Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The "On Highway Vehicle Lighting Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global on highway vehicle lighting market is expected to reach an estimated $29.1 billion by 2030 with a CAGR of 4.6% from 2024 to 2030.
The future of the global on highway vehicle lighting market looks promising with opportunities in the headlight, exterior light, and internal light applications. The major drivers for this market are increasing focus on vehicle safety regulations, growing demand for energy-efficient LED lighting solutions, and rising technological advancements in smart lighting systems for vehicles.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies on highway vehicle lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
FAQ
Q1. What is the on highway vehicle lighting market size?
Answer: The global on highway vehicle lighting market is expected to reach an estimated $29.1 billion by 2030.
Q2. What is the growth forecast for on highway vehicle lighting market?
Answer: The global on highway vehicle lighting market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the on highway vehicle lighting market?
Answer: The major drivers for this market are increasing focus on vehicle safety regulations, growing demand for energy-efficient LED lighting solutions, and rising technological advancements in smart lighting systems for vehicles.
Q4. What are the major segments for on highway vehicle lighting market?
Answer: The future of the on highway vehicle lighting market looks promising with opportunities in the headlight, exterior light, and internal light applications.
Q5. Who are the key on highway vehicle lighting market companies?
Answer: Some of the key on highway vehicle lighting companies are as follows:
- Marelli Automotive Lighting
- KOITO MANUFACTURING
- Valeo
- Koninklijke Philips
- Zizala Lichtsysteme
- TYC Genera
- Spyder Auto
Q6. Which on highway vehicle lighting market segment will be the largest in future?
Answer: The report forecasts that light-emitting diode is expected to witness the highest growth over the forecast period.
Q7. In on highway vehicle lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
On Highway Vehicle Lighting Market Insights
- Light-emitting diode is expected to witness the highest growth over the forecast period.
- Headlight segment is expected to witness the highest growth over the forecast period.
- APAC will remain the largest region over the forecast period.
Key Topics Covered:
1. Executive Summary
2. Global On Highway Vehicle Lighting Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global On Highway Vehicle Lighting Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global On Highway Vehicle Lighting Market by Product Type
3.3.1: Halogen
3.3.2: High Intensity Discharge
3.3.3: Light-Emitting Diode
3.3.4: Incandescent
3.3.5: LASER
3.4: Global On Highway Vehicle Lighting Market by Vehicle Type
3.4.1: Motorcycle
3.4.2: Passenger Cars
3.4.3: Buses
3.4.4: Light Trucks
3.4.5: Medium Trucks
3.4.6: Heavy Trucks
3.4.7: Others
3.5: Global On Highway Vehicle Lighting Market by Application
3.5.1: Headlight
3.5.2: Exterior Lights
3.5.3: Internal Lights
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global On Highway Vehicle Lighting Market by Region
4.2: North American On Highway Vehicle Lighting Market
4.2.1: North American On Highway Vehicle Lighting Market by Product Type: Halogen, High Intensity Discharge, Light-Emitting Diode, Incandescent, and LASER
4.2.2: North American On Highway Vehicle Lighting Market by Application: Headlight, Exterior Lights, and Internal Lights
4.3: European On Highway Vehicle Lighting Market
4.4: APAC On Highway Vehicle Lighting Market
4.5: ROW On Highway Vehicle Lighting Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global On Highway Vehicle Lighting Market by Product Type
6.1.2: Growth Opportunities for the Global On Highway Vehicle Lighting Market by Vehicle Type
6.1.3: Growth Opportunities for the Global On Highway Vehicle Lighting Market by Application
6.1.4: Growth Opportunities for the Global On Highway Vehicle Lighting Market by Region
6.2: Emerging Trends in the Global On Highway Vehicle Lighting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global On Highway Vehicle Lighting Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global On Highway Vehicle Lighting Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/134l5p
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
