Press Release

Motorcycle Day Time Running Lights Market to Grow with a CAGR of 3.89% in India through to 2029

The major drivers for the India Motorcycle Daytime Running Lights Market are the increasing focus on road safety and regulatory mandates that encourage the adoption of DRLs in motorcycles.

 

According to TechSci Research report, “India Motorcycle Day Time Running Lights Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Motorcycle Day Time Running Lights Market stood at USD 530 Million in 2023 and is anticipated to grow with a CAGR of 3.89% in the forecast period, 2024-2029. The India Motorcycle Day Time Running Lights market is driven by several significant factors. Firstly, the increased emphasis on vehicle safety has resulted in a higher demand for day time running lights. These lights, with their superior visibility-enhancing capabilities, have proven to be effective in reducing the risk of accidents, especially during daytime hours when visibility conditions may be challenging. Moreover, stringent government regulations mandating the use of such lights for safety purposes have played a crucial role in propelling market growth, ensuring that motorcycles on Indian roads are equipped with the necessary safety features.

Additionally, the rapid expansion of the motorcycle market in India can be attributed to multiple factors. Rising disposable incomes, combined with the affordability and fuel efficiency of motorcycles, have made them a popular choice for commuting in high-traffic urban areas. The convenience and maneuverability of motorcycles in congested city streets have significantly contributed to this growth. Furthermore, the trend of motorcycle customization is gaining traction among Indian riders, with Day Time Running Lights being seen as an appealing addition or upgrade to enhance both safety and style. This trend of personalization and individuality in motorcycle ownership is further fueling the market growth, as riders seek to make their motorcycles uniquely their own. In summary, the India Motorcycle Day Time Running Lights market is witnessing robust growth due to the increased focus on vehicle safety, stringent government regulations, the expanding motorcycle market driven by rising incomes and urban commuting needs, and the growing trend of motorcycle customization, which adds both safety and style elements to the vehicles. The confluence of these factors presents an exciting opportunity for manufacturers and suppliers operating in this market to cater to the evolving demands of Indian motorcycle enthusiasts while ensuring their safety on the road.

 

Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on "India Motorcycle Day Time Running Lights Market 

 

The India Motorcycle Daytime Running Lights (DRLs) Market is a rapidly evolving segment of the automotive industry, driven by a strong emphasis on road safety. DRLs are integrated into motorcycles to enhance their visibility during daylight hours, thus reducing the risk of accidents by making them more noticeable to other road users. This market overview provides a comprehensive look at the key aspects, drivers, challenges, and trends that define the India Motorcycle DRLs Market. One of the fundamental aspects of this market is its unwavering focus on safety enhancement. Safety has emerged as a paramount concern for regulatory bodies, manufacturers, and consumers alike. DRLs have become a crucial safety feature integrated into motorcycles to improve visibility on the road, ultimately reducing the risk of accidents. This emphasis on safety underscores the pivotal role of DRLs in enhancing road safety in India. Regulatory mandates and safety standards have played a pivotal role in driving the adoption of DRLs in India. Government authorities have recognized the safety benefits of DRLs and have introduced regulations that make them mandatory for motorcycles. This regulatory push ensures that all new motorcycles on the market comply with safety standards and incorporate DRL technology. As a result, regulatory mandates are driving the widespread adoption of DRLs, creating a safer road environment.

Consumer awareness about the importance of road safety and the role of DRLs is on the rise in India. Many motorcycle owners and riders have become increasingly conscious of safety issues and are actively seeking motorcycles equipped with DRLs. This heightened awareness reflects a shift in consumer preferences, with a growing willingness to prioritize safety features in their vehicle choices. As more consumers understand the safety advantages of DRLs, the demand for motorcycles equipped with this technology continues to grow.

Technological advancements, particularly in LED (Light Emitting Diode) lighting, are shaping the landscape of the India Motorcycle DRLs Market. LED DRLs offer energy efficiency, a long lifespan, and high visibility, making them a preferred choice for manufacturers. This technological progression makes DRLs not only safer but also more reliable and cost-effective. Manufacturers are actively integrating advanced technologies into DRL systems, further enhancing their efficiency and performance.

In conclusion, the India Motorcycle Daytime Running Lights (DRLs) Market is characterized by its unwavering focus on safety enhancement, the influence of regulatory mandates and safety standards, increasing consumer awareness about road safety, and the significant technological advancements, particularly in LED lighting. As road safety concerns continue to mount and as consumers, manufacturers, and regulatory bodies prioritize safety, the India Motorcycle DRLs Market is expected to grow and evolve, contributing to enhanced road safety and reduced accidents on Indian roads.

 

Major companies operating in India Motorcycle Day Time Running Lights Market are:

  • Hero MotoCorp Ltd.
  • Bajaj Auto Ltd.
  • TVS Motor Company Ltd.
  • Royal Enfield (Unit of Eicher Ltd.)
  • Honda Motorcycle and Scooter India (HMSI)
  • Yamaha Motors India
  • Suzuki Motorcycle India Private Limited
  • Mahindra Two Wheelers Ltd.

 

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“There are several significant drivers for the India Motorcycle Day Time Running Lights market. A major driver is the increased emphasis on vehicle safety, which has led to greater demand for day time running lights, known to improve visibility and reduce accidents. Furthermore, stringent government regulations enforcing the use of such lights for safety are also propelling market growth. The rapid expansion of the motorcycle market in India, due to rising disposable incomes and the utility of motorcycles for commuting in high-traffic urban areas, is another key factor. Lastly, the growing trend of motorcycle customization and the attractiveness of Day Time Running Lights as an addition or upgrade are contributing to the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Motorcycle Day Time Running Lights Market India Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029, Segmented Market By Type (C-EPS, P-EPS and R-EPS), By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings), By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles), By Mechanism (Collapsible EPS and Rigid EPS), By Country, Competition”, has evaluated the future growth potential of India Motorcycle Day Time Running Lights Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Motorcycle Day Time Running Lights Market.      


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Automotive | Nov, 2023

The major drivers for the India Motorcycle Daytime Running Lights Market are the increasing focus on road safety and regulatory mandates that encourage the adoption of DRLs in motorcycles.

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