Automotive Fog Lights Market Research Report - Global Forecast to 2023

Automotive Fog Lights Market Research Report - Global Forecast to 2023

ID: MRFR/AM/2453-CRR | October, 2017 | Region: Global | 101 pages | Cooked Research Reports

Global Automotive Fog Lights Market, By Technology (Halogen, LED and HID), By Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), By End Market (OEM and Aftermarket) and Region - Forecast 2017-2023


Market Synopsis


The global automotive fog lights market has been experiencing substantial growth in recent years primarily due to sales of new vehicles. The increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, which in turn has increased the demand for fog lights in automotive industry. Another factor driving the vehicle sales, is the macroeconomic development and the rise in the global middle class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicle sold were 85.6 million while in 2016 it was 93.8 million.


Furthermore, with the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, and Indonesia are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, more and more people are able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford, among others are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for automotive fog lights will also escalate.


The major restraint for the market is the underdeveloped aftermarket services which can be used by the end users for product support, warranties, contracts, and parts procurements. The life time of cars is long and carmakers don't like changing electronic components too often. On an average, the life cycle of fog lights in an automobile is very long, approximately 15-20 years. On the other hand, globally, aftermarket services for automotive fog lights are very less compared to the OEMs.


However, with increased safety considerations coming into place along with rising government regulations, leading automotive fog lights manufacturers have started to enter in this market to cater to growing end user lighting requirements.

Segmentation


Automotive Fog Lights Market Image



Based on end market, it is segmented as OEM and Aftermarket. Most of the automotive manufacturers purchase automotive Fog Lights from the OEMs and after that they assembles it into the automotive manufacturers. At the time of replacements or maintenance, most of the end users prefer to go for OEM rather than aftermarket. Thus, OEM accounted the largest market share in 2016. Aftermarket is the second leading market for global automotive fog lights market by end market. Aftermarket is generally the secondary market for automotive concerned with manufacturing, distribution, retailing and installation of vehicle parts.


Currently, Asia-Pacific is the leading market and has accounted for largest share for automotive fog lights market followed by North America and Europe. Major factors that have driven the automotive fog lights market are rapidly increasing sales of new vehicles, rising concern over road safety, major development on fog light by key players in emerging economies, shifting preference for aftermarket services and others.


The major player operating in the market are General Electric (U.S.), Magneti Marelli (Italy), Stanley Electric Co. Ltd. (Japan), HELLA KGaA Hueck & Co (Germany), OSRAM (Germany), Valeo S.A. (France), Warn Industries, Inc. (U.S.), Autolite (India) Ltd. (India), PIAA Corporation (U.S.) and J.W. Speaker (U.S.).


Fog lights are one of the most important parts in vehicle as they are used for clear visibility in darkness and helps in viewing the better road condition in darkness. Fog lights are placed bottom of head lights and mounted on bumpers. The global automotive fog lights market revenue is forecast to reach USD 3,928.5 Million in 2023 with a CAGR 6.92% in the forecast period.


The report for Global Automotive Fog Lights Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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TABLE OF CONTENTS

