Market Overview:
The global automotive reflex reflector 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 cars and commercial vehicles across the globe. The global automotive reflex reflector market has been segmented on the basis of type, application and region. On the basis of type, the round type segment is expected to account for a major share of the global automotive reflex reflector market during 2018-2030. This can be attributed to its easy installation and low manufacturing cost as compared to other types available in the market. However, on account of increasing awareness about safety among consumers, triangle type is projected to exhibit highest CAGR over forecast period. On the basis of application, passenger cars are anticipated witness higher adoption rates as compared with commercial vehicles during 2018-2030 owing rising demand for personal transportation globally.
Product Definition:
Reflex reflector is a device which helps in the easy and safe identification of the vehicle from long distances. It is fixed at the rear end of the car and emits light when hit by any other object coming from behind. This light can be seen easily by the drivers coming from front and they can take necessary precautions.
Round Type:
Reflex reflectors are used in automotive parts to increase the light output from headlamps and other lighting systems. The most common application of these products is found in car bumpers, which help to amplify the light produced by the headlamp and send it back towards its source.
Triangle Type:
Triangle type is a reflector used in automotive applications. It is designed to provide high visibility from the front and rear of the vehicle. The product can be categorized into two types including convex and concave type depending upon its construction. Convex type provides better coverage compared to concave, however, both are used in similar manner as they focus light oncoming traffic during night time driving conditions or any low-light environment where other conventional reflectors would fail to perform optimally.
Application Insights:
The passenger cars segment held the largest share of over 60.0% in 2017. The growing demand for passenger vehicles is projected to remain a prominent factor driving the growth of this application segment over the forecast period. In addition, increasing production capacities in key markets including China and India are expected to drive industry growth over the coming years.
Reflex reflectors are used in commercial vehicles as well as light trucks for providing safety during night time operations or while loading and unloading goods from lorries on uneven surfaces such as concrete or gravel roadsides, parking lots etcetera. Growing emphasis on improving road safety by reducing vehicle speeds through effective traffic management is likely to result in increased adoption of reflex reflectors by governments across countries worldwide, which will further fuel market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in total volume sales owing to increasing demand from emerging economies such as China, India, and Japan. Furthermore, rising disposable income coupled with growing consumer preference towards luxury vehicles is expected to drive the regional market growth over the forecast period.
The North American market was valued at USD X million in 2017 and is anticipated to witness significant growth during the projected time frame on account of increasing adoption by U.S.-based manufacturers including General Motors Company; Ford Motor Company; Tesla Inc.; among others for manufacturing various types of vehicles including passenger cars, commercial trucks among others.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries
- Technological advancements in automotive reflex reflector that improve performance and safety
- Stringent government regulations for vehicle safety that mandate the use of reflex reflectors
- Growing awareness about the benefits of using automotive reflex reflectors among consumers
- Rising demand for luxury cars that come equipped with advanced safety features
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Reflex Reflector Market Research Report
By Type
Round Type, Triangle Type
By Application
Passenger Cars, Commercial Vehicles
By Companies
HELLA (Germany), Fujisangyo (Japan), KYOWA (Japan), Sanei Industries (Japan), Toyoda Giken (Japan), H & K reflex (Germany), TYC EUROPE (Belgium), K-LITE (China), HELLA (Germany)
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Reflex Reflector Market Report Segments:
The global Automotive Reflex Reflector market is segmented on the basis of:
Types
Round Type, Triangle 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 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:
- HELLA (Germany)
- Fujisangyo (Japan)
- KYOWA (Japan)
- Sanei Industries (Japan)
- Toyoda Giken (Japan)
- H & K reflex (Germany)
- TYC EUROPE (Belgium)
- K-LITE (China)
- HELLA (Germany)
Highlights of The Automotive Reflex Reflector 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:
- Round Type
- Triangle Type
- 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 Reflex Reflector 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
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- Consumer Insights
- Understanding Competition Scenario
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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?
Reflectors are a type of automotive lighting that redirect light in a specific direction. Automotive reflex reflectors use mirrors to direct the light back towards the headlight, increasing its brightness and improving visibility.
Some of the key players operating in the automotive reflex reflector market are HELLA (Germany), Fujisangyo (Japan), KYOWA (Japan), Sanei Industries (Japan), Toyoda Giken (Japan), H & K reflex (Germany), TYC EUROPE (Belgium), K-LITE (China), HELLA (Germany).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Reflex Reflector 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 Reflex Reflector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Reflex Reflector 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 Reflex Reflector 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 Reflex Reflector Market Size & Forecast, 2018-2028
4.5.1 Automotive Reflex Reflector Market Size and Y-o-Y Growth
4.5.2 Automotive Reflex Reflector Market Absolute $ Opportunity
Chapter 5 Global Automotive Reflex Reflector 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 Reflex Reflector Market Size Forecast by Type
5.2.1 Round Type
5.2.2 Triangle Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Reflex Reflector 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 Reflex Reflector 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 Reflex Reflector 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 Reflex Reflector 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 Reflex Reflector Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Reflex Reflector 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 Reflex Reflector Market Size Forecast by Type
9.6.1 Round Type
9.6.2 Triangle 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 Automotive Reflex Reflector 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 Reflex Reflector Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Reflex Reflector 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 Reflex Reflector Market Size Forecast by Type
10.6.1 Round Type
10.6.2 Triangle 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 Automotive Reflex Reflector 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 Reflex Reflector Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Reflex Reflector 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 Reflex Reflector Market Size Forecast by Type
11.6.1 Round Type
11.6.2 Triangle 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 Automotive Reflex Reflector 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 Reflex Reflector Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Reflex Reflector 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 Reflex Reflector Market Size Forecast by Type
12.6.1 Round Type
12.6.2 Triangle 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 Automotive Reflex Reflector 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 Reflex Reflector Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Reflex Reflector 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 Reflex Reflector Market Size Forecast by Type
13.6.1 Round Type
13.6.2 Triangle 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) Automotive Reflex Reflector 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 Reflex Reflector Market: Competitive Dashboard
14.2 Global Automotive Reflex Reflector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HELLA (Germany)
14.3.2 Fujisangyo (Japan)
14.3.3 KYOWA (Japan)
14.3.4 Sanei Industries (Japan)
14.3.5 Toyoda Giken (Japan)
14.3.6 H & K reflex (Germany)
14.3.7 TYC EUROPE (Belgium)
14.3.8 K-LITE (China)
14.3.9 HELLA (Germany)
