[225+ Pages PDF Report] Global automotive lighting market was USD 27 billion in 2019 and is anticipated to reach around USD 35 billion by 2026. The anticipated CAGR for the global automotive lighting market is around 5.5% from 2020 to 2026.
The report encompasses the forecast as well as analysis of the automotive lighting market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the automotive lighting market report.
We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Automotive lighting market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the automotive lighting market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the automotive lighting market.
The study provides a decisive view of the automotive lighting market by segmenting the wig market based on types, applications, and regions.
The automotive lighting market is classified based on type and application. Based on type, the global automotive lighting market is bifurcated into Halogen, Xenon, LED, and others Moreover, the report also categorized the global automotive lighting market on the basis of application. Passenger vehicle and commercial vehicle is the application segment of the market.
All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Rising production of new electric cars paired with stringent government regulation is the major driving factor for the growth of the automotive lighting market in the analysis period. Moreover, ongoing development in product offerings by key manufacturers coupled with surging demand for better visibility and safety is predicted to support the growth of the global automotive lighting market. Furthermore, the implementation of rules and regulations by different countries, rising disposable income is also a major factor expected to propel the market demand in years to come. On the contrary, the high cost of LED lights is predicted to limit the growth of the global automotive lighting market. Even so, advancement in technologies is estimated to offers new alluring opportunities for the automotive lighting market in the forecast period.
Key noticeable players operative in global automotive lighting market are Osram, Valeo, Continental, North American Lighting, Renesas, Lumax, Aptiv, Stanley Electric , Grupo Antolin, Keboda, Grupo Antolin, Lear Corporation, Philips, Bosch, Varroc, Hyundai Mobis, Hella, Koito, Denso, NXP, Gentex, FlexNGate, Federal-Mogul, and Marelli amongst others.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Attractiveness Analysis: By Vehicle Type
Our Analysts and Consultants are working ceaselessly to congregate, identify, analyze, and portray the Actual Impacts of COVID-19 Global Pandemic in each of our published as well as ongoing research reports to Redefine and Revise Current and Future Market Trends, Growth Rates, And Market Size Projections across the Globe as well as in different Regions and individual Countries.
Still haven't found what you're looking for? Speak to our Custom Research TeamLearn More