Press release
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
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.
Get Sample Copy of “Automotive Lighting Market Research Report - Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/1819
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…
For more details on this report visit: https://www.marketresearchfuture.com/reports/automotive-lighting-market-1819
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…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
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sales@marketresearchfuture.com
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