openPR Logo
Press release

Car Bulb Market to Garner Brimming Revenues by 2018 - 2028

01-09-2019 02:24 PM CET | Logistics & Transport

Press release from: Future Market Insights

Car Bulb Market to Garner Brimming Revenues by 2018 - 2028

Car bulb is an integral part of automotive lighting systems where anterior and rear lighting is involved. Car bulbs also find their use in indicative lighting systems. The aesthetic features present within the interior and exterior of the vehicle is as important as the performance offered by the vehicle from the customer’s viewpoint of a lighting system. With increased dependency on electronics to perform various functions in a vehicle, different types of car bulb has also becomes one of the attractive feature provided in the premium as well as normal vehicle. Car bulb delivers cabin comfort and offers an element of luxury to the customers. For that purpose, automotive manufacturers are innovating in their car bulb technology with adding new colors and energy efficient features.

Request For Report Sample @

The trend of increased customization has made it possible for all the vehicles owners to customize their vehicle according to need or requirement. Customization has made it possible to all the vehicle owners by providing them opportunity to customize their vehicles with ambient lighting and give a new atheistic look to the interior or exterior of the vehicle. Extent of customization depends of customers need or requirement.

Car Bulb Market: Drivers

Factors influencing the growth of the car bulb market such as installation of units at OEM production site and repair and replacement experience in the aftermarket and car service channels. In recent times, the concept of ambient lighting has also brought a spur in demand for car bulbs where different types of car bulb adds an attractive feature incorporated in premium and luxury class vehicles to improve cabin comfort and increase the overall appeal of a vehicle. Moreover, the automotive industry in North America and Asian countries, such as U.S., China, India and South Korea, contributes a healthy amount to the world’s GDP. Though the sales of high-end vehicles is heavily outperformed by the sales of entry level variants, easy availability of aftermarket car bulb coupled with consumer shift towards customization is steadily favoring the car bulb, and is helping in driving the car bulb market forward.

The car bulb market is seen to be high volume market whose growth will depend upon the overall growth of the automotive ancillaries’ industry sector. The car bulb market is characterized as highly competitive one with an influx of tier-1 manufacturers operating on global scale as well as regional and local level OEMs. The tier-1 manufacturers are seen to provide car bulb directly to OEM channel as well as sales in aftermarket spare parts trade channel. The local and regional level car bulb manufacturers mainly sell through the aftermarket route.

However, increasing fuel emission norms in the country have compelled manufacturers to reduce the number of components in vehicles and remove components that have the least mobility functionality. For this reason, the manufacturers in Japan are considering entirely omitting interior ambient lighting systems, especially in compact to mid-size variants. These regulations may prove to be a dent in the growth of car bulb market.

Car Bulb Market: Region Wise Trend

Region wise, the car bulb market is divided into nine region: Latin America, North America, Western Europe, Eastern Europe, MEA, SEA, India, Japan and China. Western Europe is a major hub of the automotive with Germany, Italy, France and the United Kingdom being at the forefront. Automotive manufacturers in these countries are focused on rolling out mid-level to high-level variants which take up a major share of the market. Additionally, consumers in the region are also focusing on environmental sustenance, prompting a slight shift towards electric vehicles. Increase in the sales of electric vehicles will be the trending opportunity for car bulb manufacturers.

Consumers in North America have been known to radically alter their vehicles. This trend of customization as well as automotive manufacturers’ implementation of such systems (ambient lighting) is one of the prime reasons driving the car bulb market. Moreover, the presence of a significant number of aftermarket car bulb manufacturers will make the car bulb aftermarket strong in the region.

Car Bulb Market: Segmentation

On the basis of car bulb type, the Car Bulb market can be segmented into:

On the basis of number of filament used in car bulb, the Car Bulb market can be segmented into:

On the basis of positioning of car bulb, the Car Bulb market can be segmented into:

Interior Car Bulb
Exterior Car Bulb
On the basis of vehicle type, the Car Bulb market can be segmented into:

On the basis of application, the Car Bulb market can be segmented into:

Tail Lights
Daylight Running Lights
Fog Lights
Signal Lights
Brake Lights
Hazard Lights
Driving Lamps

Request For Report Table of Content (TOC):

Car Bulb Market: Market Participants

Some of the market participants/vendors identified in the Car Bulb market across the globe are:Philips, Osram GmbH, Ring Automotive Limited, Lucas Electrical, Stanley Electric Co. Ltd., Jagan Lamps, Sylvania Inc.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

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 Car Bulb Market to Garner Brimming Revenues by 2018 - 2028 here

News-ID: 1483699 • Views: 189

More Releases from Future Market Insights

Future Market Insights Appoints Aditi Basu as Chief Marketing Officer
DUBAI, UAE, October 5, 2021 -- Future Market Insights (FMI), an award-winning market research & consulting firm, announces the appointment of Mrs. Aditi Basu as Chief Marketing Officer (CMO). Aditi will be responsible for leading the marketing strategy for MarketNgage, the revolutionary intelligence engine of Future Market Insights, purpose-built for disparate market research needs of today’s businesses. Aditi has over fifteen years of experience in corporate strategy and go-to-market advisory. She
Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the

All 5 Releases

More Releases for Car

Car Monitor Display Global Car Monitor Display Market Insights, Forecast to 2025 This report presents the worldwide Car Monitor Display market size value, production and consumption, splits the breakdown data status 20132018 and forecast to 2025, by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Download Free PDF Sample
Sports Car Industry Forecasts
Albany, New York, November 8, 2016: Market Research Hub has announced a new research report to its database, titled “Sports Car industry forecasts”. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far
India Car Rental Market
A research study, titled “India Car Rental Market: Trends, Opportunities And Forecasts (2016-2021)” - (By Value, By Region, By Segment - Radio Taxi, Corporate Rental, Aggregators and Affilators; Key Players; Market Share And Dynamics),” has been recently added by to its huge repository of research studies. The research study further provides a detailed analysis of the car rental market in India, focusing on the product segmentation, competitive scenario, and
Apple Car
Apple Car – The new Apple driverless car was unveiled it is said to be the top hybrid electric car. The Apple Car will change the automotive industry very soon, learn why, & discover what the Apple Driverless Car will contain. Apple Car - All over, an auto appears like a heartbreaking thing for Apple Inc. to manufacture. Autos are a fiercely commoditised, staggeringly costly, for the most part low-edge
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers won’t wait. At IQPC’s 4th International Conference Connected Vehicles from 12-14 April in Berlin, experts
Car insurance: Over 50 car insurance advantages
Over 50 car insurance It has been observed that older drivers tend to have a more mature approach towards driving than new drivers. Car insurance companies are more and more eager to target drivers aged 50 plus or those that have retired as older drivers are more experience, fewer accidents and more consistent. We can say older drivers are present less of a risk. This means the over 50s are less