Market Overview:
The global headlight bulb market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for LED headlight bulbs and rising awareness about their benefits over traditional halogen and xenon headlight bulbs. The global headlight bulb market by type is segmented into LED, halogen, and xenon headlights. The LED headlights segment is expected to grow at a CAGR of 9% during the forecast period from 2018 to 2030, owing to its advantages such as low power consumption, long life span, and high brightness levels. The halogen headlights segment is projected to account for the second-largest share of the global headlight bulb market by type in 2018.
Product Definition:
A headlight bulb is a lamp that emits light from a glowing filament and is used in vehicles to provide illumination at night or in poor visibility conditions.
LED:
LED is a semiconductor that emits light when electricity is applied. The most commonly used LED has three leads, which can be seen in the figure 1 below. It is usually small and flat and located on an insulator base (the glass or plastic). The leads are covered with a thin layer of aluminum to protect them from external influences such as heat, moisture, etc.
Halogen:
The halogen is a chemical element that consists of a halide (hal + id) and is represented by the symbol H. The word “halogen” is derived from the Greek word “hail” which means snow; hence, it was given due to its similar properties like that of snow. It occurs in nature as crystals called ice-snow or hailstone. It usually occurs in combination with other elements such as sulfur, oxygen, and nitrogen.
Application Insights:
The OEMs segment held the largest market share of over 70% in 2017. The headlight bulbs manufactured by OEMs are designed specifically for vehicles and comply with stringent safety norms set forth by regulatory authorities such as U.S. Department of Transportation (DOT) and European Commission (EC). These regulations require automotive manufacturers to meet certain performance standards when it comes to headlamp design and functionality, which is a major factor contributing to the large share of the OEMs segment.
Regional Analysis:
North America dominated the market in 2017 owing to the growing demand for vehicles with advanced lighting systems. The region is expected to witness a CAGR of XX% during the forecast period. Increasing production and sales of luxury vehicles are projected to drive product demand in this region. For instance, according to OICA, North America accounted for 23% share of global automotive production in 2016 and is expected to grow at a rate of nearly 4% from 2017 to 2021.
Asia Pacific headlight bulb industry is anticipated gain significant traction on account rising disposable income especially among middle-class population groups resulting into increased vehicle sales on account domestic manufacturers entering into export markets thus creating opportunities for aftermarket services as well as OEMs across key economies including China, Japan, India and South Korea coupled with increasing FDI investments by multinational companies such as Volkswagen Group; Honda Motor Co., Ltd.
Growth Factors:
- Increasing demand for automobiles
- Technological advancements in headlight bulbs
- Stringent government regulations for vehicle safety standards
- Rising consumer awareness about the benefits of using LED headlight bulbs
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Headlight Bulb Market Research Report
By Type
LED, Halogen, Xenon
By Application
OEMs, Aftermarket
By Companies
Princeton Tec, Petzl, Nitecore, Energizer, Black Diamond, GRDE, Coast, Shining Buddy, Thorfire, Xtreme Bright, Northbound Train, Aennon, Lighting Ever, VITCHELO, Yalumi Corporation, FENIX, RAYVENGE, Durapower, Browning, Sunree, Outdoor Extremist, Rayfall Technologies
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Headlight Bulb Market Report Segments:
The global Headlight Bulb market is segmented on the basis of:
Types
LED, Halogen, Xenon
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
OEMs, Aftermarket
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:
- Princeton Tec
- Petzl
- Nitecore
- Energizer
- Black Diamond
- GRDE
- Coast
- Shining Buddy
- Thorfire
- Xtreme Bright
- Northbound Train
- Aennon
- Lighting Ever
- VITCHELO
- Yalumi Corporation
- FENIX
- RAYVENGE
- Durapower
- Browning
- Sunree
- Outdoor Extremist
- Rayfall Technologies
Highlights of The Headlight Bulb 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:
- LED
- Halogen
- Xenon
- By Application:
- OEMs
- Aftermarket
- 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 Headlight Bulb 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
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- 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 headlight bulb is a small, lightbulb-shaped device that emits light from inside a car or truck. Headlights are required by law in some countries, and they are important for seeing while driving at night.
Some of the major players in the headlight bulb market are Princeton Tec, Petzl, Nitecore, Energizer, Black Diamond, GRDE, Coast, Shining Buddy, Thorfire, Xtreme Bright, Northbound Train, Aennon, Lighting Ever, VITCHELO, Yalumi Corporation, FENIX, RAYVENGE, Durapower, Browning, Sunree, Outdoor Extremist, Rayfall Technologies.
The headlight bulb market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Headlight Bulb 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 Headlight Bulb Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Headlight Bulb 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 Headlight Bulb 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 Headlight Bulb Market Size & Forecast, 2020-2028
4.5.1 Headlight Bulb Market Size and Y-o-Y Growth
4.5.2 Headlight Bulb 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 LED
5.2.2 Halogen
5.2.3 Xenon
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 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Headlight Bulb 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 Headlight Bulb 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 LED
9.6.2 Halogen
9.6.3 Xenon
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 OEMs
9.10.2 Aftermarket
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 LED
10.6.2 Halogen
10.6.3 Xenon
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 OEMs
10.10.2 Aftermarket
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 LED
11.6.2 Halogen
11.6.3 Xenon
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 OEMs
11.10.2 Aftermarket
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 LED
12.6.2 Halogen
12.6.3 Xenon
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 OEMs
12.10.2 Aftermarket
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 LED
13.6.2 Halogen
13.6.3 Xenon
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 OEMs
13.10.2 Aftermarket
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 Headlight Bulb Market: Competitive Dashboard
14.2 Global Headlight Bulb Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Princeton Tec
14.3.2 Petzl
14.3.3 Nitecore
14.3.4 Energizer
14.3.5 Black Diamond
14.3.6 GRDE
14.3.7 Coast
14.3.8 Shining Buddy
14.3.9 Thorfire
14.3.10 Xtreme Bright
14.3.11 Northbound Train
14.3.12 Aennon
14.3.13 Lighting Ever
14.3.14 VITCHELO
14.3.15 Yalumi Corporation
14.3.16 FENIX
14.3.17 RAYVENGE
14.3.18 Durapower
14.3.19 Browning
14.3.20 Sunree
14.3.21 Outdoor Extremist
14.3.22 Rayfall Technologies
