Off Highway Vehicle Lighting Market Size, Share & Forecast 2029
The Off-Highway Vehicle Lighting Market was estimated around USD 927 million in 2020 and is predicted to grow at a CAGR of 7.3% over the forecast period (2021-2028). The factors driving growth of the Off-Highway Vehicle Lighting Market includes growing demand for construction equipment, Government regulations regarding vehicle lights and workspace safety, rise in Government’s spending on mining activities and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, rising focus on reducing greenhouse gas emissions, increased availability of advanced machineries and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic mergers and collaborations on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth. However, g...