Daytime Running Lamp Market Type, Share, Size, Analysis, Trends, Demand and Outlook

The global Daytime Running Lamp market was valued at US$ 1384.3 million in 2019 and it is expected to reach US$ 1603.7 million by the end of 2026, growing at a CAGR of 2.1% during 2021-2026.

A daytime running lamp (DRL) is an automobile illumination and bicycle lighting device on the front of a road-going motor vehicle or bicycle. It is yellow, emits white, or emits amber light, and is automatically switched on when the car's handbrake is depressed or while it is in gear. Their primary purpose is to help other drivers recognise an active car, not to help the driver see the road or their surroundings.

The purpose of the vehicle's daytime running lamp (DRL) is to make the car more visible so that other road users may see it. DRLs are white, yellow, or amber lights that are automatically turned on when a car or bicycle is moving forward. They are a type of automotive illumination and bicycle lighting system. DRL is utilised to minimise any potential negative effects on safety performance, glare, motorbike masking, and other factors. When the headlamps are off, a daytime running lamp shines brightly; when the headlamps are turned on, the brilliance of the light dims slightly.

The market for vehicle daytime running lamps is divided into categories based on style, passenger capacity, engine type, and region. Halogen, LED, and HID are included in the type segmentation (High-Intensity Discharge). Two-seater and four-seater cars are included in the seating capacity segmentation. Passenger cars, light commercial vehicles, and heavy commercial vehicles are included in the vehicle-based segmentation.

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Segmentation:-
Global Daytime Running Lamp Market: Major Players
Koito Manufacturing
Ring Automotive
YCL
Fuch
Oulondun
Ditaier Auto Parts
Bosma Group Europe
General Electric
YD Dian Electronic
Wenqi Vehicle Accessories
ZKW Group
Canjing
Magneti Marelli
Valeo
Wincar Technology
JYJ
Osram
YEATS
Lumen
Hella
Skeenway Electronics
PIAA
JXD
Philips
Hyundai Mobis

Global Daytime Running Lamp Market: By Types
Halogen Lamp
LED Lamp
Others

Global Daytime Running Lamp Market: By Applications
Automobile Manufacture Industry
Automobile Aftermarket Industry

Global Daytime Running Lamp Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Daytime Running Lamp market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase this Report
1. Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
2. Provision of market value (USD Billion) data for each segment and sub-segment
3. Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
4. Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
5. Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
6. Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
7. The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
8. Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
9. Provides insight into the market through Value Chain
10. Market dynamics scenario, along with growth opportunities of the market in the years to come

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