Automotive light bars are cost-effective vehicle lights that are substantially fitted in commercial vehicles. Automotive light bars, as considered under the scope of the research, have been mainly categorized on the basis of vehicle type, technology, installation, sales channel, and region/country.
The global automotive light bars market was pegged at US$ 664.3 Mn in 2014. According to Future Market Insights’ study, titled, ‘Automotive Light Bars Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029’, the market is expected to be valued at over US$ 800 Mn at the end of 2019. The automotive light bars market is expected to grow at a CAGR of more than 5 per cent during the projected period of 2019-2029, and reach a value of nearly US$ 1,400 Mn by 2029 end.
Light commercial vehicles (LCVs) are expected to account for over half of the global automotive light bars market, as commercial vehicles run more miles and late nights, thus, visibility and cost-efficiency are important factors. Also, the inclination of long-distance commuters towards commercial vehicles is anticipated to strengthen the unit sales of automotive light bars during the forecast period. Technology-wise, HID xenon and LED type automotive light bars will reportedly hold over 25 per cent of the global automotive light bars market share. LED automotive light bars offer powerful illumination that is particularly optimum for off-road applications.
On the basis of installation, the automotive light bars market has been segmented into front, side, rear, and interior. Since automotive light bars are mostly used as headlamps or fog lights, front installation of automotive light bars is anticipated to retain prominence in the global automotive light bars market.