Automotive Light Bars Market Poised to Expand at a Robust Pace Over 2019– 2029

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Automotive Light Bars Market to Hold a High Potential
for Growth by 2029
March 2020 Report Id : REP-GB-7668
Published On : May-2019
Category : Automotive & Transportation

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Automotive Light Bars Market to Hold a High Potential for Growth by 2029
Automotive light bars are cost-effective vehicle lights that are substantially fitted in commercial vehicles.
Automotive light bars, as considered under the scope of the research, have been mainly categorized on the
basis of vehicle type, technology, installation, sales channel, and region/country.
Future Market Insights' study, titled, 'Automotive Light Bars Market: Global Industry Analysis 2014–2018 and
Opportunity Assessment 2019–2029', analyses the global automotive light bars market, and offers an in-
depth analysis of the concerned market for the upcoming ten years.
In 2014, the global automotive light bars market was pegged at US$ 664.3 Mn. It is expected to be valued at
over US$ 800 Mn at the end of 2019. The automotive light bars market is expected to grow at a CAGR of
more than 5% during the projected period of 2019-2029, and reach a value of nearly US$ 1,400 Mn by 2029
end.
Front Installation Applications Continue to Generate Substantial Demand for Automotive Light Bars
Light commercial vehicles (LCVs) are expected to account for over half of the global automotive light bars
market, as commercial vehicles run more miles and late nights, thus, visibility and cost-efficiency are
important factors. Also, the inclination of long distance commuters towards commercial vehicles is
anticipated to strengthen the unit sales of automotive light bars during the forecast period. Technology-wise,
HID xenon and LED type automotive light bars will reportedly hold over 25% of the global automotive light
bars market share. LED automotive light bars offer powerful illumination that is particularly optimum for off-
road applications.
Automotive Light Bars Market Analysis
4

On the basis of installation, the automotive light bars market has been segmented into front, side, rear,
and interior. Since automotive light bars are mostly used as headlamps or fog lights, front installation
of automotive light bars is anticipated to retain prominence in the global automotive light bars market.
East Asian Markets Emerging Highly Lucrative for Key Players
According to the report, East Asia will account for over a fourth of the market share in the global
automotive light bars market owing to the growing vehicle commercial fleet because of increasing
export and import activities. In terms of market value share, Europe is expected to be next in the run
in the automotive light bars market. By country, China and India are expected to be the emerging
countries in the automotive light bars market as a result of enhanced economic conditions, increasing
passenger and driver safety regulations, and expanding vehicle fleet.
The automotive industry is highly competitive, owing to the presence of several established players,
which makes the automotive light bars market fairly consolidated. Due to the presence of a number of
local and regional automotive light bar manufacturers, the automotive industry is exceedingly
competitive. The global automotive light bars market is estimated to be considerably
5

fragmented. Manufacturers of automotive light bars are likely to remain focused on R&D investments,
particularly in emerging countries such as China and India.
Some of the key players active in the global automotive light bars market are HELLA GmbH & Co. KGaA,
OSRAM Licht AG, FEDERAL SIGNAL CORPORATION, Truck-Lite Co., LLC, Grote Industries, Inc., Whelen
Engineering Company Inc., ECCO SAFETY GROUP, PIAA Corporation, Putco Inc., KC HiLiTES Inc.,
Whacker Technologies, and Haztec International Ltd, among others.
Source:https://www.prnewswire.com/news-releases/global-sales-of-automotive-light-bars-to-expand-
at-over-5-cagr-during-2019-to-2029--future-market-insights-300857185.html
More from Automotive & Transportation Market Intelligence:
• Electric Scooters Market
• Automotive Lead Acid Battery Market
6

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research reports, custom research reports and consulting services which are personalized in nature.
FMI delivers a complete packaged solution, which combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive
framework and future market trends.
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Automotive Light Bars Market Poised to Expand at a Robust Pace Over 2019– 2029

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Automotive Light Bars Market Poised to Expand at a Robust Pace Over 2019– 2029