2.1 Definition 14

2.2 Scope of the Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4.1 Market Drivers 20

4.1.1 Increase in Sales of New Vehicles 20

4.1.2 Expansion of global auto-manufacturers into new emerging markets 21

4.1.3 Accelerating Urbanization Led to Growth of Automobile Industry 21

4.2 Market Restraints 22

4.2.1 Increasing Pricing Pressures 22

4.2.2 Underdeveloped Aftermarket Services 22

4.3 Opportunities 23

4.3.1 Advanced automotive industry technology 23

5.1 Porter’s Five Forces Analysis 24

5.1.1 Threat from New Entrants 24

5.1.2 Bargaining Power of Supplier 25

5.1.3 Bargaining Power of Buyers 25

5.1.4 Threat from Substitutes 25

5.1.5 Rivalry 25

5.2 Value Chain Analysis 26

5.2.1 Lighting Components Supply 26

5.2.2 Manufacture & Assembly 26

5.2.3 Distribution 26

5.2.4 End-User 27

6.1 Introduction 29

6.1.1 Halogen 30

6.1.2 LED 30

6.1.3 HID 30

7.1 Introduction 32

7.1.1 Passenger Car 33

7.1.2 Light Commercial Vehicle 33

7.1.3 Heavy Commercial Vehicle 34

8.1 Introduction 36

8.1.1 OEM 37

8.1.2 Aftermarket 37

9.1 Introduction 39

9.2 North America 41

9.2.1 U.S. 44

9.2.2 Canada 45

9.3 Europe 47

9.3.1 Germany 50

9.3.2 United Kingdom 51

9.3.3 France 53

9.3.4 Italy 54

9.3.5 Rest of Europe 56

9.4 Asia-Pacific 58

9.4.1 China 61

9.4.2 Japan 62

9.4.3 India 64

9.4.4 Rest of Asia-Pacific 65

9.5 Rest of the World 67

9.5.1 Middle East & Africa 70

9.5.2 Latin America 71

10.1 Introduction 73

10.1.1 Product Development 74

10.1.2 Expansion 74

10.1.3 Partnerships and Collaborations 75

10.1.4 Merger & Acquisition 75

11.1 General Electric 76

11.1.1 Company Overview 76

11.1.2 Financial Overview 76

11.1.3 Product/Service Offering 77

11.1.4 Strategy 77

11.1.5 SWOT 78

11.2 Magneti Marelli 79

11.2.1 Company Overview 79

11.2.2 Financial Overview 79

11.2.3 Product/Service Offering 80

11.2.4 Strategy 80

11.2.5 Chart: Magneti Marelli: KEY DEVELOPMENTS 81

11.2.6 SWOT 82

11.3 Stanley Electric Co. Ltd 83

11.3.1 Company Overview 83

11.3.2 Financial Overview 83

11.3.3 Product/Business Offering 84

11.3.4 Strategy 84

11.3.5 Chart: Stanley Electric Co. Ltd: KEY DEVELOPMENTS 85

11.3.6 SWOT Analysis 85

11.4 Hella KGaA Hueck & Co 86

11.4.1 Company Overview 86

11.4.2 Financial Overview 86

11.4.3 Product/Service Offering 87

11.4.4 Strategy 88

11.4.5 SWOT Analysis 89

11.5 OSRAM GmbH 90

11.5.1 Company Overview 90

11.5.2 Financial Overview 90

11.5.3 Product/Service Offering 91

11.5.4 Strategy 91

11.5.5 SWOT 92

11.6 Valeo S.A 93

11.6.1 Company Overview 93

11.6.2 Financial Overview 93

11.6.3 Product/Service Overview 94

11.6.4 Strategy 94

11.7 Warn Industries, Inc 95

11.7.1 Company Overview 95

11.7.2 Product/Service Offering 95

11.7.3 Strategy 95

11.8 Autolite (India) Ltd 96

11.8.1 Company Overview 96

11.8.2 Financial Overview 96

11.8.3 Product/Service Offering 97

11.8.4 Strategy 97

11.9 PIAA Corporation 98

11.9.1 Company Overview 98

11.9.2 Product/Service Offering 98

11.9.3 Strategy 98

11.10 J.W. Speaker 99

11.10.1 Company Overview 99

11.10.2 Financial Overview 99

11.10.3 Product/Service Offering 99

11.10.4 Strategy 100

TABLE 1 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 30

TABLE 2 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 33

TABLE 3 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET, 2015-2023 (USD MILLION) 37

TABLE 4 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY REGION, 2015-2023 (USD MILLION) 40

TABLE 5 NORTH AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 42

TABLE 6 NORTH AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 42

TABLE 7 NORTH AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 43

TABLE 8 NORTH AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 43

TABLE 9 US AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 44

TABLE 10 US AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 44

TABLE 11 US AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 45

TABLE 12 CANADA AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 45

TABLE 13 CANADA AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 46

TABLE 14 CANADA AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 46

TABLE 15 EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 48

TABLE 16 EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 48

TABLE 17 EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 49

TABLE 18 EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 49

TABLE 19 GERMANY AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 50

TABLE 20 GERMANY AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 50

TABLE 21 GERMANY AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 51

TABLE 22 UK AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 51

TABLE 23 UK AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 52

TABLE 24 UK AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 52

TABLE 25 FRANCE AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 53

TABLE 26 FRANCE AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 53

TABLE 27 FRANCE AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 54

TABLE 28 ITALY AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 54

TABLE 29 ITALY AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 55

TABLE 30 ITALY AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 55

TABLE 31 REST OF EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 56

TABLE 32 REST OF EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 56

TABLE 33 REST OF EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 57

TABLE 34 ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 59

TABLE 35 ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 59

TABLE 36 ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 60

TABLE 37 ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 60

TABLE 38 CHINA AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 61

TABLE 39 CHINA AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 61

TABLE 40 CHINA AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 62

TABLE 41 JAPAN AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 62

TABLE 42 JAPAN AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 63

TABLE 43 JAPAN AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 63

TABLE 44 INDIA AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 64

TABLE 45 INDIA AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 64

TABLE 46 INDIA AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 65

TABLE 47 REST OF ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 65

TABLE 48 REST OF ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 66

TABLE 49 REST OF ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 66

TABLE 50 REST OF THE WORLD AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 68

TABLE 51 REST OF THE WORLD AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 68

TABLE 52 REST OF THE WORLD AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 69

TABLE 53 REST OF THE WORLD AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION). 69

