Global Heavy Equipment Lamps Market
The global Heavy Equipment Lamps market was valued at USD 7.1 Billion in 2020 which expected to reach USD17.2 billion by 2027 at a CAGR 4.3% from 2020-2027.
The increased spending on research and development in the United States in order to offer emission-free lighting units in order to comply with government guidelines, as well as an increase in the number of accidents on construction sites at night, are driving the demand for heavy equipment lamps in the country. Furthermore, manufacturers spent a lot of time designing bulbs that can be used on heavy machinery and can withstand a variety of conditions.
To perform safely, an increasing number of companies are using LED lamps for heavy equipment, particularly during night-time operations.
Market Drivers
Increasing Government Initiatives
Increase in government initiatives towards infrastructure development like roads, bridges, highways, etc. as well as growing demand for agriculture & forestry equipment further boosts the global heavy equipment lamps market during the forecast period. Furthermore, the increase in demand for metal & mineral commodities will positively influence the heavy equipment lamps market.
Moreover, rise in the consumption of natural resources like coal, diamond, and uranium, is driving the global heavy equipment lamps market.
Market Restraints
However, purchasing high-quality lamps require a larger initial expenditure than purchasing classic lighting restraining the global heavy equipment lamps market growth.
Additionally, the high set-up & maintenance costs are restraining the growth of the heav equipment lamps market.
Impact of COVID-19
The COVID-19 pandemic has resulted in a series of lockdowns & self-quarantine regulations, which resulted in closures, supply chain disruptions, and workforce unavailability.
Such factors had a substantial impact on various business sectors such as electronics, construction, automobile, agriculture, etc.
Market Segmentation
The Global Heavy Equipment Lamps Market is segmented into Lamp Type, Lighting Type, End-use and Growing System. By Lamp Type such as Head Lamps, Rear Lamps, Signal Lamps, Flashing Lamps, Others. Further, market is segmented into By Lighting Type such as LED, Halogen , HID, Others. By End-use such as Construction Equipment, Mining Equipment, Automotive & Other Transport, Others.
Regional Analysis
Global Heavy Equipment Lamps Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share. The increased spending on research and development in the United States in order to offer emission-free lighting units in order to comply with government guidelines, as well as an increase in the number of accidents on construction sites at night, are driving the demand for heavy equipment lamps in the country.
Key Players
Various key players are listed in this report such as Catepillar, Inc, Grote Industries, Heavy Duty Lighting, HELLA GmbH and Co. KGaA, J.W. Speaker Corporation, Larson Electronics LLC, Neolite ZKW Lightings Pvt. Ltd, Nordic Lights Ltd., OSRAM GmbH, Phoenix Products LLC
Market Taxonomy
By Lamp Type
By Lighting Type
By End-use
By Region
Key Questions Addressed by the Report
Global Heavy Equipment Lamps 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 Global Heavy Equipment Lamps 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 Global Heavy Equipment Lamps Market, By Lamp Type
5.1 Y-o-Y Growth Comparison, By Lamp Type
5.2 Global Heavy Equipment Lamps Market Share Analysis, By Lamp Type
5.3 Global Heavy Equipment Lamps Market Size and Forecast, By Lamp Type
5.3.1 Head Lamps
5.3.2 Rear Lamps
5.3.3 Signal Lamps
5.3.4 Flashing Lamps
5.3.5 Others
6 Global Heavy Equipment Lamps Market, By Lighting Type
6.1 Y-o-Y Growth Comparison, By Lighting Type
6.2 Global Heavy Equipment Lamps Market Share Analysis, By Lighting Type
6.3 Global Heavy Equipment Lamps Market Size and Forecast, By Lighting Type
6.3.1 LED
6.3.2 Halogen
6.3.3 HID
6.3.4 Others
7 Global Heavy Equipment Lamps Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Heavy Equipment Lamps Market Share Analysis, By End-use
7.3 Global Heavy Equipment Lamps Market Size and Forecast, By End-use
7.3.1 Construction Equipment
7.3.2 Mining Equipment
7.3.3 Automotive & Other Transport
7.3.4 Others
8 Global Heavy Equipment Lamps Market, By Region
8.1 Global Heavy Equipment Lamps Market Share Analysis, By Region
8.2 Global Heavy Equipment Lamps Market Share Analysis, By Region
8.3 Global Heavy Equipment Lamps Market Size and Forecast, By Region
9 North America Heavy Equipment Lamps Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Heavy Equipment Lamps Market Share Analysis, By Lamp Type
9.3 North America Heavy Equipment Lamps Market Size and Forecast, By Lighting Type
9.4 North America Heavy Equipment Lamps Market Size and Forecast, By End-use
9.6 North America Heavy Equipment Lamps Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Heavy Equipment Lamps Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Heavy Equipment Lamps Market Share Analysis, By Lamp Type
10.3 Europe Heavy Equipment Lamps Market Size and Forecast, By Lighting Type
10.4 Europe Heavy Equipment Lamps Market Size and Forecast, By End-use
10.6 Europe Heavy Equipment Lamps Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Heavy Equipment Lamps Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Heavy Equipment Lamps Market Share Analysis, By Lamp Type
11.3 Asia Pacific Heavy Equipment Lamps Market Size and Forecast, By Lighting Type
11.4 Asia Pacific Heavy Equipment Lamps Market Size and Forecast, By End-use
11.6 Asia Pacific Heavy Equipment Lamps Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Heavy Equipment Lamps Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Heavy Equipment Lamps Market Share Analysis, By Lamp Type
12.3 Latin America Heavy Equipment Lamps Market Size and Forecast, By Lighting Type
12.4 Latin America Heavy Equipment Lamps Market Size and Forecast, By End-use
12.6 Latin America Heavy Equipment Lamps Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Heavy Equipment Lamps Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Heavy Equipment Lamps Market Share Analysis, By Lamp Type
13.3 Middle East Heavy Equipment Lamps Market Size and Forecast, By Lighting Type
13.4 Middle East Heavy Equipment Lamps Market Size and Forecast, By End-use
13.6 Middle East Heavy Equipment Lamps Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Catepillar, Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Grote Industries
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Heavy Duty Lighting
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 HELLA GmbH and Co. KGaA
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 J.W. Speaker Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Larson Electronics LLC
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Neolite ZKW Lightings Pvt. Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Nordic Lights Ltd.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. OSRAM GmbH
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10. Phoenix Products LLC
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
