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Global Automotive Lighting Market Growth 2019-2024
SKU ID : LPI-13806785 | Publishing Date : 01-Feb-2019 | No. of pages : 162
Automotive lighting is a vehicle lighting tools which includes headlights, tail lights and turn signals and the like. At the same time, automotive lighting can press type can be divided into halogen lamp, LED, HID.
On the basis of technology, the automotive lighting market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2016 and is expected to grow at a CAGR of over 6% from 2016 to 2022. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.
Asia Pacific automotive lighting market accounted for over 42% of the overall share in 2016. Increased automobile production across countries such as China, India, Japan, and Korea combined with rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across this region.
Europe is anticipated to have steady growth owing to increasing adoption in the brake, reverse, interior lights, and signal indicators. Further, environmental regulations mandate the installation of LEDs across various applications. The North American regions are expected to have substantial demand for LED lights in the automotive sector, majorly supplemented by their increasing application in the interior segment.
According to this study, over the next five years the Automotive Lighting market will register a 8.0% CAGR in terms of revenue, the global market size will reach US$ 4000 million by 2024, from US$ 2520 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Lighting business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Lighting market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Lighting value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Halogen Lighting
HID Lighting
LED Lighting
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Koito
Magneti Marelli
Valeo
Hella
Stanley Electric
Ichikoh
ZKW Group
SL Corporation
Varroc
TYC
DEPO
Xingyu
Hyundai IHL
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Lighting consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Lighting market by identifying its various subsegments.
Focuses on the key global Automotive Lighting manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Lighting with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Lighting submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
On the basis of technology, the automotive lighting market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2016 and is expected to grow at a CAGR of over 6% from 2016 to 2022. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.
Asia Pacific automotive lighting market accounted for over 42% of the overall share in 2016. Increased automobile production across countries such as China, India, Japan, and Korea combined with rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across this region.
Europe is anticipated to have steady growth owing to increasing adoption in the brake, reverse, interior lights, and signal indicators. Further, environmental regulations mandate the installation of LEDs across various applications. The North American regions are expected to have substantial demand for LED lights in the automotive sector, majorly supplemented by their increasing application in the interior segment.
According to this study, over the next five years the Automotive Lighting market will register a 8.0% CAGR in terms of revenue, the global market size will reach US$ 4000 million by 2024, from US$ 2520 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Lighting business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Lighting market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Lighting value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Halogen Lighting
HID Lighting
LED Lighting
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Koito
Magneti Marelli
Valeo
Hella
Stanley Electric
Ichikoh
ZKW Group
SL Corporation
Varroc
TYC
DEPO
Xingyu
Hyundai IHL
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Lighting consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Lighting market by identifying its various subsegments.
Focuses on the key global Automotive Lighting manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Lighting with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Lighting submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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