Press release
Automotive Lighting Market Steady Growth Owing to Increasing Adoption in the Brake, Reverse, Interior Lights, And Signal Indicators
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.
Automotive lighting is a vehicle lighting tools which includes headlights, tail lights and turn signals and the like. At the same time, automotive lighting can press type can be divided into halogen lamp, LED, HID.
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On the basis of technology, the automotive lighting market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2016 and is expected to grow at a CAGR of over 6% from 2016 to 2022. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.
Asia Pacific automotive lighting market accounted for over 42% of the overall share in 2016. Increased automobile production across countries such as China, India, Japan, and Korea combined with rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across this region.
Europe is anticipated to have steady growth owing to increasing adoption in the brake, reverse, interior lights, and signal indicators. Further, environmental regulations mandate the installation of LEDs across various applications. The North American regions are expected to have substantial demand for LED lights in the automotive sector, majorly supplemented by their increasing application in the interior segment.
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In 2018, the market size of Automotive Lighting is 2520 million US$ and it will reach 4740 million US in 2025, growing at a CAGR of 8.2% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.
In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automotive Lighting.
In United States, European Union and China market, the following companies are covered:
Koito
Magneti Marelli
Valeo
Hella
Stanley Electric
Ichikoh
ZKW Group
SL Corporation
Varroc
TYC
DEPO
Xingyu
Hyundai IHL
Market Segment by Product Type
Halogen Lighting
HID Lighting
LED Lighting
Market Segment by Application
Passenger Vehicle
Commercial Vehicle
Key Regions split in this report:
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
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The study objectives are:
To analyze and research the Automotive Lighting status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Lighting manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
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QYResearch has more than 4000 global well-known customers, covering more than 30 industries including energy, automobiles, pharmaceuticals, chemicals, agriculture, etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world. QYResearch built research or marketing centers in China (Beijing, Shanghai, Guangzhou, and Hong Kong), USA, Canada, Germany, UK, France, etc. Currently, QYResearch has become the first choice, worthy and trusted consulting brand in Global and Chinabusiness consulting services.
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