Press release
Automotive Side Turn Indicator Market Size & Share - Industry Trend and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Automotive Side Turn Indicator" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Automotive side turn indicator is an indicating device providing information to the person outside vehicle on turning a vehicle. It is conventional safety system to avoid road accidents. These indicators which are on exterior of the vehicle are useful as indicators to the outsiders. In recent years, many automakers have been incorporating side turn signal devices into the side view mirror housings, rather than mounting them on the vehicle's fenders.
Furthermore, the ever-increasing production of vehicles and the increase in demand for light-weight, luxurious vehicles are projected to boost the automotive side turn indicator Market during the forecast period. By taking safety of the consumer into account, auto-makers are concentrating more on the safety measures and indicators are useful in providing the information related to safety of the vehicle. Minor damage in the front of vehicle leads in the replacement of side turn indicators. So frequent replacement is main issue which will harm side turn indicator market in near future.
Based on its position automotive side turn indicator is categorized as fenders mounted and mirror mounted. Conventionally indicators are used to mount on the fenders’ of vehicle. Recently side turn indicators are mounted on mirrors.
By sales channel automotive side turn indicator market can be segmented as original equipment manufacturer (OEM) and aftermarket. There are large number of global key players in the production of the automotive side turn indicator. Most consumers prefer local manufacturers in order to replace the side turn indicator, which reduces the replacement cost. The OEM segment is expected to dominate the market during the forecast period.
Based on vehicle type, Automotive Side Turn Indicator Market can be classified as passenger vehicles (PV) and commercial vehicles (CV). Passenger vehicles include hatchback cars, sedans, multi- purpose vehicles (MPV), and sport utility vehicles (SUV). Commercial vehicles include light-weight commercial vehicles (LCV) and heavy commercial vehicles (HCV). Use of interior vehicles are more in PVs than CVs.
Based on geography, the automotive side turn indicator market can be segmented into: North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific accounts for the major share of the global automotive side turn indicator Market, owing to the high adoption rate of vehicles and the booming automotive sector leading to an increased production of vehicles with automotive indicator, especially in China and India.
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Some of the key players in the automotive indicator market are: Varroc Group, HELLA GmbH & Co. KGaA., Magneti Marelli S.p.A, Neolite ZKW, Continental AG, De Amertek Corp, Denso Corporation, Johnson Electric, Hyundai Mobis, KOITO MANUFACTURING CO., LTD., STANLEY ELECTRIC CO., LTD.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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