According to Automotive Lighting Market 2019 Global Industry Analysis To 2023, report on “Global Automotive Lighting Industry” published by Market Research Future, The Global Automotive Lighting market expected to rise at a 6.43% CAGR and Reach a Valuation in Excess of USD 30, 000 Mn by 2023.
— Automotive Lighting Market 2019 Global Industry Analysis To 2023, report on “Global Automotive Lighting Industry” published by Market Research Future. Global Automotive Lighting Market Information by Technology (Halogen, LED, and Xenon), Vehicle Type (Passenger Car, Light Commercial Vehicle & Heavy Commercial Vehicle), Application (Front Lights, Side Lights, Rear Lights and Interior Lights), End Market (OEM & Aftermarket), Region – Forecast till 2023.
Major Automotive Lighting Companies covered in the market report include Philips Lighting NV (Netherlands), Magneti Marelli (Italy), Ichikoh Industries Ltd (Japan), KOITO MANUFACTURING CO., LTD.(Japan), HELLA KGaA Hueck & Co (Germany), ZKW Lichtsysteme GmbH (Wieselburg), OSRAM GmbH (Germany), Peterson Manufacturing company (U.S.), Stanley Electric Co. Ltd (Japan), and General Electric (U.S.).
Free Sample “Automotive Lighting Market Research Report – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/1819
Global Market Highlights:
Global Automotive Lighting market has seen remarkable growth; expected to rise at a 6.43% CAGR. The arrival of new lighting technologies and greater emphasis on improving vehicle visibility are some of the key factors supporting the growth of the automotive lighting market.
Lighting is an important component in automobiles. It plays an important role in safety factor. It is primarily used in automobiles to increase the visibility in darkness & in bad weather conditions. It also increases the conspicuity of the vehicle.
The increased sales of passenger vehicles in emerging markets is also creating growth opportunities for market participants. Nonetheless, a large percentage of the automotive lighting components that are currently available, carry a hefty price tag, which to an extent is limits the market potentials. Meanwhile, enforcement of new safety regulations has prompted carmakers to opt for the best available lighting solutions. For modern consumers, style, safety and comfort are equally important and usually reluctant to compromise on any.
On the other hand, Factors such as the high cost of the lighting product and high costs for research and development are projected to restrict the growth of the global automotive lighting market. Nevertheless, factors such as the rapidly rising sales of passenger cars and technological innovations are estimated to support market growth during the assessment period.
MRFR has segmented the analysis into five key dynamics; for better understanding: –
By Technology: Halogen, LED, and Xenon.
By Vehicle Type: Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle among others.
By Application: Front Lights, Side Lights, Rear Lights, and Interior Lights.
By End Market: OEM and Aftermarket.
By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Based on region, the global market for automotive lighting has been segmented into Asia Pacific (APAC), Europe, North America and Rest of the world (RoW).
Among these, the market in APAC is expected to present lucrative growth opportunities for players operating in the region. Currently, the region accounts for the highest share of market and likely to continue its dominance over 2023.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
List of Tables:
TABLE 1 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 30
TABLE 2 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 34
TABLE 3 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 38
TABLE 4 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY END MARKET, 2015-2023 (USD MILLION) 42
TABLE 5 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY REGION, 2015-2023 (USD MILLION) 45
List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR 16
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18
FIGURE 3 IMPACT ANALYSIS: MARKET DRIVERS 20
FIGURE 4 SALES OF NEW VEHICLE, 2013-2016, 21
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS 22
FIGURE 6 FIVE FORCES ANALYSIS 24
FIGURE 7 VALUE CHAIN ANALYSIS 26
Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/automotive-lighting-market-1819
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Name: abhishek sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
Phone: +1 646 845 9312
Release ID: 523661
*Information contained on this page is provided by an independent third party content provider. Manager Mint Media makes no warranties or representations in connection therewith.