Two-Wheeler Lighting Market Size :
Two-Wheeler Lighting Market size is estimated to reach over USD 556.48 Million by 2030 from a value of USD 437.81 Million in 2022, growing at a CAGR of 3.3% from 2023 to 2030.
Two-Wheeler Lighting Market Scope & Overview :
Two-wheeler lighting refers to the lighting system used in motorcycles, scooters, bicycles, and other two-wheeled vehicles in order to improve the visibility and safety of the rider. Two-wheeler lighting systems include the headlights, taillights, and indicator lights are used to illuminate the path during low-light conditions and at night. Therefore, two-wheeler lighting provides improved visibility on roads, allowing riders to observe potential obstacles and hazards.
Two-Wheeler Lighting Market Insights :
Two-Wheeler Lighting Market Dynamics - (DRO) :
Key Drivers :
Rising awareness among riders about road safety is driving the market growth
The growing awareness among consumers about road safety due to the increasing number of road accidents is driving the growth of two-wheeler lighting market. Two-wheeler lighting systems improve the visibility on roads and allow the rider to notice reflective things on the road. Consumers are increasingly deploying headlights, taillights, and indicator lights to provide visibility in fog, darkness, pollution, or other during severe weather conditions. For instance, in June 2022, J.W. Speaker Corporation launched 93 5-in-1 LED headlight for motorcycles to enhance the visibility on roads. Consequently, the increasing adoption of advanced lighting systems in two-wheeler to maintain road safety is accelerating the growth of the market.
Rising sales of two-wheeler for urban mobility is propelling the market growth
The growing adoption of two-wheeler for urban commuting and short-distance travel is driving the growth of two-wheeler lighting market. The affordability and low maintenance of two-wheelers such as scooters and motorcycles are facilitating consumers to purchase two-wheelers for daily commuting purposes. For instance, according to the Ministry of Road Transport and Highways, two-wheeler accounted for more than 70% of the total registered vehicles in India. As a result, the growing adoption of two-wheeler among consumers is driving the demand for efficient and reliable lighting systems, resulting in market growth.
Key Restraints :
Complex integration of two-wheeler lighting systems
The complex installation, integration, and replacement of High Intensity Discharge (HID) lights in two-wheelers such as motorcycles and scooters is hindering the growth of two-wheeler lighting market. HID lights have a ballast and cooling system that requires dedicated housing inside the headlamp assembly. Therefore, integration of advanced lighting systems into existing two-wheeler designs presents technical challenges and compatibility issues, thereby limiting the growth of the market.
Future Opportunities :
Integration of camera sensor in motorcycle headlights
The integration of camera sensors in motorcycle headlights to detect potential hazards and obstacles on roads is expected to present potential opportunities for the growth of two-wheeler lighting market. The integration of CCD and CMOS sensors in headlights of bikes detects far objects on the road such as traffic lights and speed limit signs to maintain road safety. For instance, in June 2022, Honda filed a patent for new camera technology in motorcycles to detect obstacles in the road ahead. Therefore, the incorporation of camera sensors in motorcycle headlights is expected to drive the market growth during the forecast period.
Adoption of adaptive lighting systems in two-wheeler
The adoption of adaptive lighting systems in two-wheelers to improve visibility at night or in low-light conditions is expected to create growth opportunities for the two-wheeler lighting market. Adaptive headlights adjust according to the changing roadway conditions such as curves to better illuminate the path ahead. For instance, in January 2022, J.W. Speaker partnered with ARCH Motorcycle to manufacture adaptive motorcycle headlight that automatically adjust light as the motorcycle leans into a corner. Consequently, the adoption of adaptive lighting systems to illuminate the path and objects on road is expected to drive the market growth during the forecast period.
