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Global Off-highway Vehicle Lighting Market Size, Share & Trends Analysis Report by Product (LED, Halogen, HID, Incandescent), by Application, by End-use, by Vehicle Type, and Segment Forecasts, 2021-2028

  • ID: 5415601
  • Report
  • April 2021
  • Region: Global
  • 160 Pages
  • Grand View Research

FEATURED COMPANIES

  • ABL Lights Group
  • APS Lighting and Safety
  • ECCO Safety Group
  • Grote Industries
  • Hamsar Diversco Inc.
  • HELLA GmbH & Co. KGaA
The global off-highway vehicle lighting market size is expected to reach USD 1,565.3 million by 2028. It is projected to register a CAGR of 7.0% from 2021 to 2028. The growing emphasis on public infrastructure development is expected to drive the demand for off-highway vehicles, which bodes well for the market growth over the forecast period. Moreover, continued advancements in product technologies, coupled with stringent government regulations, are also anticipated to support market growth over the forecast period.



The growing population in Asian countries, such as China and India, is driving the need for better public infrastructure. Governments of these economies are aggressively investing in infrastructure development projects. For instance, in India, the government is expected to invest USD 670.5 billion (INR 50 trillion) to improve the country's public infrastructure. The country’s government has also announced several plans for infrastructure development to be undertaken in the next few years. For example, the "Bharatmala Yojana" includes provisions for improving the road networks throughout the country. The Indonesian government has more than 20 projects lined up for the development of more than 52,000 of its rural villages by building better roads, houses, hospitals, and other necessary infrastructure. These ongoing and proposed investments in infrastructure development projects are expected to drive the demand for off-highway vehicles, which is expected to bode well for the growth of the market for off-highway vehicle lighting.

The off-highway vehicle lighting landscape is evolving continuously as manufacturers offer products based on the latest technologies to ensure more safety, improved performance, and better aesthetics. At present, companies, such as Grote Industries, HELLA GmbH & Co. KGaA, Truck-Lite, and ABL Lights Group, are providing off-highway vehicle LED lights for various off-highway vehicle applications such as headlights, taillights, side lamps, and indicator lights. Simultaneously, construction equipment makers are also introducing equipment with enhanced work lights to provide adequate illumination and visibility at worksites. For instance, Caterpillar, a manufacturer of heavy construction, mining, and material handling equipment, provides multiple types of work lights, including LED, halogen, high-intensity discharge (HID), and LED floodlights, on its construction equipment. These lights are also provided as an optional fitment for aftermarket installation.

The COVID-19 pandemic has severely impacted the demand for off-highway vehicle lighting in 2020. Efforts to contain the pandemic have resulted in the implementation of lockdowns and social distancing norms globally, subsequently leading to losses for industries such as manufacturing, automobile, entertainment, construction, restaurant, and hospitality. The pandemic has also negatively impacted construction equipment sales as the production was either completely stopped or slowed down by various manufacturers. European countries such as Germany, Italy, France, and the U.K., which are the leading equipment producing countries, witnessed the most significant impact of the closures. However, governments have begun to gradually relax lockdown norms and allow businesses to operate with mandates of social distancing. As a result, the market can expect a period of respite for the short term due to the reopening of multi-million-dollar infrastructure projects across developed and emerging economies.

The Asia Pacific regional market contributed to around 35% of the off-highway vehicle lighting demand in 2020 and is estimated to register at a CAGR of 5.3% over the forecast period. This growth can be attributed to the increasing adoption of off-highway equipment used in infrastructure development activities in countries such as China, India, Japan, and Taiwan. The market in Middle East and Africa (MEA) is projected to expand at the highest CAGR over the forecast period. GCC countries, including Saudi Arabia, the UAE, Oman, and Qatar, particularly, have several multi-million-dollar infrastructure projects lined up, which is anticipated to increase the demand for construction equipment in the forthcoming years.

