The filament lamps for motorcycles or other motor vehicles market in Bulgaria reached a volume of 2.8823 million in 2023. Over the past decade, the market showed fluctuations, with significant growth from 2013 to 2018, a decline in 2019 and 2020, and a recovery from 2021 onward. The year 2023 marked a positive year-on-year growth of 4.9%, although the CAGR over the past five years was a modest 0.17%.
Future trends to watch for:
- The rise of LED and energy-efficient lighting technologies that may impact filament lamp demand.
- Changes in consumer preferences and regulatory measures affecting the automotive lighting market.
- Economic factors influencing vehicle sales and consequently the need for automotive lamps.