Global Motorcycle Lighting Market Will Grow at 13% CAGR Through 2021

Technavio analysts forecast the global motorcycle lighting market to grow at a CAGR of almost 13% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global motorcycle lighting market for 2017-2021. To calculate the market size, Technavio analysts considered the sales revenue of motorcycle lighting units shipped across all regions.

The motorcycle lighting market is highly competitive as vendors are introducing many new innovative technologies to improve safety and performance and enhance the appeal of the motorcycle. The increased focus on motorcycle safety and the increased demand for better road illumination by customers are the major drivers of the market growth.