LONDON--(BUSINESS WIRE)--Technavio has announced the release of their research report on the global automotive halogen headlights market for the forecast period 2019-2023. This automotive halogen headlights market analysis report segments the market by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, South America, and North America).
Many innovations have been taking place in the field of automotive lighting since the use of incandescent bulbs in vehicles. Some of the most advanced and modern lighting technology used in automobiles today include laser and LED headlights. However, these headlights are limited only to luxury cars because of their high costs. However, the adoption of these lighting technologies is predicted to increase in the future, which poses a significant challenge for the growth of the automotive halogen headlights market.
Growing demand for automobiles in emerging economies
Strong economic growth of countries in the APAC region has significantly impacted the expansion of the automotive halogen headlights market in the last few years. The demand for automotive halogen headlights will increase with the growing automotive sales, particularly in India, China, and Indonesia as a high proportion of entry-level vehicles in these countries use halogen headlights. Other emerging markets such as Mexico and Brazil are also significantly contributing to sales of automotive halogen headlights.
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“Passenger cars segment in APAC will grow at a faster rate during the forecast period when compared with other regions. This will drive the demand for halogen headlights in the region. In countries such as China and India, the improvement in economic growth has resulted in a rise in disposable incomes of consumers, thereby leading to an increase in the ownership of cars. Also, most of the vehicles in these countries fall in the entry-level segment where the adoption of halogen headlights is high due to their cost-effectiveness,” says an analyst at Technavio.
Automotive headlights are an essential component in the exterior designing of modern vehicles. These headlights have been witnessing changes in both headlight bulbs and headlight assembly owing to recent advances. Double barrel headlights are being preferred by many automotive OEMs in the compact segment cars to increase the visual appeal. This is expected to ensure the sustainability of halogen headlights in the automotive market.
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This automotive halogen headlights industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several automotive halogen headlights products manufacturers including –
- HELLA
- KOITO MANUFACTURING
- Magneti Marelli
- OSRAM
- Valeo
- Varroc Group
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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