Global Automotive Light Bars Market
The Automotive Light Bars market is projected to reach USD 1,350 Mn by 2027 from USD 725 Mn in 2021, at a CAGR of 5% during the forecast period.
Cost-effective vehicle lights are automotive light bars that are significantly fitted in commercial vehicles. Lighting and signalling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle comprises in the automotive lighting system of a motor vehicle.
Market Drivers
One of the major factors that drive the market is the increasing popularity and the use of electric vehicles have highlighted the requirement for automotive light bars.
Also, the demand for LED light bar rises because it produces more light per watt than most lights, and it takes less time than a microsecond to reach full brightness.
Market Restraints
Some major factors among others which are restraining the market growth are the unpredictable life of the light bars and high initial cost for installing these light bars in vehicles.
Market Segmentation
Automotive Light Bars Market sis segmented into major 5 categories. Based on Vehicle Type, the market is segmented into Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles. Based on Technology, the market is segmented into Halogen, HID, LED. Based on Sales Channel, the market is segmented into OEMs, Aftermarket. Based on Installation, the market is segmented into Front, Side, Rear, Interior. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific anticipated to leads the automotive light bars market with higest market share and revenue in the forecast period due to the quick consumer adoption, high sales of automobiles, augmented sales and production of vehicles domestically in this region.
Europe is anticipated to be second in the run in the automotive light bars market due to Due to the presence of a number of local and regional automotive light bar manufacturers
Market Key Players
Some of the key players operating in Global Automotive Light Bars Market are HELLA GmbH and Co. KGaA, OSRAM Licht AG, FEDERAL SIGNAL CORPORATION, Truck-Lite Co., LLC, Grote Industries, Inc., Whelen Engineering Company Inc., ECCO SAFETY GROUP, PIAA Corporation, Whacker Technologies, and Haztec International Ltd, among others.
Industry development
In January 2022, Hyundai, a multinational automotive manufacturer headquartered in South Korea, launched Ioniq 5, its first electric vehicle that is free from the design and packaging constraints. On the top edge of the front bumper, it has a Daytime Running Lamp light bar. This innovative lighting makes the model stand out from the others and the company considers this to be an example of the future motoring.
In January 2022, Mitsubishi, a multinational automotive manufacturer based in Japan, declared the line-up for the upcoming 2022 Tokyo Auto Salon. It will exhibit 7 models, including the Vision Ralliart Concept, X Style, and K-EV concept. As per the company officials, its Ralliart Style cars will be modified to include a LED light bar, exposed bolts, underbody protection, and a new grille.
Global Automotive Light Bars Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Automotive Light Bars Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Automotive Light Bars Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Automotive Light Bars Market Share Analysis, By Vehicle Type
5.3 Automotive Light Bars Market Size and Forecast, By Vehicle Type
5.3.1 Passenger Vehicles
5.3.2 Light Commercial Vehicles
5.3.3 Heavy Commercial Vehicles
6 Automotive Light Bars Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Automotive Light Bars Market Share Analysis, By Technology
6.3 Automotive Light Bars Market Size and Forecast, By Technology
6.3.1 Halogen
6.3.2 HID
6.3.3 LED
7 Automotive Light Bars Market, By Sales Channel
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Automotive Light Bars Market Share Analysis, By Sales Channel
7.3 Automotive Light Bars Market Size and Forecast, By Sales Channel
7.3.1 OEMs
7.3.2 Aftermarket
8 Automotive Light Bars Market, By Installation
8.1 Y-o-Y Growth Comparison, By Installation
8.2 Automotive Light Bars Market Share Analysis, By Installation
8.3 Automotive Light Bars Market Size and Forecast, By Installation
8.3.1 Front
8.3.2 Side
8.3.3 Rear
8.3.4 Interior
9 Automotive Light Bars Market, By Region
9.1 Automotive Light Bars Market Share Analysis, By Region
9.2 Automotive Light Bars Market Share Analysis, By Region
9.3 Automotive Light Bars Market Size and Forecast, By Region
10 North America Automotive Light Bars Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Automotive Light Bars Market Share Analysis, By Vehicle Type
10.3 North America Automotive Light Bars Market Size and Forecast, By Technology
10.4 North America Automotive Light Bars Market Size and Forecast, By Sales Channel
10.4 North America Automotive Light Bars Market Size and Forecast, By Installation
10.5 North America Automotive Light Bars Market Size and Forecast, By Country
10.5.1 U.S.
10.5.2 Canada
10.5.3 Mexico
11 Europe Automotive Light Bars Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Automotive Light Bars Market Share Analysis, By Vehicle Type
11.3 Europe Automotive Light Bars Market Size and Forecast, By Technology
11.4 Europe Automotive Light Bars Market Size and Forecast, By Sales Channel
11.4 Europe Automotive Light Bars Market Size and Forecast, By Installation
11.5 Europe Automotive Light Bars Market Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.54. Rest of Europe
12 Asia Pacific Automotive Light Bars Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Automotive Light Bars Market Share Analysis, By Vehicle Type
12.3 Asia Pacific Automotive Light Bars Market Size and Forecast, By Technology
12.4 Asia Pacific Automotive Light Bars Market Size and Forecast, By Sales Channel
12.4 Asia Pacific Automotive Light Bars Market Size and Forecast, By Installation
12.5 Asia Pacific Automotive Light Bars Market Size and Forecast, By Country
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4. Rest of Asia Pacific
13 Latin America Automotive Light Bars Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Automotive Light Bars Market Share Analysis, By Vehicle Type
13.3 Latin America Automotive Light Bars Market Size and Forecast, By Technology
13.4 Latin America Automotive Light Bars Market Size and Forecast, By Sales Channel
13.4 Latin America Automotive Light Bars Market Size and Forecast, By Installation
13.5 Latin America Automotive Light Bars Market Size and Forecast, Country
13.5.1. Brazil
13.5.2. Rest of Latin America
14 Middle East Automotive Light Bars Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Automotive Light Bars Market Share Analysis, By Vehicle Type
14.3 Middle East Automotive Light Bars Market Size and Forecast, By Technology
14.4 Middle East Automotive Light Bars Market Size and Forecast, By Sales Channel
14.4 Middle East Automotive Light Bars Market Size and Forecast, By Installation
14.5 Middle East Automotive Light Bars Market Size and Forecast, By Country
14.5.1. Saudi Arabia
14.5.2. UAE
14.5.3. Egypt
14.5.4. Kuwait
14.5.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 HELLA GmbH and Co. KGaA
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 OSRAM Licht AG
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 FEDERAL SIGNAL CORPORATION
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Truck-Lite Co., LLC
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Grote Industries, Inc.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Whelen Engineering Company Inc.
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 ECCO SAFETY GROUP
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 PIAA Corporation
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Whacker Technologies
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Haztec International Ltd
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
