Automotive Tail Light Market Strategies and Future Growth Factors with Competitive Analysis Report 2022 by Technology (Halogen, LED, Xenon), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting & Region

Dublin 2, Ireland, 2018-Jul-12 — The global market for automotive tail light is expected to witness a sluggish growth as the auto component is yet to find applicability beyond its traditional utilities. However, manufacturers are now focusing on improving tail light functionality with the help of technologies such as OLED and LED as well as are stressing on product aesthetics and design. Despite having a limited application base, tail light will remain a key component in vehicles. FactMR has included the latest Forecast report titled “Automotive Tail Light Market Strategies and Future Growth Factors with Competitive Analysis Report 2022 by Technology (Halogen, LED, Xenon), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting & Region”, to its vast database. This study offers data about the prime regions operating in the Automotive Tail Light Market, along with their production, consumption, revenue and market share details.

Traditionally, tail light has been an essential auto component but its limited scope of utility is undermining the prospects of its global market. Which is why, manufacturer are now trying to incorporate advanced lighting technologies in order to make their products more viable. For many years now, automotive tail lights have been serving as an important vehicle safety component that allows drivers to give signals or indications to other vehicles, helping avoid or-road collisions. In addition, many of the modern tail light designs also help in improving the looks of the car. The global market for automotive tail light is expected to be influenced by the incessant growth of the overall automotive industry in emerging countries such as China and India. Over the past couple of years, the global demand for vehicles has increased in leaps and bounds, which reflected positively on the automotive tail light market as well.

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An automotive taillight is a (usually) red light mounted on the back of an automotive. Taillights are a safety feature and are used for making it possible for the vehicle to be seen in the dark and in situations where visibility is poor. Disruption through innovation has become all-pervasive in the global automotive sector. On account of increasing government mandates and ever-evolving consumer demand, manufacturers have been hard-pressed to incorporate the latest technology in their offerings. Instead of focusing entirely on the aesthetics, manufacturers are paying increasing emphasis on functionality. Safety, functionality, and aesthetics are the key focus areas for manufacturers in the automotive tail light market. Increasing emphasis on sleek and functional vehicle design will mean that taillight design and functionality become integral to automotive product offerings.

On the basis of tail light source, the halogen segment is expected to command for around half of the market revenues by 2017-end. In addition, the segment is expected to reach a market valuation of US$ 6,537 Mn towards the end of forecast period. Meanwhile, the led segment is project to witness a faster CAGR, creating a robust absolute $ opportunity between 2017 and 2022.

By vehicle type, the passenger car segment currently accounts for little under one-half revenue share of the market and is expected to maintain its dominant position throughout the forecast period. By the end of 2022, this segment is expected to exceed a valuation of US$ 4,909 Mn, registering a listless CAGR.

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In terms of revenue, plastic tail lights are expected to account for more than two-third share of the market by 2017-end. Plastic, being translucent, easy moldable and light-weight remains one of the most suitable material for tail light manufacturing. By 2022, around US$ 9,929.1 Mn worth plastic tail lights are estimated to be sold globally.

Based on sales channel, aftermarket will continue to be the predominant segment of the market over 2022. The aftermarket segment is expected to witness a moderate CAGR to reach a significant market valuation by the end of assessment period.

Competitive Dashboard

General Electric Company, Robert Bosch GmbH, Koninklijke Philips N.V., Koito Manufacturing Co., Ltd.,  HELLA KGaA Hueck & Co., OSRAM Licht AG , Valeo S.A., UNOMINDA, Stanley Electric Co. Ltd., Phoenix Lamps Limited, and Sammoon Lighting & Electrical Co., Ltd. are some of the top companies operating in the global automotive tail light market.  Rising consumer demand for specific features and styling is pushing many of these manufacturers to incorporate leading-edge lighting technology in their products.

Table of Contents

Chapter 1. Global Automotive Tail Light Market Market – Executive Summary. 31

Chapter 2. Global Automotive Tail Light Market Market Overview. 33

2.1. Introduction. 33

2.1.1. Global Automotive Tail Light Market Market Taxonomy. 33

2.1.2. Global Automotive Tail Light Market Market Definition. 33

2.2. Global Automotive Tail Light Market Market Size (US$ Mn) and Forecast, 2012-2022. 33

2.2.1. Global Automotive Tail Light Market Market Y-o-Y Growth. 33

2.3. Global Automotive Tail Light Market Market Dynamics. 34

2.3.1. Drivers. 34

2.3.2. Restraints. 34

2.3.3. Trends. 34

2.4. Supply Chain. 35

2.5. Cost Structure. 35

2.6. Pricing Analysis. 35

2.7. Raw Material Sourcing Strategy and Analysis. 35

2.8. List of Distributors. 36

2.9. Key Participants Market Presence (Intensity Map) By Region. 36

Chapter 3. Global Automotive Tail Light Market Market Analysis and Forecast By Tail Light Source. 37

3.1. Global Automotive Tail Light Market Market Size and Forecast By Tail Light Source, 2012-2022. 37

3.1.1. Halogen Automotive Tail Light Market Market Size and Forecast, 2012-2022. 37

3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 37

3.1.1.2. Market Share Comparison, By Region. 38

3.1.1.3. Y-o-Y growth Comparison, By Region. 39

3.1.2. LED Automotive Tail Light Market Market Size and Forecast, 2012-2022. 39

3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 39

3.1.2.2. Market Share Comparison, By Region. 41

3.1.2.3. Y-o-Y growth Comparison, By Region. 42

Continued………………………

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