Market Overview:
The global truck lighting 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 commercial vehicles, rising awareness about safety and security, and technological advancements in truck lighting products. The global truck lighting market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into headlights, tail lights, fog lights, off-road lights signal lights lingt bar). Headlights are further sub-segmented into high beam headlights low beam headlights ). Tail Lights are further sub-segmented into brake light turn signal light ). Fog Lights are further sub-segmented into driving lamp fog lamp ). Off-Road Lights are further sub-segmented into work light spot light ) Signal Lights are furthur subdividedinto hazard warning flasher lane departure warning system (LDWS) system .Lingt Bar is furthur subdividedinto single row double row).On the basis of application ,the market is dividedinto illumination decoration other).Illuminationis furthur dividedintocar headlight bus headlight tractor headlight railway crossing signals emergency vehicle signals traffic signals others) Decorationis furthur dividedintopersonal vehicle decoration commercial vehicle decoration architectural decoration others), while Otherincludes agricultural equipment marine equipment mining equipment military vehicles special purpose vehicles etc.).
Product Definition:
Truck lighting is the use of lights on a truck to improve the visibility of the truck while it is being driven. This can include headlights, taillights, brake lights, and other warning lights. Truck lighting is important because it helps to make the truck visible to other drivers while it is being driven, which can help to prevent accidents.
Headlights:
Headlights is the most important part of truck lighting. It helps in illuminating the road and makes it safe for other vehicles to overtake. The growth factor in this market is high demand from end-user industries such as construction, mining, oil & gas and logistics which are expanding their operations across countries with dim roads and poor street lighting conditions.
Tail Lights:
Tail lights are the rear end of a vehicle that emits red and blue light in sequence or in parallel. It is used to alert other road users about the presence of the vehicle. The tail lights are an essential part of truck lighting as they enable drivers to see behind their trucks during night time driving conditions, thereby increasing safety for both vehicles and pedestrians.
Application Insights:
The illumination application segment dominated the global truck lighting market in 2017. The segment is expected to witness a CAGR of XX% over the forecast period owing to an increase in road infrastructure, particularly across developing countries such as India and China. Furthermore, governments from developed countries are encouraging industrialization and investments by providing subsidies for trucks with advanced technologies that improve visibility at night time. These factors are anticipated to boost demand for headlamps over the coming years.
Decoration accounted for a significant share of revenue on account of various events being held such as Halloween Horror Nights at Universal Studios Hollywood Resort & Theme Park or Universal Orlando Resort which decorates trucks with scary masks or devils horns during nights, attracting large crowds especially kids who scream with fright hearing loud noises while visiting these places which may contribute towards higher sales of decorative lights during Halloweens Eve or other similar occasions worldwide leading to increased revenue share by this application type in near future.
Regional Analysis:
The North American region dominated the global truck lighting market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for trucks with advanced features, such as LED lights, in countries such as the U.S. and Canada. Moreover, rising adoption of electric vehicles is also expected to drive growth over the next eight years owing to lower operational costs associated with these vehicles compared to their counterparts fueled by diesel fuel or gasoline fuels.
Asia Pacific regional market captured a significant share of global revenue in 2017 owing bothto high demand from developing economies such as China and India coupled with growing industrialization across these regions particularly in China.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck market is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for truck lighting products, as they are essential for safe driving.
- Technological advancements: The truck lighting market is witnessing rapid technological advancements, with new products being launched regularly. This is helping manufacturers to offer better and more efficient products, which are in high demand from customers.
- Rising awareness about safety: There has been a rise in awareness about the importance of vehicle safety among consumers in recent years, especially when it comes to trucks and other commercial vehicles. This is leading them to invest in better truck lighting solutions that can improve safety on the roadways.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Lighting Market Research Report
By Type
Headlights, Tail Lights, Fog Lights, Off-Road Lights, Signal Lights, Lingt Bar
By Application
Iillumination, Decoration, Other
By Companies
MicTuning, Philips, Truck-Lite, OSRAM GmbH, LEDGlow, Apex Lighting, Putco LED, OPT7, Grote Industries, MicTuning
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Truck Lighting Market Report Segments:
The global Truck Lighting market is segmented on the basis of:
Types
Headlights, Tail Lights, Fog Lights, Off-Road Lights, Signal Lights, Lingt Bar
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
Iillumination, Decoration, Other
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:
- MicTuning
- Philips
- Truck-Lite
- OSRAM GmbH
- LEDGlow
- Apex Lighting
- Putco LED
- OPT7
- Grote Industries
- MicTuning
Highlights of The Truck 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:
- Headlights
- Tail Lights
- Fog Lights
- Off-Road Lights
- Signal Lights
- Lingt Bar
- By Application:
- Iillumination
- Decoration
- Other
- 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 Truck 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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?
