(MENAFN- The Express Wire) Global Automotive Lighting Market 2020 Top countries data Industry Price Trend, Size Estimation, Industry Outlook, Business Growth, Report Latest Research, Business Analysis and Forecast Analysis Research By 360 Market Updates
Posted on Sep 17 2020 4:56 AM
"Automotive Lighting Market report exhibits a pin-point breakdown of Industry dependent on type, applications, and research. Development methodologies involved by these organizations are research in detail in the report. The market size region gives the Automotive Lighting market incomes, covering both the historic growth of the market and forecast.
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Global ' Automotive Lighting Market Size report 2020 - 2024 gives complete analysis of industry position and viewpoint of main regions based on of major key players, country, product types, and end industries. Automotive Lighting Market report categorizes the market based on manufacturers, regions, type and application. Automotive Lighting Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data. Automotive Lighting Market report categorizes the market based on manufacturers, regions, type, and application. Automotive Lighting Market reports offer a detailed assessment of the Automotive Lighting including enabling technologies, current market situation, market assumptions, restraining factors.
Report focuses on the global market, especially in United States, Europe, China, Japan, South Korea, North America, and India.
Get a Sample PDF of Automotive Lighting Market 2020
Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
Top-List of Key-players in 2020 of Automotive Lighting Market:-
- Stanley Electric Co.
- Ltd
- Valeo Group
- Hyundai Mobis
- Philips
- HELLA KGaA Hueck & Co.
- Magnetic Marelli S.p.A
- AGM Automotive LLC
- Ichikoh Industries
- Ltd.
- Lumax Industries Ltd.
- Jiangsu Tongming Auto Lamp Co.
- Ltd.
The Global Automotive Lighting market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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The global automotive lighting market is expected to register a CAGR of 7.23% during the forecast period (2018 - 2023), with a market size of USD 37.84 billion by 2023.
Evolving Lighting Technologies in Automotive Industry
LEDS and laser are most trending automotive lighting technologies, and gradually experiencing increase in the adoption rate majorly in the luxury and premium type segmented vehicles. Among the aforementioned lighting technology, LEDS have already started penetrating into medium class cars. Exterior lighting being an essential part for every automobiles, has significantly covered a major of the lighting market.
There have been growing concerns for vehicular safety around the world. Exterior lighting forms an important part of vehicular safety. Many countries have come out with stringent lighting regulations that require a specific brightness or temperature of the headlamps. This is driving the automotive lighting market. Automobiles in developed economies have already come up with a higher standard of lighting but in order to save on costs, they often do not meet the regulations. This will cause the developing markets to rise at higher rates.
Asia-Pacific Covering Major Share in the Market
Car manufacturers known for their more flamboyant interiors have been gaining popularity, especially in the fast-growing Asia-Pacific. In some of the Asia-Pacific countries, the prices of automobiles are relatively high and customers expect a high quality of interiors and exteriors at that price point, so manufacturers have to invest in upgrading them specifically for the price conscious Asia-Pacific region.
Increasing Passenger Car Sales to Boost the Market
Passenger cars sales have been increasing across the globe. In 2016, global passenger car sales accounted for 69,464,432 units. China has the largest share for passenger vehicles, followed by the United States, Japan, Germany, South Korea and India. China alone contributed to 26.99% of the global sales. This improvement in sales in expected to encourage automakers to ramp up the production activities, driving the market for automotive lighting over the forecast period.
Major Players: KOITO MANUFACTURING CO. LTD, STANLEY ELECTRIC CO. LTD, VALEO GROUP, MAGNETIC MARELLI S.P.A amongst others.
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The global Automotive Lighting market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Automotive Lighting Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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Key Developments in the Automotive Lighting Market:
Reasons to Purchase this Report:
- Provides latest insights into the Automotive Lighting Industry.
- Analysis of the competitive landscape in the automotive lighting market
- Analyzes the market scenario with the help of Porter's Five Forces Analysis.
- Forecasts the market value by assessing the impact of the market drivers and constraints.
- 3 months analyst support along with the Market Estimate sheet (in excel).
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Finally, the report Global Automotive Lighting Market 2020 describes the Automotive Lighting industry expansion game plan, the Automotive Lighting industry knowledge supply, appendix, analysis findings, and the conclusion.
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