Off-highway Vehicle Lighting Market Report Highlights

  • In terms of product, the LED segment is estimated to expand at the highest CAGR of around 9% over the forecast period. This can be attributed to the increasing demand for energy-efficient lighting in off-highway vehicles
  • In terms of application, headlamp emerged as the largest segment in 2020. It is anticipated to rise to a valuation of over USD 900 million by the end of the forecast period
  • In terms of end use, the construction segment accounted for the largest revenue share of around 55% in 2020. The notable rise in sales of construction equipment post the COVID-19 lockdown in various countries is expected to propel the demand for construction equipment
  • The Asia Pacific regional market held the largest revenue share in 2020, attributed to the presence of key manufacturers in Asian countries, including China, Japan, and Taiwan
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABL Lights Group
  • APS Lighting and Safety
  • ECCO Safety Group
  • Grote Industries
  • Hamsar Diversco Inc.
  • HELLA GmbH & Co. KGaA
Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.3.3 Secondary Sources & Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validating & Publishing

Chapter 2 Executive Summary
2.1 Market Outlook

Chapter 3 Market Variables, Trends, & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 Off-highway Vehicle Lighting - Value Chain Analysis
3.3 Off-highway Vehicle Lighting Market Dynamics
3.3.1 Market Drivers Analysis
3.3.2 Market Restraint Analysis
3.4 Off-highway Vehicle Lighting Industry Analysis - PESTLE
3.5 Off-highway Vehicle Lighting Industry Analysis - Porter's

Chapter 4 Off-highway Vehicle Lighting Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2020 & 2028
4.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
4.2.1 LED
4.2.2 Halogen
4.2.3 HID
4.2.4 Incandescent

Chapter 5 Off-highway Vehicle Lighting Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2020 & 2028
5.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
5.2.1 Head Lamp
5.2.2 Tail Lamp
5.2.3 Work Light
5.2.4 Others

Chapter 6 Off-highway Vehicle Lighting Market: End-Use Estimates & Trend Analysis
6.1 End-Use Movement Analysis & Market Share, 2020 & 2028
6.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
6.2.1 Construction
6.2.2 Agriculture/Farming/Forestry

Chapter 7 Off-highway Vehicle Lighting Market: Vehicle Type Estimates & Trend Analysis
7.1 Vehicle Type Movement Analysis & Market Share, 2020 & 2028
7.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
7.2.1 Excavator
7.2.2 Loader
7.2.3 Crane
7.2.4 Dump Truck
7.2.5 Tractor
7.2.6 Others

Chapter 8 Off-highway Vehicle Lighting Market: Regional Estimates & Trend Analysis
8.1 Regional Movement Analysis & Market Share, 2020 & 2028
8.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
8.2.1 North America
8.2.1.1 U.S.
8.2.1.2 Canada
8.2.2 Europe
8.2.2.1 Germany
8.2.2.2 U.K.
8.2.3 Asia Pacific
8.2.3.1 China
8.2.3.2 Japan
8.2.3.3 India
8.2.4 Latin America
8.2.4.1 Brazil
8.2.4.2 Mexico
8.2.5 Middle East and Africa

Chapter 9 Competitive Landscape
9.1 Key Company Analysis, 2020
9.2 Company Profiles
9.2.1 Truck-Lite
9.2.1.1 Company Overview
9.2.1.2 Financial Performance
9.2.1.3 Product Benchmarking
9.2.1.4 Strategic Initiatives
9.2.2 APS Lighting and Safety
9.2.2.1 Company Overview
9.2.2.2 Financial Performance
9.2.2.3 Product Benchmarking
9.2.2.4 Strategic Initiatives
9.2.3 Grote Industries
9.2.3.1 Company Overview
9.2.3.2 Financial Performance
9.2.3.3 Product Benchmarking
9.2.3.4 Strategic Initiatives
9.2.4 ECCO Safety Group
9.2.4.1 Company Overview
9.2.4.2 Financial Performance
9.2.4.3 Product Benchmarking
9.2.4.4 Strategic Initiatives
9.2.5 Hamsar Diversco Inc.
9.2.5.1 Company Overview
9.2.5.2 Financial Performance
9.2.5.3 Product Benchmarking
9.2.5.4 Strategic Initiatives
9.2.6 J.W. Speaker Corporation
9.2.6.1 Company Overview
9.2.6.2 Financial Performance
9.2.6.3 Product Benchmarking
9.2.6.4 Strategic Initiatives
9.2.7 WESEM
9.2.7.1 Company Overview
9.2.7.2 Financial Performance
9.2.7.3 Product Benchmarking
9.2.7.4 Strategic Initiatives
9.2.8 HELLA GmbH & Co. KGaA
9.2.8.1 Company Overview
9.2.8.2 Financial Performance
9.2.8.3 Product Benchmarking
9.2.8.4 Strategic Initiatives
9.2.9 ABL Lights Group
9.2.9.1 Company Overview
9.2.9.2 Financial Performance
9.2.9.3 Product Benchmarking
9.2.9.4 Strategic Initiatives
9.2.10 Peterson Manufacturing Co.
9.2.10.1 Company Overview
9.2.10.2 Financial Performance
9.2.10.3 Product Benchmarking
9.2.10.4 Strategic Initiatives

