Market Overview:
The global glove trunk lamp market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, factors such as technological advancements and rising awareness about safety are also contributing to the growth of this market. Based on type, LED lights are expected to witness highest growth during the forecast period owing to their low power consumption and long life span as compared to other types of lights. Based on application, HCV is projected to be fastest growing segment due its increasing demand for transportation globally.
Product Definition:
A glove trunk lamp is a small light that is mounted on the inside of a car's glove compartment. This light illuminates the glove compartment when it is opened, making it easier to find items that are stored inside.
LED Lights:
LED lights are the latest technology in lighting and have been gaining popularity due to their energy efficiency, longer life span, and low power consumption. LED lights have replaced most of the conventional light sources such as incandescent bulbs, compact fluorescent lamps (CFLs), and even high-end linear fluorescent lamps (LFLs). The growth factor for LED Lights is Cost Efficient High Quality & Reliability.
Xenon Lights:
Xenon lights are a type of light source used in automobile headlamp systems. They have longer life span and provide better illumination as compared to halogen lights. The xenon gas used in the lighting system has an inert property which prevents it from heating up, thus making it suitable for automotive applications.
The global market for the xenon light is expected to witness significant growth over the forecast period owing to its increasing usage in vehicle headlamps.
Application Insights:
The heavy commercial vehicle segment held the largest share of over 50.0% in 2017. The growth can be attributed to the increasing requirement for trucks with larger carrying capacity across various industries, such as construction, mining and quarrying, and logistics among others. Moreover, rising demand for goods movement in urban areas coupled with a high volume of truck sales are further expected to propel segment growth over the forecast period.
Passenger car application is anticipated to witness significant growth during the forecast period owing to increased consumer spending on luxury vehicles across various regions including Asia Pacific and Middle East & Africa countries such as Saudi Arabia.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness considerable growth over the forecast period owing to increasing road accidents and stringent regulations imposed by governments across countries such as Canada and Mexico. Moreover, rising demand for commercial vehicles including buses, trucks, and ambulances is also anticipated to drive product demand in this region.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to growing awareness about road safety coupled with rapidly improving infrastructure in developing economies such as India and China. Increasing number of manufacturing facilities along with rapid urbanization has resulted in an increased requirement for heavy commercial vehicles including buses which will further boost product sales over the next eight years.
Growth Factors:
- Increasing demand for automobiles
- Growing awareness about the benefits of glove trunk lamps
- Rising disposable income of consumers
- Technological advancements in glove trunk lamps
- Growing popularity of online shopping
Scope Of The Report
Report Attributes
Report Details
Report Title
Glove Trunk Lamp Market Research Report
By Type
LED Lights, Xenon Lights, Halogen Lights
By Application
HCV, LCV, Passenger Car
By Companies
Inoac, Schaeffler, Aptiv PLC, Continental, Seoyon E-Hwa, Inteva Products, Aisin AW, Hyundai Dymos, Dymos, BorgWarner, Bosch, ZF 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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Glove Trunk Lamp Market Report Segments:
The global Glove Trunk Lamp market is segmented on the basis of:
Types
LED Lights, Xenon Lights, Halogen Lights
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
HCV, LCV, Passenger Car
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:
- Inoac
- Schaeffler
- Aptiv PLC
- Continental
- Seoyon E-Hwa
- Inteva Products
- Aisin AW
- Hyundai Dymos
- Dymos
- BorgWarner
- Bosch
- ZF Group
Highlights of The Glove Trunk 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:
- LED Lights
- Xenon Lights
- Halogen Lights
- By Application:
- HCV
- LCV
- Passenger Car
- 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 Glove Trunk 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
- 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?
Glove Trunk Lamp is a lamp that is designed to fit in the glove compartment of a car. It has a lightbulb and an outlet that can be used to charge your phone or other devices.
