All-Terrain Vehicle (ATV) Lighting Systems Market, By Type (Rear Lighting, Front Lighting, and Others), By Supplier (OEM and Aftermarkets), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
All-terrain vehicles are off-road vehicles, which are also known as quad bikes. Due to technological advancements, companies such as Rissala Electric Motor Pvt. Ltd started to manufacture electric ATV bikes. Lighting systems are important parts of ATV vehicles. ATVs are off-road vehicles and are mostly driven in remote deserts or mountain areas. Therefore, visibility at the time of night or in bad weather is very much important to avoid the risk of accidents. Moreover, due to recent developments in LED technology, the demand for ATV lighting systems has increased in recent years. For instance, companies such as Piaa Corporation have specially designed LED and halogen lights for all-terrain vehicles.
The All-Terrain Vehicle (ATV) Lighting Systems Market is estimated to account for US$ 147.65 Mn in terms of value by the end of 2030.
Market Dynamics
The global all-terrain vehicle (ATV) lighting systems market is expected to exhibit significant growth during the forecast period, owing to recent innovations that made ATV racing more secure. For instance, Yamaha Motor Pvt. Ltd. and French helmet maker, Shark Helmets launched a specially designed ATV racing helmet Shark-16 in April 2017.The Shark-16 is light in weight and made up of composite fiber, which delivers maximum protection. The probability of rider falling from ATV vehicle is high, as ATVs are off-road vehicles. Point to vest company designed special jackets for the ATV riders. This jacket is connected with the ATV so that if rider falls from the ATV, the jacket instantaneously gets filled with three liters of carbon dioxide. Owing to the above mentioned reasons, ATV racing has become more secure. The above mentioned factors are expected to aid in positive growth of the market.
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