Market Overview:
The global two-wheeler DRL market is estimated to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, stringent emission norms by regulatory authorities, increase in sales of two wheelers and rising demand for safety features in vehicles. Based on type, the motorcycle segment is expected to hold a major share of the global two-wheeler DRL market during the forecast period. This can be attributed to increasing demand for motorcycles across regions due to their fuel efficiency and easy maneuverability. Based on application, OEMs are expected to hold a major share of the global two-wheeler DRL market during the forecast period owing to increasing demand for safety features from original equipment manufacturers (OEMs).
 Industry Outlook.svg)
Product Definition:
Daytime running lights are supplemental front lighting that is used to make a vehicle more visible during the daytime. They are usually implemented as a set of small, low-intensity lamps that illuminate when the vehicle's headlights are off.
Motorcycle:
Motorcycle is a two-wheeler with an engine attached that is used for transportation. The power source to the drive train of motorcycle comes from pedals or a motor. It has wheels, either in rear or front, and can be steered using handlebars connected to the bike by cables. Some models have also been equipped with a automatic transmission system.
Scooter:
Scooter is a two-wheeler with no more than three wheels and it has a handlebar for steering the scooter. The scooters can be powered by an electric motor or an internal combustion engine. The maximum speed of a scooter depends on the type of drive system it uses, e.g., electric motor with lithium battery or (electric & internal combustion engine) power system combination used in gasoline variants.
Application Insights:
OEMs held the largest market share of over 70% in 2017. They are widely used in various applications including headlamps, tail lights and turn indicators, as well as other auxiliary lamps. The growing importance of providing safety during day-time driving has resulted in increased demand for DRL from OEMs across the world.
The aftermarket segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising product sales after the original equipment manufacturer (OEM) discontinues its production or supply chain agreement with two-wheeler manufacturers expires or ends. For instance, Honda stopped manufacturing motorcycles and scooters globally since 2016; therefore, DRL produced by other companies is sold under their brand name only without any modification done by them (Honda subsidiary). However this practice may vary depending on each individual case scenario so it should be taken into consideration before purchasing a new vehicle lamp or parts related thereto.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness among consumers regarding safety and convenience features of these lights. Moreover, rising disposable income levels in developing countries such as India and China are anticipated to fuel product demand during the forecast period. Europe accounted for a significant share in 2016 owing to stringent regulations enforced by traffic police departments across various countries such as Germany, France, Italy, U.K., and Russia pertaining importance of day time running lights on two-wheelers (motorcycles & scooters).
Growth Factors:
- Increasing demand for two-wheelers in developing countries
- Rising awareness about the benefits of using DRLs
- Stringent safety norms by regulatory authorities
- Technological advancements in DRLs products
- Growing demand for luxury and premium two-wheelers
Scope Of The Report
Report Attributes
Report Details
Report Title
Two-Wheeler Day-Time Running Lights (DRL) Market Research Report
By Type
Motorcycle, Scooter
By Application
OEMs, Aftermarkets
By Companies
Fiem Industries, KOITO, UNO MINDA, Varroc, Fiem Industries
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Two-Wheeler Day-Time Running Lights (DRL) Market Report Segments:
The global Two-Wheeler Day-Time Running Lights (DRL) market is segmented on the basis of:
Types
Motorcycle, Scooter
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
OEMs, Aftermarkets
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:
- Fiem Industries
- KOITO
- UNO MINDA
- Varroc
- Fiem Industries
 Market Overview.svg)
Highlights of The Two-Wheeler Day-Time Running Lights (DRL) 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:
- Motorcycle
- Scooter
- By Application:
- OEMs
- Aftermarkets
- 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 Two-Wheeler Day-Time Running Lights (DRL) 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
 Market Statistics.svg)
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?
Two-Wheeler Day-Time Running Lights (DRL) are a type of lighting used on motorcycles to make them more visible at night or in low light conditions.
Some of the major companies in the two-wheeler day-time running lights (drl) market are Fiem Industries, KOITO, UNO MINDA, Varroc, Fiem Industries.
The two-wheeler day-time running lights (drl) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size & Forecast, 2018-2028
4.5.1 Two-Wheeler Day-Time Running Lights (DRL) Market Size and Y-o-Y Growth
4.5.2 Two-Wheeler Day-Time Running Lights (DRL) Market Absolute $ Opportunity
Chapter 5 Global Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Type
5.2.1 Motorcycle
5.2.2 Scooter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarkets
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Analysis and Forecast
9.1 Introduction
9.2 North America Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Type
9.6.1 Motorcycle
9.6.2 Scooter
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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarkets
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 Two-Wheeler Day-Time Running Lights (DRL) Analysis and Forecast
10.1 Introduction
10.2 Europe Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Type
10.6.1 Motorcycle
10.6.2 Scooter
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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarkets
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 Two-Wheeler Day-Time Running Lights (DRL) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Type
11.6.1 Motorcycle
11.6.2 Scooter
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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarkets
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 Two-Wheeler Day-Time Running Lights (DRL) Analysis and Forecast
12.1 Introduction
12.2 Latin America Two-Wheeler Day-Time Running Lights (DRL) 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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Type
12.6.1 Motorcycle
12.6.2 Scooter
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 Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarkets
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) Two-Wheeler Day-Time Running Lights (DRL) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Two-Wheeler Day-Time Running Lights (DRL) 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) Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Type
13.6.1 Motorcycle
13.6.2 Scooter
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) Two-Wheeler Day-Time Running Lights (DRL) Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarkets
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 Two-Wheeler Day-Time Running Lights (DRL) Market: Competitive Dashboard
14.2 Global Two-Wheeler Day-Time Running Lights (DRL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fiem Industries
14.3.2 KOITO
14.3.3 UNO MINDA
14.3.4 Varroc
14.3.5 Fiem Industries
