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Pharmacy benefit management market
HEADLIGHT TESTER MARKET REPORT OVERVIEW
global headlight tester market size was USD 125.38 million in 2021 and market is projected to touch USD 189.75 Million By 2031, exhibiting a CAGR of 4.23% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower than anticipated demand across all regions compared to pre-pandemic levels.
The position and durability of integrated headlights in automobiles are evaluated using a test method known as a headlight tester in the automotive industry. The purpose of this test is to confirm that vehicle lighting satisfies the minimal requirements established by the automotive industry. The market's expansion can be due to rising consumer demand for car safety features, increased public knowledge of vehicle safety standards, and rising need for sophisticated headlight tests.
COVID-19 Impact: Lockdown Shackled the Market and Affected the Manufacturing Activities
As a result of the epidemic's unexpected emergence, some countries instituted crucial lockdown legislation, which caused delays in the import and export of the tester. Based on producers, the availability of raw materials, and the halt of construction activities imposed by the lockdown clause, the headlight tester market share is significantly impacted. In order to define development for the company's major stakeholders' involvement during the pandemic, the research gives the sector.
LATEST TRENDS
"Technological Innovations and Advancements by Key Players to Attract the Consumers"
The automated headlight tester market is anticipated to grow quickly in the near future thanks to technological developments in the automotive industry and product breakthroughs in testing equipment that have replaced manual testers with automatic testers. For instance, Bosch introduced a new digital headlight testing for automobiles in 2014 that could test all different types of light sources, including filament, halogen, xenon, and LED. This tester has the ability to precisely define the cut-off line and filter out the blue fringe. Additionally, the introduction of improved headlamp systems for car safety by major automakers has raised consumer demand for testers.
HEADLIGHT TESTER MARKET SEGMENTATION
- By Type
Based on type, the market is classified into automatic, manual and others.
- By Application
Based on application, the market is classified into two-wheelers, heavy vehicles, light vehicles and others.
DRIVING FACTORS
"Rapid Growth of Vehicle Sales to Compel the Market Growth "
One of the key drivers of the headlight tester market share is the worldwide increase in vehicle sales, which has led to a rise in demand of the testers. For instance, the International Organization of Motor Vehicle Manufacturers (OICA) figures show that 94 million automobiles were sold globally in 2016, and 96 million vehicles were sold globally in 2017. Therefore, the government launched initiatives globally can drive the headlight tester market growth.
"Booming Heavy Vehicles and Passenger Cars Utilization to Exponentially Drive the Market Growth"
the declining cost of head-up displays, the increase in disposable income and consumers' demand for higher levels of safety, and investors. Buses, trucks, and coaches are examples of heavy automobiles. When it comes to visibility during nighttime driving or journeys, these vehicles have certain standards. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), 94 million vehicles were produced worldwide in 2016, with 72 million of those being passenger automobiles, accounting for about 75% of all vehicles produced worldwide. Thus, increased demand is being caused by expanding vehicle production, which is propelling headlight tester market growth globally.
RESTRAINING FACTORS
"Legal Regulations by Government to Hamper the Market Demand"
In most nations, headlights are subject to legal regulation and must adhere to specific minimum standards in order to be considered lawful. To determine whether a headlight complies with these requirements, utilise a headlight tester. The makers of automobiles also employ them as quality assurance tools.
HEADLIGHT TESTER MARKET REGIONAL INSIGHTS
"North America to Lead the Market with Rising Demand from Automobile Sector"
Due to rising passenger car sales in the region, North America, which currently accounts for the highest revenue share of the global headlight tester market, is predicted to have moderate market expansion. In terms of passenger automobile sales in North America, the U.S. led the region in 2017. The Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that over 11 million passenger automobile units were sold globally in 2017; of these, approximately 6 million were sold in the United States. Thus, as more people in this nation drive personal vehicles, there is an increase in need for headlight testers in this area. Furthermore, testing of automotive components of vehicles before they are introduced to the market is required by strict government norms and regulations. This is done in an effort to lower the number of traffic-related fatalities, injuries, and injuries. This factor will in turn increase the demand for headlight testers in this particular region.
KEY INDUSTRY PLAYERS
"Notable Players to contribute towards the market growth"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.
List of Market Players Profiled
- Robert Bosch GmbH (Germany)
- Snap-on Equipment (U.K.)
- Anzen Motor Car (Japan)
- ATT Nussbaum Prüftechnik GmbH EN (Germany)
- MAHA Maschinenbau Haldenwang GmbH & Co. KG (Germany)
- Capelec (France)
- TECNOLUX SRL (Italy)
- L.E.T. Automotive (Belgium)
- BM Autoteknik A/S (Denmark)
- Foshan Nanhua Instrument Co., Ltd. (China)
- Tianjin Shengwei (China).
INDUSTRY DEVELOPMENT
- March 2019: A Sany excavator was used by Nanhua Electronics to test the new model LW15 LED work lights. A novel design for engineering machinery, the Model LW15 LED work light has a compact structure, an increase in luminous flux from 1600 lumens to 1800 lumens, and improves illumination performance. It can totally replace the original Nanhua LW21 work lights on the excavator.
- October 2021: Ansys simulation solutions helps Ford speed up the creation of their predictive smart headlights, enhancing consumer nighttime driving. The high realism, physics-based lighting capabilities of Ansys are valued by Ford engineers because they enable them to digitally tune and evaluate headlight performance while greatly minimising the need for expensive, actual nighttime driving.
- April 2022: An electronic tester with photodiodes and an electronic board is now available from Automechanika. New photocell technology on the electronic board of the headlight tester enables reading of all headlamp types.
REPORT COVERAGE
The report covers the information on the advancement outlooks with new inventions and SWOT analysis.The market elements situation, with the development areas of the market in the upcoming years. Market segmentation information including the subjective and quantitative research including the effect of financial and strategy viewpoints are discussed in the report. The report also disseminates the information on the regional and nation level assessment incorporating the demand and supply dominators that are affecting the development of the market. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the forecasted period is listed in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 125.38 Million in 2021 |
Market Size Value By |
US$ 189.75 Million by 2031 |
Growth Rate |
CAGR of 4.23% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the headlight tester market expected to touch by 2031?
The global headlight tester market is expected to reach USD 189.75 Million By 2031.
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What CAGR is the headlight tester market expected to exhibit by 2031?
The headlight tester market is expected to exhibit a CAGR of 4.23% by 2031.
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Which are the driving factors of the headlight tester market?
Rising sales of vehicles and the booming heavy vehicles and passenger cars utilization are the driving factors of the headlight tester market growth.
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Which are the top companies operating in the headlight tester market?
Anzen Motor Car, BM Autoteknik, Robert Bosch GmbH, Capelec, Chuo Electronic Measurement, Foshan Analytical Instrument, L.E.T. Automotive, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Mingquan Scien-Tech, Beissbarth GmbH, and Nussbaum Automotive Solutions and others are the top companies operating in the headlight tester market.