TABLE 54 MIDDLE EAST & AFRICA AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 70

TABLE 55 MIDDLE EAST & AFRICA AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 70

TABLE 56 MIDDLE EAST & AFRICA AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 71

TABLE 57 LATIN AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 71

TABLE 58 LATIN AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 72

TABLE 59 LATIN AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET 2015-2023 (USD MILLION) 72




FIGURE 1 RESEARCH PROCESS OF MRFR 16

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18

FIGURE 3 IMPACT ANALYSIS: MARKET DRIVERS 20

FIGURE 4 SALES OF NEW VEHICLE, 2013-2016 21

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS 22

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS 24

FIGURE 7 VALUE CHAIN ANALYSIS 26

FIGURE 8 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY, 2016 (%) 29

FIGURE 9 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 29

FIGURE 10 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE, 2016 (%) 32

FIGURE 11 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 32

FIGURE 12 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET, 2016 (%) 36

FIGURE 13 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY END MARKET, 2015-2023 (USD MILLION) 36

FIGURE 14 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET SHARE (%), BY REGION, 2016 39

FIGURE 15 GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, BY REGION, 2015-2023 (USD MILLION) 39

FIGURE 16 NORTH AMERICA AUTOMOTIVE FOG LIGHTS MARKET SHARE (%), 2016 41

FIGURE 17 NORTH AMERICA AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 41

FIGURE 18 EUROPE AUTOMOTIVE FOG LIGHTS MARKET SHARE (%), 2016 47

FIGURE 19 EUROPE AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 47

FIGURE 20 ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET SHARE (%), 2016 58

FIGURE 21 ASIA-PACIFIC AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 58

FIGURE 22 REST OF THE WORLD AUTOMOTIVE FOG LIGHTS MARKET SHARE (%), 2016 67

FIGURE 23 REST OF THE WORLD AUTOMOTIVE FOG LIGHTS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 67

FIGURE 24 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL AUTOMOTIVE FOG LIGHTS MARKET, 2015-2017 73

FIGURE 25 PRODUCT DEVELOPMENT: % SHARE BY KEY PLAYERS , 2015-2017 74

FIGURE 26 EXPANSION: % SHARE BY KEY PLAYERS, 2014-2017 74

FIGURE 27 GENERAL ELECTRIC: TOTAL REVENUE VS SEGMENTAL REVENUE (ENERGY CONNECTIONS & LIGHTING) 76

FIGURE 28 GENERAL ELECTRIC: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 77

FIGURE 29 SWOT ANALYSIS 78

FIGURE 30 MAGNETI MARELLI: TOTAL REVENUE (2014-2016) IN USD MILLION 79

FIGURE 31 MAGNETI MARELLI: GEOGRAPHY REVENUE MIX (%) 80

FIGURE 32 SWOT ANALYSIS 82

FIGURE 33 STANLEY ELECTRIC CO. LTD: TOTAL REVENUE AND SEGMENTAL REVENUE (AUTOMOTIVE EQUIPMENT BUSINESS) (2014-2016) 83

FIGURE 34 STANLEY ELECTRIC CO. LTD: GEOGRAPHICAL REVENUE MIX, 2016 (%) 84

FIGURE 35 STANLEY ELECTRIC CO. LTD: SWOT ANALYSIS 85

FIGURE 36 HELLA KGAA HUECK & CO: TOTAL REVENUE (2014-2016) 86

FIGURE 37 HELLA KGAA HUECK & CO: BUSSINESS DIVISION, 2016 (%) 87

FIGURE 38 HELLA KGAA HUECK & CO: GEOGRAPHIC REVENUE MIX, 2016 (%) 87

FIGURE 39 HELLA KGAA HUECK & CO: KEY DEVELOPMENTS, 2015-2017 (%) 88

FIGURE 40 HELLA KGAA HUECK & CO : SWOT ANALYSIS 89

FIGURE 41 OSRAM GMBH : TOTAL REVENUE VS SEGMENTAL REVENUE (SPECIALITY LIGHTING) 90

FIGURE 42 OSRAM GMBH: GEOGRAPHIC REVENUE MIX, 2016 (IN %) 91

FIGURE 43 OSRAM GMBH: KEY DEVELOPMENTS, 2015-2017 (%) 92

FIGURE 44 SWOT ANALYSIS 92

FIGURE 45 VALEO S.A.: TOTAL REVENUE VS SEGMENTAL REVENUE (VISIBILITY SYSTEMS), (2014-2016) 93

FIGURE 46 VALEO S.A.: GEOGRAPHIC REVENUE MIX, 2016 (%) 94

FIGURE 47 AUTOLITE (INDIA) LTD: TOTAL REVENUE 96

FIGURE 48 J.W. SPEAKER: KEY DEVELOPMENTS, 2015-2017 (%) 100