The anticipated size of the automotive light bars market in 2022 was USD 33.8 billion and is estimated to be USD 37.1 billion in 2023. Administrative measures are anticipated to significantly influence the growth of the global automotive light bars market.
Future Market Insights anticipates that the automotive light bars market is predicted to expand at a CAGR of 6.4% between 2023 and 2033, totaling around USD 69 billion by 2033.
The introduction of new ranges of automotive light bars by manufacturers is anticipated to drive sales in the market. In addition to this, the emergence of modular car detailing light bars has enabled customers to create customized lighting solutions in their vehicles, which is expected to push sales in the forthcoming years.
Increasing utilization of Light-emitting Diodes (LEDs) to achieve minimum energy use, compact lamp housing size, and bright beam patterns are a few other factors estimated to augment the market.
Future Market Insights predicts a comprehensive comparison and review analysis of the dynamics of the automotive light bars market based on the actual market trends of past years and forecasted market trends. Principally, the automotive light bars market is subjected to increased demand from customers for vehicle decoration and floodlight purposes.
Automotive light bars previously were only seen in high-power vehicles like tractors, JCBs, etc. Also, changes in fashion trends and growing popularity through social media tender their use as a general-purpose illuminating solution.
Key reasons for this change in growth rate is attributed to the fact that automotive light bars are now used in all types of vehicle including small bicycles to commercial trucks. Moreover, many vehicle manufacturers are making it a trend to add automotive light bars as a standard customizable feature to their models; ultimately enhancing the interior ambiance of the vehicle.
With low cost and easy availability of automotive light bars, they are likely to become popular in the coming years, creating profitable prospects for their suppliers. Expansion of the automotive industry as a whole might assist the market for automotive light bars. Consequently, the total sales might be benefited from the growth in sales of vehicles.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 33.8 billion |
| Projected Forecast Value (2023) | USD 37.1 billion |
| Projected Forecast Value (2033) | USD 69 billion |
| Growth rate | 6.4% CAGR |
| Forecast period | 2023 to 2033 |
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The global automotive light bars market expanded at a CAGR of 5.2% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 6.4% between 2023 and 2033. The automotive light bars market is expected to register a 5.3% CAGR between 2022 and 2029, predicts Future Market Insights.
While driving on roads with heavy traffic, car light bars play a significant role. Governments of various countries are implementing stringent lighting norms to prevent road accidents across the globe. According to World Health Organization (WHO), about 1.3 million people die because of road traffic crashes every year, while road accidents cost 3% of the gross domestic product in various countries.
Surging demand for premium vehicles with LED light bars owing to the increasing need for high aesthetic value, adaptive features, and low power consumption is estimated to bolster the market further.
Evolution of Unique Technologies
The evolution of unique technologies and the emergence of laser, OLED, and matrix LED lighting are set to drive growth in the market. In matrix LED light bars, the high beam consists of twenty-five separate segments, and these small LEDs work in combination with the lenses. Reflectors can be dimmed, deactivated, or activated according to the situation individually.
Rise in Sales of Premium Cars
Increasing sales of premium cars and SUVs with state-of-the-art features are anticipated to bolster the market. Moreover, the high demand for electric vehicles is also compelling automotive lighting manufacturers to develop new technologies for replacing conventional lights.
As per the European Environment Agency, electric car registrations were close to 1,325,000 units in 2020, up from 550,000 units in 2019 in the region. In just one year, the total number of new car registrations represented a surge of 3.5% to 11%. Similarly, the International Energy Agency stated that in 2019, around 2.1 million electric vehicles were sold across the globe. These numbers are anticipated to increase in the upcoming years, thereby accelerating the demand for automotive light bars.
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Expansion of the Logistics Sector to Augment the Adoption of Auto LED Light Bars
Increasing the disposable income of middle-class customers is estimated to fuel the sales of low-cost vehicles in China, which might propel the market. East Asia’s automotive light bars market is estimated to account for around 29.6% of the total market share whereas India is said to expand at a CAGR of 4.98%
High demand for commercial vehicles because of the notable expansion of the logistics sector is projected to propel the market in Japan holding a value share of 5.77%. The region has more than 782 million online consumers and Australia holds a market share of 4.6%. Trends are expected to continue over the forecast period, thereby boosting the demand for auto LED light bars.
Development of Eco-friendly Vehicles to Accelerate Adoption of Car Detailing Light Bars
Increasing research and development activities conducted by automotive component suppliers and car manufacturers are likely to boost growth in Germany holding a market share of 29.6%. Europe’s automotive light bars market is projected to hold around 19.2% of the share, finds FMI.
Key players in the United Kingdom are focusing on the development of cost-effective and eco-friendly vehicles with novel designs to keep up with the high customer demand holding a market share of 16.77%.
