Automotive Headlamp Reflector Market is Likely to reach an estimated value of US$ 774.9 million in 2023

Stratview Research has launched a new research report on Automotive Headlamp Reflector Market. Published on Feb,2018, this 225-page report segments the market in five ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle),
 Light Type (Halogen, Xenon, LED, Laser),
 Material Type (Composites, Thermoplastics, Other Materials),
 Process Type (Compression Molding, Injection Molding, Other Processes),
 Region
 North America (Country Analysis: The USA, Canada, and Mexico)
 Europe (Country Analysis: Germany, France, UK, Italy, Russia, and Rest of Europe)
 Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
 Rest of the World (Country Analysis: The Middle East, Latin America and Others)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Headlamp Reflector Market.

Years considered for this report –
 base year 2018
 trend period 2012 – 2017
 forecast period 2018 - 2023

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Automotive headlamp reflector market to reach of US$ 774.9 million

The global automotive headlamp reflector market is projected to reach an estimated value of US$ 774.9 million in 2023. This is likely to create a healthy growth opportunity for the entire ecosystem of the market. Organic growth in automobile production, driven by increasing disposable income and growing urbanization is the major growth driver of the global automotive headlamp reflector market. Other noticeable drivers of the market are the increasing demand for LED headlamps and an advancement in materials.

The passenger car is expected to remain the growth engine

The global automotive headlamp reflector market is segmented based on the vehicle type as Passenger Car, Light Commercial Vehicle (LCV), and Medium- & Heavy-Duty Commercial Vehicle (MHCV). The passenger car is expected to remain the growth engine of the automotive headlamp reflector market during the forecast period. Large passenger car production and incorporation of advanced reflector materials are the major drivers of the segment over the next five years. Hatchback and SUVs are gaining more traction in the passenger car segment.

Halogen is projected to maintain its dominance

The global automotive headlamp reflector market is segmented based on the light type as Halogen, Xenon, LED, and Laser. Halogen is projected to maintain its dominance in the headlamp reflectors market over the next five years, driven by Asia-Pacific and rest of the world region. LED and laser are likely to be the fastest-growing light type segments over the next five years. Both developed regions (North America and Europe) have increasingly been shifting from halogen and Xenon headlamps to LED and laser headlamps. The shift is mainly attributed to the several benefits offered by LED and laser headlamps over halogen and Xenon lights, such as high energy efficiency, long life, lightweight, focused brightness, and faster illumination.

Composite is projected to remain the most dominant material type

Based on the material type, the global automotive headlamp reflector market is segmented as Composites, Thermoplastics, and Others. Composite is projected to remain the most dominant material type in the automotive headlamp reflector market over the next five years. Bulk Molding Compound (BMC) is the most widely used composite material to make headlamp reflectors for all types of vehicles. It offers many a wide array of benefits over competing materials, such as an ability to manufacture complex and sharp curves, high gloss surface finish, excellent strength to weight ratio, lightweight, and excellent temperature resistance.

Injection molding process is likely to remain the most dominant process

Based on the process type, the global automotive headlamp reflector market is classified as Injection Molding, Compression Molding, and Other Processes. Injection molding process is likely to remain the most dominant process in the global automotive headlamp reflector market during the next five years. The auto industry looks for those manufacturing processes that have an ability to fabricate a final part in merely one to two minutes. Injection molding is an ideal process for the mass production of small- to medium-sized complex and sharp parts. Both major material types; composites and non-reinforced thermoplastics, heavily rely on the injection molding process.

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Asia-Pacific is expected to remain the largest market

Asia-Pacific is expected to remain the largest headlamp reflector market during the forecast period. The region is also expected to generate the maximum opportunities over the next five years, driven by mainly China and India. The market dynamics of headlamp reflector in the Asia-Pacific region are broadly classified into two markets. The first is the matured automotive market, such as Japan and South Korea, where demand for headlamp reflectors has been decreasing due to the shift of automotive production to the developing economies. The second is developing economies, such as China and India, where the demand for headlamp reflector is continuously increasing with the increase in automobile production.

Key Strategies
Lightweight product and strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Major automotive Headlamp Reflector companies - Koito Manufacturing Co. Ltd, Valeo S.A., Magneti Marelli, Hella KGaA Hueck & Co., and Stanley Electric Co. Ltd.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology
This report studies the Automotive Headlamp Reflector Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the Automotive industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

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