Kenneth Research recently released a report titled Asia Pacific Automotive Lighting Market , which is studied over the forecast period 2021-2030 The report provides descriptive insights into the current scenario, growth driving factors, opportunities and challenges associated with the market. The Asia Pacific Automotive Lighting Market is projected to grow with a CAGR of 6.6% during the forecast period, and acquire a revenue of $143.7 billion by the end of 2026.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia Pacific Automotive Lighting Market Products.
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According to the World Bank, 56.156% of the global population lived in urban areas in 2020, up from 55.72% in 2019 and 55.277% in 2018 respectively. Furthermore, the market is also anticipated to witness robust growth on the back of rising travel demand, and growing reliance on private motorized modes worldwide. The contribution of travel and tourism industry to the global gross domestic product (GDP) was estimated at a soaring high value of USD 9 billion in the year 2019.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Asia Pacific automotive lighting market will grow by 6.6% over 2020-2026 with a total addressable market cap of $143.7 billion in the fast-growing region.
Highlighted with 43 tables and 82 figures, this 138-page report “Asia Pacific Automotive Lighting Market 2020-2026 by Technology, Product, Vehicle Type, Vehicle Autonomy, Sales Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific automotive lighting market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with historical studies covering 2015-2019 and forecast covering 2020-2026. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Asia Pacific automotive lighting market in every aspect of the classification from perspectives of Technology, Product, Vehicle Type, Vehicle Autonomy, Sales Channel, and Country.
Based on Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and sales volume (million units) for 2015-2026 included in each section.
• Halogen
• Xenon
• LED
Based on Product, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and sales volume (million units) for 2015-2026 included in each section.
Interior Lighting
• Roof Console Lighting System
• Reading Light system
• Car Body Lighting System
• Ambient Lighting System
Exterior Lighting
• Headlamps
• Rear Lighting
• Sidelights
• Other Exterior Lightings
Based on Vehicle Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and sales volume (million units) for 2015-2026 included in each section.
Passenger Vehicles
• Economy Vehicles
• Mid-priced Vehicles
• Luxury Vehicles
Commercial Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Based on Vehicle Autonomy, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and sales volume (million units) for 2015-2026 included in each section.
• Conventional Vehicles
• Autonomous Vehicles
Based on Sales Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and sales volume (million units) for 2015-2026 included in each section.
• OEM
• Aftermarket
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
For each of the countries, market analysis and revenue/volume data are available for 2015-2026. The breakdown of major national markets by Technology, Product, and Vehicle Type over the years 2015-2026 are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Asia Pacific automotive lighting market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
Bosch
Changzhou Xingyu Automotive Lighting System
GE Lighting
Grupo Antolin
Hella KGaA Hueck & Co.
Ichikoh Industries Ltd.
Infineon Technologies
Johnson Electric Holdings
Koito Manufacturing Co. Ltd.
Koninklijke Philips N.V.
Magneti Marelli S.P.A.
Osram Licht AG
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Asia Pacific Automotive Lighting Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Playes
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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