Some of the major companies in the glove trunk lamp market are Inoac, Schaeffler, Aptiv PLC, Continental, Seoyon E-Hwa, Inteva Products, Aisin AW, Hyundai Dymos, Dymos, BorgWarner, Bosch, ZF Group.
The glove trunk lamp market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Glove Trunk Lamp Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Glove Trunk Lamp Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glove Trunk Lamp Market - Supply Chain
4.5. Global Glove Trunk Lamp Market Forecast
4.5.1. Glove Trunk Lamp Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glove Trunk Lamp Market Size (000 Units) and Y-o-Y Growth
4.5.3. Glove Trunk Lamp Market Absolute $ Opportunity
5. Global Glove Trunk Lamp Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Glove Trunk Lamp Market Size and Volume Forecast by Type
5.3.1. LED Lights
5.3.2. Xenon Lights
5.3.3. Halogen Lights
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Glove Trunk Lamp Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Glove Trunk Lamp Market Size and Volume Forecast by Application
6.3.1. HCV
6.3.2. LCV
6.3.3. Passenger Car
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Glove Trunk Lamp Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Glove Trunk Lamp Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Glove Trunk Lamp Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Glove Trunk Lamp Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Glove Trunk Lamp Demand Share Forecast, 2019-2026
9. North America Glove Trunk Lamp Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Glove Trunk Lamp Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Glove Trunk Lamp Market Size and Volume Forecast by Application
9.4.1. HCV
9.4.2. LCV
9.4.3. Passenger Car
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Glove Trunk Lamp Market Size and Volume Forecast by Type
9.7.1. LED Lights
9.7.2. Xenon Lights
9.7.3. Halogen Lights
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Glove Trunk Lamp Demand Share Forecast, 2019-2026
10. Latin America Glove Trunk Lamp Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Glove Trunk Lamp Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Glove Trunk Lamp Market Size and Volume Forecast by Application
10.4.1. HCV
10.4.2. LCV
10.4.3. Passenger Car
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Glove Trunk Lamp Market Size and Volume Forecast by Type
10.7.1. LED Lights
10.7.2. Xenon Lights
10.7.3. Halogen Lights
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Glove Trunk Lamp Demand Share Forecast, 2019-2026
11. Europe Glove Trunk Lamp Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Glove Trunk Lamp Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Glove Trunk Lamp Market Size and Volume Forecast by Application
11.4.1. HCV
11.4.2. LCV
11.4.3. Passenger Car
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Glove Trunk Lamp Market Size and Volume Forecast by Type
11.7.1. LED Lights
11.7.2. Xenon Lights
11.7.3. Halogen Lights
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attrativeness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Glove Trunk Lamp Demand Share, 2019-2026
12. Asia Pacific Glove Trunk Lamp Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Glove Trunk Lamp Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Glove Trunk Lamp Market Size and Volume Forecast by Application
12.4.1. HCV
12.4.2. LCV
12.4.3. Passenger Car
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Glove Trunk Lamp Market Size and Volume Forecast by Type
12.7.1. LED Lights
12.7.2. Xenon Lights
12.7.3. Halogen Lights
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Glove Trunk Lamp Demand Share, 2019-2026
13. Middle East & Africa Glove Trunk Lamp Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Glove Trunk Lamp Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Glove Trunk Lamp Market Size and Volume Forecast by Application
13.4.1. HCV
13.4.2. LCV
13.4.3. Passenger Car
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Glove Trunk Lamp Market Size and Volume Forecast by Type
13.7.1. LED Lights
13.7.2. Xenon Lights
13.7.3. Halogen Lights
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Glove Trunk Lamp Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Glove Trunk Lamp Market: Market Share Analysis
14.2. Glove Trunk Lamp Distributors and Customers
14.3. Glove Trunk Lamp Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Inoac
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schaeffler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aptiv PLC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Continental
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Seoyon E-Hwa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Inteva Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aisin AW
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai Dymos
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dymos
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BorgWarner
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bosch
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ZF Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook