India Automotive Lighting Market by Technology, Vehicle Type, Sales Channel - Opportunity Analysis and Industry Forecast, 2014-2022 Forecas

  • ID: 3843645
  • Report
  • Region: India
  • 100 pages
  • Allied Analytics LLP
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India Automotive Lighting Market is Expected to Reach $3.1 Billion by 2022, Growing at a CAGR Of 5.6% from 2016 to 2022

FEATURED COMPANIES

  • GE Lighting
  • Hella KGaA Hueck & Co.
  • Koninklijke Philips N.V.
  • Lumax Industries Limited
  • Magneti Marelli S.P.A.
  • Osram Licht AG
  • MORE
Lighting, a vital component in automotive vehicles, plays an important role in automotive safety. An automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions, and increase the conspicuity of the vehicle. The lighting system comprises lighting and signaling devices, which are placed at different locations in the vehicle such as the front, rear, side, and interiors. Lighting provides illumination for the driver and assists other vehicle drivers and pedestrians on the road to detect the vehicle’s position, direction of movement, and size. It also adds aesthetic looks to both interior and exterior parts of the vehicle.

The India automotive lighting market witnessed significant growth in the recent past owing to increased automotive sales and economic growth. In addition, the market is driven by increasing population and concerns about vehicle safety triggered by government regulations.

In the recent past, India has emerged as one of the fastest growing market for passenger vehicles, and it is expected that this growth momentum would continue owing to economy growth prospects. Though the urban area dominated the sales of two wheelers, the rural area is expected to show increasing trend due to replacement demand and rising per capita income of the populace. Among other vehicles, the sale of tractors is projected to rise owing to infrastructure development and increased mechanization of agricultural activities. This has boosted the demand for automotive lighting for both OEM and aftermarket products in India.

Traditionally, halogen and xenon lights were popular among the population owing to their low cost and easy availability. However, the emergence of LED lights witnessed an increased demand due to their long life span and brightness. Nowadays, LED lights show an increase in demand to be utilized for interior lighting of the vehicle. However, high prices as compared to halogen and xenon lights restrain the market growth. Growing awareness regarding vehicle lights and decreasing prices of LED lights with technological advancement are expected to create lucrative market opportunities. The demand for LEDs is on a rise among premium car holders to add aesthetic looks to the vehicle.

The India automotive lighting market is segmented based on lighting technology, application, sales channel type, and vehicle type. Based on lighting technology, it is divided into halogen, xenon, and LED. Vehicle categories such as passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, and tractors are considered in the report. Among applications, it is categorized into front lighting, rear lighting, side lighting, fog lamps, and interior lighting. In India, lighting products are sold either as OEM and aftermarket products.

Key players profiled in the report include Koninklijke Philips N.V., Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, GE Lighting, Magneti Marelli S.p.A., Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Valeo, and Neolite ZKW Lightings Pvt. Ltd. Market players have launched product catalogue with innovative lighting solutions to meet the demand of customers. India has emerged as the second largest automotive lighting market in Asia-Pacific after China. Thus, the market players are setting up advanced manufacturing facilities in the country to take advantages. The low cost of production has also prompted the players to expand their manufacturing capacity. For instance, Italian automotive component manufacturers Magenti Marelli S.p.A. set up a state-of-the-art facility in Gujrat to expand its business in India.

Key Benefits:

The study provides an in-depth analysis of the India automotive lighting market, with current trends and future estimations to elucidate the imminent investment pockets.
The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
Porter’s Five Forces Model of the industry illustrates the potency of buyers and suppliers.
SWOT analysis helps in understanding the internal environment of the leading companies for strategy formulation.
Value chain analysis signifies the key intermediaries involved and elaborates their roles and value additions at every stage.
The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the market potential.

KEY MARKET SEGMENTS

BY TECHNOLOGY

Halogen
Xenon
LED

BY VEHICLE TYPE

Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Three-Wheelers
Tractors

BY PRODUCT SALE

OEM Product
Aftermarket Product

BY APPLICATION

Front Lighting
Rear Lighting
Side Lighting
Interior Lighting
Fog Lamps

Key Players

Koninklijke Philips N.V.
Phoenix Lamps Limited
Lumax Industries Limited
Osram Licht AG
GE Lighting
Magneti Marelli S.P.A.
Koito Manufacturing Co. Ltd.
Hella KGaA Hueck & Co.
Valeo
Neolite ZKW Lightings Pvt. Ltd.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • GE Lighting
  • Hella KGaA Hueck & Co.
  • Koninklijke Philips N.V.
  • Lumax Industries Limited
  • Magneti Marelli S.P.A.
  • Osram Licht AG
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO Perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors
3.2.2 Top winning strategies

