Market Overview:
The global vehicles lighting market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury and safety features in vehicles. Additionally, the growing trend of LED lights is also contributing to the growth of this market. The global vehicles lighting market by type is segmented into xenon lights, halogen lights, LED lights, and other types. The LED light segment is expected to grow at a CAGR of 9% during the forecast period from 2018 to 2030.
Product Definition:
Vehicles Lighting is the use of light to improve the visibility of a vehicle, its occupants, or cargo. It may also be used to enhance the appearance of a vehicle.
Xenon Lights:
Xenon lights are a type of high-intensity light source used in many modern vehicles. They are known to provide better illumination than HID or halogen bulbs as they operate at a much higher temperature. The increased heat allows them to produce more lumens per watt of power, which is why they have become the preferred choice for vehicle lighting purposes.
The growth factor in the market is due to its increasing application scope.
Halogen Lights:
Halogen lights are a type of incandescent light bulb that is widely used in automotive applications. The halogen lamp has the advantage of being relatively inexpensive, and also offers high brightness compared to an equivalent amount of electricity consumed by an HID or LED light source. Halogen lights have been used as vehicle headlamps, interior lighting, and exterior lighting solutions for many years; however they are now being replaced with more efficient technologies owing to their limited operational life and high energy consumption.
Application Insights:
On the basis of application, the global vehicles lighting market has been segmented into front light, rear combination light, fog lights, interior lighting and others. The front light segment held a major share in 2017 owing to increasing demand for high-performance and energy-efficient products from various end-use industries. Automotive is one such industry where efficiency plays a key role in order to reduce fuel consumption as well as emissions. Thusly led to an increased focus on LED headlights that offer better illumination at night while reducing fuel consumption by up to 70%.
The rear combination light segment is expected register the fastest CAGR over the forecast period owing to its wide application scope including tailgating applications among other uses such as backup lights or reverse lights among many others. Moreover, these lamps are also widely used in numerous other applications such as brake lamps or turn indicators which further boosts product demand globally each year since their introduction several years ago.
Regional Analysis:
North America was the largest market for global vehicles lighting, accounting for more than 35% of the total revenue share in 2016. The region is characterized by a large number of manufacturers and suppliers involved in developing and manufacturing various types of vehicle lights. Increasing demand from U.S.-based car manufacturers such as Ford Motors Co., General Motors Company, and Fiat Chrysler Automobiles N.V.
Asia Pacific is expected to be one of the fastest-growing regions owing to increasing production facilities by key players including Honda Motor Co Ltd.
Growth Factors:
- Increasing demand for vehicles lighting from the automotive sector
- Rising awareness about the benefits of using LED lights in vehicles
- Technological advancements in vehicle lighting systems
- Growing demand for customized and advanced lighting solutions
- Stringent government regulations mandating the use of specific types of lights in vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicles Lighting Market Research Report
By Type
Xenon Lights, Halogen Lights, LED, Other
By Application
Front Light, Rear Combination Light, Fog Lights, Interior Lighting, Others
By Companies
Koito, Valeo, Hella, Marelli, ZKW Group, Lumax Industries, Varroc, TYC, Xingyu
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Vehicles Lighting Market Report Segments:
The global Vehicles Lighting market is segmented on the basis of:
Types
Xenon Lights, Halogen Lights, LED, Other
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
Front Light, Rear Combination Light, Fog Lights, Interior Lighting, Others
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
- Hella
- Marelli
- ZKW Group
- Lumax Industries
- Varroc
- TYC
- Xingyu
Highlights of The Vehicles Lighting 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:
- Xenon Lights
- Halogen Lights
- LED
- Other
- By Application:
- Front Light
- Rear Combination Light
- Fog Lights
- Interior Lighting
- Others
- 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 Vehicles Lighting 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?
Vehicles lighting is the use of lights on a vehicle to indicate to other drivers or pedestrians the presence, direction, and speed of the vehicle.
Some of the major players in the vehicles lighting market are Koito, Valeo, Hella, Marelli, ZKW Group, Lumax Industries, Varroc, TYC, Xingyu.
The vehicles lighting 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 Vehicles Lighting 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 Vehicles Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicles Lighting 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 Vehicles Lighting 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 Vehicles Lighting Market Size & Forecast, 2018-2028
4.5.1 Vehicles Lighting Market Size and Y-o-Y Growth
4.5.2 Vehicles Lighting Market Absolute $ Opportunity
Chapter 5 Global Vehicles Lighting 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 Vehicles Lighting Market Size Forecast by Type
5.2.1 Xenon Lights
5.2.2 Halogen Lights
5.2.3 LED
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicles Lighting 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 Vehicles Lighting Market Size Forecast by Applications
6.2.1 Front Light
6.2.2 Rear Combination Light
6.2.3 Fog Lights
6.2.4 Interior Lighting
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicles Lighting 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 Vehicles Lighting 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 Vehicles Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Vehicles Lighting 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 Vehicles Lighting Market Size Forecast by Type
9.6.1 Xenon Lights
9.6.2 Halogen Lights
9.6.3 LED
9.6.4 Other
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 Vehicles Lighting Market Size Forecast by Applications
9.10.1 Front Light
9.10.2 Rear Combination Light
9.10.3 Fog Lights
9.10.4 Interior Lighting
9.10.5 Others
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 Vehicles Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicles Lighting 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 Vehicles Lighting Market Size Forecast by Type
10.6.1 Xenon Lights
10.6.2 Halogen Lights
10.6.3 LED
10.6.4 Other
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 Vehicles Lighting Market Size Forecast by Applications
10.10.1 Front Light
10.10.2 Rear Combination Light
10.10.3 Fog Lights
10.10.4 Interior Lighting
10.10.5 Others
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 Vehicles Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicles Lighting 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 Vehicles Lighting Market Size Forecast by Type
11.6.1 Xenon Lights
11.6.2 Halogen Lights
11.6.3 LED
11.6.4 Other
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 Vehicles Lighting Market Size Forecast by Applications
11.10.1 Front Light
11.10.2 Rear Combination Light
11.10.3 Fog Lights
11.10.4 Interior Lighting
11.10.5 Others
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 Vehicles Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicles Lighting 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 Vehicles Lighting Market Size Forecast by Type
12.6.1 Xenon Lights
12.6.2 Halogen Lights
12.6.3 LED
12.6.4 Other
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 Vehicles Lighting Market Size Forecast by Applications
12.10.1 Front Light
12.10.2 Rear Combination Light
12.10.3 Fog Lights
12.10.4 Interior Lighting
12.10.5 Others
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) Vehicles Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicles Lighting 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) Vehicles Lighting Market Size Forecast by Type
13.6.1 Xenon Lights
13.6.2 Halogen Lights
13.6.3 LED
13.6.4 Other
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) Vehicles Lighting Market Size Forecast by Applications
13.10.1 Front Light
13.10.2 Rear Combination Light
13.10.3 Fog Lights
13.10.4 Interior Lighting
13.10.5 Others
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 Vehicles Lighting Market: Competitive Dashboard
14.2 Global Vehicles Lighting 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 Hella
14.3.4 Marelli
14.3.5 ZKW Group
14.3.6 Lumax Industries
14.3.7 Varroc
14.3.8 TYC
14.3.9 Xingyu