Podbike, a manufacturer of sustainable vehicles based in Stavanger, announced that it is expected to deliver Frikar, its first-ever bike car this year. Compared to the conventional commuter electric bicycle, this new bike car provides improved aerodynamics and all-weather protection.
Driven by the aforementioned factors, Euope’s automotive light bars market is set to expand at a considerable pace over the forthcoming years.
High Demand for Cabin Comfort to Drive Sales of Car Interior Light Bars
The growing need for cabin comfort and luxury features in vehicles is projected to fuel the market in the United States where it holds a market share of 22.6%. North America’s automotive light bars market is anticipated to account for about 38.1% of the share.
Increasing focus on developing new interior lighting systems in electric vehicles driven by styling, comfort, communication, and safety demands is likely to spur growth in the United States market. Also, the introduction of cutting-edge lighting technologies, such as area backlighting with hidden-until-lit effects, laser-based lighting, smart LEDs, guiding materials for 3D light patterns on demand, smart functional surfaces, and light projections are anticipated to complement the growth of the market.
The E-commerce Sector is Adopting Heavy Commercial Vehicles with Color Changing Light Bars
The heavy commercial vehicle segment is set to retain its leading position in the automotive light bars market. The rapid expansion of the e-commerce, logistics, and construction industries across the globe is one of the key factors expected to drive growth in this segment with a market share of 44.8%. Such industries often engage in the transportation of goods from one place to another even during night-time, they prefer color-changing light bars for their vehicles to increase visibility from a long distance and to avoid accidents.
Surging Adoption of LED Light Bars in Emergency Vehicles to Boost Growth
The LED segment is expected to dominate the automotive light bars market. Growth is attributable to the ability of LED light bars to produce light per watt, as compared to other technologies with a market share of 41.3%.
Bars take less than a microsecond to reach full brightness and are being used in emergency vehicles, such as fire trucks, police department cars, and ambulances. LED light bars can be easily installed on the floors to provide an exclusive look to the inner side of large vehicles. Further, the high energy efficiency and long life span of these bars are chief factors expected to continue boosting sales in this segment.
Expansion of the Automotive Aftermarket to Propel Sales of Car Light Bars
The aftermarket segment is estimated to remain at the forefront in the automotive light bars market over the forecast period with a market share of 53.1%. Additionally, high competition among new entrants and current players is anticipated to propel the expansion of the automotive aftermarket worldwide, thereby fueling sales in the segment.
Companies operating in the locomotive aftermarket, especially in developing countries, are gradually inclining toward the adoption of technologically advanced automotive systems.
Launch of Innovative Interior Lighting Systems to Bolster Adoption of Auto LED Light Bars
The interior segment is projected to lead the automotive light bars market over the forecast period with a value share of 33%. Also, the growing preference for customization of the vehicle’s interiors and exteriors among millennials worldwide is likely to accelerate the growth in the segment.
The easy availability of numerous state-of-the-art LED light bars for car interiors is estimated to drive the segment’s growth. In January 2022, for instance, Kia unveiled that its fourth model named Carens will be launched around February-March in India and might be equipped with a 64-color ambient lighting package that can be linked to the multi-drive modes to match specific moods. Such innovations in terms of interior lighting are likely to boost the growth in this segment.
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Some of the prominent players operating in the global market are:
Some of the Important Developments of the Key Players in the Market:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.4% from 2023 to 2033 |
| Market value in 2023 | USD 37.1 billion |
| Market value in 2033 | USD 69 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Country, By Type, By Technology, By Sales, By Installation |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and the Pacific, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of the Middle East and Africa |
| Key Companies Profiled | HELLA GmbH & Co. KGaA; OSRAM Licht AG; Federal Signal Corporation; Truck-Lite Co., LLC; Grote Industries, Inc.; Whelen Engineering Company Inc.; Ecco Safety Group; Lumex Industries; PIAA Corporation; Putco Inc.; KC HiLiTES Inc. |
| Customisation Scope | Available on Request |
The market is valued at USD 1.6 billion in 2023.
Ecco Safety Group and PIAA Corporation are key market players.
Heavy commercial vehicles are likely to remain preferred through 2033.
Players opt for collaborations, acquisitions, and partnerships.
Germany, China, and the United States dominate the Asian market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Passenger Vehicles 5.2. Light Commercial Vehicles 5.3. Heavy Commercial Vehicles 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Halogen 6.2. HID 6.3. LED 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. OEMs 7.2. Aftermarket 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Installation 8.1. Front 8.2. Side 8.3. Rear 8.4. Interior 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. HELLA GmbH & Co. KGaA 19.2. OSRAM Licht AG 19.3. Federal Signal Corporation 19.4. Truck-Lite Co., LLC 19.5. Grote Industries, Inc. 19.6. Whelen Engineering Company Inc. 19.7. Ecco Safety Group 19.8. Lumex Industries 19.9. PIAA Corporation 19.10. Putco Inc. 19.11. KC HiLiTES Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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Automotive Light Bars Market
