Global On-Highway Vehicle Lighting Industry to reach USD 42.89 billion by 2025.
Global On-Highway Vehicle Lighting Industry valued approximately USD 26.11 billion in 2016 is forecasted to grow with a healthy growth rate of more than 5.67% over the forecast period 2019-2025. The major factors anticipated to augment the Industry are progressions in automotive lighting technology, rising automobile production across various developed and developing regions, specifically in emerging economies, government ordinances for improved visibility, increasing espousal of LED lamps and increasing influence of technological innovations.
The regional analysis of Global On-Highway Vehicle Lighting Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of Industry share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
On-Highway Vehicle Lighting Industry Share and Size by 2019-2025
On-Highway Vehicle Lighting Market Segmentation:
By Vehicle Type:
* Passenger Cars
* Light Trucks (Class 1-3)
* Medium Trucks (Class 4-6)
* Heavy Trucks (Class 7&8)
* Interior Lights
By Product Type:
* High Intensity Discharge (HID)
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in On-Highway Vehicle Lighting Market are as follows:
Vale - S.A.
Koit - Manufacturing, Ltd.
Koninklijke Philips N.V.
Magneti Marelli S.p.A.
Zizala Lichtsysteme GmbH (LG Electronics)
Optronics International LLC.