Market Overview:
The global commercial vehicle rear combination lamp 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 commercial vehicles, especially in emerging economies such as China and India. Additionally, the increasing adoption of LED technology in rear combination lamps is also contributing to the growth of this market. The global commercial vehicle rear combination lamp market can be segmented on the basis of type into bulb type and LED type. The bulb type segment is expected to dominate the global commercial vehicle rear combination lamp market during the forecast period owing to its low cost and easy installation process.
Product Definition:
A commercial vehicle rear combination lamp is a light assembly that is typically mounted at the rear of a truck or other commercial vehicle. This assembly includes both red and white lights, which are used to indicate the presence and direction of the vehicle to other drivers. The importance of having these lamps properly functioning is twofold; first, they provide warning signals to drivers in adjacent lanes that a large, potentially hazardous object is approaching; secondly, they help identify the direction in which the vehicle is traveling so that drivers can take appropriate action.
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 type of light source in LED is a single color, small size and can be easily integrated into the rear combination lamp. The technology has evolved over decades with incandescent bulbs to today's compact and efficient LEDs. The cost of LED has come down drastically owing to mass production techniques adopted by manufacturers such as continuous wave (CWD) manufacturing and high volume low price (HV LBP) strategy implemented by Taiwan’s lighting companies like NTP Inc.
Application Insights:
The light duty application segment dominated the global market in 2017. This can be attributed to growing demand for such vehicles in developing countries, such as India and China. In addition, factors like increasing production of commercial vehicles in developed countries including U.S., Germany and France are expected to drive the product demand over the forecast period.
The heavy-duty segment is anticipated to witness significant growth over the forecast period owing to rising construction activities across developing countries, particularly in Asia Pacific and Middle East & Africa regions. Factors like availability of a large number of potential customers with high income levels coupled with easy access to credit facilities has facilitated manufacturers operating within these regions expand their presence across various markets within these regions by introducing new products or improving existing ones depending upon consumer requirements which is likely to propel market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing sales of commercial vehicles in countries such as China, India, and Japan. Moreover, rising number of accidents involving heavy commercial vehicles will drive the demand for retrofitting combination lamps in Asia Pacific region over the forecast period.
Europe accounted for more than 25% share in 2017 owing to stringent regulations by European government regarding use of energy-efficient lighting solutions for vehicle exterior applications. In addition, growing adoption of LED lighting technology across various industries including transportation will positively impact market growth over the forecast period. For instance; according to OICA; Europe was one among top five automotive markets globally and it accounted for around 11% share in 2016 due to high demand from several key markets including Germany and U.K.
Growth Factors:
- Increasing demand for commercial vehicles
- Rising awareness about the benefits of using rear combination lamps
- Technological advancements in rear combination lamp products
- Growing number of regulations and standards for rear combination lamps
- Increasing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Rear Combination Lamp Market Research Report
By Type
Bulb Type, LED Type
By Application
Light, Heavy Duty
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Rear Combination Lamp Market Report Segments:
The global Commercial Vehicle 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
Light, Heavy Duty
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 Commercial Vehicle 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:
- Light
- Heavy Duty
- 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 Commercial Vehicle 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?
A rear combination lamp is a type of vehicle lighting that emits light from both the front and the rear of a vehicle.
Some of the key players operating in the commercial vehicle rear combination lamp market are Osram, Hella, Valeo SA, Peterson Manufacturing, Stanley Electric, Magneti Marelli, Koito Manufacturing, General Electric (GE), Lucidity Enterprise, PROPLAST Fahrzeugbeleuchtung.
The commercial vehicle rear combination lamp market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle 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 Commercial Vehicle Rear Combination Lamp Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle Rear Combination Lamp Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Rear Combination Lamp Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle 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 Light
6.2.2 Heavy Duty
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle 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 Commercial Vehicle 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 Light
9.10.2 Heavy Duty
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 Light
10.10.2 Heavy Duty
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 Light
11.10.2 Heavy Duty
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 Light
12.10.2 Heavy Duty
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 Light
13.10.2 Heavy Duty
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 Commercial Vehicle Rear Combination Lamp Market: Competitive Dashboard
14.2 Global Commercial Vehicle 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
