Market Overview:
The global passenger vehicle daytime running lamps 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, rising awareness about safety and security, and technological advancements in LED lighting. The traditional light segment is expected to dominate the global passenger vehicle daytime running lamps market during the forecast period. This can be attributed to its low cost as compared to LED lighting and its easy installation process. However, with technological advancements in LED lighting, this segment is expected to lose its share in the coming years.
Product Definition:
Passenger Vehicle Daytime Running Lamps are a type of headlight that is turned on when the car is in use during the daytime. They are generally used to make the car more visible to other drivers, and they can also help to improve safety by making it easier for other drivers to see the car.
Traditional Light:
Traditional Light, it's usage.
The global traditional light, it's usage and growth factor in passenger vehicle daytime running lamps market size was valued at USD 1.22 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period.
LED:
The global LED and it's usage in Passenger Vehicle Daytime Running Lamps market size was valued at USD 3.8 billion in 2016. The increasing demand for energy-efficient lighting systems is expected to drive the industry growth over the forecast period.
LEDs are used as a substitute for incandescent, halogen, and other types of lamps as they consume less power, provide better illumination with longer life span, and are relatively inexpensive when compared to their counterparts.
Application Insights:
The OEMs held the largest market share of over 70% in 2017. The growing sales of passenger cars and vans have been fueling the demand for daytime running lamps among other vehicles. Moreover, increasing production capacities coupled with a rise in exports from developed economies is expected to drive growth over the forecast period.
The aftermarket segment is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to rising product sales as drivers continue upgrading their vehicle¢â‚¬â„¢s appearance according to personal preferences and requirements set by their employers or organizations they work for, which includes corporate offices, R&D centers and others who require specific lighting effects during day time hours on roadsides near these facilities.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The European Union regulations regarding vehicle lighting are anticipated to boost the demand for passenger vehicle daytime running lamps over the forecast period. North America is expected to witness significant growth over the next eight years on account of increasing demand from OEMs and aftermarket consumers.
The growing automotive industry coupled with government initiatives aimed at reducing traffic congestion issues are expected to drive investments by various companies for R&D activities related high-efficiency lighting systems that consume less energy and emit less light pollution than conventional systems do.
Growth Factors:
- Increasing demand for passenger vehicles
- Technological advancements in LED lighting systems
- Stringent safety norms by regulatory authorities
- Rising consumer awareness about the benefits of DRLs
- Growing demand for luxury and premium cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Daytime Running Lamps Market Research Report
By Type
Traditional Light, LED
By Application
OEMs, Aftermarket
By Companies
Hella, OSRAM, Philips, Panasonic, GE, Koito, Magneti Marelli, Valeo, Cnlight, FSL Autotech, Stanley Electric, Ichikoh, ZKW Group
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Daytime Running Lamps Market Report Segments:
The global Passenger Vehicle Daytime Running Lamps market is segmented on the basis of:
Types
Traditional Light, LED
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:
- Hella
- OSRAM
- Philips
- Panasonic
- GE
- Koito
- Magneti Marelli
- Valeo
- Cnlight
- FSL Autotech
- Stanley Electric
- Ichikoh
- ZKW Group
Highlights of The Passenger Vehicle Daytime Running Lamps 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:
- Traditional Light
- LED
- 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 Passenger Vehicle Daytime Running Lamps 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?
Passenger Vehicle Daytime Running Lamps are a type of lighting system used on passenger vehicles. They provide a low-level light that is visible during the daytime.
Some of the major companies in the passenger vehicle daytime running lamps market are Hella, OSRAM, Philips, Panasonic, GE, Koito, Magneti Marelli, Valeo, Cnlight, FSL Autotech, Stanley Electric, Ichikoh, ZKW Group.
The passenger vehicle daytime running lamps 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 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Daytime Running Lamps Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Daytime Running Lamps Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size Forecast by Type
5.2.1 Traditional Light
5.2.2 LED
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size Forecast by Type
9.6.1 Traditional Light
9.6.2 LED
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 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size Forecast by Type
10.6.1 Traditional Light
10.6.2 LED
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 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size Forecast by Type
11.6.1 Traditional Light
11.6.2 LED
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 Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market Size Forecast by Type
12.6.1 Traditional Light
12.6.2 LED
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 Passenger Vehicle Daytime Running Lamps 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) Passenger Vehicle Daytime Running Lamps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Daytime Running Lamps 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) Passenger Vehicle Daytime Running Lamps Market Size Forecast by Type
13.6.1 Traditional Light
13.6.2 LED
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) Passenger Vehicle Daytime Running Lamps 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 Passenger Vehicle Daytime Running Lamps Market: Competitive Dashboard
14.2 Global Passenger Vehicle Daytime Running Lamps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hella
14.3.2 OSRAM
14.3.3 Philips
14.3.4 Panasonic
14.3.5 GE
14.3.6 Koito
14.3.7 Magneti Marelli
14.3.8 Valeo
14.3.9 Cnlight
14.3.10 FSL Autotech
14.3.11 Stanley Electric
14.3.12 Ichikoh
14.3.13 ZKW Group
