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Global automotive off-road lights market estimation from 2021 to 2025

28-08-2021
According to some market survey made by report linker, the automotive off-road led lights market and it is estimated to grow by $ 4.39 bn during 2021-2025, progressing at a CAGR of almost 9% during the forecast period.The market is driven by the growing market requirement for SUVs and pick-up trucks and rising preference for durable and energy-efficient, off-road led lighting. Also, growing demand for SUVs and pick-up trucks is expected to facilitate the growth of the market as well. 

With increased production and sales of off-road vehicle across the globe, the demand for vehicles equipped with off-road led lights has increased. This has led the vehicle manufacturers to develop and install latest components in the upcoming vehicle models. For instance, companies such as Hella KGAA HUECK & Co. is developing and installing new lighting system equipped with different features such as communicating to the pedestrians to ensure safety. Developing countries such as Brazil, Russia, India, and China (BRIC) are undergoing a rapid growth in the sales of off-road vehicles. The rising demand for off-road vehicle in developing nations has resulted in the growth of off-road lighting market.
The market growth of off-road vehicles on international market from 2021 to 2025
Basically,the automotive off-road lighting we cover is Halogen Off Road Lights,LED Off Road Lights and HID Off Road Lights.

On the basis of end user,the automotive off-road led lighting market is categorized into  Aftermarket and OEMs.By geography, it is divided into North America, Europe, APAC, South America, MEA. Currently,some leading players in this market include auxbeam,cutequeen,rigid industries,nilight,C.G. Motorsports Inc., Grote Industries LLC, , HELLA GmbH and Co. KGaA, KC HiLiTES Inc., Lazer Lamps Ltd., Oracle Lighting, OSRAM GmbH, Truck-Lite Co. LLC, and Valeo SA.

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