Global Two-Wheeler Lighting Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 556.48 Million |
| CAGR (2023-2030) | 3.3% |
| By Vehicle Type | Motorcycles, Scooters, Mopeds, and Others |
| By Light Type | Halogen, Xenon, and LED |
| By Sales Channel | OEM and Aftermarket |
| By Application | Headlights, Rear Lights, Indicators, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Fiem Industries Limited, J.W. Speaker Corporation, Koninklijke Philips N.V., Motolight, Osram Licht AG, Stanley Electric Co. Ltd., UM Group, UNO Minda, Varroc Group |
| Geographies Covered | |
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, Cost Analysis, and Regional Trends & Forecast |
Two-Wheeler Lighting Market Segmental Analysis :
By Vehicle Type :
Based on the vehicle type, the market is segregated into motorcycles, scooters, mopeds, and others. The scooters segment accounted for the largest revenue share in the year 2022. The increasing adoption of scooters among consumers for urban mobility is driving the growth of two-wheeler lighting market. Scooters are popular for short-distance travel and are commonly used in congested urban areas due to the convenience, ease of use, and fuel efficiency offered by scooters.
The motorcycles segment is anticipated to emerge as the fastest-growing segment during the forecast period. The increasing adoption of headlights, taillights, sidelights, and indicator lights in motorcycles to provide enhanced visibility on roads is driving the growth of the market. The primary purpose of the motorcycle's headlights is to provide light in front of the motorcycle so that the rider is able to see in darker driving conditions. Moreover, the deployment of indicator lights in motorcycles to let other road users know the driver's intent to turn right or left is contributing to the growth of motorcycles segment. For instance, in October 2021, Bajaj Auto Ltd. launched two all-new Pulsar 250s featuring projector LED headlamps, assist & slipper clutch, and gear indicator to facilitate the next generation of sports biking. Furthermore, the adoption of LED taillights in motorcycles to provide visibility to the riders behind is accelerating the growth of two-wheeler lighting market.
By Light Type :
Based on the light type, the market is trifurcated into halogen, xenon, and LED. The LED segment accounted for the largest revenue share of 49.70% in the year 2022. LED lights consume less power that accounts for the improved fuel efficiency in two-wheeler. Moreover, LED lights are shockproof and vibration-resistant and have the tendency to withstand vibrations caused by the vehicle. Additionally, LED lighting enables innovative designs, such as integrated daytime running lights (DRLs) and dynamic turn signals to enhance the aesthetic appeal of the two-wheeler. For instance, in January 2022, Yamaha launched the FZS-Fi model featuring new LED taillights and LED flashers in metallic black, metallic deep red and solid gray colors. Thus, the energy-efficiency, long-lifespan, and vibration-resistant nature of LED lights is driving the growth of the market.
The Xenon segment is anticipated to register the fastest CAGR growth during the forecast period. Xenon lights in two-wheeler offer brighter and whiter illumination compared to halogen bulbs. Xenon bulbs provide better visibility and a longer lifespan than halogen bulbs. Xenon lights inhibit the beam from flickering, thereby providing a more focused beam for long-distance visibility. Therefore, the adoption of xenon lights in two-wheelers to provide focused and a sustained beam of light on roads is expected to drive market growth during the forecast period.
By Sales Channel :
Based on the sales channel, the market is bifurcated into OEM and Aftermarket. The OEM segment accounted for the largest revenue share in the year 2022. OEM lighting systems are installed by the manufacturers during the production of two-wheeler. The lighting systems are supplied directly to the vehicle manufacturers for installation in new two-wheeler. For instance, in April 2023, Lumileds launched Xperion 6000 Penlight and Headlight to boost flexibility, battery life, and vehicle output for automotive professionals in under-hood lighting systems. Therefore, OEM lighting systems ensure proper alignment, functionality, and aesthetics of the lighting systems to enhance the overall appeal and safety of two-wheeler.
The aftermarket segment is expected to witness the fastest CAGR during the forecast period. Aftermarket lighting products cater to various needs of the consumers including customization, upgradation, and replacement of existing lighting systems. Therefore, the growing trend to enhance the appearance, performance, and functionality of their two-wheeler is driving the growth of aftermarket segment. Aftermarket lighting systems include headlights, rear lights, and turn signals lights that purchased from different channels such as e-commerce websites and specialty stores.
