Global Daytime Running Lamp Market Growth 2023-2029

Global Daytime Running Lamp Market Growth 2023-2029

Daytime Running Lamp is an automotive lighting device, usually mounted in pairs on the front of a motor vehicle and constantly switched on while driving, to make the vehicle more easily recognized in the daytime. The effect is not to make the driver to see the road, but to let people know there is a car coming, so this lamp is not lighting, but a semaphore.

LPI (LP Information)' newest research report, the “Daytime Running Lamp Industry Forecast” looks at past sales and reviews total world Daytime Running Lamp sales in 2022, providing a comprehensive analysis by region and market sector of projected Daytime Running Lamp sales for 2023 through 2029. With Daytime Running Lamp sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Daytime Running Lamp industry.

This Insight Report provides a comprehensive analysis of the global Daytime Running Lamp 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 Daytime Running Lamp portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Daytime Running Lamp market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Daytime Running Lamp 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 Daytime Running Lamp.

The global Daytime Running Lamp market size is projected to grow from US$ 1414 million in 2022 to US$ 1644.2 million in 2029; it is expected to grow at a CAGR of 1644.2 from 2023 to 2029.

Europe is the largest Daytime Running Lamp market with about 71% market share. China is follower, accounting for about 10% market share.

The key players are Hella, Philips, Valeo, Magneti Marelli, Osram, General Electric, Koito Manufacturing, Hyundai Mobis, ZKW Group, Ring Automotive, Bosma Group Europe, PIAA, Lumen, Fuch, JYJ, Canjing, Oulondun, YCL, Wincar Technology, Ditaier Auto Parts, YEATS, JXD, etc. Top 3 companies occupied about 49% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Daytime Running Lamp market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Halogen Lamp

LED Lamp

Others

Segmentation by application

Automobile Manufacture Industry

Automobile Aftermarket Industry

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.

Hella

Philips

Valeo

Magneti Marelli

Osram

General Electric

Koito Manufacturing

Hyundai Mobis

ZKW Group

Ring Automotive

Bosma Group Europe

PIAA

Lumen

Fuch

JYJ

Canjing

Oulondun

YCL

Wincar Technology

Ditaier Auto Parts

YEATS

JXD

Key Questions Addressed in this Report

What is the 10-year outlook for the global Daytime Running Lamp market?

What factors are driving Daytime Running Lamp market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Daytime Running Lamp market opportunities vary by end market size?

How does Daytime Running Lamp 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.