Code: IMR0280 | Automotive &Transportation | Sep-2021 | 176 Pages |
In
2021, the Global Automotive Lighting Market’s size was valued at USD 27.5
billion and is estimated to reach USD 34.9 billion by 2028 and is expected to
be growing at a CAGR of 5.6 % throughout the forecast period. In this report,
2021 has been taken as the base year while 2020 is the historical year. The
forecast year for the report is 2028 to approximate the size of the market for Automotive
Lighting.
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Market Research’s report on Automotive Lighting studies the past and current
opportunities of growth and trends to get a clear picture of the growth
indicators of the market for the forecast period 2021 to 2028. The report also
offers the revenue generated by the Automotive Lighting market considering 2020
as the historical year, 2021 as the base year, and 2028 as the forecast year.
The report also consists of the compound annual growth rate (CAGR) for the Automotive
Lighting market over the forecast period.
Report Overview of Automotive Lighting Market
The Automotive Lighting market report
provides information and statistics on market shares, size, restraining
factors, and driving factors for the forecast period 2021 to 2028. It also
mentions the role of main market players in the automotive industry. The report
on Automotive Lighting market evaluates the value of the market report, keeping
in mind the application and regional segments, market share, and size while
forecasting the market for each product type and application of the Automotive
Lighting market in different segments of the report. The research report also
mentions some sections of the Automotive Lighting market including
opportunities, growth, trend, size, demand, and technology used by prominent
players of the market. Then, it gives detailed profiles of the key players as a
part of the competitive landscape of the Automotive Lighting market.
The
study of the report divides it into several sub-segments and represents the
whole automotive industry. An estimation of the revenue generated by the entire
automotive industry and its sub-segments are also provided in the report. It
decides the factors that affect the demand of the automotive industry rapidly,
including methods of development, growth networks, and the product model. The
report also points out the greatest prospects for the growth of the automotive
market such as forecasting the growth of the market, the launch of new goods,
and analysis of the product demand, purchase decisions, several economic
factors that are important to determine the trend of Automotive Lighting
market, and the attractiveness of the market. The report on the Automotive
Lighting market will help in assisting the stakeholders in identifying
high-potential customers, such as distributors and manufacturers.
Methodology of Automotive Lighting Market
The
methods used for collecting information for the report involve 4 main
activities. These activities help in estimating the current size of the Automotive
Lighting market. Thorough secondary research was conducted to collect
information on the Automotive Lighting market, such as new technologies coming
into the market, and components connected with this market. Then the collected
information was validated with experts from the automotive industry across all
the value chains through primary researches. Both top-down and bottom-up
approaches were used for estimating the market size.
The
secondary research includes collecting data from sources such as government
publications such as country-level automotive associations and organizations,
World Bank, Eurostat, Organization for Economic Co-operation and Development
(OECD), and CDC; regulatory and corporate filings such as SEC filings, annual
reports, investor presentations, and business magazines, financial statements,
press releases, and research journals, free and paid automotive databases such
as Organization International des Constructer’s d’Automobiles (OICA), Marlines,
etc., and trade, business, and professional associations. The secondary data
collected was then analyzed to predict the overall size of the market which was
later validated with primary research.
Thorough
primary research was done after getting a clear picture of the Automotive
Lighting market through secondary research. Many market experts were
interviewed for the primary research from both the supply-side players and
demand-side players and across four major regions, namely, Europe, North
America, Asia Oceania, and the Rest of the World. Apart from the interviews,
primary data was collected through mails, questionnaires, and telephonic
interviews.
Growth Mapping of Automotive Lighting Market
The
main aim of the Automotive Lighting report is to give the map of the growth for
the Automotive Lighting market that will help in providing the clients with the
required information for the formulation strategies to meet their respective
business goals. The report also provides deep knowledge of the Automotive
Lighting for the previous year as well as for the forecast years and what the
CAGR level of the market is going to be. This report is a synopsis of what the
market conditions are going to be while also giving information regarding the
market’s definition, classifications, applications, and engagements are. This
report also aims to analyze the Automotive Lighting market’s developments
including the market improvement, market position, and others which are usually
done by the prominent players and brands of the automotive industry. This
report also consists of all the market drivers and restraints which are
obtained through SWOT analysis. The report also has the CAGR values of the Automotive
Lighting market for the base years 2021, the historic year 2020, and forecast
years 2021-2028.