By Application :
Based on the application, the market is trifurcated into headlights, rear lights, indicators, and others. The headlights segment accounted for the largest revenue share in the year 2022. Headlights are the primary lighting component of a two-wheeler that provides illumination for the rider to see the road ahead, especially during low-light conditions or at night. Two-wheeler deploy a wide range of headlights, including traditional High Intensity Discharge (HID) lights and LED lights to provide brightness and visibility on roads.
The rear light segment is anticipated to register fastest CAGR growth during the forecast period. Rear lights are located at the rear end of the two-wheeler in order to prevent rear-end collisions. Taillights play a crucial role in providing visibility to other travelers on the road, thereby reducing the chances of road accidents or collisions. Moreover, taillights are available in different intensities and colors according to the day and night applications. Consequently, the ability of taillights to provide bright illumination on roads is driving the growth of the market.
By Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Asia-Pacific accounted for a revenue share of USD 171.67 million in 2022 and is expected to reach USD 219.25 million in 2030, registering a CAGR of 3.4% during the forecast period. In addition, in the region, China accounted for the maximum revenue share of 29.8% in the year 2022. The increasing adoption of two-wheeler such as motorcycles and scooters among consumers for urban commuting is driving the growth of the market. The rising sales of two-wheeler lighting in Asia-Pacific due to the low maintenance and affordability is driving the demand for efficient lighting systems to avoid road accidents and collisions. Moreover, the growing number of road accidents in countries such as India is driving the need for two-wheeler lighting systems to enhance road safety. For instance, according to the Ministry of Road Transport and Highways, approximately 52,416 roads accidents by two-wheeler occurred in India in 2021. Therefore, the rising demand for riders' safety and security on roads is driving the growth of the regional market.
North America is anticipated to register the fastest CAGR growth during the forecast period. The growing adoption of energy-efficient vehicles such as electric two-wheeler lighting is driving the growth of the market. For instance, according to the Portland State University, 65% of U.S. electric bike owners prefer to purchase an electric bike in order to reduce the number of car journeys. Moreover, the rising demand for LED lighting systems in order to enhance the aesthetic appeal of the vehicle is further driving the growth of the regional market.
Top Key Players & Market Share Insights:
The two-wheeler lighting market is characterized by the presence of major players providing headlights, taillights, indicator lights, and sidelights to the domestic and international markets. Key players are adopting several business strategies such as research and development (R&D), product innovation and various business strategies that have accelerated the growth of the two-wheeler lighting market. Key players in the market include-
- Fiem Industries Limited
- J.W. Speaker Corporation
- UM Group
- UNO Minda
- Varroc Group
- Koninklijke Philips N.V.
- Motolight
- Osram Licht AG
- Stanley Electric Co. Ltd.
Recent Industry Developments :
- In September 2022, X2F collaborated with Covestro for the development of in-mold electronics for automotive lighting applications.
Key Questions Answered in the Report
What is Two-Wheeler Lighting? +
Two-Wheeler Lighting refers to the lighting system used in two-wheeler such as motorcycles, scooters, and bicycles to improve the visibility and safety on roads.
What specific segmentation details are covered in the two-wheeler lighting report, and how is the dominating segment impacting the market growth? +
By light type segment has witnessed LED lights as the dominating segment in the year 2022, due to energy-efficiency, long-lifespan and vibration resistive properties of LED lights.
What specific segmentation details are covered in the two-wheeler lighting market report, and how is the fastest segment anticipated to impact the market growth? +
The two-wheeler lighting market consists of segments including vehicle type, light type, sales channel, and application. Each segment in the market consists of a fastest-growing sub-segment according to the market trends. For instance, by sales channel segment has witnessed aftermarket as the fastest-growing segment during increasing demand for lighting systems for customization, upgradation, and replacement of existing lighting systems.
Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030? +
North America is expected to register fastest CAGR growth during the forecast period due to the increasing adoption of energy-efficient vehicles such as electric two-wheeler.
