The automotive halogen bulbs market size is expected to see steady growth in the next few years. It will grow to $14.14 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period can be attributed to factors such as the conversion to LED and HID lighting, the ongoing trend of vehicle electrification, a focus on sustainability and energy efficiency, regulatory changes, and the increasing adoption of Advanced Driver Assistance Systems (ADAS). Furthermore, several noteworthy trends are expected to shape the market, including the emergence of adaptive headlights, connected lighting systems, enhancements in halogen bulbs, custom lighting solutions, and an emphasis on lighting design and aesthetics.
The automotive halogen bulbs market is anticipated to witness increased demand due to the cost advantages of halogen bulbs compared to other headlight types. These bulbs are commonly used in projector headlights and offer cost-effective replacement options, as well as lower energy consumption when compared to incandescent bulbs. Moreover, their decent lifespan, typically around 1000 hours under normal conditions, along with government regulations promoting more efficient bulbs, are expected to drive growth in the automotive halogen bulbs market.
The primary product variants within the automotive halogen bulbs market include halogen short-arc lights, halogen long-arc lights, and halogen flashlights. Halogen long-arc lights produce illumination by maintaining an electric arc between two conductors, generating light from both the heated conductor ends (typically carbon rods) and the arc itself. Arc lamps are typically employed in high-intensity applications, such as searchlights, large-scale film projectors, and floodlights. Automotive halogen bulbs are utilized in both passenger and commercial vehicles, catering to original equipment manufacturer (OEM) requirements as well as aftermarket needs.
The automotive halogen bulbs market research report is one of a series of new reports that provides automotive halogen bulbs market statistics, including automotive halogen bulbs industry global market size, regional shares, competitors with an automotive halogen bulbs market share, detailed automotive halogen bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the automotive halogen bulbs industry. This automotive halogen bulbs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive halogen bulbs market is expected to witness growth due to the increasing number of road accidents. Road accidents involve various incidents on roadways, including collisions, obstructions, and mishaps involving vehicles, pedestrians, animals, or objects. After road accidents, many vehicles often require repairs and replacement of damaged components, including headlights. Automotive halogen bulbs are commonly used in vehicle headlights, and these accidents can lead to a higher demand for replacement bulbs. For example, a report published by the US-based National Highway Traffic Safety Administration in January 2023 revealed that in the first nine months of 2022, 31,785 people lost their lives in car accidents. The estimates showed an increase in fatalities in 25 states during the first three quarters of 2022. Deaths rose by 12% on rural interstates, 10% in collisions involving at least one large vehicle, and 8% among bikers and other categories, compared to the first half of 2021. Therefore, the growing number of road accidents is a driving force behind the growth of the automotive halogen bulbs market.
The increasing popularity of LED and laser headlights in vehicles, particularly cars and bikes, is posing a challenge to the automotive halogen bulbs market. LED and laser headlights are known for their compact size and high light emission capabilities compared to halogen headlights. Moreover, they have an extended lifespan of over 20,000 hours, significantly outperforming halogen bulbs in terms of durability. For example, companies like Osram have provided laser headlamps for vehicles such as the BMW i8 and Audi R8 LMX, showcasing the preference for advanced lighting technologies over traditional halogen bulbs.
To meet the rising demand in the automotive sector, manufacturers are increasingly introducing dual-beam halogen bulbs. These products incorporate dual metal filaments that generate a high-energy dual-beam pattern, encompassing both high beam and low beam functions. The resulting beams emit high-intensity light. Dual filament halogen bulbs come in various types, including H4, H7, and H13. As an example, Phoenix Lamps, an India-based lighting manufacturer, produces and supplies dual filament halogen lamps, specifically H4 and HS1 lamps, which are utilized in four-wheelers and commercial vehicles. These lamps are provided to automotive companies such as Piaggio, Mahindra, BMW, and Volkswagen. This addresses the growing demand for dual-beam halogen bulbs in the automotive industry.
Prominent companies in the automotive halogen bulbs market are actively developing new products like halogen headlamp bulbs to cater to larger customer bases, increase sales, and boost their revenue. Halogen headlamp bulbs are specialized electric light bulbs designed for use in vehicle headlights. For example, in December 2022, Robert Bosch GmbH, a German engineering company, introduced the Plus 200 Gigalight halogen bulb. This product stands out for its ability to emit up to 200 percent more light compared to conventional halogen bulbs. The Plus 200 Gigalight's light beam can extend up to 150 meters without causing glare to oncoming drivers. Furthermore, it produces a significantly whiter light output, resulting in a remarkably sharp contrast. This enhanced illumination allows drivers on rural roads to detect traffic signs, obstacles, and potential hazards, including animals crossing the road, much earlier. Moreover, vehicles equipped with such powerful halogen lights are more conspicuous to pedestrians, cyclists, and other motorists. These product innovations align with companies' strategies to meet the demands of a broader customer base, increase their sales, and enhance overall revenue in the automotive halogen bulbs market.
In April 2022, Suprajit Engineering, an Indian company specializing in mechanical cable and halogen bulb manufacturing, completed a strategic acquisition of Kongsberg Automotive ASA for a total transaction value of $42 million. The primary objective of this acquisition by Suprajit Engineering is to obtain actuation technology expertise and venture into the production of Electro-Magnetic Actuators (EMA). Kongsberg Automotive ASA, headquartered in Norway, is a well-established manufacturer of automotive components.
Major companies operating in the automotive halogen bulbs market include GE Lighting, Philips Lighting, Osram Group, HELLA, Magneti Marelli, Toshiba, Eaton(Cooper), Panasonic, KOITO MANUFACTURING, Valeo, Varroc Group, Koninklijke Philips N.V, Autolite (India) Limited, ZKW, PIAA, Hyundai Mobis, CEC Industries, Sylvania, M-Tech, Cardinal Carryor, Felling Trailers Inc., North American Signal Co., Orr & Orr Inc., MSC Industrial Supply Co., Nationwide Industrial Supply, Thin-Lite, WhiteLight, Marinco, NAOEVO, PowerBulbs
Asia-Pacific was the largest region in the automotive halogen bulbs market in 2023. North America was the second-largest region in the automotive halogen bulbs market. The regions covered in the automotive halogen bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive halogen bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The automotive halogen bulbs market consists of sales of automotive halogen short-arc lights, automotive halogen long-arc lights, automotive halogen flashlights, and other automotive halogen bulbs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
Executive Summary
Automotive Halogen Bulbs Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive halogen bulbs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for automotive halogen bulbs? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Product: Halogen Short-Arc Lights; Halogen Long-Arc Lights; Halogen Flash Lights; 2) By Vehicle Type: Passenger Vehicle; Commercial Vehicle; 3) By Application: OEMs; Aftermarket
- Companies Mentioned: GE Lighting; Philips Lighting; Osram Group; HELLA; Magneti Marelli
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- GE Lighting
- Philips Lighting
- Osram Group
- HELLA
- Magneti Marelli
- Toshiba
- Eaton(Cooper)
- Panasonic
- KOITO MANUFACTURING
- Valeo
- Varroc Group
- Koninklijke Philips N.V
- Autolite (India) Limited
- ZKW
- PIAA
- Hyundai Mobis
- CEC Industries
- Sylvania
- M-Tech
- Cardinal Carryor
- Felling Trailers Inc.
- North American Signal Co.
- Orr & Orr Inc.
- MSC Industrial Supply Co.
- Nationwide Industrial Supply
- Thin-Lite
- WhiteLight
- Marinco
- NAOEVO
- PowerBulbs
Methodology
LOADING...