India motorcycle day time running
lights market is expected to grow at a formidable CAGR during the forecast period.
The India motorcycle day time running lights market is driven by government
mandate for two wheelers coming with automatic headlamp on (AHO) feature, as a
major safety concern for riders in India. Innovations in LED technology coupled
with benefits of energy efficiency, safety, and aesthetics offered by DRLs is
positively influencing the growth of market during the forecast period.
The sales of motorcycles were high
in 2020, due to the sudden outbreak of pandemic COVID-19 disease, the world is
affected, majority of the industries are shut down and operations across
different enterprises are also compromised. However, growing traffic congestion
in metro cities and high fuel efficiency of two wheeler are projected to drive
the market for motorcycle day time running lights in the coming years.
The India motorcycle day time
running lights market is segmented based on type,
application, company and region. Based on type, the market is segmented into >150
CC, 150- 250CC, 250-500cc, 500–800cc & >800cc. Out of which, the 250-500cc
type segment dominated the market in terms of highest revenue until 2019 and is
anticipated to maintain its leading position during the forecast period as well
which can be attributed to the fact that most of the motorcycle comes with 250-500cc.
The major players operating in the
motorcycle day time running lights market are Triumph Motorcycles (India)
Private Limited, India Kawasaki Motors Private Limited, Ducati India Private
Limited, DSK Benelli India, DSK Hyosung Limited, Suzuki Motorcycle India Pvt.
Ltd., Hero, Bajaj, Yamaha, BMW India Private Limited and others. Major
companies are adopting competitive strategies include mergers & acquisitions,
partnership, agreements, and new developments in order to expand their
geographic reach and to increase the customer base.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and estimate the market size of
India motorcycle day time running lights market from 2015 to 2018.
- To estimate and forecast the market size of
India motorcycle day time running lights market from 2019 to 2025 and
growth rate until 2025.
- To classify and forecast India motorcycle day
time running lights market based on type,
application, company and regional distribution.
- To identify dominant region or segment in the
India motorcycle day time running lights market.
- To identify drivers and challenges for India motorcycle
day time running lights market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in
India motorcycle day time running lights market.
- To conduct pricing analysis for India motorcycle
day time running lights market.
- To identify and analyze the profile of leading
players operating in India motorcycle day time running lights market.
- To identify key sustainable strategies adopted
by market players in India motorcycle day time running lights market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the
manufacturers, distribution channels and presence of all major players across
the country.
TechSci Research calculated the market size of India motorcycle day time running
lights market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company representatives
and externally validated through analyzing historical data of these product
types and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Motorcycle day time running
lights manufacturers
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to motorcycle day time running lights
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, India motorcycle
day time running lights market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- India Motorcycle Day Time Running Lights Market,
By Type:
- >150 CC
- 150- 250CC
- 250-500cc
- 500–800cc
- >800cc
- India Motorcycle Day Time Running Lights Market,
By Application:
- India Motorcycle Day Time Running Lights Market,
By Region:
- North Region
- East Region
- West Region
- South Region
Competitive
Landscape
Company Profiles: Detailed analysis of the
major companies present in India motorcycle day time running lights market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
India motorcycle day time
running lights market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]