Automotive Light Bars Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71382
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The automotive light bars market share should rise by USD 31.27 million from 2022 to 2026 at a CAGR of 3.36%.

This automotive light bars market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (government and non-government) and geography (APAC, North America, Europe, MEA, and South America). The automotive light bars market report also offers information on several market vendors, including Clarience Technologies, Federal Signal Corp., Grote Industries LLC, KC HiLiTES Inc., LAP ELECTRICAL Ltd., Lumax Industries Ltd., OSRAM GmbH, PIAA Corp., Putco Inc., and Whelen Engineering Inc. among others.

What will the Automotive Light Bars Market Size be in 2022?

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Automotive Light Bars Market: Key Drivers and Trends

The rising growth in the automotive industry is notably driving the automotive light bars market growth, although factors such as high initial cost for installation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive light bars industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This automotive light bars market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Automotive Light Bars Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Clarience Technologies
  • Federal Signal Corp.
  • Grote Industries LLC
  • KC HiLiTES Inc.
  • LAP ELECTRICAL Ltd.
  • Lumax Industries Ltd.
  • OSRAM GmbH
  • PIAA Corp.
  • Putco Inc.
  • Whelen Engineering Inc.

 

The vendor landscape of the automotive light bars market entails successful business strategies deployed by the vendors. The automotive light bars market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automotive light bars market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Light Bars Market?

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55% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive light bars in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising vehicle fleet will facilitate the automotive light bars market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating End-user Segments in the Automotive Light Bars Market?

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The automotive light bars market share growth by the government segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive light bars market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Automotive Light Bars Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 3.36%

Market growth 2022-2026

$ 31.27 million

Market structure

Concentrated

YoY growth (%)

2.34

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 55%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Clarience Technologies, Federal Signal Corp., Grote Industries LLC, KC HiLiTES Inc., LAP ELECTRICAL Ltd., Lumax Industries Ltd., OSRAM GmbH, PIAA Corp., Putco Inc., and Whelen Engineering Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Automotive Light Bars Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive light bars market growth during the next five years
  • Precise estimation of the automotive light bars market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive light bars market across APAC, North America, Europe, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive light bars market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Government - Market size and forecast 2021-2026
    • Non-government - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Clarience Technologies
      • Federal Signal Corp.
      • Grote Industries LLC
      • KC HiLiTES Inc.
      • LAP ELECTRICAL Ltd.
      • Lumax Industries Ltd.
      • OSRAM GmbH
      • PIAA Corp.
      • Putco Inc.
      • Whelen Engineering Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The automotive light bars market growth will increase by $31.27 million during 2021-2026.
      The automotive light bars market is expected to grow at a CAGR of 3.36% during 2021-2026.
      Technavio has segmented the automotive light bars market by end user (Government and Non-government) and geographic (APAC, North America, Europe, MEA, and South America).
      Clarience Technologies, Federal Signal Corp., Grote Industries LLC, KC HiLiTES Inc., LAP ELECTRICAL Ltd., Lumax Industries Ltd., OSRAM GmbH, PIAA Corp., Putco Inc., Whelen Engineering Inc. are a few of the key vendors in the automotive light bars market.
      APAC will register the highest growth rate of 54.97% among the other regions. Therefore, the automotive light bars market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the automotive light bars market growth are:
      • Rising growth in the automotive industry
      The automotive light bars market vendors should focus on grabbing business opportunities from the government segment as it accounted for the largest market share in the base year.
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