Market Overview:
The global vehicles rear combination light 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 and commercial vehicles, globally. In terms of type, the xenon lights segment is expected to hold a major share of the global vehicles rear combination light market during the forecast period. This can be attributed to their high brightness and long life as compared to other types of lights available in the market. In terms of application, passenger vehicles are expected to dominate the global vehicles rear combination light market during the forecast period owing to their growing popularity among consumers across different regions.
Product Definition:
A rear combination light is a device used on the back of a vehicle to indicate the presence, position, and direction of travel to other drivers.
Xenon Lights:
Xenon lights are the most effective and efficient lights used in vehicles. They produce a higher amount of light than HID or LED, which makes them better for safety. The growth factor in this market is the increasing demand for high-end cars with xenon headlamps.
The other factors that are driving this market include government regulations about emission control and energy efficiency, technological advancements such as LED being able to mimic the brightness of halogen lamps.
Halogen Lights:
The rear combination light is a small back-up lamp used to indicate the vehicle's position in traffic. It also serves as a warning to other drivers when the vehicle is maneuvering into or out of a parking space. The rear combination lights are commonly found on vehicles that have been manufactured from around 1990 to present day, although some older models do still use them.
Rear combination lights were first introduced on cars in Europe.
Application Insights:
Passenger vehicles accounted for a major share in the global market and are expected to maintain their dominance over the forecast period. The growing importance of vehicle safety is one of the key factors driving rear combination lights demand in passenger cars. Rear combination lights have various functions, such as indicators, backup lamps and turn indicators. They help drivers see objects even at night or during foggy weather conditions.
Commercial vehicles are also expected to witness significant growth over the forecast period owing to rising demand from developing countries such as India and China for commercial buses and trucks coupled with stringent regulations regarding road safety implemented across all major regions of the world including North America, Europe and Asia Pacific. Increasing use of LED technology for commercial vehicle lighting is projected to drive cost-effectiveness along with superior performance characteristics that make them ideal solutions for rear combination lamps applications worldwide.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to stringent regulations imposed on drivers by the government and high adoption of safety features in vehicles. Moreover, presence of key market players such as Magna International Inc.; American Honda Motor Co., Ltd.; and Mazda Motor Corporation is anticipated to boost demand for rear combination light products across this region.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6% from 2018 to 2030 owing herringbone pattern used in countries such as China, Japan, South Korea and India which makes it easier for pedestrians or cyclists behind vehicle see obstacles easily even at night time thus increasing their chances of avoiding accidents significantly.
Growth Factors:
- Increasing demand for vehicles from the developing countries
- Rising disposable income of the consumers in the developing countries
- Technological advancements in the field of rear combination light market
- Stringent government regulations for vehicle safety
- Growing awareness about vehicle safety among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicles Rear Combination Light Market Research Report
By Type
Xenon Lights, Halogen Lights, LED, Other
By Application
Passenger Vehicles, Commercial Vehicles
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Vehicles Rear Combination Light Market Report Segments:
The global Vehicles Rear Combination Light 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
Passenger Vehicles, Commercial Vehicles
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 Rear Combination Light 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:
- Passenger Vehicles
- Commercial Vehicles
- 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 Rear Combination Light 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?
The Vehicles Rear Combination Light is a warning light on the rear of a vehicle that indicates when the brake system needs to be applied.
Some of the key players operating in the vehicles rear combination light market are Koito, Valeo, Hella, Marelli, ZKW Group, Lumax Industries, Varroc, TYC, Xingyu.
The vehicles rear combination light 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 Vehicles Rear Combination Light 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 Rear Combination Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size & Forecast, 2018-2028
4.5.1 Vehicles Rear Combination Light Market Size and Y-o-Y Growth
4.5.2 Vehicles Rear Combination Light Market Absolute $ Opportunity
Chapter 5 Global Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Analysis and Forecast
9.1 Introduction
9.2 North America Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Rear Combination Light Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Rear Combination Light Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Rear Combination Light Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
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 Rear Combination Light Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicles Rear Combination Light 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 Rear Combination Light 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 Rear Combination Light Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Rear Combination Light Market: Competitive Dashboard
14.2 Global Vehicles Rear Combination Light 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
