Press release
Automotive Lighting Market to Soar at 8% CAGR to 2024 - by Top Key Players: Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, Ichikoh, ZKW Group, SL Corporation, Varroc, TYC, DEPO, Xingyu, Hyundai IHL
Automotive Lighting Market
The worldwide market for Automotive Lighting is expected to grow at a CAGR of roughly 8.0% over the next five years, will reach 4000 million US$ in 2024, from 2520 million US$ in 2019, according to a new study.
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Market Segment by Manufacturers, this report covers
• Koito
• Magneti Marelli
• Valeo
• Hella
• Stanley Electric
• Ichikoh
• ZKW Group
• SL Corporation
• Varroc
• TYC
• DEPO
• Xingyu
• Hyundai IHL
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.
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.
This report focuses on the Automotive Lighting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Halogen Lighting
HID Lighting
LED Lighting
Market Segment by Applications, can be divided into
Passenger Vehicle
Commercial Vehicle
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automotive Lighting product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Automotive Lighting, with price, sales, revenue and global market share of Automotive Lighting in 2017 and 2018.
Chapter 3, the Automotive Lighting competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automotive Lighting breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Automotive Lighting market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Automotive Lighting sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Table of Contents
1 Market Overview
2 Manufacturers Profiles
3 Global Automotive Lighting Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Automotive Lighting Market Analysis by Regions
5 North America Automotive Lighting by Country
6 Europe Automotive Lighting by Country
7 Asia-Pacific Automotive Lighting by Country
8 South America Automotive Lighting by Country
9 Middle East and Africa Automotive Lighting by Countries
10 Global Automotive Lighting Market Segment by Type
11 Global Automotive Lighting Market Segment by Application
12 Automotive Lighting Market Forecast (2019-2024)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
Complete report at https://www.marketstudyreport.com/reports/global-automotive-lighting-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024?utm_source=openpr.com&utm_medium=Abhijeet
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