United States Automotive Lighting Market - Opportunities and Challenges 2028 – Techsci Research
Posted by Kumar on July 13th, 2023
Lighting is an essential part of car vehicles, playing a vital role in car safety. The lighting system consists of front, rear, side, fog and interior lights. It provides clear vision to the driver and helps other vehicle drivers and pedestrians on the road to identify the position and size of other vehicles. The United States Automotive Lighting market is expected to grow on the back of growing automotive production and growing gross national income of the country. Moreover, the country is the second largest automobile market in the world and the increasing purchasing power of individuals will result in the expansion of the automobile lighting market in the forecast period. Some of the major players operating in the US Automotive Lighting Market are Denso Corporation, Hella, Osram, Magneti Marelli S.P.A, Valeo, Hyundai Mobis, Koito, Stanley Electric Co, General Electric Company, Oracle Lighting etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Browse Full Report (United States Automotive Lighting Market by Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle and Off the Road Vehicle(OTR)), By Application (Front Light, Rear Light, Side Light, Fog Light and Interior Light), By Technology (LED, Xenon and Halogen), By Demand Category (OEM Vs. Replacement) Forecast & Opportunities, 2028) - https://www.techsciresearch.com/report/united-states-automotive-lighting-market/4757.html
To conduct the study, TechSci Research carried out primary as well as exhaustive secondary research. Initially, TechSci Research prepared a comprehensive list of Automotive Lighting market manufacturers and suppliers operating in the United States. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed the product offerings, distribution channels, and regional presence of all major automotive lighting market suppliers in the United States. TechSci Research calculated the market size for the United States Automotive Lighting market using a bottom-up technique, wherein the volume sales data of manufacturers for different applications were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated them by analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as Automobile associations in the United States such as American Automobile Association, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Automotive Lighting manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, United States Automotive Lighting Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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About the AuthorKumar
Joined: July 7th, 2021
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