3.3 Porters Five forces analysis

3.3.1 Bulk requirement as well as awareness of products among buyers lead to moderate bargaining power of suppliers
3.3.2 High prospects of backward integration leads to high bargaining power of buyers
3.3.3 Low threat of substitutes
3.3.4 Increase in automotive production and easy access to distribution channels increase the threat from new entrants
3.3.5 Large number of players in the market intensifies competitive rivalry

3.4 Value chain analysis
3.5 Market dynamics

3.5.1 Drivers

3.5.1.1 Growing emphasis towards road safety
3.5.1.2 Government regulations

3.5.2 Restraints

3.5.2.1 High Cost of LED lights

3.5.3 Opportunities

3.5.3.1 Growing automobile production

CHAPTER 4 INDIA AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY

4.1 Introduction

4.1.1 Market size and forecast

4.2 Halogen

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Xenon

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

4.4 LED

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast

CHAPTER 5 INDIA AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE

5.1 Introduction

5.1.1 Market size and forecast

5.2 Passenger vehicles

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

5.3 Commercial vehicles

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast

5.4 Two wheeler vehicles

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast

5.5 Three wheeler vehicles

5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast

5.6 Tractors

5.6.1 Key market trends
5.6.2 Key growth factors and opportunities
5.6.3 Market size and forecast

CHAPTER 6 INDIA AUTOMOTIVE LIGHTING MARKET BY APPLICATION

6.1 Introduction

6.1.1 Market size and forecast

6.2 Front/Headlamps

6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast

6.3 Rear lighting

6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast

6.4 Sidelights

6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast

6.5 Interior lighting

6.5.1 Key market trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast

6.6 Fog Lamps

6.6.1 Key market trends
6.6.2 Key growth factors and opportunities
6.6.3 Market size and forecast

CHAPTER 7 INDIA AUTOMOTIVE LIGHTING MARKET BY SALES CHANNEL TYPE

7.1 Introduction

7.1.1 Market size and forecast

7.2 Original Equipment Manufacture products (OEM Product)

7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast

7.3 Aftermarket products

7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1 Magneti Marelli S.p.A.

8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Business performance
8.1.4 Strategic moves and developments
8.1.5 Magneti Marelli S.p.A.: SWOT analysis

8.2 Osram Licht AG

8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Business performance
8.2.4 Strategic moves and developments
8.2.5 Osram Licht AG: SWOT analysis

8.3 GE Lighting

8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Strategic moves and developments
8.3.5 GE Lighting: SWOT analysis

8.4 Koito Manufacturing Co. Ltd.

8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Business performance
8.4.4 Strategic moves and developments
8.4.5 Koito Manufacturing Co. Ltd.: SWOT analysis

8.5 Hella KGaA Hueck & Co.

8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Business performance
8.5.4 Strategic moves and developments
8.5.5 Hella KGaA Hueck & Co.: SWOT analysis

8.6 Valeo

8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Business performance
8.6.4 Strategic moves and developments
8.6.5 Valeo: SWOT analysis

8.7 Koninklijke Philips N.V.

8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Business performance
8.7.4 Strategic moves and developments
8.7.5 Koninklijke Philips N.V.: SWOT analysis

8.8 Phoenix Lamps Limited

8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Business performance
8.8.4 PHOENIX LAMPS LIMITED :SWOT analysis

8.9 Lumax Industries Limited

8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Business performance
8.9.4 Strategic moves and developments
8.9.5 Phoenix Lamps Limited: SWOT analysis

8.10 Neolite ZKW Lightings Pvt. Ltd.

8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Neolite ZKW Lightings Pvt. Ltd.: SWOT analysis

List Of Tables
Table 1 India Automotive Lighting Market Revenue, By Technology, 2014-2022 ($Million)
Table 2 Domestic Automobiles: Sales Trends
Table 3 Comparison Of Automotive Lighting Technologies
Table 4 India Automotive Lighting Market, By Technology, 2014-2022 ($Million)
Table 5 India Automotive Lighting Market, By Vehicle Type, 2014-2022 ($Million)
Table 6 India Automotive Lighting Market, By Application, 20142020 ($Million)
Table 7 India Automotive Lighting Market Revenue, By Sales Channel, 2014-2022 ($Million)
Table 8 Magneti Marelli S.P.A.: Snapshot
Table 9 Osram Licht Ag: Snapshot
Table 10 Ge Lighting: Snapshot
Table 11 Koito Manufacturing Co. Ltd: Snapshot
Table 12 Hella Kgaa Hueck & Co.: Snapshot
Table 13 Valeo: Snapshot
Table 14 Koninklijke Philips N.V.: Snapshot
Table 15 Phoenix Lamps Limited: Snapshot
Table 16 Lumax Industries Limited: Snapshot
Table 17 Neolite Zkw Lightings Pvt. Ltd.: Snapshot

