openPR Logo
Press release

Global Automotive Tail Light Market: Key Facts and Forecast Predictions Presented Until 2022 | Competition Landscape- General Electric Company, HELLA KGaA Hueck & Co., Koito Manufacturing Co., Ltd., Valeo SA., Koninklijke Philips N.V, OSRAM Licht AG, Phoe

10-31-2018 01:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

FMR’s research report on the global automotive tail light market analyzes the prospects for the overall performance of the automotive tail light market during the examination period, providing pragmatic insights on the scenario of global market for automotive tail light. The key objective of the report on automotive tail light market is to help participants in the global automotive tail light marketplace devise and execute informed developmental strategies through thorough understanding of the automotive tail light space.

Projected to expand at a sluggish CAGR of just-under 4% over 2017-2022, the global automotive tail light market will possibly surpass the revenue of US$ 12 Bn by the end of 2022. According to a recent publication by Fact.MR, the global market for automotive tail light will continue to witness the miniscule rate of growth owing to limited scope of applicability of automotive tail light, which is expected to remain responsible for undermining the growth prospects of the global market for automotive tail light.

Request For Free Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=3

“Adoption of the latest lighting technologies by automotive industry leaders will possibly open multiple doors of growth opportunities for automotive tail light manufacturers, forestalling the visible decline of the global automotive tail light market over 2017-2022.” – Consulting Research Analyst, Automotive Domain, Fact.MR.

Key Insights: Global Automotive Tail Light Market

Halogen will continue to be the most sought-after tail light source in the global automotive tail light market, with more than half of the total value of the global automotive tail light market.
FMR projects a relatively higher CAGR for LED through 2022.
With an estimated US$ 5 Bn revenue by the end of 2022, passenger cars are foreseen to remain the most attractive vehicle type for automotive tail light manufacturers.
Plastic tail lights will continue to reign supreme over their metallic counterparts, attributed to high endurance, lightweight nature, and translucency of the former.
Aftermarket, with projected sales revenue worth over US$ 8 Bn by 2022 end, is likely to maintain the maximum revenue share in the global automotive tail light market throughout the assessment period.
China, the global manufacturing hub, has been one high-potential market for automotive tail light over the years. Lower Price point in terms of raw material as well as labor will continue to enable Chinese market for automotive tail light remain the key revenue generator over 2017-2022.
Ever-evolving consumer preferences, coupled with increasing mandates from governmental regulatory bodies, are pushing the incorporation of advanced technology solutions into automobiles – attracting automakers and technology giants alike. Growing consumer demand for sleek, lightweight, and functional vehicles is fueling innovations in each structural and functional vehicular component, including automotive tail light. With the functionality as well as design becoming imperative to automotive product offerings, manufacturers of automotive tail lights have started to shift their focus from only design and aesthetics to enhanced functionality.

As indicated by the global market intelligence on automotive tail light that has been recently published by Fact.MR, the global market for automotive tail light is among those auto components that is yet to discover its complete functional and aesthetic applicability beyond conventional functional utilities in the automotive space, which will continue to influence the performance of the global automotive tail light market throughout the forecast period.

Competition Analysis: Automotive Tail Light Market

A majority of automotive tail light manufacturers are focusing on tail light functionality improvement by adopting the latest technologies such as LED and OLED. Embracing the technological advances will additionally help manufacturers of automotive tail light achieve attractive design, appealing aesthetics, and avant-garde functionality of automotive tail light.

Recently, Hella – the electronics and lighting expert, announced the integration of the OLED technology into the rear combination lamps of Audi’s new flagship car- A8. This innovation involves four upright OLED tail lights in each unit, and serves distinctive attributes for vehicular manufacturers (VMs) with sophisticated lighting functions. According to the lighting technology experts at Hella, the vehicular lighting technology can eliminate the need for additional optics, reflectors, and light guides – post adoption of the new OLED technology.

Fact.MR’s study on Automotive Tow Bars Market is comprehensive – 170 pages, 277 tables, and 81 figures - https://www.factmr.com/report/3/tail-light-market

Key Insights: Global Automotive Tail Light Market

Halogen will continue to be the most sought-after tail light source in the global automotive tail light market, with more than half of the total value of the global automotive tail light market.
FMR projects a relatively higher CAGR for LED through 2022.
With an estimated US$ 5 Bn revenue by the end of 2022, passenger cars are foreseen to remain the most attractive vehicle type for automotive tail light manufacturers.
Plastic tail lights will continue to reign supreme over their metallic counterparts, attributed to high endurance, lightweight nature, and translucency of the former.
Aftermarket, with projected sales revenue worth over US$ 8 Bn by 2022 end, is likely to maintain the maximum revenue share in the global automotive tail light market throughout the assessment period.
China, the global manufacturing hub, has been one high-potential market for automotive tail light over the years. Lower Price point in terms of raw material as well as labor will continue to enable Chinese market for automotive tail light remain the key revenue generator over 2017-2022.
Additional Questions Answered by Global Automotive Tail Light Market Report

What potential opportunities are likely to emerge in automotive tail light market, as plastics are expected to witness the maximum adoption by automakers?
Will LED and OLED technology-enabled automotive tail lights take over the ever-dominant automotive tail light source – halogen - in the near future?
How does the prospective competitive landscape scenario appear, if considered in resonance with increasing shift of manufacturers to advanced technology?
With China forging ahead at a massive pace, what could be the prospects for neck-on-neck competition between markets in North America, Europe, and APEJ for automotive tail light?
Table of Content:

