Automotive Fog Lights Market Is Expected To Reach USD 3,928.5 Million By 2023

Market Highlights:
Since 2008, the world has entered into a new era with about half of the population living in cities. This improved lifestyle had led to increase in urbanization, which has resulted in the development of a set of paradigms for both personal and commercial transportation. The increase in urbanization will lead to an increase in use of passenger and commercial vehicles, due to which there will be growth in automotive fog lights market. China is one of the most densely populated urban centre. The automotive market of China has experienced increased growth, which will drive the automotive technology.

Key Players of Automotive Fog Lights Market:
• General Electric (U.S.)
• Magneti Marelli (Italy)
• Stanley Electric Co. Ltd. (Japan)
• HELLA KGaA Hueck & Co (Germany)
• OSRAM (Germany)
• Valeo S.A. (France)
• Warn Industries, Inc. (U.S.)
• Autolite (India) Ltd. (India)
• PIAA Corporation (U.S.)
• J.W. Speaker (U.S.)

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Market Research Future Analysis:
On the vehicle type, the market is bifurcated as passenger car, light commercial vehicle and heavy commercial vehicle. Passenger car segment expected to witness highest growth in global Automotive Fog Lights Market with share of around 63% in 2016. The growing sales of passenger cars is significantly boosting the market. Light commercial vehicles accounted the second largest share in 2016. The major factors driving the market for light commercial vehicles is the increasing demand for pickup trucks, vans and others for commercial purpose.

Scope of the Report:
This study provides an overview of the market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the market by its technology, by vehicle type, by end market and regions.

By Technology
• Halogen
• LED
• HID

By Vehicle Type
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By End Market
• OEM
• Aftermarket

By Region
• Asia Pacific
• North America
• Europe
• Rest of World

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This release was published on openPR.