The lighting system in automotive industries comprises various lighting and signaling devices, which are installed in various types of motor vehicles. The automotive lighting has gained popularity among various manufacturers in terms of modifications in design. The increase in consumer expenditure of vehicles in terms of appearance is expected to expand the tail light holder market over the forecast period. Tail light holds an essential share in the entire automotive lighting market. The development of advanced tail lights is expected to drive the demand for tail light holder market during the forecast period.
Increase in demand for vehicles and rise in number of motorcycle sales in Asian countries are expected to boost the market growth during the forecast period. In addition, technological upgradation, such as introduction of OLED lighting and laser light technology are anticipated to transform the overall market scenario of tail light holders globally.
The global tail light holder market is segmented based on terminal gender into male and female. Based on type of vehicle, it is divided into commercial & heavy vehicles and two-wheelers. Geographically, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA. Increase in number of vehicle sales in countries, such as India and China, is anticipated to expand the growth of tail light holders market during the period. The minimal manufacturing cost in production of tail light holder is further expected to propel the growth of the market.
Key players identified across the value chain of this report include Osram GmbH, Stanley Electric Co. Ltd., Koito Manufacturing Co. Ltd., Ichikon Industries Ltd., Koninklijke Philips N.V., Hella KGaA, Valeo, Magnetti Marelli S.p.A, General Electric, and others.
- The study provides an in-depth analysis of the tail light holder market with current and future trends to elucidate the imminent investment pockets.
- The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
- Porters Five Forces model analysis of the industry illustrates the potency of the buyers & suppliers.
- Market player positioning in the report provides a clear understanding of the position of leading companies.
Tail Light Holder Market Key Segmentation
By Terminal Gender
By Type of Vehicle
- Commercial & Heavy Vehicle
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Osram GmbH
- Stanley Electric Co. Ltd.
- Koito Manufacturing Co. Ltd.
- Ichikon Industries Ltd.
- Koninklijke Philips N.V.
- Hella KGaA
- Magnetti Marelli S.p.A
- General Electric