Press release
Global On-Highway Vehicle Lighting market Witnessing Robust Growth and Growing at the CAGR of 5.67% during forecast period
Global On-Highway Vehicle Lighting Market valued approximately USD 26.11 billion in 2016 is forecasted to grow with a healthy growth rate of more than 5.67% over the forecast period 2018-2025. The major factors anticipated to augment the market are progressions in automotive lighting technology, rising automobile production across various developed and developing regions, specifically in emerging economies, government ordinances for improved visibility, increasing espousal of LED lamps and increasing influence of technological innovations.
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The regional analysis of Global On-Highway Vehicle Lighting Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Buses
Motorcycles
Passenger Cars
Light Trucks (Class 1-3)
Medium Trucks (Class 4-6)
Heavy Trucks (Class 7&8)
By Application:
Headlights
Interior Lights
By Product Type:
Laser
Halogen
Incandescent
High Intensity Discharge (HID)
LED
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015, 2016
Base year 2017
Forecast period 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Valeo S.A., Koito Manufacturing, Ltd., Maxxima, Koninklijke Philips N.V., Magneti Marelli S.p.A., TYC Genera, Zizala Lichtsysteme GmbH (LG Electronics), ZKW Group, Spyder Auto, Optronics International LLC., and so on. New product launches and continuous technological innovations are also few of the key strategies adopted by the major players. Acquisitions & effective mergers are some of the strategies adopted by the key manufacturers.
Target Audience of the On-Highway Vehicle Lighting Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Global On-Highway Vehicle Lighting Market Definition & Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global On-Highway Vehicle Lighting Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porters 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global On-Highway Vehicle Lighting Market by Vehicle Type
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. On-Highway Vehicle Lighting Market, Sub Segment Analysis
5.3.1. Bus
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Motorcycles
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Passenger Cars
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.4. Light Truck (Class 1-3)
……
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