Automotive Lighting Market 2018 Key Country Analysis: Global Top Companies Magneti Marelli, Philips Lighting, Ichikoh, HELLA, KOITO MANUFACTURING, ZKW Lichtsysteme, Peterson, OSRAM, Stanley, General Electric

Automotive Lighting Market Share, Growth, Trends, and Key Country Analysis Research Report 2018: Global Forecast to 2023, Global Automotive Lighting Market will Register highest growth through 2023. Report provides in-depth analysis of Automotive Lighting Industry by Technology (Halogen, LED, and Xenon), by Vehicle Type (Passenger Car, Light Commercial Vehicle & Heavy Commercial Vehicle), by Application (Front Lights, Side Lights, Rear Lights and Interior Lights) and by End Market (OEM & Aftermarket) and by Region.

The global automotive lighting market is poised to grow over USD 30,107.2 million by 2023 at an estimated CAGR of 6.43% through the forecast period.

Top Automotive Lighting Manufacturers Competitive Landscape:

The key players in Automotive Lighting market are Magneti Marelli (Italy), Philips Lighting NV (Netherlands), Ichikoh Industries Ltd (Japan), HELLA KGaA Hueck & Co (Germany), KOITO MANUFACTURING CO., LTD.( Japan), ZKW Lichtsysteme GmbH  (Wieselburg), Peterson Manufacturing company (U.S.), OSRAM GmbH (Germany), Stanley Electric Co. Ltd (Japan), General Electric (U.S.). Automotive Lighting market is volatile and highly competitive with the presence of some well-established vendors.

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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Automotive Lighting market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.

Market Overview:

According to the latest report published by Market Research Future (MRFR), the global market for automotive lighting will stand at over USD 30,107 Mn towards the end of 2023, reflecting an above-average growth rate. Lighting continues to be one of the key components of modern vehicles. The recent expansion of the automotive industry, particularly in countries such as China, Mexico and India has reflected favourably on the automotive lighting market. The auto sector has undergone untiring waves of technological evolution, in the process, influencing the diverse range of components that are integrated in vehicles, including lighting systems.

The arrival of new lighting technologies and greater emphasis on improving vehicle visibility are some of the key factors supporting the growth of the automotive lighting market. The increased sales of passenger vehicles in emerging markets is also creating growth opportunities for market participants. Nonetheless, a large percentage of the automotive lighting components that are currently available, carry a hefty price tag, which to an extent is limits the market potentials. Meanwhile, enforcement of new safety regulations has prompted carmakers to opt for the best available lighting solutions. For modern consumers, style, safety and comfort are equally important and usually reluctant to compromise on any.

Segmentation:

MRFR in its report has also offered a comprehensive segmental analysis of the market based on vehicle type (heavy commercial vehicle, light commercial vehicle and passenger car), application (side lights, front lights, interior lights, and rear lights), end market (aftermarket and OEM) and technology (xenon, LED and halogen).

Regional Analysis:

The global automotive lighting market by region has been segmented into North America, Europe, Asia-Pacific and Rest of the world. This market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, Asia-Pacific has accounted the largest market for automotive lighting market followed by North America and Europe.

List of Tables:

Table 1 Automotive Lighting Market: By Region, 2017-2023

Table 2 North America Automotive Lighting Market: By Country, 2017-2023

Table 3 Europe Automotive Lighting Market: By Country, 2017-2023

Table 4 Asia Pacific Automotive Lighting Market: By Country, 2017-2023

Table 5 RoW Automotive Lighting Market: By Country, 2017-2023

Table 6 Automotive Lighting Market, By Body Type, By Regions, 2017-2023

Table 7 North America Automotive Lighting Market, By Body Type, By Country, 2017-2023

Table 8 Europe Automotive Lighting Market, By Body Type, By Country, 2017-2023

Table 9 Asia Pacific Automotive Lighting Market By Body Type, By Country, 2017-2023

Table 10 RoW Automotive Lighting Market By Body Type, By Country, 2017-2023

Continued…

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List of Figures:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued…

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This release was published on openPR.