Global Automotive Fog Lights Market – Industry Analysis and Forecast (2019-2026)
Global Automotive Fog Lights Market was valued US $ 687.71 Mn in 2019 and is estimated to reach US $ XX Mn by 2026 at a CAGR of about XX %.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Fog lights are totally different from driving lights as they improved for use in thick fog. Fog lights are usually adjusted to the lower portion of vehicle and mounted on front bumper. The increase in the manufacturing of the automobiles is triggering the growth of the global automotive fog lights market.
Increase in awareness of adaptive fog light solutions and safety measures drives the market in the developing regions. Other factors such as technological advancements, constant developments to augment efficiency and lifespan is also anticipated to contribute to the growth of automotive fog lights market. The major hinder for the market is the underdeveloped aftermarket services which can be used by the end users for product support, warranties, contracts, and parts procurements.
Automotive fog lights market is segmented into technology, lamp position, color emission type, vehicle type, end market, and region. In terms of technology, halogen has accounted the XX % of market share in 2018. The LED fog light segment is anticipated to remain sought-after in the market. The LED fog light segment is estimated to account for a XX % share of the market during the forecasting period.
Based on colour emission type, the white fog light is projected to remain highly attractive in the market. This is mainly attributed to the reduction in glares by white fog lights, which in turn enables drivers to better view the obstacles on the roads. The blue fog light segment is estimated to account for the second-largest share of the market.
At the time of replacements or maintenance, most of the end users choose to go for aftermarket rather than OEM. So that, aftermarket accounted XX % of largest market share in 2018. OEM is generally the secondary market for automotive concerned with manufacturing, distribution, retailing and installation of vehicle parts. Fog light sales in OEM are expected to exhibit relatively lower market growth during the forecast period.
In terms of region, the dominant region of the automotive fog lights market is Asia Pacific as it is a major hub for the automotive manufacturing. North America is anticipated to remain the second largest market for automotive fog lights. Moreover, the demand for automotive fog lights in Middle East & Africa is anticipated to be sluggish during the forecast period.
The objective of the report is to present comprehensive analysis Automotive Fog Lights Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Automotive Fog Lights Market dynamics, structure by analyzing the market segments, and project the Automotive Fog Lights Market size. Clear representation of competitive analysis of key players by Automotive Fog Lights Market Type, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Fog Lights Market make the report investor’s guide.
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Global Automotive Fog Lights Market, by Technology
• Xenon
• Halogen
• LED
Global Automotive Fog Lights Market, by Lamp Position
• Rear Fog Lights
• Front Fog Lights
Global Automotive Fog Lights Market, by Colour Emission Type
• white fog light
• blue fog light
• yellow fog light
Global Automotive Fog Lights Market, by Vehicle Type
• Passenger Vehicle
• LCV
• HCV
Global Automotive Fog Lights Market, by End Market
• OEM
• Aftermarket
Global Automotive Fog Lights Market, by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players in Global Automotive Fog Lights Market
• Flex-N-Gate Corporation
• Phoenix Lamps Limited
• Robert Bosch GmbH
• Magneti Marelli S.p.A.
• HELLA KGaA Hueck & Co.
• OSRAM Light AG
• Valeo SA
• ZKW Group
• Guangzhou Ledoauto Company Ltd.
• Hyundai Mobis
• Zizala Lichtsysteme GMBH
• General Electric
• Blazzer international
• Warn industries, Inc.
• Osram GMBH
• PIAA corporation
• Royal Philips Electronics
• Sammoon Lighting & Electrical Co., Ltd.
• Nokya
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