The tungsten halogen filament lamps market for motorcycles and motor vehicles in Belgium had a value of 26.642 million Euros in 2023. Over the last decade, the market has been volatile, fluctuating annually with a notable decline in 2018. Recently, the value has bounced back slightly with modest annual growth rates above 0.5% in the last two years. A five-year Compound Annual Growth Rate (CAGR) reveals a gradual positive trend at 1.9%.
Future trends to watch for include:
- Increased adoption of LED and other energy-efficient lighting solutions could hinder tungsten halogen lamp demand.
- Regulatory changes promoting eco-friendly vehicle components.
- Potential penetration of electric motorcycles and cars affecting the lamp types used.