List of Tables
Table 1 LED market, by region, 2016 - 2028 (USD million)
Table 2 Halogen market, by region, 2016 - 2028 (USD million)
Table 3 HID market, by region, 2016 - 2028 (USD million)
Table 4 Incandescent market, by region, 2016 - 2028 (USD million)
Table 5 Headlamp market, by region, 2016 - 2028 (USD million)
Table 6 Tail lamp market, by region, 2016 - 2028 (USD million)
Table 7 Work light market, by region, 2016 - 2028 (USD million)
Table 8 Others market, by region, 2016 - 2028 (USD million)
Table 9 Construction market, by region, 2016 - 2028 (USD million)
Table 10 Agriculture/farming/forestry market, by region, 2016 - 2028 (USD million)
Table 11 Excavator market, by region, 2016 - 2028 (USD million)
Table 12 Loader market, by region, 2016 - 2028 (USD million)
Table 13 Crane market, by region, 2016 - 2028 (USD million)
Table 14 Dump truck market, by region, 2016 - 2028 (USD million)
Table 15 Tractor market, by region, 2016 - 2028 (USD million)
Table 16 Others market, by region, 2016 - 2028 (USD million)
Table 17 North America Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 18 North America Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 19 North America Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 20 North America Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 21 U.S. Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 22 U.S. Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 23 U.S. Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 24 U.S. Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 25 Canada Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 26 Canada Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 27 Canada Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 28 Canada Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 29 Europe Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 30 Europe Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 31 Europe Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 32 Europe Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 33 U.K. Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 34 U.K. Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 35 U.K. Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 36 U.K. Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 37 Germany Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 38 Germany Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 39 Germany Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 40 Germany Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 41 Rest of Europe Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 42 Rest of Europe Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 43 Rest of Europe Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 44 Rest of Europe Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 45 Asia Pacific Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 46 Asia Pacific Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 47 Asia Pacific Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 48 Asia Pacific Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 49 China Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 50 China Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 51 China Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 52 China Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 53 India Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 54 India Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 55 India Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 56 India Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 57 Japan Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 58 Japan Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 59 Japan Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 60 Japan Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 61 Rest of Asia Pacific Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 62 Rest of Asia Pacific Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 63 Rest of Asia Pacific Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 64 Rest of Asia Pacific Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 65 Latin America Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 66 Latin America Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 67 Latin America Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 68 Latin America Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 69 Brazil Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 70 Brazil Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 71 Brazil Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 72 Brazil Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 73 Mexico Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 74 Mexico Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 75 Mexico Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 76 Mexico Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 77 Rest of Latin America Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 78 Rest of Latin America Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 79 Rest of Latin America Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 80 Rest of Latin America Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)
Table 81 MEA Off-highway vehicle lighting market, by product, 2016 - 2028 (USD million)
Table 82 MEA Off-highway vehicle lighting market, by application, 2016 - 2028 (USD million)
Table 83 MEA Off-highway vehicle lighting market, by end-user, 2016 - 2028 (USD million)
Table 84 MEA Off-highway vehicle lighting market, by vehicle type, 2016 - 2028 (USD million)

List of Figures
Fig. 1 Off-highway vehicle lighting market segmentation
Fig. 2 Market research process
Fig. 3 Primary research process
Fig. 4 Information Analysis
Fig. 5 Data validation and publishing
Fig. 6 Off-highway vehicle lighting market snapshot
Fig. 7 Penetration & growth prospect mapping
Fig. 8 Industry value chain analysis
Fig. 9 Market driver analysis
Fig. 10 Market restraint analysis
Fig. 11 Porter’s analysis
Fig. 12 PEST analysis
Fig. 13 Off-highway vehicle lighting market: By product segment outlook & market share, 2020 and 2028
Fig. 14 Off-highway vehicle lighting market: By application segment outlook & market share, 2020 and 2028
Fig. 15 Off-highway vehicle lighting market: By end-user segment outlook & market share, 2020 and 2028
Fig. 16 Off-highway vehicle lighting market: By vehicle type segment outlook & market share, 2020 and 2028
Fig. 17 Off-highway vehicle lighting market: By region segment outlook & market share, 2020 and 2028
Note: Product cover images may vary from those shown
  • Truck-Lite
  • APS Lighting and Safety
  • Grote Industries
  • ECCO Safety Group
  • Hamsar Diversco Inc.
  • J.W. Speaker Corporation
  • WESEM
  • HELLA GmbH & Co. KGaA
  • ABL Lights Group
  • Peterson Manufacturing Co.
Note: Product cover images may vary from those shown

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