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Automotive Lighting Market Research, Dependability And Innovations In Technology |Koito, Magneti Marelli, Valeo, Hella
Who are the Target Audience of Automotive Lighting Market: Suppliers, Distributors, Channel Partners, Production Companies, Market Consultants, Marketing Authorities, Research Institutions, Subject Matter Experts, Financial Institutions, and Government Authorities.
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Summary of Automotive Lighting Market: 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.
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.
Automotive Lighting Market Competition by Manufacturers (2019 – 2025): Automotive Lighting Market Share of Top 3 and Top 5 Manufacturers, Automotive Lighting Market by Capacity, Production and Share by Manufacturers, Revenue and Share by Manufacturers, Average Price by Manufacturers By Market, Base Distribution, Sales Area, Market Competitive Situation and Trends, Automotive Lighting Market Concentration Rate.
On the basis of product, each type, primarily split into-
*Halogen Lighting
* HID Lighting
* LED Lighting
* Automotive Lighting
On the basis on the end users/applications, each application, including-
*Passenger Vehicle
* Commercial Vehicle
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Automotive Lighting market in these regions, from 2019 to 2025 (forecast), covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
Asia Pacific (China, Japan, India, Southeast Asia and Australia)
Latin America (Brazil, Argentina and Colombia)
Middle East and Africa
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert@ https://www.researchmoz.us/enquiry.php?type=E&repid=1875845
Important Automotive Lighting Market Data Available In This Report:
❶Emerging opportunities, competitive landscape, revenue share of main manufacturers.
❷This report discusses the Automotive Lighting Market summary; market scope gives a brief outline of the Automotive Lighting Market.
❸Strategic recommendations, forecast growth areas of the Automotive Lighting Market.
❹Key performing regions (APAC, EMEA, Americas, Other) along with their major countries are detailed in this report.
❺Challenges for the new entrants, trends market drivers.
❻Company profiles, product analysis, Marketing strategies, emerging market segments and comprehensive analysis of Automotive Lighting Market.
❼Automotive Lighting Market share year-over-year growth of key players in promising regions.
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