Headlight Tester Market is expected to reach USD 130 million by 2021 | Key players are Anzen Motor Car, BM Autoteknik, Robert Bosch GmbH, Capelec, Chuo Electronic Measurement, Foshan Analytical Instrument, L.E.T. Automotive and Beissbarth GmbH

Headlight Tester Market Overview
The Global Headlight Tester Market was valued at USD 120 million in 2016 and is expected to reach USD 130 million by 2021, with a CAGR of 2.94% during the forecast period 2016-2021.

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According to OICA, the total number of vehicles produced in 2016 was 95 million units, which increased to 97 million units worldwide. As a result, these factors, which drive an increasing demand for equipment to test vehicle performance, should drive growth in the market over the forecast period. The growing number of traffic accidents and the growing concern for consumer safety are increasing demand for headlight tests in the automotive industries, driving the market growth. For example, according to the World Health Organization, the total number of deaths due to traffic accidents was 1.25 million per year worldwide. Therefore, governments have introduced a few standards for each part of a vehicle, in order to minimize traffic accidents. For example, the Australian government introduced rule 13 for vehicle headlights.

Drivers and Restraints:
The growing demand for vehicles around the world is one of the main drivers of growth in the market. This growing demand for vehicles is driving original equipment manufacturers (OEMs) to build more vehicles. According to the rule, the lights should be installed in the front of the vehicle, symmetrically in the centre of the vehicles, no more than four high lights will be installed on a vehicle, high-intensity discharge lamps (HID) that produce more than 2,000 lumens, should be installed in vehicles. Therefore, testing vehicle headlights to see if they meet government standards will further stimulate market growth.

Geographic Segmentation:
Europe had a significant market share in the global market for headlight testers in 2017 and is expected to experience significant growth in 2026. This growth is attributed to the growing demand for passenger cars in Germany, which in turn will increase the demand for testers. Germany accounted for the majority of passenger car sales in Europe in 2017. According to OICA, approximately 3,442,100 passenger cars were sold in Germany, or 3,351,607 units in 2016. These factors contributed to the growth of the market in this region. The headlight tester market in the Asia-Pacific region is expected to publish a record CAGR during the projected period due to the increase in vehicle production in China. For example, according to the International Organization of Vehicle Manufacturers (OICA), in 2016, vehicle production in China accounted for 29.6% of world production. In addition, the country's production increased by approximately 14.5% in 2016 compared to 2015, which in turn stimulates the growth of the market.

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Key Players of Headlight Tester Market
Key players in Headlight Tester Market include Anzen Motor Car, BM Autoteknik, Robert Bosch GmbH, Capelec, Chuo Electronic Measurement, Foshan Analytical Instrument, L.E.T. Automotive, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Mingquan Scien-Tech, Beissbarth GmbH, and Nussbaum Automotive Solutions

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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