Code: IMR0021 | Automotive &Transportation | Sep-2021 | 110 Pages |
In 2021, the Global On-highway
Vehicle Lighting Market’s size was valued at USD XX.XX billion and is estimated
to reach USD xx. xx billion by 2028 and is expected to be growing at a CAGR of 4.9
% 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 On-highway Vehicle Lighting.
Icon Market Research’s report on On-highway
Vehicle 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 On-highway Vehicle 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 On-highway Vehicle Lighting
market over the forecast period.
Overview
Report of On-highway Vehicle
Lighting Market
The On-highway Vehicle 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 On-highway Vehicle 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 On-highway
Vehicle Lighting market in different segments of the report. The research
report also mentions some sections of the On-highway Vehicle 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 On-highway Vehicle
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 On-highway Vehicle Lighting market, and the
attractiveness of the market. The report on the On-highway Vehicle Lighting
market will help in assisting the stakeholders in identifying high-potential
customers, such as distributors and manufacturers.
Methodology of
On-highway Vehicle 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 On-highway Vehicle Lighting market. Thorough
secondary research was conducted to collect information on the On-highway
Vehicle 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 On-highway Vehicle 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 On-highway Vehicle Lighting Market
The main aim of the
On-highway Vehicle Lighting report is to give the map of the growth for the On-highway
Vehicle 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 On-highway
Vehicle 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 On-highway Vehicle
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 On-highway Vehicle Lighting market for the base years
2021, the historic year 2020, and forecast years 2021-2028.
Regional
Analysis of On-highway
Vehicle Lighting Market
The On-highway Vehicle 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 On-highway
Vehicle 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 On-highway
Vehicle 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 On-highway Vehicle 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 On-highway Vehicle 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 On-highway Vehicle 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 On-highway Vehicle 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 On-highway Vehicle Lighting market are located in the region. China and India are expected to
offer significant growth opportunities for players operating in the On-highway
Vehicle 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 On-highway
Vehicle Lighting Market
The report provides a competitive
landscape on both the quantitative as well as qualitative research of On-highway
Vehicle 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 On-highway Vehicle Lighting market
are: KOITO MANUFACTURING CO., LTD., Marelli Automotive Lighting, Valeo,
Koninklijke Philips N.V., Zizala Lichtsysteme GmbH (LG Electronics).
The Report
Provides Insights on The Following Pointers:
●
It gives a forecast analysis of
factors that are driving or restraining the development of the On-highway Vehicle
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 On-highway Vehicle
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 On-highway Vehicle
Lighting market?
●
What are the major drivers, restraints, and opportunities of the On-highway
Vehicle Lighting market?
●
What is the market share of the leading segments and sub-segments
of the On-highway Vehicle Lighting market in the forecast period (2021-2028)?
●
How did the On-highway Vehicle Lighting market evolve?
●
How each segment of the On-highway Vehicle 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 On-highway Vehicle Lighting market?
●
What is the preferred business model used for building On-highway
Vehicle Lighting?
●
Which area of application is expected to be the highest revenue
generator in the On-highway Vehicle 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 On-highway Vehicle Lighting market in the
emerging countries during the forecast period?
KOITO MANUFACTURING CO., LTD.
Koninklijke Philips N.V.
Marelli Automotive Lighting
Valeo
Zizala Lichtsysteme GmbH (LG Electronics)
TYC Genera
Spyder Auto
Maxxima
Optronics International LLC