NEWS
NEWS
global market analysis about off-road led lights for ATV lighting systems
30-04-2022
All-terrain vehicles are abbreviated as ATV, they can be driven in dessert,mountains and snow lands.The lighting systems of ATV are of two types in terms of front lighting and rear lighting. On the basis of application, the market has been segmented as Aftermarkets and OEMs 。
In recent years, there are more and more demands for LED work lamps for ATV as auxiliary lighting. Owing to the increasing number of ATV racing events in the world, the global ATV LED lights systems market is expected to keep significant growth from the year 2020 to 2027.
North America took the lead in the global all-terrain vehicle lighting systems market in 2021, accounting for about 50% share in terms of value, followed by Europe and Asia Pacific, respectively. Asia Pacific region is expected to achieve highest growth from the year 2022. In countries such as India, ATV sports is becoming popular. In March 2020, Auto Sports India organized ATV championship in three categories: Drag race, Solo Dirt Race, and Endurance Race in Goa.
OEM segment held the largest market share, contributing 65% market share in terms of value in 2021. OEMs in the ATV light market include LED work lights and led light bars in ATVs due to their energy-efficiency and cost-effective lighting solutions. Traditionally, halogen lights were installed in ATVs but they need more power consumption.
The global ATV vehicle lighting systems market was valued at US$ 118.4 Million in 2022 and is expected to reach a value of US$ 138.6 Mn by 2027 at a CAGR of 3.2% between 2020 and 2027.
There are some international players operating in ATV lighting systems market The quick development in LED technologies make the ATV led lightnings competitive. The following majors suppliers are investing in R&D for development of new technology and products by continuous innovation.
The following world-known players in the market of off-road led lights for ATV：
HELLA
Lazer Star Lights
PIAA Corporation
OSRAM
Polaris Industries
Vision X USA
LabTek Off-Road
Oracle Lighting
Xprite
Baja Designs
Plasmaglow
Warn Industries
Magneti Marelli
Nextech Industries
In recent years, there are more and more demands for LED work lamps for ATV as auxiliary lighting. Owing to the increasing number of ATV racing events in the world, the global ATV LED lights systems market is expected to keep significant growth from the year 2020 to 2027.
North America took the lead in the global all-terrain vehicle lighting systems market in 2021, accounting for about 50% share in terms of value, followed by Europe and Asia Pacific, respectively. Asia Pacific region is expected to achieve highest growth from the year 2022. In countries such as India, ATV sports is becoming popular. In March 2020, Auto Sports India organized ATV championship in three categories: Drag race, Solo Dirt Race, and Endurance Race in Goa.
OEM segment held the largest market share, contributing 65% market share in terms of value in 2021. OEMs in the ATV light market include LED work lights and led light bars in ATVs due to their energy-efficiency and cost-effective lighting solutions. Traditionally, halogen lights were installed in ATVs but they need more power consumption.
The global ATV vehicle lighting systems market was valued at US$ 118.4 Million in 2022 and is expected to reach a value of US$ 138.6 Mn by 2027 at a CAGR of 3.2% between 2020 and 2027.
There are some international players operating in ATV lighting systems market The quick development in LED technologies make the ATV led lightnings competitive. The following majors suppliers are investing in R&D for development of new technology and products by continuous innovation.
The following world-known players in the market of off-road led lights for ATV：
HELLA
Lazer Star Lights
PIAA Corporation
OSRAM
Polaris Industries
Vision X USA
LabTek Off-Road
Oracle Lighting
Xprite
Baja Designs
Plasmaglow
Warn Industries
Magneti Marelli
Nextech Industries
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