Lighting for Agriculture Vehicle Market: Introduction
Lighting and light-signaling devices on agricultural tractors is a major safety requirement. According to the National Safety Council, approximately 15,000 farm vehicles are involved in highway crashes each year. Studies of collisions between slow moving vehicles and motor vehicles conclude that nearly 90% of collisions occur on dry roads during daylight hours. Motor vehicle drivers need to be able to identify slow moving vehicle in time to react safely. Installation of proper lighting and markings on agricultural vehicles can prevent accidents. A small investment in materials and time can help prevent common roadway collisions.
Global Lighting for Agriculture Vehicle Market: Competitive Landscape
November 10, 2017, lighting and electronics expert HELLA unveiled innovative solutions for agricultural machinery and agricultural trade at Agritechnica, the world’s largest international exhibition for agricultural engineering that took place in Hanover, Germany. HELLA presented the new VISIOTECH projection module as one of its highlights. The module is optimally suited also for daylight use due to its luminous intensity.
HELLA GmbH & KGaA
Established in 1899, HELLA is headquartered in Germany. The company offers a wide range of products for lighting agricultural, construction, special vehicles, and forestry machinery, from work lights to headlights, taillights, and from beacons to interior lights.
Planning to lay down future strategy? Perfect your plan with our Report Brochure
Since 2002, Hilux has been a leading manufacturer of lighting and
component solutions. Hilux is a leading provider of lighting and auto-component solutions. The company has a wide range of superior quality lighting for tractors and other agricultural vehicles. It is a top suppliers in the agriculture segment in India with two manufacturing locations in India.
Grote was established in 1901. The company offers a range of lights that are specifically designed for mounting on agriculture equipment. Grote has an extensive range of application-based products for agricultural vehicles such as Trilliant oval LED worklight and Trilliant T26 LED worklights.
Global Lighting for Agriculture Vehicle Market: Dynamics
Rise in demand for agricultural vehicles
Farming is a major source of income for several people across the globe. Rapid rise in population is likely to fueling the demand for agriculture products during the forecast period. This is expected to propel the demand for agricultural vehicles, which in turn is projected to boost the market.
Rise in demand to enhance safety
Installation of lighting and light-signaling devices for agricultural tractors is a safety requirement. Agricultural vehicles are slow-moving vehicles, which are involved in numerous accident cases on highways. Governments across the globe have enacted regulations mandating standard lighting and marking systems on agricultural vehicles in order to avoid such accidents. This initiative is likely to boost the maket for the lighting system of agricultural vehicles.
Looking for exclusive market insights from business experts? Request a Custom Report
Global Lighting for Agriculture Vehicle Market: Segmentation
Based on sales channel, the global lighting for agriculture vehicle market can be divided into:
- After Market
In terms of product type, the global lighting for agriculture vehicle Market can be classified into:
Based on application, the global lighting for agriculture vehicle Market can be segregated into:
- Head Light
- Tail Lamp
- Work Light
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.