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Automotive Lighting Market Research Report by Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, Ichikoh, ZKW Group, Varroc, TYC, Xingyu, Hyundai IHL | Healthy CAGR of 8.2% to Reach 4740 million US$ Till 2025
This industry study presents the global Automotive Lighting market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Lighting production, revenue and market share by manufacturers, key regions and type;The consumption of Automotive Lighting in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Koito, Magneti Marelli, etc.
Automotive lighting is a vehicle lighting tools which includes headlights, tail lights and turn signals and the like. At the same time, automotive lighting can press type can be divided into halogen lamp, LED, HID.
On the basis of technology, the automotive lighting market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2016 and is expected to grow at a CAGR of over 6% from 2016 to 2022. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.
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Asia Pacific automotive lighting market accounted for over 42% of the overall share in 2016. Increased automobile production across countries such as China, India, Japan, and Korea combined with rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across this region.
Europe is anticipated to have steady growth owing to increasing adoption in the brake, reverse, interior lights, and signal indicators. Further, environmental regulations mandate the installation of LEDs across various applications. The North American regions are expected to have substantial demand for LED lights in the automotive sector, majorly supplemented by their increasing application in the interior segment.
Global Automotive Lighting market size will reach 4740 million US$ by 2025, from 2520 million US$ in 2017, at a CAGR of 8.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Automotive Lighting.
The following manufacturers are covered in this report:
• Koito
• Magneti Marelli
• Valeo
• Hella
• Stanley Electric
• Ichikoh
• ZKW Group
• SL Corporation
• Varroc
• TYC
• DEPO
• Xingyu
• Hyundai IHL
Automotive Lighting Breakdown Data by Type:
• Halogen Lighting
• HID Lighting
• LED Lighting
Automotive Lighting Breakdown Data by Application:
• Passenger Vehicle
• Commercial Vehicle
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The study objectives of this report are:
To analyze and research the global Automotive Lighting status and future forecast involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Lighting manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Key Points from TOC:
Chapter One: Study Coverage
Chapter Two: Executive Summary
Chapter Three: Market Size by Manufacturers
Chapter Four: Automotive Lighting Production by Regions
Chapter Five: Automotive Lighting Consumption by Regions
Chapter Six: Market Size by Type
Chapter Seven: Market Size by Application
Chapter Eight: Key Industry Players
Chapter Nine: Entry Strategy for Key Countries
Chapter Ten: Production Forecasts
Chapter Eleven: Consumption Forecast
Chapter Twelve: Opportunities & Challenges, Threat and Affecting Factors
Chapter Thirteen: Key Findings in the Global Automotive Lighting Study
Chapter Fourteen: Appendix
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