Global Automotive Lamps Market Growth 2023-2029

Global Automotive Lamps Market Growth 2023-2029

The Automotive Lamp system of a motor vehicle consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the conspicuity of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.
LPI (LP Information)' newest research report, the “Automotive Lamps Industry Forecast” looks at past sales and reviews total world Automotive Lamps sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Lamps sales for 2023 through 2029. With Automotive Lamps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Lamps industry.
This Insight Report provides a comprehensive analysis of the global Automotive Lamps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Lamps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Lamps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Lamps and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Lamps.
The global Automotive Lamps market size is projected to grow from US$ 32770 million in 2022 to US$ 46440 million in 2029; it is expected to grow at a CAGR of 46440 from 2023 to 2029.
Global automotive lamps key players include Koito, Valeo, MARELLI, Hella, Stanley Electric, etc. Global top 5 manufacturers hold a share over 60%.
Europe is the largest market, with a share about 27%, followed by China and North America, both have a share over 40 percent.
In terms of product, halogen lighting is the largest segment, with a share over 40%. And in terms of application, the largest application is passenger vehicle, followed by commercial vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Lamps market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Halogen Lighting
Xenon lLighting
LED Lighting
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Koito
Valeo
MARELLI
Hella
Stanley Electric
SL Courporation
OSRAM
HASCO
ZKW Group
Varroc
Xingyu
Lumileds
Hyundai IHL
TYC
DEPO

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Lamps market?
What factors are driving Automotive Lamps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Lamps market opportunities vary by end market size?
How does Automotive Lamps break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.