Press release
Automotive Lighting Market Trends and Forecast in 2023: Growth Potential and Opportunities
The global automotive lighting market was valued at USD 26.1 billion in 2021 and is projected to reach USD 41.8 billion by 2030, growing at a CAGR of 7.1% during the forecast period of 2022-2030. The market growth is driven by factors such as the rising production of automobiles to meet consumer demands and advancements in automotive lighting technology.
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Major market players in the automotive lighting industry include DENSO Corporation, Hella KGaA Hueck & Co., Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Osram Licht AG, ROBERT BOSCH GmbH, Stanley Electric Co., Ltd., Valeo, and Zizala Lichtsysteme GmbH.
The objective of this study is to define the market sizes of different segments and countries in recent years and provide forecasts for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country involved in the study. It provides detailed information about the driving factors and challenges that will define the future growth of the market. Additionally, the report analyzes available opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of key players.
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The market is segmented based on technology, vehicle type, application, and product sale. The technology segment includes halogen, xenon/HID, and LED lighting. The vehicle type segment comprises passenger vehicles and commercial vehicles. The application segment covers front/headlamps, rear lighting, side lighting, and interior lighting. The product sale segment includes original equipment manufacturers (OEMs) and aftermarket products.
The market is further segmented into regions, including North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia), South America (Brazil, Argentina, and Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA).
The years considered for this study are 2017, 2020 (historical years), 2021 (base year), and the forecast period is from 2022 to 2030.
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The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world's leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.us
Request full Report Description, TOC, Table of Figure, Chart, etc : -https://reportocean.us/sample-request/report_id/QUDNTL28
Major market players in the automotive lighting industry include DENSO Corporation, Hella KGaA Hueck & Co., Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Osram Licht AG, ROBERT BOSCH GmbH, Stanley Electric Co., Ltd., Valeo, and Zizala Lichtsysteme GmbH.
The objective of this study is to define the market sizes of different segments and countries in recent years and provide forecasts for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country involved in the study. It provides detailed information about the driving factors and challenges that will define the future growth of the market. Additionally, the report analyzes available opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of key players.
Download free sample of this report :-https://reportocean.us/sample-request/report_id/QUDNTL28
The market is segmented based on technology, vehicle type, application, and product sale. The technology segment includes halogen, xenon/HID, and LED lighting. The vehicle type segment comprises passenger vehicles and commercial vehicles. The application segment covers front/headlamps, rear lighting, side lighting, and interior lighting. The product sale segment includes original equipment manufacturers (OEMs) and aftermarket products.
The market is further segmented into regions, including North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia), South America (Brazil, Argentina, and Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA).
The years considered for this study are 2017, 2020 (historical years), 2021 (base year), and the forecast period is from 2022 to 2030.
Enquire before purchasing this report :-https://reportocean.us/sample-request/report_id/QUDNTL28
The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world's leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.us
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