Automotive Lighting Market Worth $33.22 Billion by 2020 - A New Report by MarketsandMarkets

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MarketsandMarkets

Key Players in the market are Koito (Japan), Hella (Germany), Valeo (France), and Stanley Electric (Japan).

(PRWEB) July 04, 2014

The report ‘‘Automotive Lighting Market by Position (Front, Rear, Side, & Interior), Technology (Halogen, Xenon/HID, & LED), Vehicle Type (Passenger Car, LCV, Bus, & Heavy Truck), & Geography - Global Trends & Forecast to 2020’’ defines and segments the market with analysis and forecasting of the market size, in terms of volume and value.

Browse more than 99 market data tables with 46 figures spread through 265 pages and in-depth TOC on "Automotive Lighting Market - Global Trends & Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html
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Asia-Pacific: The largest market for automotive lighting

According to the report, Asia-Pacific has been the largest automotive lighting market since 2011 followed by Europe, North America, and ROW. The Asia-Pacific region comprises major countries such as India, China, Japan, and South Korea. These regions account for majority of the vehicle production in this region due to which these are the major automotive lighting markets. As per the reports, size of the automotive lighting market in terms of value in these countries is more due to high vehicle production volume, growing economy, rising population, and changing consumer lifestyles. The value trend is estimated to remain unchanged in 2020.

Front lighting: Biggest lighting segment by position

Considering automotive lighting market size in terms of value by position (front, rear, side, and interior); the report estimates the front lighting market to continue to be the largest market and anticipates it to remain the largest segment in 2020 as well. It also expects the rear, interior, and side lighting segments to follow the front lighting segment in terms of value during the forecasting period.

Passenger cars: Leading the automotive lighting market

As per the report, major factors contributing to recent increase in demand for passenger cars include increasing population, increased disposable income, changes in lifestyles and transportation requirements. Improved standard of living, lower manufacturing cost, cheap labor and greater benefits offered for vehicle manufacturers in the developing regions have increased the demand for passenger cars to a great extent, according to the report. It also suggests that due to a conducive business environment in the developing countries, many automobile manufacturers have set up their manufacturing units here.

Halogen technology: Largely employed across all vehicle segments

Report explains that halogen lighting is the most prominent mode of lighting in vehicles. It is being used since many years due to its easy availability, low purchasing cost, and low replacement costs. As per the report, halogen is estimated to have the largest share of the automotive lighting market size in terms of value followed by LED and Xenon/HID, during the forecasting period.

The report covers the global automotive lighting market in terms of volume (‘000 units) and value ($million), across regions like Asia-Pacific, Europe, North America, and Rest of the World (ROW). It explains qualitative and quantitative aspect of automotive lighting units such as front, rear, side, and interior. The report briefly explains the trends in the market in terms of geography and vehicle types. It also explains the trends of value by 2020. The scope of the report includes analysis, estimates, and forecast of the automotive lighting market size in terms of value based on its position, technology, vehicle type, and geography.

It also covers various important aspects of automotive lighting market which include the analysis of the value chain, Porter’s five forces analysis, and the competitive landscape. In addition to this, 11 key players in the market have also been profiled in this research report.

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