Press release
Automotive Tail Light Market exhibiting a CAGR of 3.8% by 2017 to 2022
Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3
Following are the key points from Fact.MR’s latest report on the global market for automotive tail light
Based on source, halogen tail light will continue to be the most sought-after in the market. By 2017-end, the halogen segment is anticipated to account for over half of global market revenues. Meanwhile, the led segment is expected to register the highest CAGR over the forecast period.
On the basis of vehicle type, passenger car is expected remain the most attractive segment throughout the assessment period. In addition, the segment is estimated to surpass a valuation of US$ 4,909 Mn over 2022, increasing at moderate CAGR.
Demand for plastic tail lights will be significantly higher than the metal variants. By the end of 2017, plastic tail lights are anticipated to command for over two-third market share in terms of revenue. This is primarily due to the product’s superior features such as light-weight, translucency, and durability. Over US$ 9,929 Mn worth plastic tail lights are likely to be sold worldwide by 2022-end.
By sales channel, aftermarket is projected to remain the most dominant segment, exceeding a market valuation of US$ 8,131 Mn towards the end of assessment period.
In terms of revenue, Asia Pacific excluding Japan (APEJ) is expected to lead the global automotive tail light market over 2022. The region is expected to present lucrative growth opportunities for market players over the next couple of years.
Request TOC of this Report @ https://www.factmr.com/report/3/tail-light-market#rep_tables
Competition Tracking
Some of the prominent players operating in the global market for automotive tail light include Koninklijke Philips N.V., Phoenix Lamps Limited, UNOMINDA, OSRAM Licht AG, General Electric Company, Valeo S.A., Robert Bosch GmbH, Koito Manufacturing Co., Ltd., Sammoon Lighting & Electrical Co., Ltd., HELLA KGaA Hueck & Co., and Stanley Electric Co. Ltd.,
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Tail Light Market exhibiting a CAGR of 3.8% by 2017 to 2022 here
News-ID: 1210138 • Views: …
More Releases from Fact.MR
Automated Microscopy Market to Reach US$ 8.5 Billion by 2027, Grow at a CAGR of …
According to the most recent analysis conducted by market research and competitive intelligence company Fact.MR, the automated microscopy market is expected to be valued US$ 8.5 billion globally by 2027.
With the use of sophisticated monitoring techniques, automated microscopy is a contemporary technology that enhances the monitoring of biological material. In addition to reducing human error, automated microscopy offers accurate, automated magnification for topic examination and analysis. Because automated microscopy is…
Toy Drone Market Trends: CAGR of 8.6% Propels Growth to US$ 951.5 Million by 203 …
It is Anticipated That the Toy Drone Market Will Reach US$ 951.5 Million by 2033 At A CAGR of 8.6% | Fact.MR growing Children's Propensity for Playing with Drones for Recreation Will Support Market Expansion the global toy drone market is anticipated to reach US$ 417 million in 2023 and develop at a compound annual growth rate (CAGR) of 8.6% over the forecast period of 2023-2033, according to Fact.MR. Because…
Waterjet Cutting Machine Market Overview: Reaching US$ 74.01 Billion by 2034
By the end of 2033, the Waterjet Cutting Machines Market is anticipated to be worth US $1.88 billion, with a compound annual growth rate (CAGR) of 4.8%. with a compound annual growth rate (CAGR) of 5.4%, the market for waterjet 3D cutting machines is projected to reach US$ 895.9 million. The German market is predicted to earn US$ 92.22 million in sales by the end of 2033, expanding at a…
Smart E-Drive Market Projected to Hit $12 Billion by 2033 with 29.5% CAGR Growth
The global smart e-drive market (Mercado de e-Drive inteligente) is expected to reach $12 billion by 2033, growing at a 29.5% CAGR between 2023 and 2033.
Smart e-drive is an improved form of an electric drive system that has been modified to make driving more comfortable and safer. In this example, the power source is a battery, which could be lead-based, lithium-ion, or solid-state; this battery allows energy to be transmitted…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
