Global Automotive Off-road Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Off-road Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Automotive Off-road Lighting market finds that the global Automotive Off-road Lighting market reached a value of USD 3916.42 million in 2022. It’s expected that the market will achieve USD 5776.07 million by 2028, exhibiting a CAGR of 6.69% during the forecast period.

The negative impact of the epidemic on the downstream auto industry in the short term

The off-road vehicles industry is the most important and most important downstream industry in the automotive off-road lighting industry. Almost all the needs of the automotive off-road lighting industry come from it. Therefore, any change in the automobile market caused by the epidemic will directly affect the consumption and demand of automotive off-road lighting companies.

However, under the influence of the COVID-19, the whole automotive industry is encountering an unprecedented crisis in history from production to consumption. The epidemic first caused the shutdown of factories. At present, all factories in the world except China have still stopped production, and at least 120 auto factories have been temporarily closed. In the United States alone, many auto industry workers died of the new crown virus. Under the pressure of the union, the three major U.S. automakers Ford, General Motors, and Fiat Chrysler announced in mid-March that their North American factories had stopped production. The European automobile manufacturing industry has been also gradually shut down. Global car sales are also plummeting. Taking the UK market as an example, according to data from the British Motor Vehicle Manufacturing and Trading Association, in March 2020, new car sales in the UK fell 44.4% year-on-year, because of the epidemic, people could not drive and travel. After the stagnant development of the entire automobile industry, the demand market of the automotive off-road lighting industry has been hit hard in a short period of time.

LED Off Road Lights have partial flaws

Such as light radiation problems and expensive maintenance costs. Light radiation is a problem that LED Off Road Lights products urgently need to solve. In the actual application of LED Off Road Lights, the potential photo biological radiation hazards of LEDs must be considered. For example, blue light will have a certain impact on the human cornea. According to different applications, LEDs will also have health effects on people due to flicker and some long-term photo biological effects. This is not a big problem for the reading lights in the car, but the user experience will definitely be more and more demanding, which requires automotive lighting companies not only to meet the requirements of the experience, but also to be safe and non-radiation.

LED lights lead the new trend of energy-saving automotive lighting

LED is a new technology developed in the middle of the 20th century. Using LED lights as an alternative light source has become a new development direction in the automotive lighting industry. LED energy-saving lamps use high-brightness white light-emitting diodes to emit light. They have high luminous efficiency and low power consumption. They can convert 90% of electrical energy into visible light. The energy consumption is only 25% of energy-saving lamps. It does not contain mercury, which may be harmful to health. Materials and waste can be recycled without pollution; LED lights are small in size, light in weight, can withstand high-strength mechanical shocks and vibrations, are not easily broken, and have a service life of 5 to 10 years. While reducing the unit cost, it can also save a lot of energy, which is undoubtedly of great significance to the off-road vehicle lamp industry, which consumes very high energy.

Region Overview:

In 2021, the share of the Automotive Off-road Lighting market in Europe stood at 27.13%.

Company Overview:

Hella is one of the major players operating in the Automotive Off-road Lighting market, holding a share of 8.26% in 2022.

Hella

HELLA GmbH & Co. KGaA develops and manufactures lighting, electronic components, and systems. The Company offers spare parts, chassis, side lights, and accessories, as well as vehicle diagnostics, battery installation, and lighting services.

Osram

OSRAM GmbH manufactures lighting products. The Company offers lamps, opto semiconductors, light-emitting diodes, electronic control gears, luminaires, and light management systems.

Segmentation Overview:

As for product types, the LED Off Road Lights segment held the largest market share in 2021.

Halogen Off Road Lights

Meant for off-road use, this chrome light comes equipped with a bright quartz halogen bulb. This light can be used with fog light bulbs for an enhanced light output.

LED Off Road Lights

The LED acronym stands for Light Emitting Diode. Unlike most other light sources, LED lights rely on electroluminescence rather than incandescence. LED lights for off road vehicles are meant to provide intense illumination for any type of vehicle that can drive on and off paved or gravel surfaces.

HID Off Road Lights

HID (high-intensity discharge) lights are also known as Xenon lights because of the inert noble gas used inside the bulbs. HID off-road lights have been available since the '90s.

Application Overview:

By application, the SUVs segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Automotive Off-road Lighting market covered in Chapter 3:

Truck-Lite Co. LLC
Osram
Grote Industries LLC
Hella
KC HiLiTES
Nilight

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Off-road Lighting market from 2018 to 2029 is primarily split into:

Halogen Off Road Lights
LED Off Road Lights
HID Off Road Lights

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Off-road Lighting market from 2018 to 2029 covers:

SUVs
Pickup trucks

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)