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Automotive Headlamp Reflector Market to See 4.2% CAGR through 2021

12-19-2016 07:06 PM CET | Tourism, Cars, Traffic

Press release from: TD The Market Publishers, Ltd.

Automotive Headlamp Reflector Market to See 4.2% CAGR through 2021

Automotive Headlamp Reflector Market to See 4.2% CAGR through 2021

Today, the world’s market for automotive headlamp reflector is following an upward trend, offering a range of lucrative growth opportunities for established as well as new market players. The automotive headlamp reflector market is expected to register positive growth at a 4.2% CAGR through 2021. Key market growth drivers comprise rising disposable incomes, expanding urbanization, strong demand for LED based lighting systems and also impressive advancements.

Passenger car segment is predicted to remain the growth engine of the worldwide automotive headlamp reflector market from 2016 up till 2021, majorly due to high vehicle production and rising adoption of advanced materials.

The demand for headlamp reflector from the LED lighting segment is anticipated to witness the most rapidly growth in the next 5 years. Robust growth in this segment could be attributed to a steady shift from halogen lighting to LED lighting, owing to certain benefits offered by LED, for instance, high energy efficiency, lightweight, long life, faster illumination and focused brightness. LED lighting will likely gain popularity in middle, premium and electric vehicles.

Bulk molding compounds (BMC) based composites are recognized as the top in-demand material used in the automotive headlamp reflector production, as it offers numerous benefits over alternative materials like high gloss surface finish, ability to manufacture complex and sharp curves, lightweight, excellent strength to weight ratio and excellent temperature resistance.

APAC is forecast to continue holding the top position in the global automotive headlamp reflector market through 2021. China and India will likely be the key growth contributors.

The leading automotive headlamp reflector manufacturers in the global arena include Koito Manufacturing, Magneti Marelli, Valeo S.A., Stanley Electric and Hella KGaA Hueck & Co.

TD The Market Publishers, Ltd is involved in promoting and trading market research reports and analytical reviews produced by our numerous research partners including both large multinationals and smaller companies.

Our web-based platform, MarketPublishers.com, offers a rich collection of market research reports, company reviews, databooks, articles, periodical publications, databases, on-line subscriber services and much more, delivered by the successful and well-established publishers.

TD The Market Publishers Ltd.
Chrysanthou Mylona 1, 3030,
Limassol, Cyprus

Contact

Natalie Aster
Phone: +44 208 144 6009
Fax: +44 207 900 3970
ps@marketpublishers.com

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