Automotive Fog Lights Market: 2018 Global Industry Sales, Statistics, Size, Share, Competitive Analysis, Growth Factors, and Forecast To 2023

Automotive Fog Lights Market Research Report 2018 expands Global Automotive Fog Lights Market by Size, Share, Growth Drivers, Restraints, Key Players, and Upcoming Opportunities with Regional Outlook to 2023.  Report segments Automotive Fog Lights Market by scale (small, medium and large), by type (software, hardware), by application (automotive, healthcare, telecommunication, consumer electronics, aerospace and defense). Global Automotive Fog Lights Market revenue is forecast to reach USD 3,928.5 million in 2023 At a CAGR 6.92%.

Automotive Fog Lights Market Companies Reviewed Are: General Electric (U.S.), Magneti Marelli (Italy), Stanley Electric Co. Ltd. (Japan), HELLA KGaA Hueck & Co (Germany), OSRAM (Germany), Valeo S.A. (France), Warn Industries, Inc. (U.S.), Autolite (India) Ltd. (India), PIAA Corporation (U.S.) and J.W. Speaker (U.S.).

Automotive Fog Lights Global Market Highlights:

This study provides an overview of the market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the market by its technology, by vehicle type, by end market and regions.

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The global Automotive Fog Lights Market has been experiencing substantial growth in recent years primarily due to sales of new vehicles. The increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, which in turn has increased the demand for fog lights in automotive industry. Another factor driving the vehicle sales, is the macroeconomic development and the rise in the global middle class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicle sold were 85.6 million while in 2016 it was 93.8 million.

On the vehicle type, the market is bifurcated as passenger car, light commercial vehicle and heavy commercial vehicle. Passenger car segment expected to witness highest growth in global Automotive Fog Lights Market with share of around 63% in 2016. The growing sales of passenger cars is significantly boosting the market. Light commercial vehicles accounted the second largest share in 2016. The major factors driving the market for light commercial vehicles is the increasing demand for pickup trucks, vans and others for commercial purpose.

The major restraint for the market is the underdeveloped aftermarket services which can be used by the end users for product support, warranties, contracts, and parts procurements. The life time of cars is long and carmakers don't like changing electronic components too often. On an average, the life cycle of fog lights in an automobile is very long, approximately 15-20 years. On the other hand, globally, aftermarket services for Automotive Fog Lights Market are very less compared to the OEMs. However, with increased safety considerations coming into place along with rising government regulations, leading Automotive Fog Lights Market manufacturers have started to enter in this market to cater to growing end user lighting requirements.

Based on end market, it is segmented as OEM and Aftermarket. Most of the automotive manufacturers purchase Automotive Fog Lights Market from the OEMs and after that they assembles it into the automotive manufacturers. At the time of replacements or maintenance, most of the end users prefer to go for OEM rather than aftermarket. Thus, OEM accounted the largest market share in 2016. Aftermarket is the second leading market for global Automotive Fog Lights Market by end market. Aftermarket is generally the secondary market for automotive concerned with manufacturing, distribution, retailing and installation of vehicle parts.

The report for Global Automotive Fog Lights Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table of Contents:

Executive Summary
Scope Of The Report
Market Definition
Scope Of The Study
Definition               
Research Objective
Assumptions
Limitations
Research Process
Primary Research
Secondary Research
Market Size Estimation
Forecast Model
3 Market Landscape
Porter’s Five Forces Analysis
Threat Of New Entrants
Bargaining Power Of Buyers
Threat Of Substitutes
Segment Rivalry
Bargaining Power Of Buyers
Value Chain/Supply Chain Analysis
Market Dynamics
Introduction
Market Drivers
Market Restraints
Market Opportunities
Market Trends
Continued…

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