vehicle signal light market can be segmented into horizontal and vertical signals. The horizontal signals are further classified into stop lamps, turn signals, hazard warning flashers, and reverse lamps. The vertical signals are further classified into direction indicators (left/right) and brake lights/tail lights. Based on application, the global motor vehicle signal light market can be segmented into roadways (highways & expressways), railways (light rail & heavy rail), building construction sites (residential & commercial), and others (marine vessels & aircrafts). Regionally, North America dominates the global motor vehicle signal light market followed by Europe and Asia Pacific.
Product Definition:
A motor vehicle signal light is a flashing or steady light on the front or rear of a motor vehicle that signals the intention of the driver to other drivers.
Horizontal:
Horizontal is a signal light that indicates the traffic coming from the opposite direction. It is generally placed at the side of road, and it's vertical position indicates traffic from the crossroad or roundabout. The growth factor in this market largely depends on investments made by government for its installation across different cities/ countries. For instance; In India, H-shaped horizontal signals are very common and they indicate left turn to enter main road or street from side roads.
Vertical:
Vertical is the distance between the horizon and the surface of a reference point. In other words, it is a measurement from top to bottom or bottom to top. It can be defined as either length or height, but most often used in terms of length. Verticals are usually measured at right angles to each other and labeled “Y”, “Z”, etc., depending on which end is closer to us (the viewer).
Application Insights:
The road application segment led the global motor vehicle signal light market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for vehicles across various regions, including Asia Pacific and Middle East & Africa, on account of growing population and rising disposable income levels. Furthermore, stringent government regulations regarding traffic management coupled with an increase in investments by local governments in transportation infrastructure development are expected to drive the growth over the coming years.
Building construction was one of the prominent applications that accounted for a significant share within regional markets as well as worldwide due to an increase in residential construction activities across various countries such as India, China and Australia among others which has resulted in increased usage of warning lights near highways or roads leading pedestrians safety concerns along with providing information about traffic conditions at different distances thereby contributing towards overall market growth globally.
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 road infrastructure development projects on account of rising urbanization, which, in turn, is likely to drive the demand for motor vehicle signal lights. Moreover, growing automotive production and sales are also anticipated to fuel regional product demand over the next eight years.
The Asia Pacific regional market was followed by Europe with a share of more than 20%. The growth can be attributed primarily to developed economies such as Germany and U.K., where automotive industry plays an important role in national economy.
North America accounted for a significant share owing high consumer awareness about road safety coupled with strict laws laid down by government organizations pertaining traffic rules.
Growth Factors:
- Increasing demand for motor vehicles
- Growing awareness about the benefits of signal lights
- Technological advancements in signal light systems
- Rising demand for luxury and customized cars
- Government initiatives to promote the use of signal lights
Scope Of The Report
Report Attributes
Report Details
Report Title
Motor Vehicle Signal Light Market Research Report
By Type
Horizontal, Vertical
By Application
Road, Railway, Building Construction, Others
By Companies
Federal Signal, Econolite, Swarco, Aldridge Traffic Systems, Arcus Light, D.G. Controls, E2S Warning Signals, Envoy Lighting, Horizon Signal Technologies, North America Traffic, Peek Traffic Corporation, Pfannenberg, Trastar, Werma, Ver-Mac
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Motor Vehicle Signal Light Market Report Segments:
The global Motor Vehicle Signal Light market is segmented on the basis of:
Types
Horizontal, Vertical
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
Road, Railway, Building Construction, Others
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:
- Federal Signal
- Econolite
- Swarco
- Aldridge Traffic Systems
- Arcus Light
- D.G. Controls
- E2S Warning Signals
- Envoy Lighting
- Horizon Signal Technologies
- North America Traffic
- Peek Traffic Corporation
- Pfannenberg
- Trastar
- Werma
- Ver-Mac
Highlights of The Motor Vehicle Signal Light 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:
- Horizontal
- Vertical
- By Application:
- Road
- Railway
- Building Construction
- Others
- 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 Motor Vehicle Signal Light 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
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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?
A motor vehicle signal light is a warning device on a vehicle that indicates the intention to change lanes, turn, or stop.
Some of the major companies in the motor vehicle signal light market are Federal Signal, Econolite, Swarco, Aldridge Traffic Systems, Arcus Light, D.G. Controls, E2S Warning Signals, Envoy Lighting, Horizon Signal Technologies, North America Traffic, Peek Traffic Corporation, Pfannenberg, Trastar, Werma, Ver-Mac.
The motor vehicle signal light 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 Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motor Vehicle Signal Light 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 Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size & Forecast, 2018-2028
4.5.1 Motor Vehicle Signal Light Market Size and Y-o-Y Growth
4.5.2 Motor Vehicle Signal Light Market Absolute $ Opportunity
Chapter 5 Global Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size Forecast by Type
5.2.1 Horizontal
5.2.2 Vertical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size Forecast by Applications
6.2.1 Road
6.2.2 Railway
6.2.3 Building Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motor Vehicle Signal Light 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 Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Analysis and Forecast
9.1 Introduction
9.2 North America Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size Forecast by Type
9.6.1 Horizontal
9.6.2 Vertical
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 Motor Vehicle Signal Light Market Size Forecast by Applications
9.10.1 Road
9.10.2 Railway
9.10.3 Building Construction
9.10.4 Others
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 Motor Vehicle Signal Light Analysis and Forecast
10.1 Introduction
10.2 Europe Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size Forecast by Type
10.6.1 Horizontal
10.6.2 Vertical
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 Motor Vehicle Signal Light Market Size Forecast by Applications
10.10.1 Road
10.10.2 Railway
10.10.3 Building Construction
10.10.4 Others
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 Motor Vehicle Signal Light Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size Forecast by Type
11.6.1 Horizontal
11.6.2 Vertical
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 Motor Vehicle Signal Light Market Size Forecast by Applications
11.10.1 Road
11.10.2 Railway
11.10.3 Building Construction
11.10.4 Others
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 Motor Vehicle Signal Light Analysis and Forecast
12.1 Introduction
12.2 Latin America Motor Vehicle Signal Light 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 Motor Vehicle Signal Light Market Size Forecast by Type
12.6.1 Horizontal
12.6.2 Vertical
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 Motor Vehicle Signal Light Market Size Forecast by Applications
12.10.1 Road
12.10.2 Railway
12.10.3 Building Construction
12.10.4 Others
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) Motor Vehicle Signal Light Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motor Vehicle Signal Light 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) Motor Vehicle Signal Light Market Size Forecast by Type
13.6.1 Horizontal
13.6.2 Vertical
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) Motor Vehicle Signal Light Market Size Forecast by Applications
13.10.1 Road
13.10.2 Railway
13.10.3 Building Construction
13.10.4 Others
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 Motor Vehicle Signal Light Market: Competitive Dashboard
14.2 Global Motor Vehicle Signal Light Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Federal Signal
14.3.2 Econolite
14.3.3 Swarco
14.3.4 Aldridge Traffic Systems
14.3.5 Arcus Light
14.3.6 D.G. Controls
14.3.7 E2S Warning Signals
14.3.8 Envoy Lighting
14.3.9 Horizon Signal Technologies
14.3.10 North America Traffic
14.3.11 Peek Traffic Corporation
14.3.12 Pfannenberg
14.3.13 Trastar
14.3.14 Werma
14.3.15 Ver-Mac
