The global demand for Automotive Light Bars Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020- 2026.
A bar integrated on the roof or bumper of a vehicle to light the road for a long-distance is referred to as automotive light bars. These are used in cars and other vehicles, including on truck's grill or bumper and on the roof of the police cars to provide a visual warning. These are of two types, including LED light bars and OLED light bars. Moreover, LED lighting is cheap to use and long-lasting and comes in sizes from 4 inches to 50 inches or more.
The rapidly growing automotive industry along with rising disposable income is primarily driving the market growth. The cost-effectiveness of LED light bars is again accelerating the demand in the market. Increasing demand for clear forward vision and better lighting in the vehicle is further stimulating the demand. Moreover, rising penetration and adoption of light bars in emerging economies is expected to create potential opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive light bars.
The entire automotive light bars market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- LED Light Bars
- OLED Light Bars
This section covers regional segmentation which accentuates on current and future demand for automotive light bars market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Light Bars Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive light bars market include Gu'an Yeolight Technology, Hella, Koito Manufacturing, Koninklijke Philips, Lambert Enterprises, Magneti Marelli, OSRAM, Stanley Electric, Valeo, Varroc Lighting and ZKW Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.