Market Overview:
The global automotive rear combination lamp 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%. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. The global automotive rear combination lamp market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into bulb type and LED type. The bulb type segment is expected to account for a major share of the global automotive rear combination lamp market during the forecast period owing to its low cost as compared to LED types. However, LED types are expected to grow at a higher CAGR during 2018-2030 due its superior features such as low power consumption, longer life span etc. On the basis of application,the global automotive rear combination lampmarket has been divided into passenger vehicle and commercial vehicle segments.
Product Definition:
A rear combination lamp, also called a taillamp, is an automotive lighting device mounted on the rear of a vehicle. It consists of one or more lamps which emit light to the rear and sides of a vehicle to indicate the presence, position, and direction of traffic.
Bulb Type:
The type of bulbs used in rear combination lamps depends on the application. The most common types are HID, halogen and LED. Halogen is mostly used for its brightness and intensity whereas LED is preferred due to low power consumption, high durability & efficiency along with longer life span.
LED Type:
The rear combination lamp is a type of lighting system used in automobiles to ensure safety while driving at night. The combination lamps are designed with two light sources that provide an omnidirectional light pattern, which helps the driver to view the path ahead without any blind spots. The technology has evolved over time and now offers multiple functionalities such as providing high-beam lights for increased visibility and low/high beam settings for different road conditions or weather conditions.
Application Insights:
The passenger vehicle application segment led the global automotive rear combination lamp market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for passenger vehicles with better visibility as compared to their counterparts with backlights, especially in low-light conditions. Moreover, technological advancements such as LED lighting technology that provides better illumination than conventional light sources are further expected to propel industry growth over the coming years.
The commercial vehicle application segment is anticipated to witness substantial growth during the forecast period owing to rising demand from construction and mining industries for trucks and buses equipped with high-performance lighting systems, respectively. Furthermore, governments across various regions have implemented stringent regulations regarding road safety that has resulted in increased adoption of advanced safety equipment including rear combination lamps on commercial vehicles thus propelling industry expansion over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing sales of passenger vehicles and rising disposable income. Furthermore, favorable government regulations are anticipated to boost demand for automobiles in countries such as India, China, and Japan over the forecast period.
Europe accounted for a major market share in 2017 owing to stringent laws regarding driving safety implemented by various governments across Europe since early 20th century which has resulted into development of advanced safety features on vehicle bodies including combination lamps. Moreover, presence of prominent luxury car manufacturers such as AUDI AG and BMW AG will further increase product visibility across this region during the forecast period.
North America is projected to expand at a CAGR exceeding 6% from 2018 to 2030 due an increasing number or fatal accidents involving motor vehicles leading towards demand for improved driver assistant systems including ACC that include blind spot detection system (BSD) and cross path detection system (CPD).
Growth Factors:
- Increasing demand for automobiles: The global automotive market is expected to grow at a CAGR of 4.5% from 2016 to 2020, reaching a value of .7 trillion by 2020. This growth is primarily attributed to the increasing demand for automobiles in developing countries such as China and India.
- Stringent safety regulations: Stringent safety regulations across the globe are prompting automakers to equip their vehicles with advanced safety features such as rear combination lamps, which are essential for safe driving at night or in low-light conditions.
- Technological advancements: Automotive rear combination lamps are witnessing rapid technological advancements, with new features being introduced regularly into the marketplacesuch as LED lighting systems and automatic brake lights that improve the overall aesthetics of vehicles and make them safer to drive in various conditions..
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Rear Combination Lamp Market Research Report
By Type
Bulb Type, LED Type
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Osram, Hella, Valeo SA, Peterson Manufacturing, Stanley Electric, Magneti Marelli, Koito Manufacturing, General Electric (GE), Lucidity Enterprise, PROPLAST Fahrzeugbeleuchtung
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Rear Combination Lamp Market Report Segments:
The global Automotive Rear Combination Lamp market is segmented on the basis of:
Types
Bulb Type, LED Type
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 Vehicle, Commercial Vehicle
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:
- Osram
- Hella
- Valeo SA
- Peterson Manufacturing
- Stanley Electric
- Magneti Marelli
- Koito Manufacturing
- General Electric (GE)
- Lucidity Enterprise
- PROPLAST Fahrzeugbeleuchtung
Highlights of The Automotive Rear Combination Lamp 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:
- Bulb Type
- LED Type
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Rear Combination Lamp 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
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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?
An automotive rear combination lamp is a type of light used in automobiles. It is a series of three lamps mounted on the rearview mirror, one above each other. The middle lamp emits a white light, while the two lower lamps emit red and green lights, respectively.
Some of the major players in the automotive rear combination lamp market are Osram, Hella, Valeo SA, Peterson Manufacturing, Stanley Electric, Magneti Marelli, Koito Manufacturing, General Electric (GE), Lucidity Enterprise, PROPLAST Fahrzeugbeleuchtung.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Rear Combination Lamp 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 Rear Combination Lamp Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Rear Combination Lamp 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 Rear Combination Lamp 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 Rear Combination Lamp Market Size & Forecast, 2020-2028
4.5.1 Automotive Rear Combination Lamp Market Size and Y-o-Y Growth
4.5.2 Automotive Rear Combination Lamp Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Bulb Type
5.2.2 LED Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Rear Combination Lamp 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 Rear Combination Lamp 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Bulb Type
9.6.2 LED Type
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Bulb Type
10.6.2 LED Type
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Bulb Type
11.6.2 LED Type
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Bulb Type
12.6.2 LED Type
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Bulb Type
13.6.2 LED Type
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Rear Combination Lamp Market: Competitive Dashboard
14.2 Global Automotive Rear Combination Lamp Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Osram
14.3.2 Hella
14.3.3 Valeo SA
14.3.4 Peterson Manufacturing
14.3.5 Stanley Electric
14.3.6 Magneti Marelli
14.3.7 Koito Manufacturing
14.3.8 General Electric (GE)
14.3.9 Lucidity Enterprise
14.3.10 PROPLAST Fahrzeugbeleuchtung
