Market Overview:
The global automotive lamp parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Arc Lamp Assembly is expected to account for a major share of the global automotive lamp parts market in terms of value, followed by Electronic Controller, Booster and Others. Passenger Cars segment is anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period. However, Commercial Vehicles segment is expected to register highest CAGR over 2018-2030 owing to increasing demand from developing countries such as India and China. Regionally, North America dominates the global automotive lamp parts market with maximum revenue share followed by Europe and Asia Pacific respectively.
Product Definition:
An automotive lamp is a lighting device used in an automobile. Automotive lamps are generally either headlights, which emit light to illuminate the road in front of the vehicle, or tail lights, which emit light to indicate the presence and location of a vehicle from behind.
Arc Lamp Assembly:
The arc lamp assembly is a device that emits light by means of an electric current passed through the gas mixture. It consists of two electrodes, one positive and the other negative, separated by a filament or cable. The whole assembly is enclosed in a glass tube to protect it from external elements.
Electronic Controller:
An electronic controller is a device that regulates and monitors the functioning of an automotive lamp. The function of an electronic controller is to turn on/off the light in response to a signal received from the sensor or by using programmed settings. In addition, it varies intensity and color of light according to user requirements.
Application Insights:
The passenger cars segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The increasing number of young population, especially in countries such as India and China, has led to a significant increase in demand for passenger vehicles. This trend is expected to continue over the forecast period thus driving automotive lamp parts demand.
Commercial vehicles are also estimated to witness steady growth owing to rising industrialization and urbanization projects across developing nations such as Brazil, Indonesia, Malaysia and others. Growing emphasis on energy-efficient products by manufacturers will further boost product adoption across commercial vehicle applications including construction equipment trucks/lorries/vans with HID lighting systems for improved visibility at night time or during foggy weather conditions.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing production of vehicles in China, India, Japan, and South Korea. Moreover, rising disposable income coupled with a growing preference for passenger cars is expected to drive demand over the next eight years. Europe also held a significant market share owing to high demand from Germany and Italy on account of favorable government policies such as subsidies provided by Regional Development Agencies (RDAs) encouraging manufacturers/suppliers operating within their territories to develop new products or upgrade existing ones with latest technology components resulting into higher sales volumes thus generating greater revenues for automotive lamp parts suppliers across Europe.
Growth Factors:
- Increasing demand for automotive lamps from the developing countries owing to the increasing disposable income of the population.
- Rising demand for LED lamps in automotive applications on account of their superior performance as compared to conventional light sources.
- Growing popularity of autonomous and electric vehicles, which is expected to result in an increase in demand for lamp parts over the forecast period.
- Proliferation of advanced lighting technologies such as laser lighting that offer better illumination and longer life spans as compared to traditional light sources, resulting in an increase in their adoption by automakers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Lamp Parts Market Research Report
By Type
Arc Lamp Assembly, Electronic Controller, Booster, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Mitsubishi Electric (Japan), Magna International (Canada), Valeo Group (France), HELLA (Germany), Federal-Mogul Holdings (USA), OSRAM Licht (Germany), Changzhou Xingyu Automotive Lighting Systems (China), 3M (USA), Aar Aar Technoplast (India), Akiba Die Casting (Japan), Mitsubishi Electric (Japan), Asahi Kosei (Japan), Asai kogyosho (Japan), Biko Sangyo (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Lamp Parts Market Report Segments:
The global Automotive Lamp Parts market is segmented on the basis of:
Types
Arc Lamp Assembly, Electronic Controller, Booster, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Electric (Japan)
- Magna International (Canada)
- Valeo Group (France)
- HELLA (Germany)
- Federal-Mogul Holdings (USA)
- OSRAM Licht (Germany)
- Changzhou Xingyu Automotive Lighting Systems (China)
- 3M (USA)
- Aar Aar Technoplast (India)
- Akiba Die Casting (Japan)
- Mitsubishi Electric (Japan)
- Asahi Kosei (Japan)
- Asai kogyosho (Japan)
- Biko Sangyo (Japan)
Highlights of The Automotive Lamp Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Arc Lamp Assembly
- Electronic Controller
- Booster
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Lamp Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive lamp parts are the various pieces that go into making a car's headlights and taillights. These parts include the light bulbs, reflectors, lenses, and other components.
Some of the major companies in the automotive lamp parts market are Mitsubishi Electric (Japan), Magna International (Canada), Valeo Group (France), HELLA (Germany), Federal-Mogul Holdings (USA), OSRAM Licht (Germany), Changzhou Xingyu Automotive Lighting Systems (China), 3M (USA), Aar Aar Technoplast (India), Akiba Die Casting (Japan), Mitsubishi Electric (Japan), Asahi Kosei (Japan), Asai kogyosho (Japan), Biko Sangyo (Japan).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Lamp Parts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Lamp Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Lamp Parts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Lamp Parts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Lamp Parts Market Size & Forecast, 2018-2028
4.5.1 Automotive Lamp Parts Market Size and Y-o-Y Growth
4.5.2 Automotive Lamp Parts Market Absolute $ Opportunity
Chapter 5 Global Automotive Lamp Parts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Lamp Parts Market Size Forecast by Type
5.2.1 Arc Lamp Assembly
5.2.2 Electronic Controller
5.2.3 Booster
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Lamp Parts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Lamp Parts Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Lamp Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Lamp Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Lamp Parts Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Lamp Parts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Lamp Parts Market Size Forecast by Type
9.6.1 Arc Lamp Assembly
9.6.2 Electronic Controller
9.6.3 Booster
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Lamp Parts Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Lamp Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Lamp Parts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Lamp Parts Market Size Forecast by Type
10.6.1 Arc Lamp Assembly
10.6.2 Electronic Controller
10.6.3 Booster
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Lamp Parts Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Lamp Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Lamp Parts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Lamp Parts Market Size Forecast by Type
11.6.1 Arc Lamp Assembly
11.6.2 Electronic Controller
11.6.3 Booster
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Lamp Parts Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Lamp Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Lamp Parts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Lamp Parts Market Size Forecast by Type
12.6.1 Arc Lamp Assembly
12.6.2 Electronic Controller
12.6.3 Booster
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Lamp Parts Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Lamp Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Lamp Parts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Lamp Parts Market Size Forecast by Type
13.6.1 Arc Lamp Assembly
13.6.2 Electronic Controller
13.6.3 Booster
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Lamp Parts Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Lamp Parts Market: Competitive Dashboard
14.2 Global Automotive Lamp Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Electric (Japan)
14.3.2 Magna International (Canada)
14.3.3 Valeo Group (France)
14.3.4 HELLA (Germany)
14.3.5 Federal-Mogul Holdings (USA)
14.3.6 OSRAM Licht (Germany)
14.3.7 Changzhou Xingyu Automotive Lighting Systems (China)
14.3.8 3M (USA)
14.3.9 Aar Aar Technoplast (India)
14.3.10 Akiba Die Casting (Japan)
14.3.11 Mitsubishi Electric (Japan)
14.3.12 Asahi Kosei (Japan)
14.3.13 Asai kogyosho (Japan)
14.3.14 Biko Sangyo (Japan)
