Germany Automotive Lighting Market, by Vehicle Type, By Application, By Technology, By Demand Catego
Backed by change in lighting technology and growing demand for bright and durable lights, Germany Automotive Lighting Market is projected to reach $ 18.8 billion by 2024. 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.
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Report performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of manufacturers across the Germany. Subsequently, Report conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, report could include the manufacturers which could not be identified due to the limitations of secondary research. In a report analyzed manufacturers, distribution channels and presence of all major manufacturers across the Germany.
Report 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. Report 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.
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Last Update : Dec 02, 2019
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|Item Owner : Vidhya Nigam|
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