Germany automotive lighting market is projected to
grow from over USD15 billion in 2019 and expected to grow at CAGR more than 4%,
backed by change in lighting technology and growing demand for bright and
durable lights. With continuous innovations in automotive technologies and high
investments in research and development activities by major OEMS and tier 1 and
tier 2 suppliers, the automotive lighting market is projected to grow during
the forecast period.
Based on vehicle type, passenger
car lighting segment accounts for the
largest share due to high sales of passenger car as compared to other
vehicles in Germany. The country’s automotive lighting
market is further categorized into application type as (Front light, rear
light, fog light, side light and interior light. Based on technology segments,
the highest share is accounted for by the LED type lightings as most of the
models are equipped by LED lighting as they offer higher brightness, less
battery consumption and high durability. OEM lighting segment holds over 95% of
the market share and trend is expected to continue during the forecast period.
Major players
operating in Germany automotive lighting market include Hella GmbH & Co. KGaA, Valeo, Robert
Bosch GmbH, Osram Licht AG, Magneti Marelli, etc. An increasing number of players
are increasing launching new products based on changing demand scenario.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the
Study:
·
To assess the demand-supply scenario of automotive
lighting market, which covers production, import, export, demand, supply, and
net inventory status of automotive lighting market in Germany.
·
To analyze and forecast the market size of
automotive lighting market.
·
To classify and forecast Germany automotive
lighting market based on vehicle type, applications, technology, demand
category and regional distribution.
·
To identify drivers and challenges for
Germany automotive lighting market.
·
To examine competitive developments such
as expansions, new product launches, mergers & acquisitions, etc., in
Germany automotive lighting market.
·
To conduct the pricing analysis for
Germany automotive lighting market.
·
To identify and analyze the profile of
leading players involved in the manufacturing of automotive lighting market in
Germany.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers
across the Germany. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed manufacturers, distribution channels and presence of all major manufacturers across the Germany.
TechSci Research calculated Germany automotive lighting market size using a bottom-up approach, where data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
·
Automotive lights manufacturers, suppliers
and other stakeholders
·
Automobile manufacturers
·
Associations, organizations, forums and
alliances related to Automotive lighting.
·
Government bodies such as regulating
authorities and policy makers
·
Market research and consulting firms
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders such as manufacturers, partners and end users. The report also
provides useful insights about which market segments should be targeted over the
coming years in order to strategize investments and capitalize on growth
opportunities.
Report Scope:
In this report, Germany automotive lighting
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Market, by Vehicle
Type:
o
Passenger Car
o
Two Wheeler
o
Light Commercial Vehicle (LCV)
o
Medium and Heavy Commercial Vehicle(M&HCV)
·
Market, by
Application:
o
Front Light
o
Rear Light
o
Side Light
o
Fog Light
o
Interior Light
·
Market, by
Technology:
o
LED
o
Xenon
o
Halogen
·
Market, by Demand
Category:
o
OEM
o
Replacement
·
Market By Region
o
North Rhine-Westphalia
o
Bavaria
o
Baden-Wurttemberg
o
Saxony
o
Hesse
o
Rest of Germany
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Germany automotive lighting market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
·
Detailed
analysis and profiling of additional market players (up to five).