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The motorcycle headlight market size is forecast to increase by USD 989.17 million, at a CAGR of 6.39% between 2023 and 2028. The accelerated growth of the market is due to various factors, including the increasing motorcycle sales globally, the increasing adoption of new headlight technologies in the automotive segment, and the growing focus on differentiation by motorcycle OEMs.
The report offers extensive research analysis on the Motorcycle Headlight Market?????, with a categorization based on Type, including halogen, LED, and others. It further segments the market by Application, encompassing regular motorcycle and racing motorcycle. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the motorcycle headlight market growth is the growing focus on differentiation by motorcycle OEMs. Motorcycle designers are seeking ways to differentiate their product offerings in an intensely competitive market by creating new variants of exterior and interior lighting. In addition, new technologies that provide greater flexibility and scalability across different applications and vehicle models are providing opportunities for designers to improve their style, aesthetic, and feel.
Moreover, these technologies are leveraged by designers to enhance the appeal of the motorcycle and increase the demand for heavyweight motorcycles. For example, BMW Motorrad is dedicated to developing innovative lighting technology for motorcycles. In addition, the company is a pioneer in LED technology for motorcycles with their existing models and is developing OLED applications for the motorcycle segment. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the motorcycle headlight market growth is the increasing popularity of adaptive headlights in motorcycles. The headlight is a crucial component of motorcycles to illuminate the road ahead during hours of darkness. However, the requirement to match the illumination of the road with speed as per the rider is never met by conventional headlights. In addition, they cannot adjust according to changes in riding and road conditions.
Therefore, there is an increasing adoption of adaptive headlight which tilts according to the rider's lean angle by a servomotor, allowing better visibility with a wider edge and reducing the risk of riding in darkness. In addition, the calculation of the lean angle is done by the sensor box, used for distributing information to many functions in the motorcycle such as ABS and TCS. Hence, such factors are driving the market growth during the forecast period.
Increasing cost pressures on OEMs in the motorcycle industry are one of the key challenges hindering the motorcycle headlight market growth. In the motorcycle industry, OEMs comprise the majority of the warranty costs and price pressure from the demand side. In addition, with the increasing adoption of advanced technologies, the bargaining power of OEMs has reduced for specific equipment and techniques. Furthermore, automotive OEMs are subject to heavy cost pressures due to the frequent changes in the regulatory environment and the demanding consumer base.
Moreover, the electrification of mechanical components increases the cost of the vehicle. In addition, this may lead to a decline in vehicle demand in emerging markets. Furthermore, stringent emission norms have forced engine and drivetrain designers and manufacturers to make changes consistently. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Motorcycle Headlight Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cyron Inc: The company offers motorcycle headlight such as Baja designs XL pro LED headlight kit, Motodemic adaptive LED headlight upgrade kit, and Motodemic adaptive LED headlight conversion kit.
The research report also includes detailed analyses of the competitive landscape of the market and information about 21 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The halogen segment is estimated to witness significant growth during the forecast period. The halogen segment can be referred to as a type of gas that is used in incandescent bulbs. In addition, this gas helps to create a brighter light by producing more heat than other gases. Furthermore, halogen lights are usually more expensive than traditional incandescent bulbs, but they last longer and use less energy. LED headlights are becoming increasingly popular in the motorcycle industry.
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The halogen segment was the largest segment and was valued at USD 1,407.70 million in 2018. Moreover, LEDs are more efficient than halogen bulbs and produce little to no heat. In addition, this makes them ideal for motorcycle applications where space is limited and cooling is important. Furthermore, they are popular in developing economies as they are cheaper than LEDs and HID lights. In addition, developing economies such as India and China, which are the largest markets for motorcycles, are also expected to adopt LED technology in motorcycles, fuelling the growth of this segment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 90% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main countries contributing to the market growth in APAC include China, India, and Japan. In addition, the regional motorcycle headlight market is rising due to the high demand for two-wheelers in APAC, which is characterized by low-powered and affordable geared motorcycles, mopeds, and gearless scooters that are used for commuting daily in developing countries such as India and Bangladesh. Moreover, the demand for motorcycles is high due to their affordability and easy mode of transportation. Hence, such factors are driving the market growth in APAC during the forecast period.
The motorcycle headlight market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Motorcycle Headlight Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.39% |
Market Growth 2024-2028 |
USD 989.17 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.67 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 90% |
Key countries |
US, India, China, Indonesia, and Thailand |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alchemy Parts Ltd., ams OSRAM AG, Bayerische Motoren Werke AG, Comoto Holdings LLC, Cyron Inc., Fiem Industries Ltd., General Electric Co., Harley Davidson Inc., HELLA GmbH and Co. KGaA, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Corp., Lumax Industries Ltd., Minda Industries Ltd., Stanley Electric Co. Ltd., Trux Accessories, Varroc Engineering Ltd., ZKW Group GmbH, BAAK Motocyclettes, J.W. Speaker Corp., and Loyo led |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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