Off Highway Vehicle Lighting Market

GMI Research analysis indicates that the Off Highway Vehicle Lighting Market size was estimated at USD 1,068 million in 2022 and is slated to register a single digit CAGR of 7.3% over the forecast period, and is projected to reach USD 1,877 million in 2030

Off Highway Vehicle Lighting Market Overview

Off-highway vehicle lighting refers to the lighting to explore off-road at night or improve bad weather visibility. It can also brighten an outdoor party or campsite. Off-highway vehicles are also termed as off-road vehicles. Increasing number of accidents is a major factor which has lifted the trajectory of the overall market.

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Major Off Highway Vehicle Lighting Market Drivers

Stringent regulation related to the automotive vehicles and the increasing advancements across the globe has undoubtedly pushed the market’s overall growth. With a constant shift in European regulation to accommodate for modern technologies, and improved safety obligations due to improved road speed, there is a need to upgrade the standard to European nations. This included installing the LED light source in the vehicle that exceeds 2,000 lumens, which has increased further safety and helped in the expansion of the market. In addition, strategic initiatives the players like product launches have helped in elevating the market growth. For instance, in November 2019, Tyri, unveiled a new heavy vehicle lighting system, namely intelliLight. This intelligent lighting system works on the principle of a wireless mesh network. The lights are interconnected via Bluetooth in a closed network, which is integrated with the vehicle, and then easily controlled via an app. Furthermore, as stated by the Insurance Institute for Highway Safety (IIHS), 45 percent of all 2018 model vehicles are equipped with a form of high beam assist technology, which has significantly helped in driving the overall growth of the market.

Restraint in the Off-Highway Vehicle Lighting Market

However, high price tag associated with the LED’s is a major factor which is likely to hamper the overall growth of the market.

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Product – Segment Analysis

Based on the product, halogen is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the low cost associated with the price tag as compared to the LEDs or HIDs, which has led to the major adoption of halogen. In addition, high visibility as compared to the LED lights in winters and foggy weather has helped in the accelerating growth of the halogen in the market.

Application – Segment Analysis

Based on the application, headlamp is anticipated to grow at a higher CAGR in the market over the forecast period. Automotive headlamp technology has evolved enormously over the time period, moving further than halogen headlamp assemblies and sealed beams. In addition to enhancements in illumination, headlamp makers are also progressing to enhance the application of headlamps to be able to expand the benefit of improved illumination, which has driven the segmental growth.

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Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the strong presence of the players in the regional countries like China, India, Taiwan, Japan which have pushed the regional growth of the market. For instance, APS Lighting and Safety, ABL Lights Group have a strong presence in the countries like China and Taiwan, leading to the regional expansion of the market. In addition, product launches of off-highway vehicles have added the growth to the market. For instance, in 2020 Yamaha officially announced the launch of ATV models Kodiak 700, Grizzly 2021, and 450 models, which has contributed to the overall growth of the market.

Top Market Players

Various notable players operating in the market, include, Truck-Lite, APS Lighting and Safety, Grote Industries, ECCO Safety Group, Hamsar Diversco Inc., J.W. Speaker Corporation, WESEM, HELLA GmbH & Co. KGaA, ABL Lights Group, Peterson Manufacturing Co., among others. 

Key Developments:

• • In 2021, Truck-Lite announced the launch of high-output LED work lamps and a full line of heated turn/stop/tail lamps, which has helped in the expansion of the product portfolio of the market.

Segments covered in the Report:

The global off-highway vehicle lighting market has been segmented on the basis of product, application, vehicle type, and regions. Based on product, the market is segmented into LED, halogen, HID, and incandescent. Based on application, the market is segmented into head lamp, tail lamp, work light, and others. Based on vehicle type, the market is segmented into excavator, loader, crane, dump truck, tractor, and others. 

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Market Segmentation

Global Off-Highway Vehicle Lighting Market by Product

• • LED
  • Halogen
  • HID
  • Incandescent

Global Off-Highway Vehicle Lighting Market by Application

• • Head Lamp
  • Tail Lamp
  • Work Light
  • Others

Global Off-Highway Vehicle Lighting Market by Vehicle Type

• • Excavator
  • Loader
  • Crane
  • Dump Truck
  • Tractor
  • Others

Global Off-Highway Vehicle Lighting Market by Region

• • North America Off-Highway Vehicle Lighting Market (Option 1: As a part of the free 25% customization)

    • by Product
    • by Application
    • by Vehicle Type
    • US Market All-Up
    • Canada Market All-Up

  • Europe Off-Highway Vehicle Lighting Market (Option 2: As a part of the free 25% customization)

    • by Product
    • by Application
    • by Vehicle Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Off-Highway Vehicle Lighting Market (Option 3: As a part of the free 25% customization)

    • by Product
    • by Application
    • by Vehicle Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Off-Highway Vehicle Lighting Market (Option 4: As a part of the free 25% customization)

    • by Product
    • by Application
    • by Vehicle Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Off-Highway Vehicle Lighting (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Truck-Lite
  • APS Lighting and Safety
  • Grote Industries
  • ECCO Safety Group
  • Hamsar Diversco Inc.
  • W. Speaker Corporation
  • WESEM
  • HELLA GmbH & Co. KGaA
  • ABL Lights Group
  • Peterson Manufacturing Co.