Press release
7.23% CAGR growth by 2023 in the Automotive Lighting Market| Dominant Vendors - KOITO MANUFACTURING CO. LTD, STANLEY ELECTRIC CO. LTD, VALEO GROUP, MAGNETIC MARELLI S.P.A amongst others
Market Analysis:
Asia-Pacific Covering Major Share in the Market
Car manufacturers known for their more flamboyant interiors have been gaining popularity, especially in the fast-growing Asia-Pacific. In some of the Asia-Pacific countries, the prices of automobiles are relatively high and customers expect a high quality of interiors and exteriors at that price point, so manufacturers have to invest in upgrading them specifically for the price conscious Asia-Pacific region.
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LEDS and laser are most trending automotive lighting technologies, and gradually experiencing increase in the adoption rate majorly in the luxury and premium type segmented vehicles. Among the aforementioned lighting technology, LEDS have already started penetrating into medium class cars. Exterior lighting being an essential part for every automobile, has significantly covered a major of the lighting market. There have been growing concerns for vehicular safety around the world. Exterior lighting forms an important part of vehicular safety. This is driving the automotive lighting market. Passenger cars sales have been increasing across the globe. This improvement in sales in expected to encourage automakers to ramp up the production activities, driving the market for automotive lighting over the forecast period.
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Market Segments:
Automotive Upholstery Market is segmented by:
1. Technology: Halogen, Xenon, LED, Others
2. Vehicle Type: Passenger Car, Commercial Vehicle
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• June 2017: Magnetic Marelli Automotive Lighting and Changchun Fudi Equipment Technology Development Co. Ltd., have inaugurated a new plant, Changchun Magnetic Marelli Automotive Lighting System Co., Ltd, under their joint venture agreement which was established in December 2015.
• October 2017: Osram India launched new automotive lighting solutions called Rallye, which is compatible for two-wheelers, four-wheelers and commercial vehicles. Also, the product is manufactured in Osram’s manufacturing plants in Germany and China.
Enquiry before Buying @ https://marketprognosis.com/enquiry/15824
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”
About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com
Asia-Pacific Covering Major Share in the Market
Car manufacturers known for their more flamboyant interiors have been gaining popularity, especially in the fast-growing Asia-Pacific. In some of the Asia-Pacific countries, the prices of automobiles are relatively high and customers expect a high quality of interiors and exteriors at that price point, so manufacturers have to invest in upgrading them specifically for the price conscious Asia-Pacific region.
Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/15824
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”
LEDS and laser are most trending automotive lighting technologies, and gradually experiencing increase in the adoption rate majorly in the luxury and premium type segmented vehicles. Among the aforementioned lighting technology, LEDS have already started penetrating into medium class cars. Exterior lighting being an essential part for every automobile, has significantly covered a major of the lighting market. There have been growing concerns for vehicular safety around the world. Exterior lighting forms an important part of vehicular safety. This is driving the automotive lighting market. Passenger cars sales have been increasing across the globe. This improvement in sales in expected to encourage automakers to ramp up the production activities, driving the market for automotive lighting over the forecast period.
Request Discount on this report @ https://marketprognosis.com/discount-request/15824
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”
Market Segments:
Automotive Upholstery Market is segmented by:
1. Technology: Halogen, Xenon, LED, Others
2. Vehicle Type: Passenger Car, Commercial Vehicle
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• June 2017: Magnetic Marelli Automotive Lighting and Changchun Fudi Equipment Technology Development Co. Ltd., have inaugurated a new plant, Changchun Magnetic Marelli Automotive Lighting System Co., Ltd, under their joint venture agreement which was established in December 2015.
• October 2017: Osram India launched new automotive lighting solutions called Rallye, which is compatible for two-wheelers, four-wheelers and commercial vehicles. Also, the product is manufactured in Osram’s manufacturing plants in Germany and China.
Enquiry before Buying @ https://marketprognosis.com/enquiry/15824
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”
About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com
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