List Of Figures
Fig. 1 Top Impacting Factors
Fig. 2 Top Winning Strategies
Fig. 3 Porters Five Forces Analysis
Fig. 4 Value Chain Analysis Of Automotive Lighting Market
Fig. 5 Major Causes Of Road Accidents In India, 2014
Fig. 6 Comparative Market Share Analysis Of India Automotive Lighting Market By Technology, 2014 And 2022 (%)
Fig. 7 India Halogen Automotive Lighting Technology Market Revenue, 2014-2022 ($Million)
Fig. 8 India Xenon Automotive Lighting Technology Market Revenue, 2014-2022 ($Million)
Fig. 9 India Led Automotive Lighting Technology Market Revenue, 2014-2022 ($Million)
Fig. 10 Comparative Market Share Analysis Of India Automotive Lighting Market By Vehicle Type, 2014 And 2022 (%)
Fig. 11 India Passenger Vehicles Lighting Market Revenue, 2014-2022 ($Million)
Fig. 12 India Commercial Vehicles Lighting Market Revenue, 2014-2022 ($Million)
Fig. 13 India Two Wheeler Vehicles Lighting Market Revenue, 2014-2022 ($Million)
Fig. 14 India Three Wheeler Vehicles Lighting Market Revenue, 2014-2022 ($Million)
Fig. 15 India Tractor Lighting Market Revenue, 2014-2022 ($Million)
Fig. 16 Types Of Lights Used In Vehicles
Fig. 17 Comparative Market Share Analysis Of India Automotive Lighting Market By Application, 2014 And 2022 (%)
Fig. 18 Difference Between Low Beam And High Beam Illumination
Fig. 19 India Automotive Front/Headlamps Lighting Market Revenue, 2014-2022 ($Million)
Fig. 20 India Automotive Rear Lighting Market Revenue, 2014-2022 ($Million)
Fig. 21 India Automotive Side Lighting Market Revenue, 2014-2022 ($Million)
Fig. 22 India Automotive Interior Lighting Market Revenue, 2014-2022 ($Million)
Fig. 23 India Automotive Fog Lamp Market Revenue, 2014-2022 ($Million)
Fig. 24 Comparative Market Share Analysis Of India Automotive Lighting Market, By Sales Channel Type, 2014 And 2022 (%)
Fig. 25 India Automotive Oem Lighting Market Revenue, 2014-2022 ($Million)
Fig. 26 India Automotive Aftermarket Lighting Market Revenue, 2014-2022 ($Million)
Fig. 27 Magneti Marelli S.P.A.: Revenue 2013-2015 ($Million)
Fig. 28 Swot Analysis: Magneti Marelli S.P.A.
Fig. 29 Osram Licht Ag: Revenue, 2013-2015 ($Million)
Fig. 30 Osram Licht Ag: Revenue, By Business Segment (%), 2015
Fig. 31 Osram Licht Ag: Revenue, By Geography (%), 2015
Fig. 32 Osram Licht Ag: Swot Analysis
Fig. 33 Ge Company: Revenue 2013-2015 ($Million)
Fig. 34 Ge Company: Revenue, By Business Segment (%), 2015
Fig. 35 Ge Company: Revenue, By Geography (%), 2015
Fig. 36 Ge Lighting: Swot Analysis
Fig. 37 Koito Manufacturing Co. Ltd.: Revenue, 2013-2015 ($Million)
Fig. 38 Koito Manufacturing Co. Ltd.: Revenue, By Geography (%), 2015
Fig. 39 Koito Manufacturing Co. Ltd.: Swot Analysis
Fig. 40 Hella Kgaa Hueck & Co.: Revenue, 2013-2015 ($Million)
Fig. 41 Hella Kgaa Hueck & Co.: Revenue, By Business Segment (%), 2015
Fig. 42 Hella Kgaa Hueck & Co.: Revenue, By Geography (%), 2015
Fig. 43 Hella Kgaa Hueck & Co.: Swot Analysis
Fig. 44 Valeo: Revenue, 2013-2015 ($Million)
Fig. 45 Valeo: Revenue, By Business Segment (%), 2015
Fig. 46 Valeo: Revenue, By Geography (%), 2015
Fig. 47 Valeo: Swot Analysis
Fig. 48 Philips Group: Revenue, 2013-2015 ($Million)
Fig. 49 Philips Group: Revenue, By Business Segment (%), 2015
Fig. 50 Philips Group: Revenue, By Geography (%), 2015
Fig. 51 Koninklijke Philips N.V.: Swot Analysis
Fig. 52 Phoenix Lamps Limited: Net Sales, 2013-2015($Million)
Fig. 53 Phoenix Lamps Limited: Net Sales, By Business Segment (%), 2015
Fig. 54 Phoenix Lamps Limited: Net Sales, By Geography (%), 2015
Fig. 55 Phoenix Lamps Limited: Swot Analysis
Fig. 56 Lumax Industries Limited: Revenue, 2013-2015 ($Million)
Fig. 57 Lumax Industries Limited: Revenue, By Business Segment (%), 2015
Fig. 58 Lumax Industries Limited: Revenue, By Geography (%), 2015
Fig. 59 Lumax Industries Limited: Swot Analysis
Fig. 60 Neolite Zkw Lightings Pvt. Ltd.: Swot Analysis
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FEATURED COMPANIES

