Market Overview:
The global automotive turn lights market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, technological advancements in LED and HID lamps are also propelling the growth of this market. Based on type, incandescent lamps held a major share of the global automotive turn lights market in 2017. However, light emitting diodes (LED) is expected to be the fastest growing segment during the forecast period owing to its advantages such as low power consumption, longer life span and high brightness levels over other types of lamps. Based on application, commercial vehicles held a major share of the global automotive turn lights market in 2017.
Product Definition:
Automotive turn lights are a type of signal light found on most cars, which allow the driver to indicate that they are about to make a turn. These lights come in two varieties: amber and white. Amber turn signals are used in the United States, while white turn signals are used in other countries.
Incandescent Lamps:
Incandescent lamps are the most commonly used light source in automotive turn lights. They have a wide range of application and provide better illumination as compared to halogen or fluorescent bulbs. Incandescent lamps are available in two forms: general service (GS) and specialty service (SS). GS type is used for low-speed driving conditions, whereas SS type is designed for high-speed driving conditions.
Light Emitting Diodes(LED):
LEDs are digitally programmable and can be controlled by microcontrollers to provide a variety of functions such as brake lights, turn indicators, hazard lights and warning signals. LEDs also offer longer operational life over conventional lighting solutions due to their low power consumption nature.
The global light-emitting diodes market is expected to witness significant growth over the forecast period owing to its applications in automotive turn lights.
Application Insights:
Passenger vehicle application segment led the global automotive turn lights market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to rising sales of passenger vehicles, especially in developing countries such as China, India and Brazil. Moreover, increasing penetration of LED-based lamps for turn indicators has been contributing significantly to segment growth.
The commercial vehicle application segment accounted for a significant share in 2017 owing to growing demand from end-use industries including mining and construction sites across various regions globally.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising disposable income, increasing vehicle production, and favorable government regulations. In addition, growing adoption of LED lights is also expected to drive demand in APAC over the forecast period.
The North American market was valued at USD X billion in 2017 owing to high demand from U.S., which accounts for a major share of global automotive production as well as sales every year since 2010’s data has shown that U.S.
Growth Factors:
- Increasing demand for luxury and sports cars
- Rising disposable income of consumers in developing countries
- Technological advancements in turn light systems
- Stringent government regulations for vehicle safety standards
- Growing awareness about the benefits of turn lights among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Turn Lights Market Research Report
By Type
Incandescent Lamps, Light Emitting Diodes(LED), High Intensity Discharge(HID), Neon Tubes
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
Koito, Valeo, Magneti Marelli, Hella, Stanley Electric, Ichikoh, ZKW Group, Varroc, SL Corporation, TYC, Koito, Xingyu, Hyundai IHL, Imasen Electric, Fiem
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Turn Lights Market Report Segments:
The global Automotive Turn Lights market is segmented on the basis of:
Types
Incandescent Lamps, Light Emitting Diodes(LED), High Intensity Discharge(HID), Neon Tubes
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
Commercial Vehicle, Passenger 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:
- Koito
- Valeo
- Magneti Marelli
- Hella
- Stanley Electric
- Ichikoh
- ZKW Group
- Varroc
- SL Corporation
- TYC
- Koito
- Xingyu
- Hyundai IHL
- Imasen Electric
- Fiem
Highlights of The Automotive Turn Lights 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:
- Incandescent Lamps
- Light Emitting Diodes(LED)
- High Intensity Discharge(HID)
- Neon Tubes
- By Application:
- Commercial Vehicle
- Passenger 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 Turn Lights 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 turn lights are a type of lighting system used in automobiles, trucks, buses and other vehicles. They are typically located on the front and rear of the vehicle to indicate when it is about to make a turn.
Some of the key players operating in the automotive turn lights market are Koito, Valeo, Magneti Marelli, Hella, Stanley Electric, Ichikoh, ZKW Group, Varroc, SL Corporation, TYC, Koito, Xingyu, Hyundai IHL, Imasen Electric, Fiem.
The automotive turn lights market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Turn Lights 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 Turn Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Turn Lights 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 Turn Lights 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 Turn Lights Market Size & Forecast, 2020-2028
4.5.1 Automotive Turn Lights Market Size and Y-o-Y Growth
4.5.2 Automotive Turn Lights 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 Incandescent Lamps
5.2.2 Light Emitting Diodes(LED)
5.2.3 High Intensity Discharge(HID)
5.2.4 Neon Tubes
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 Commercial Vehicle
6.2.2 Passenger Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Turn Lights 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 Turn Lights 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 Incandescent Lamps
9.6.2 Light Emitting Diodes(LED)
9.6.3 High Intensity Discharge(HID)
9.6.4 Neon Tubes
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 Commercial Vehicle
9.10.2 Passenger 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 Incandescent Lamps
10.6.2 Light Emitting Diodes(LED)
10.6.3 High Intensity Discharge(HID)
10.6.4 Neon Tubes
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 Commercial Vehicle
10.10.2 Passenger 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 Incandescent Lamps
11.6.2 Light Emitting Diodes(LED)
11.6.3 High Intensity Discharge(HID)
11.6.4 Neon Tubes
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 Commercial Vehicle
11.10.2 Passenger 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 Incandescent Lamps
12.6.2 Light Emitting Diodes(LED)
12.6.3 High Intensity Discharge(HID)
12.6.4 Neon Tubes
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 Commercial Vehicle
12.10.2 Passenger 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 Incandescent Lamps
13.6.2 Light Emitting Diodes(LED)
13.6.3 High Intensity Discharge(HID)
13.6.4 Neon Tubes
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 Commercial Vehicle
13.10.2 Passenger 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 Turn Lights Market: Competitive Dashboard
14.2 Global Automotive Turn Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koito
14.3.2 Valeo
14.3.3 Magneti Marelli
14.3.4 Hella
14.3.5 Stanley Electric
14.3.6 Ichikoh
14.3.7 ZKW Group
14.3.8 Varroc
14.3.9 SL Corporation
14.3.10 TYC
14.3.11 Koito
14.3.12 Xingyu
14.3.13 Hyundai IHL
14.3.14 Imasen Electric
14.3.15 Fiem
