Press release
Automotive Tail Light Market Sales and Demand Forecast
Automotive Tail Light
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.
Request Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3
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.
Over the five-year assessment period, the global market for automotive tail light has been projected to follow a passive growth curve at a CAGR of 3.8%, reaching the value in excess of US$ 12 Bn by 2022 end.
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.
Although tail lights hold a limited application base in the automotive industry, their vital function continues to enable them to remain a key auto component. With rapidly growing efforts by both automakers and automotive tail light manufacturers to dig deeper into the next-generation applicability of automotive tail light, Fact.MR estimates that the market for automotive tail light will possibly witness a series of new growth opportunities over 2017-2022.
Request/View Toc@ https://www.factmr.com/connectus/sample?flag=T&rep_id=3
Automotive Tail Light Market: About the Report
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.
Automotive Tail Light: Market Definition
An automotive taillight is a rearward-facing red light mounted on the back of an automotive. Working in a relay with head lights, automotive tail lights serve a primary function of maintaining the safety aspect of vehicles. With escalating incorporation of advanced technologies in automobile components, automotive tail lights have been undergoing innovation over the past decade – creating a slew of potential growth opportunities for automotive tail light manufacturers in the upcoming few years.
Speak To Research Analyst for Detailed Insights @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=3
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?
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.
Access This Report @ https://www.factmr.com/checkout/3/S
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.
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 Sales and Demand Forecast here
News-ID: 1545382 • Views: …
More Releases from Fact.MR
Loader Crane Market Growth to Reach US$ 7,654.4 Million at a CAGR of 4.8% by 203 …
The global loader crane market size is anticipated to be valued at US$ 4,789.6 million in 2024. Projections indicate a steady expansion with a CAGR of 4.8% through 2034. The estimated growth is set to raise the loader crane market to US$ 7,654.4 million by 2034.
The loader crane market is witnessing substantial growth as industries increasingly recognize the efficiency and versatility of these lifting solutions. Loader cranes, mounted on trucks…
Small Engine Market to Surpass US$ 5,951.7 Million, Expanding at 4.3% CAGR by 20 …
The global small engine market is estimated to be valued at US$ 3,906.6 million in 2024. Projections indicate a steady expansion with a CAGR of 4.3% through 2034. Anticipated growth is set to propel the market to an impressive size of US$ 5,951.7 million by 2034. The growing need for sustainable solutions is boosting market demand.
The small engine market comprises engines typically under 25 horsepower used in various applications like…
Torque Sensor Market Size Expected to Hit US$ 15,156.3 Million by 2034, Exhibiti …
The global torque sensor market size is estimated to be valued at US$ 8,601.2 million in 2024 and is anticipated to reach US$ 15,156.3 million by 2034. The demand for torque sensors is likely to rise at a CAGR of 5.8% through 2034. The consistent CAGR underscores a sustained demand for torque sensors across diverse industries, from automotive to industrial automation and renewable energy.
For More Insights into the Market, Request…
Waste Management Equipment Market Size Worth US$ 29,842.2 Million with 4.5% CAGR …
Fact.MR, in its newly published study, says that the global waste management equipment market size is estimated to be US$ 19,216.2 million in 2024. Global demand for waste management equipment is projected to grow at 4.5% CAGR, reaching a market value of US$ 29,842.2 million by the end of 2034.
The waste management equipment market is expected to experience growth opportunities in the coming years, owing to increasing emphasis on recycling,…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