  • GE Lighting
  • Hella KGaA Hueck & Co.
  • Koninklijke Philips N.V.
  • Lumax Industries Limited
  • Magneti Marelli S.P.A.
  • Osram Licht AG
  • MORE
According to a new report titled "India Automotive Lighting Market - Opportunity Analysis and Industry Forecast, 2014 - 2022", the India automotive lighting market is expected to reach $3.1 billion by 2022, growing at a CAGR of 5.6% from 2016 to 2022. LED automotive lights have gained increased demand from customers owing to their long shelf life and low temperature. The passenger vehicle segment is projected to generate the highest revenue, owing to maximum sale of lights under this category.

The India automotive lighting industry witnesses a steady growth on account of the growing automotive production and increasing emphasis on vehicle safety and government regulations regarding automotive lighting systems. Moreover, increasing disposable income of people supports the demand for aesthetic looks for vehicles, which in turn creates the demand for advanced lighting solutions.

Fluctuating prices of raw materials and high R&D cost restrain the market growth. The raw materials used in the manufacturing of automotive lights are tungsten, glass, niobium, polymers, silicone, and a mixture of gases. In addition, the high cost of LED lights restrains their adoption among the customers.

The India automotive lighting market is segmented based on lighting technology, application, sales channel type, and vehicle type. On the basis of application, it is divided into front lighting, rear lighting, side lighting, interior lighting, and fog lamps. Front lighting finds the largest application in the automotive industry, followed by fog lamps. Features such as automatic rotation, automatic brightness modules, sensor response and government regulations as well as increasing demand related to efficient front lighting drive the market growth for front lighting application. Owing to increasing preference towards aesthetic looks, the interior lighting segment is also gaining pace in the market.

With respect to lighting technology, the market is segmented into halogen, xenon, and LED. Traditionally, halogen, being a low cost and easily available technology, was the majorly used lighting technology. Halogen accounted for the highest revenue generation in 2014, and is expected to continue to dominate throughout 2022. However, the emergence of LED lights may witness an increased demand owing to their low power consumption, longer life, and compact size. By 2022, LED technology is projected to constitute one-third of the total automotive lighting market, growing at the highest CAGR. The decreasing cost of LED lights is expected to further fuel its market growth.

Key reasons that boost the Indian automotive lighting market are the technological advancements and increasing purchasing power. Based on vehicle type, the market is classified into passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, and tractors. Passenger vehicles is estimated to be the largest vehicle type segment for automotive lighting. The demand for aesthetic lighting features is expected to support the demand for lights in compact cars as well as SUVs. The segment constituted nearly 45% of revenue in 2014.

Based on the sales channel type, the market is segmented into OEM product and aftermarket product. OEM market led by contributing 54% of total revenue in 2014, and is projected to grow at a CAGR of 5.7%.

Key Findings of India Automotive Lighting Market Study:
The India automotive lighting market is anticipated to witness steady growth during the forecast period, owing to rising concerns regarding road safety and growing automobile production.
Halogen technology is expected to continue its dominance due to its cost-effectiveness.
Passenger vehicles are anticipated create more demand for automotive lighting products compared to commercial vehicles during the forecast period.
Market players may launch innovative featured products to achieve a competitive edge on their rivals.
The market comprises major global as well as local players. Players such as Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, an GE Lighting hold a significant market share. They invest heavily on R&D activities for product innovation and strengthen the distribution channel to improve their market presence.
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- Koninklijke Philips N.V.
- Phoenix Lamps Limited
- Lumax Industries Limited
- Osram Licht AG
- GE Lighting
- Magneti Marelli S.P.A.
- Koito Manufacturing Co. Ltd.
- Hella KGaA Hueck & Co.
- Valeo
- Neolite ZKW Lightings Pvt. Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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