Chapter 1. Global Automotive Tail Light Market Market - Executive Summary. 31

Chapter 2. Global Automotive Tail Light Market Market Overview. 33
2.1. Introduction. 33
       2.1.1. Global Automotive Tail Light Market Market Taxonomy. 33
       2.1.2. Global Automotive Tail Light Market Market Definition. 33
2.2. Global Automotive Tail Light Market Market Size (US$ Mn) and Forecast, 2012-2022. 33
       2.2.1. Global Automotive Tail Light Market Market Y-o-Y Growth. 33
2.3. Global Automotive Tail Light Market Market Dynamics. 34
       2.3.1. Drivers. 34
       2.3.2. Restraints. 34
       2.3.3. Trends. 34
2.4. Supply Chain. 35
2.5. Cost Structure. 35
2.6. Pricing Analysis. 35
2.7. Raw Material Sourcing Strategy and Analysis. 35
2.8. List of Distributors. 36
2.9. Key Participants Market Presence (Intensity Map) By Region. 36

Chapter 3. Global Automotive Tail Light Market Market Analysis and Forecast By Tail Light Source. 37
3.1. Global Automotive Tail Light Market Market Size and Forecast By Tail Light Source, 2012-2022. 37
       3.1.1. Halogen Automotive Tail Light Market Market Size and Forecast, 2012-2022. 37
                3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 37
                3.1.1.2. Market Share Comparison, By Region. 38
                3.1.1.3. Y-o-Y growth Comparison, By Region. 39
                3.1.2. LED Automotive Tail Light Market Market Size and Forecast, 2012-2022. 39
                3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 39
                3.1.2.2. Market Share Comparison, By Region. 41
                3.1.2.3. Y-o-Y growth Comparison, By Region. 42

Chapter 4. Global Automotive Tail Light Market Market Analysis and Forecast By Vechicle Type. 43
4.1. Global Automotive Tail Light Market Market Size and Forecast By Vechicle Type, 2012-2022. 43
       4.1.1. Passenger Car Automotive Tail Light Market Market Size and Forecast, 2012-2022. 43
                4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 43
                4.1.1.2. Market Share Comparison, By Region. 44
                4.1.1.3. Y-o-Y growth Comparison, By Region. 45
       4.1.2. Two-Wheeler Automotive Tail Light Market Market Size and Forecast, 2012-2022. 46
                4.1.2.1. Revenue (US$ Mn) Comparison, By Region. 46
                4.1.2.2. Market Share Comparison, By Region. 47
                4.1.2.3. Y-o-Y growth Comparison, By Region. 48
       4.1.3.  LCV Automotive Tail Light Market Market Size and Forecast, 2012-2022. 49
                4.1.3.1. Revenue (US$ Mn) Comparison, By Region. 49

Continued……………..

Buy This Report- https://www.factmr.com/checkout/3/S

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market Insights 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
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Follow Us on Linkedin: https://www.linkedin.com/company/factmr/

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 Global Automotive Tail Light Market: Key Facts and Forecast Predictions Presented Until 2022 | Competition Landscape- General Electric Company, HELLA KGaA Hueck & Co., Koito Manufacturing Co., Ltd., Valeo SA., Koninklijke Philips N.V, OSRAM Licht AG, Phoe here

News-ID: 1342734 • Views: 71

More Releases from Fact.MR

“Petroleum-Based to Bio-Based Propylene Glycol” is a Key Trend, Finds Fact.M …
The recently published research report by Fact.MR regarding the global propylene glycol market includes product classification and current synopsis along with product upgrades and innovations. The propylene glycol market was pegged at more than 2,500 Thousand Tons in 2018, and the global market is likely to witness a strong growth rate during the forecast period on the backdrop of increasing building & construction activities along with expanding production capacities of
Isocyanates Manufacturers Leveraging Advancements and Modernization in the Adhes …
The recently published report by Fact.MR regarding the global isocyanates market includes product classification and current synopsis along with product upgrades and innovations. Increasing demand from the building and automotive industries is increasing the polyurethane consumption in numerous consumer and industrial applications. Moreover, the thriving pharmaceutical industries, and isocyanates advantageous characteristics are the primary drivers for development in the worldwide isocyanate market. Burgeoning isocyanate acceptance for use in newer vertical
Increasing Commuter Preference for Shared Taxi Will Boost the Demand for Minibus …
Global value for the minibus market reached ~ US$ 8.3 Bn in 2018, as disclosed by the new research study by Fact.MR. According to the report, the minibus market is predicted to grow by CAGR of ~3.7% in the forecast period, primarily influenced by prominent players investing in manufacturing operations in the global minibus market landscape. According to the research, an increasing center of attention on new developments and the demand
Ergonomic Designs of Furniture and a Favourable Policy Framework for Newer Entra …
The global office furniture market is expected to create ~ US$ 22 Billion worth of incremental opportunity over the forecast period. Since the last two decades, the number of small, micro, and medium-sized enterprises has increased drastically in developed and developing countries. Moreover, constant provision from private investments and governments is fueling the growth of the private sector, which is further propelling the office furniture market growth to a great

All 5 Releases


More Releases for Automotive

Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,