North America Headlight Market Size, Share & Trends Analysis Report By Sales Channel, By Vehicle Propulsion (ICE Vehicle and Electric Vehicle), By Vehicle Type, By Technology (LED, Halogen, and Xenon), By Country and Growth Forecast, 2023 - 2030
The North America Headlight Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).
The US market dominated the North America Headlight Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,785 Million by 2030. The Canada market is experiencing a CAGR of 6.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2023 - 2030).
The market is also witnessing significant innovation in terms of design and functionality. Automakers are focusing on developing headlights that improve visibility and safety and enhance the overall aesthetics of the vehicle. This has led to the development of headlights with sleeker designs, integrated LED daytime running lights, and customizable lighting features, allowing consumers to personalize their driving experience.
The sales share of EVs in the United States, the third largest market, experienced a substantial growth of 55% in 2022, amounting to 8%. EVs require efficient lighting solutions to maximize battery life and range, driving the demand for energy-efficient LED headlights. Automakers are also exploring new lighting technologies, such as OLED (organic light-emitting diode) headlights, to improve energy efficiency and design flexibility in EVs.
Additionally, Mexico has a well-established automotive manufacturing ecosystem, with a strong presence of major automotive manufacturers and suppliers. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. Additionally, the production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021. Mexico has seen increased vehicle sales due to a growing middle class, rising disposable incomes, and urbanization. Hence, the region presents lucrative growth opportunities for the market.
Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Propulsion, the market is segmented into ICE Vehicle and Electric Vehicle. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Technology, the market is segmented into LED, Halogen, and Xenon. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Hyundai Mobis Co., Ltd. (Hyundai Motor)
- Valeo SA
- Continental AG
- KOITO MANUFACTURING CO., LTD
- Robert Bosch GmbH
- HELLA GmbH & Co. KGaA
- Stanley Electric Co. Ltd.
- ams-OSRAM AG
- Koninklijke Philips N.V.
- De Amertek Corporation
By Sales Channel
- OEM
- Aftermarket
- ICE Vehicle
- Electric Vehicle
- Passenger Cars
- Commercial Vehicles
- LED
- Halogen
- Xenon
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Headlight Market, by Sales Channel
- 1.4.2 North America Headlight Market, by Vehicle Propulsion
- 1.4.3 North America Headlight Market, by Vehicle Type
- 1.4.4 North America Headlight Market, by Technology
- 1.4.5 North America Headlight Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Headlight Market by Sales Channel
- 4.1 North America OEM Market by Region
- 4.2 North America Aftermarket Market by Region
- Chapter 5. North America Headlight Market by Vehicle Propulsion
- 5.1 North America ICE Vehicle Market by Country
- 5.2 North America Electric Vehicle Market by Country
- Chapter 6. North America Headlight Market by Vehicle Type
- 6.1 North America Passenger Cars Market by Country
- 6.2 North America Commercial Vehicles Market by Country
- Chapter 7. North America Headlight Market by Technology
- 7.1 North America LED Market by Country
- 7.2 North America Halogen Market by Country
- 7.3 North America Xenon Market by Country
- Chapter 8. North America Headlight Market by Country
- 8.1 US Headlight Market
- 8.1.1 US Headlight Market by Sales Channel
- 8.1.2 US Headlight Market by Vehicle Propulsion
- 8.1.3 US Headlight Market by Vehicle Type
- 8.1.4 US Headlight Market by Technology
- 8.2 Canada Headlight Market
- 8.2.1 Canada Headlight Market by Sales Channel
- 8.2.2 Canada Headlight Market by Vehicle Propulsion
- 8.2.3 Canada Headlight Market by Vehicle Type
- 8.2.4 Canada Headlight Market by Technology
- 8.3 Mexico Headlight Market
- 8.3.1 Mexico Headlight Market by Sales Channel
- 8.3.2 Mexico Headlight Market by Vehicle Propulsion
- 8.3.3 Mexico Headlight Market by Vehicle Type
- 8.3.4 Mexico Headlight Market by Technology
- 8.4 Rest of North America Headlight Market
- 8.4.1 Rest of North America Headlight Market by Sales Channel
- 8.4.2 Rest of North America Headlight Market by Vehicle Propulsion
- 8.4.3 Rest of North America Headlight Market by Vehicle Type
- 8.4.4 Rest of North America Headlight Market by Technology
- Chapter 9. Company Profiles
- 9.1 Hyundai Mobis Co., Ltd. (Hyundai Motor)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Valeo SA
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 Continental AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 KOITO MANUFACTURING CO., LTD
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Recent strategies and developments:
- 9.4.4.1 Partnerships, Collaborations, and Agreements:
- 9.4.5 SWOT Analysis
- 9.5 Robert Bosch GmbH
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 HELLA GmbH & Co. KGaA
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Stanley Electric Co. Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental Analysis
- 9.7.4 Recent strategies and developments:
- 9.7.4.1 Product Launches and Product Expansions:
- 9.7.5 SWOT Analysis
- 9.8 ams-OSRAM AG
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Koninklijke Philips N.V.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. De Amertek Corporation
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
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