Regional Analysis of Automotive Lighting Market
The Automotive Lighting market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For
the forecast year 2021-2028, it has been estimated that North America will the
dominating market for Automotive Lighting. This region is expected to see growth in the automotive
industry because of the increasing population, increase in per capita income,
and improvement in living standards. There has been an increase in demand for
comfort features in vehicles and fuel-efficient vehicles which accelerates the
growth of the Automotive Lighting market. The weight reduction of vehicles and
enhanced energy efficiency is further driving the automotive industry. The
other factors which are driving the growth of the Automotive Lighting market
include the development of marketing analytics tools and firmly established
existing players in the market. In addition to this, government agencies,
companies, third-party administrators, etc. are channelizing their efforts to
make customer-centric automotive products which will also contribute to the
growth of the Automotive Lighting market in this region. Rising demand for
vehicles and their parts, increased investment by the government, new and
advanced technology, and machinery, along with the improved marketing tactics
will likely cause the Automotive Lighting market to grow substantially.
The Asia Pacific market is estimated to
grow at the highest CAGR during the forecast period (2021-2028). This growth is
driven by the increasing research activities, growing demand for vehicles and
parts, and an increasing number of initiatives by market players for expanding
their presence in the APAC, and higher adoption of Automotive Lighting in
several APAC countries. Improvements in GDP per capita and
infrastructure development have urbanized the region to a greater extent
turning rural areas into urban areas. The sudden surge in the demand has caused
the cities to fall into unsustainable consumption models. The top key players
in the Automotive Lighting market are located in the region. China and India are expected to
offer significant growth opportunities for players operating in the Automotive
Lighting market, owing to the growing support from government bodies,
increasing demand for new vehicles with special features, and the presence of
less-stringent regulations and data requirements (as compared to developed
countries) in their respective healthcare systems.
Competitive Landscape of Automotive Lighting Market
The
report provides a competitive landscape on both the quantitative as well as
qualitative research of Automotive Lighting market. The report also provides
detailed insights on the development methods used by the key market players.
The report offers deep research on the key market players and details on the
competitiveness of these players. The main business strategies used by these
players such as mergers and acquisitions (M&A), collaborations,
affiliations, and contracts are also and analyzed in the report. For each
competitor, the report studies their global presence, service offerings,
competitors, and specification. The main players covered by the study on the
global Automotive Lighting market are: Hella (Germany), Osram (Germany), Valeo
(France), Continental (Germany), Philips (Netherlands), Bosch (Germany).
The Report Provides Insights on The
Following Pointers:
● It gives a forecast analysis of factors
that are driving or restraining the development of the Automotive Lighting
market.
● The report gives a seven-year forecast
value evaluated on the basis of the current market performance of the
automotive industry.
● It helps in understanding the main
segments of the products and their future.
● The report gives a deep analysis of
changing competition in the market which keeps you ahead of your competitors.
●
The report gives the market definition of
the Automotive Lighting market along with the analysis of different factors
influencing the market such as drivers, opportunities, and restraints.
The Report Answers Questions Such As:
● What
is the potential opportunity for the Automotive Lighting market?
● What
are the major drivers, restraints, and opportunities of the Automotive Lighting
market?
● What
is the market share of the leading segments and sub-segments of the Automotive
Lighting market in the forecast period (2021-2028)?
● How
did the Automotive Lighting market evolve?
● How
each segment of the Automotive Lighting market is expected to grow during the
forecast period?
● What
is the expected revenue to be generated by each of the segments by the end of
2028?
● What
are the key development strategies implemented by the key players to stand out
in this Automotive Lighting market?
● What
is the preferred business model used for building Automotive Lighting?
● Which
area of application is expected to be the highest revenue generator in the Automotive
Lighting market during the forecast period?
● Which
end-user segment is expected to be the highest revenue generator in this
industry during the forecast period?
● What is the potential of Automotive Lighting market in the emerging countries during the forecast period?
Hella (Germany)
Osram (Germany)
Valeo (France)
Continental (Germany)
Philips (Netherlands)
Bosch (Germany).