Truck lighting is a system used on trucks to improve visibility at night. Truck lights are typically mounted on the front and rear of the truck, and can include both high-intensity discharge (HID) headlights and running lights.
Some of the major players in the truck lighting market are MicTuning, Philips, Truck-Lite, OSRAM GmbH, LEDGlow, Apex Lighting, Putco LED, OPT7, Grote Industries, MicTuning.
The truck lighting 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 Truck 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 Truck Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck 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 Truck 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 Truck Lighting Market Size & Forecast, 2018-2028
4.5.1 Truck Lighting Market Size and Y-o-Y Growth
4.5.2 Truck Lighting Market Absolute $ Opportunity
Chapter 5 Global Truck Lighting 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 Truck Lighting Market Size Forecast by Type
5.2.1 Headlights
5.2.2 Tail Lights
5.2.3 Fog Lights
5.2.4 Off-Road Lights
5.2.5 Signal Lights
5.2.6 Lingt Bar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Lighting 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 Truck Lighting Market Size Forecast by Applications
6.2.1 Iillumination
6.2.2 Decoration
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck 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 Truck 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 Truck Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Truck Lighting 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 Truck Lighting Market Size Forecast by Type
9.6.1 Headlights
9.6.2 Tail Lights
9.6.3 Fog Lights
9.6.4 Off-Road Lights
9.6.5 Signal Lights
9.6.6 Lingt Bar
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 Truck Lighting Market Size Forecast by Applications
9.10.1 Iillumination
9.10.2 Decoration
9.10.3 Other
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 Truck Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Lighting 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 Truck Lighting Market Size Forecast by Type
10.6.1 Headlights
10.6.2 Tail Lights
10.6.3 Fog Lights
10.6.4 Off-Road Lights
10.6.5 Signal Lights
10.6.6 Lingt Bar
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 Truck Lighting Market Size Forecast by Applications
10.10.1 Iillumination
10.10.2 Decoration
10.10.3 Other
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 Truck Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Lighting 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 Truck Lighting Market Size Forecast by Type
11.6.1 Headlights
11.6.2 Tail Lights
11.6.3 Fog Lights
11.6.4 Off-Road Lights
11.6.5 Signal Lights
11.6.6 Lingt Bar
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 Truck Lighting Market Size Forecast by Applications
11.10.1 Iillumination
11.10.2 Decoration
11.10.3 Other
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 Truck Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Lighting 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 Truck Lighting Market Size Forecast by Type
12.6.1 Headlights
12.6.2 Tail Lights
12.6.3 Fog Lights
12.6.4 Off-Road Lights
12.6.5 Signal Lights
12.6.6 Lingt Bar
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 Truck Lighting Market Size Forecast by Applications
12.10.1 Iillumination
12.10.2 Decoration
12.10.3 Other
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) Truck Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Lighting 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) Truck Lighting Market Size Forecast by Type
13.6.1 Headlights
13.6.2 Tail Lights
13.6.3 Fog Lights
13.6.4 Off-Road Lights
13.6.5 Signal Lights
13.6.6 Lingt Bar
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) Truck Lighting Market Size Forecast by Applications
13.10.1 Iillumination
13.10.2 Decoration
13.10.3 Other
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 Truck Lighting Market: Competitive Dashboard
14.2 Global Truck Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MicTuning
14.3.2 Philips
14.3.3 Truck-Lite
14.3.4 OSRAM GmbH
14.3.5 LEDGlow
14.3.6 Apex Lighting
14.3.7 Putco LED
14.3.8 OPT7
14.3.9 Grote Industries
14.3.10 MicTuning
