Press release
Automotive Tail Light Market: Report – key Players, Industry Overview And Forecasts 2022
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.“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.
Halogen Reigns Supreme; LED Slated for a Higher CAGR in Automotive Tail Light
Despite being a relatively lesser lucrative area of interest for automotive manufacturers and consumers, automotive lighting has been witnessing decent technological innovation over the years. Leading automakers and automotive component suppliers recently revealed the most sophisticatedly functional and aesthetically pleasing innovations in automotive tail lights and headlamps – at the North American International Auto Show (NAIAS), Detroit and CES 2018 technology show, Las Vegas.
Request 170 Page Sample Report Now:
https://www.factmr.com/connectus/sample?flag=S&rep_id=3
As LEDs last 20X longer than conventionally used incandescent bulbs, making an excellent attribute for adoption of the former. Moreover, while conventional lamps achieve the electrical conversion of up to 10%, LEDs have been proven to convert nearly 90% of the energy into light. A number of manufacturers are also focusing on providing LED tailgate light bars for an additional safety and functionality element in heavy transport and commercial vehicles. Despite holding the largest value share of over 50% in the global automotive tail light market, performance of halogen is presumed to face rigorous competition by LED, which is anticipated to exhibit a higher CAGR through 2022.
Plastics Foreseen to Maintain a Larger Share in Automotive Tail Light Market, over Metals
Research points at the fact that road traffic contribute for approximately one-fifth of the global CO? emissions. While the figure is consistently on the rise, adoption of lightweight vehicle technology can potentially help reduce it, according to industry experts. A vehicle just-10% lighter in weight tends to consume almost 5% less fuel compared to conventional vehicles, thereby contributing to reduction of CO? emissions.
With increasing concerns among consumers as well as automakers about greenhouse gases emission, the automotive components section is witnessing drastic surge in the adoption of lightweight vehicular component materials – including plastic. Plastics will this continue to gain higher traction than metals used in the manufacturing of automotive tail light – accounting for over two-third share of the total automotive tail light market value by the end of projection period.
Besides the critical need for excellent performance and uncompromised safety, the manufacturers of automotive tail light have been recently taking efforts to meet the drastically ascending demand for lightweight vehicles for greater fuel efficiency. FMR’s study on global automotive tail light market expects this as a long-term enduring trend, which will strongly trigger the consolidation of manufacturing processes and componentry.
Additionally, FMR’s report on the global market for automotive tail light offers insights on the adoption of automotive tail lamp by multiple vehicle type manufacturers. The report findings indicate that passenger car manufacturers will continue to account for maximum revenue in the automotive tail light market. On the other side, the aftermarket is likely to remain the dominant sales channel operating in the value chain of the automotive tail light market over 2017-2022. Regional analysis of the automotive tail light market forecasts APEJ as the leading regional market for automotive tail light through 2022.
Report Overview at https://www.factmr.com/report/3/tail-light-market
About FactMR
FactMR 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
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: 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 Automotive Tail Light Market: Report – key Players, Industry Overview And Forecasts 2022 here
News-ID: 1385586 • Views: …
More Releases from Fact.MR

Recycled Paper Bags Market is Expected to Reach a Valuation of USD 7 billion by …
The global recycled paper bags market is poised for steady expansion in the coming decade. As of 2025, the market is estimated at USD 5 billion, and projections indicate it will increase to approximately USD 7 billion by 2035, achieving a compound annual growth rate (CAGR) of 3.4 percent over this period. This growth is fuelled by increasing regulatory pressure on single-use plastics, rising consumer preference for sustainable packaging, and…
Himalayan Salt Market is Expected to Reach a Valuation of USD 868.3 million by 2 …
The Himalayan salt market has been experiencing consistent growth, fueled by rising consumer awareness of natural and wellness-oriented products. Market projections indicate that the global Himalayan salt industry will expand from USD 528 million in 2025 to USD 868.3 million by 2035, reflecting a compound annual growth rate (CAGR) of 5.1 percent. This growth is not only tied to the increasing popularity of Himalayan salt as a culinary ingredient but…

Tinplate Market is Expected to Reach a Valuation of USD 35.4 billion by 2035 | F …
The global tinplate market is projected to increase from USD 25.8 billion in 2025 to USD 35.4 billion by 2035, registering a compound annual growth rate (CAGR) of 3.2 percent during the forecast period. This growth is being driven by a rising emphasis on sustainable, recyclable packaging solutions, alongside the strong performance of the food and beverage industry. Tinplate is increasingly favored due to its durability, corrosion resistance, and recyclability,…

Sulphur-Coated Urea Market is Expected to Reach a Valuation of USD 7.5 billion b …
The global sulphur-coated urea market is entering a phase of robust expansion. The market is expected to rise from USD 4.0 billion in 2025 to USD 7.5 billion by 2035, registering a compound annual growth rate (CAGR) of 6.5 percent over the forecast period. This growth highlights the increasing importance of controlled-release fertilizers in modern agriculture, where nutrient efficiency and reduced losses are becoming critical priorities.
Segmentation of the Sulphur-Coated Urea…
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,…
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address…
Brampton Auto Glass Announces New Comprehensive Auto Glass Solutions
Brampton, Ontario July 24 2024 - Brampton Auto Glass Company, a leading name in auto glass repair and replacement for the Brampton and Mississauga areas, announces a significant expansion of its service portfolio. This enhanced suite caters to the diverse needs of local vehicle owners, ensuring optimal safety and a flawless visual experience on the road.
Unwavering Commitment to Excellence and Customer Satisfaction
Brampton Auto Glass Company prioritizes excellence in everything…
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of…
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…