"Market Intelligence for High-Geared Performance"
A two-wheeler headlight is a component of a motorcycle or scooter that provides illumination to the rider to see the road ahead and be noticed by other drivers on the road. When turned on, a two-wheeler headlight typically consists of one or more bulbs installed on the front of the vehicle that emits a powerful beam of light.
Two-wheeler headlights, in addition to providing illumination. Headlights also play an important role in ensuring the safety of riders and other drivers on the road. Many countries have laws requiring two-wheelers to have headlights that satisfy specified brightness and angle requirements, and riders are usually compelled to use their headlights even during the day to increase their visibility to other drivers.
Increasing demand for two-wheelers, especially electric two-wheelers. The demand for electric two-wheelers has been growing Y-o-Y since 2020 and, in turn, is expected to increase the demand for two-wheeler headlights during the forecast period. Growing urbanization in developing countries will also play a crucial factor in the growth of the two-wheeler market and will eventually increase the demand for two-wheeler headlights.
Also increasing popularity of customizing two-wheelers has also driven the growth of the aftermarket for two-wheeler headlights. Many riders prefer to upgrade their headlights for improved visibility and safety or to enhance the look of their vehicle.
There has been a negative impact on the market growth of two-wheeler headlights during and post COVID-19 era. The pandemic caused factory closures and interruptions in transportation and logistics, resulting in shortages of raw materials, components, and final goods. As a result, numerous two-wheeler headlamp manufacturers experienced supply chain interruptions and shortages of significant parts, limiting their ability to meet product demand. This resulted in production and delivery delays, as well as higher prices for clients due to increased raw material and transportation costs. Furthermore, the pandemic reduced demand for two-wheelers and related components.
But as the restrictions loosened and people resumed traveling, they refrained from using mass-transit systems and started opting for personal mobility options like bikes and scooters; this surge in demand for two-wheelers after the loosening of Covid-19 restrictions propelled the growth of the two-wheeler market, which eventually had a positive impact on the two-wheeler headlight market.
The report will cover the following key insights:
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The Asia Pacific is expected to dominate the two-wheeler market. It is expected to grow rapidly from 2023 to 2030 as this region has the top four countries, China, India, Indonesia, and Vietnam, the largest two-wheeler markets. As these economies are developing, the disposable income of the population in these economies is less as compared to the developed economies making two-wheelers a more attractive option than four-wheelers. Also, inconvenient public transport in these developing economies will propel the demand for the two-wheelers market in this region. If the two-wheeler market grows, it will lead to the growth of the two-wheeler headlight market.
The report includes profiles of key players such as GE Lighting; Minda Industries Ltd.; Lumax Industries Ltd.; KOITO Manufacturing; OSRAM; Stanley Electric; Varroc Group; Philips; Cyron Lighting; Alchemy Parts; Loyo Electronics; BRIGHTSTARTW, and others.
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