Mobility Foresights

Global Tractor Lighting Market 2021-2026

April 12, 2021
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GLOBAL TRACTOR LIGHTING MARKET

KEY FINDINGS

  • The key factors driving the growth of the LED lighting market include the rise in global LED penetration, falling prices of LED lighting, phasing out of conventional lighting, rising industrial demand for power-efficient lighting and favorable government policies.
  • The lighting fixture market will have exponential growth along with the LED market until the standardization of high light quality from low quality of luminous.
  • Replacing traditional lighting technology with energy-efficient technologies such as LED is therefore much easier and represents much sounder economics for reducing CO2 emissions than other CO2 reduction activities.
  • Agricultural tractor registrations in Europe were decreased by 12% for first six months of 2020 compared to 2019.

 

         

INTRODUCTION

As the agricultural industry is inclining towards proper illumination in the operating environment and the market is currently undergoing radical change with exponential development in rural areas, which is expected over the next five years and agricultural industry has a drive towards greater energy efficiency.

 

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The western market is embracing the LED technology and across worldwide due to its high design flexibility making it one of visible cutting-edge technology.

 

TRACTOR LIGHTING MARKET DYNAMICS

The lighting industry is very fragmented and complex, as the lighting in tractors is used in so many different ways and enhancements have been done over past years. Tractors consist of front lights, work lights, floodlights, sidelights, Cab lights and interior lights. Work-site conditions will be ruthless for the lights; therefore, the products will be weatherproof and should have Corrosion-resistant fixtures. 

Government policy regulators around the world are encouraging the use of LEDs in Tractors and Construction equipment. Thus today, the main drivers for LED lighting came largely on the back of government decisions, such as bans of inefficient lighting by the European Union, the United States, Canada, India and the Chinese government’s decision to adopt LED ahead of its planned ban. Government initiatives, however, will play a decreasing role during the next years. Then it is expected that the growth will be supported by private initiatives such as the rebates offered by utilities in these countries.

OEMs in developing countries are pressurized for a rapid shift to new regulations of lower emissions and ought to have better illumination on operating site and resulting price hikes on newer models. Companies offer a full lighting package as optional and is prescribed as an essential in western countries.

 

 

TRACTOR LIGHTING MARKET SIZE AND FORECAST

                                                                                                                

The global tractor lighting market is estimated at $XX Million in 2020 and growing at XX% CAGR till 2025.

 

COMPETITIVE LANDSCAPE

John Deere’s 400, 600 and 9 series with new lighting options, including LED packages, are available for customers to aid visibility and Ultimate visibility package featuring 24 work LED and with eight conveniences LED lights.

 

Case IH introduced new Quadtrac and Steiger AFS Connect series tractors for the 2021 season with specific features for the European market and incorporating new technology designed to ease the data recording and transfer requirements central to modern large-scale farming along with a 360-degree performance lighting package programmable to suit operator preferences and they also added new tractor models to its product line-up for 2021. The company has introduced three new models to its Farmall family of tractors, featuring four cab-mounted work lights that provide ample lighting for maximum visibility.

 

 

Fendt, a brand of AGCO Corporation, introduces the Fendt 900 Vario MT Series track tractors. New to the expanding line of Fendt tractors for North America, delivering a high level of track tractor performance, ride comfort and operating efficiency, an LED light package adds more lights at the rear of the tractor, positioned to provide a clear view of each end of a 24-row planter. Porch lighting on the cab provides a safe view of the area for operators.

 

 

COMPANIES PROFILED

 

 

Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
21 Product installation rate by OEM, 2021
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 M&A in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2021
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix