Press release
Automotive Lighting Market Size, Share, Analysis, Growth, Trends, Industry Report 2022-2031 | Hella, Koito Manufacturing Co. Ltd., Osram Licht AG, Koninklijke Philips N.V., Magnetti Marelli
Automotive Lighting Market
The regions covered in the Automotive Lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The automotive lighting market consists of sales of automotive lighting and related services. Automotive lighting and signalling devices are mounted on the front, rear, sides, and in some cases the top of a motor vehicle. The lighting system also makes the vehicle more visible especially in low light conditions.
Key competitors in the Automotive Lighting market include Hella, Koito Manufacturing Co. Ltd., Osram Licht AG, Koninklijke Philips N.V., Magnetti Marelli, Grupo Antolin, Flex Automotive GmbH, Lumax Industries Limited, Valeo Lighting Systems, and Bosch Lighting Technology.
The global automotive lighting market size is expected to grow from $11.96 billion in 2021 to $25.77 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive lighting market is expected to reach $39.03 billion in 2026 at a CAGR of 10.9%.
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TBRC's report segments the global Automotive Lighting market:
1) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
2) By Technology: Halogen, Xenon/HID (High-intensity Discharge Lamp), LED (Light Emitting Diode)
3) By Application: Front/Headlamps, Rear Lighting, Side, Interior Lighting
Read further on the Automotive Lighting market here:
https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Lighting Market Characteristics
3. Automotive Lighting Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Lighting Market
5. Automotive Lighting Market Size And Growth
.....
27. Automotive Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Lighting Market
29. Automotive Lighting Market Future Outlook And Potential Analysis
30. Appendix
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