A headlight is a lamp attached to the motorcycle's front to illuminate the road ahead and the vehicles. Secondly, it makes the motorcycle visible so that other vehicles can be aware of and maintain a safe distance to avoid crashes. The motorbike headlight is a requirement for being on the road, and mainly it is equipped with standard headlights. Depending on the type and brand of motorbike, stock or standard l headlights are sufficient. However, the stock lights may not be enough to deal with user needs in some cases. Therefore, some users go for modified and upgraded headlights according to the requirement. Many options are available in the market to replace stock headlamps, such as powerful & hi-tech lamps and auxiliary lights that improve the visibility of motorcyclists. Some attractive modern headlight features occur in modern motorcycles, which increases the appearance and better visibility, leading to the rise in the demand for motorcycle headlights. The use of new advanced technologies in the automotive sector, such as OLED and laser headlights, increases the motorcycle headlight market demand.
COVID-19 Impact Analysis:
The COVID-19 outbreak has disrupted the automotive supply chain globally. The lockdown has impacted the human resources & resource availability, affecting the scale of production in the headlight industry, the supply channel system was significantly affected due to government restrictions on transport. The pandemic outbreak has resulted in the economy uncertainty & reduced consumer demands, which makes it difficult for the sale of new vehicle market segment. The suppliers operating in the motorcycle headlight market experienced severe disruption in the past year due to a decrease in vehicle use.
Top Impacting Factors:
- Rise in the popularity of laser headlights, growth in emphasis towards road safety, increase in government regulations, improvement in night vision quality and safety quotient leads to an increase in the demand for the motorcycle headlight market
- High cost of LED lights, decrease in the power consumption in Automatic Headlight On (AHO) bikes, and low penetration of advanced lighting in a particular headlight types restrain the growth of the motorcycle headlight market.
- Variety of options in the market, attractive modern features & appearances, and rise in production & stock availability for aftermarket buyers offer growth opportunities for the market.
The Motorcycle Headlight Market Trend is as follows:
Demand & Availability Options in the Market:
The motorcycle headlight industry depends on the automotive industry for its growth. It is expected to grow from its ongoing vehicle sale. The growing trend is likely to continue due to the rise in demand for motorcycles among users during the forecast period. Numerous technological developments were observed in the headlight industry, and innovations such as incandescent lamps, halogen lamps, and xenon lamps also increased the demand and popularity of motorcycle headlights among the end-user. Currently, LED technology is gaining popularity across the globe. The Yamaha R series has made smashing improvements in its headlights, including color schemes, projector headlights & DRL. Now, it has become the face of brilliantly designed boomerang-shaped LED headlights in the market. Hence, the motorcycle headlights market has increased due to the availability of various headlight designs with the right shape and size for specific motorcycles.
Key Benefits of the Report:
- This study presents the analytical depiction of the motorcycle headlight market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the motorcycle headlight market.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the motorcycle headlight market.
- The report provides a detailed motorcycle headlight market analysis based on competitive intensity and the competition that will take shape in coming years.
Questions Answered in the Motorcycle Headlight Market Research Report:
- Who are the leading market players active in the motorcycle headlight market?
- What would be the detailed impact of COVID-19 on the market?
- What are the current trends that would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the motorcycle headlight market?
- What are the future projections that would help in taking further strategic steps?
Motorcycle Headlight Market Report Highlights
Key Market Players
Varroc Group, BikeMaster, BRIGHTSTARTW, BAAK, Loyo Electronic, TRUX ACCESSORIES, Stanley Electric, Philips, Ultra Tool, Alchemy Parts