Global Automotive Headlight Bulb Market Size study & Forecast, by Number of Filaments (One and Two), by Vehicle Type (Passenger Cars, Two-Wheelers, Three-Wheelers, and Commercial Vehicles), by Sales Channel (OEM and Aftermarket) and Regional Analysis, 202

Global Automotive Headlight Bulb Market Size study & Forecast, by Number of Filaments (One and Two), by Vehicle Type (Passenger Cars, Two-Wheelers, Three-Wheelers, and Commercial Vehicles), by Sales Channel (OEM and Aftermarket) and Regional Analysis, 2022-2029

Global Automotive Headlight Bulb Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The objective of the automobile headlight bulb, which is mounted to the front of the vehicle, is to illuminate the road ahead and improve vision while driving at night or in poor weather. Additionally, the automobile headlight bulb is essential for ensuring traffic safety. Both low and high beams are provided by modern headlamps, which are electrically powered. Low beam is appropriate when there are other vehicles on the road ahead since it has lateral lighting. High beam, which has a center-weighted distribution of light, is preferable when travelling alone because it won't draw attention from other motorists. Headlight bulbs have an advantage over other automobile lighting technologies because of their durability, ease of availability, and low cost. The increasing expansion of auto components industry and growing adoption of dual-beam bulbs are key factors driving the market growth.

The growing expansion of auto components industry is contributing towards the growth of the Global Automotive Headlight Bulb Market. For instance – as per Statista – in 2021, the Indian auto components market was valued at USD 46 billion, and as per estimation, this market is projected to grow to USD 56.5 billion by the year 2022. Also, increasing trend of aftermarket vehicle customization as well as growing technical advances in automotive lighting would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Automotive Headlight Bulbs stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automotive Headlight Bulb Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the presence of well-established auto ancillary industry in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of automotive industry as well as increasing adoption of aftermarket vehicle customization in the region.

Major market players included in this report are:
Philips
Osram GmbH
GE
Sylvania
PIAA
HELLA
Ring Automotive Limited
Lucas Electrical
Stanley Electric Co. Ltd.
Autolite Limited.

Recent Developments in the Market:
In November 2021, USA based LED maker Lumileds LLC announced the launch of its first road-legal H4-LED in Germany, from its Philips Ultinon Pro6000 LED retrofit range. This is a range extension to the H7-LED that was approved in Germany in May. The new Philips Ultinon Pro6000 H4-LED bulb delivers up to 230% brighter light.

In April 2022, India based Suprajit Engineering, one of the leaders in mechanical cable and halogen bulbs acquired Norway based Kongsberg Automotive ASA for a transaction value of USD 42 million. Through this acquisition, Suprojit Engineering aims to acquire actuation technology and make Electro-Magnetic Actuators (EMA).

Global Automotive Headlight Bulb Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Number of Filaments, Vehicle Type, Sales Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Number of Filaments
One
Two

By Vehicle Type
Passenger Cars
Two-Wheelers
Three-Wheelers
Commercial Vehicles

By Sales Channel
OEM
Aftermarket

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
Philips
Osram GmbH
GE
Sylvania
PIAA
HELLA
Ring Automotive Limited
Lucas Electrical
Stanley Electric Co. Ltd.
Autolite Limited.

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