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Headlight Market Size, Share & Trends Analysis Report By Sales Channel, By Vehicle Propulsion (ICE Vehicle and Electric Vehicle), By Vehicle Type, By Technology (LED, Halogen, and Xenon), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 367 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953631
The Global Headlight Market size is expected to reach $10.5 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period.

The increasing demand for headlights in Asia Pacific can be attributed to many factors, including stringent safety regulations, focus on energy efficiency, growing demand for EVs, consumer preferences, aftermarket demand, technological advancements, and regulatory environment. Therefore, the Asia Pacific segment captured $2,808.4 million revenue in the market in 2022. These factors drive the need for more efficient, reliable, and innovative solutions in the regional automotive sector.



Automakers constantly strive to differentiate their vehicles by offering unique features and designs, including advanced lighting systems. Consumers are often drawn to vehicles with striking and innovative lighting designs, driving demand for these features. The focus is also on integrating lighting into other vehicle components, such as the grille or body panels, to create a seamless and cohesive design. Hence, such developments will augment the expansion of the market in the coming years.

Additionally, the automotive sector is experiencing significant growth globally, driven by several factors. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total number of registrations or sales of new passenger cars was 57,485,378 in Q1-Q4 2022. The highest contributor to this number was Asia/Oceania/Middle East with 37,504,121 followed by Europe with 12,640,455. The same source stated that the total registrations or sales of new commercial vehicles were 24,143,155 in Q1-Q4 2022.

However, limited consumer awareness can hinder the adoption of newer, more advanced technologies, such as LED and HID headlights. Many consumers may be unaware of these technologies' benefits, such as improved visibility, energy efficiency, and longer lifespan. As a result, they may opt for traditional halogen lights simply because they are more familiar with them, leading to slower market growth for LED and HID headlights.

By Vehicle Type Analysis

On the basis of vehicle type, the market is classified into passenger cars and commercial vehicles. The commercial vehicles segment recorded a 42.38% revenue share in the market in 2022. Economic growth is a major demand driver for commercial vehicles as businesses expand operations and require more vehicles to transport goods and materials. Strong economic growth can increase demand for commercial vehicles and related components, including headlights.

By Technology Analysis

Based on technology, the market is characterized into xenon, LED, and halogen. The LED segment garnered the 47.23% revenue share in the market in 2022. With a lifespan of 20,000 to 50,000 hours, LED headlights are extremely durable. Consumers can save money on maintenance and replacement expenses throughout the vehicle's lifetime due to this durability. This reduces the requirement for frequent replacement.



By Sales Channel Analysis

Based on sales channel, the market is segmented into OEM and aftermarket. The aftermarket segment acquired a 12.68% revenue share in the market in 2022. Many consumers customize or upgrade their vehicles with aftermarket parts, including headlights. Aftermarket headlights can offer unique designs, improved performance, and advanced features that may not be available from OEMs, driving sales in this segment.

By Vehicle Propulsion Analysis

By vehicle propulsion, the market is divided into ICE vehicle and electric vehicle. The ICE vehicle segment witnessed the 86.53% revenue share in the market in 2022. The availability of infrastructure, such as gas stations and repair facilities, to support ICE vehicles can impact their demand. Consumers may prefer ICE vehicles due to their convenience in regions with infrastructure for EVs.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded a 22.96% revenue share in the market in 2022. North American consumers are increasingly preferring SUVs and trucks, which typically require larger and more powerful headlights. This trend has led to an increase in demand for headlights for these types of vehicles.

List of Key Companies Profiled

  • Hyundai Mobis Co., Ltd. (Hyundai Motor)
  • Valeo SA
  • Continental AG
  • KOITO MANUFACTURING CO., LTD
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Stanley Electric Co. Ltd.
  • ams-OSRAM AG
  • Koninklijke Philips N.V.
  • De Amertek Corporation

Market Report Segmentation

By Sales Channel
  • OEM
  • Aftermarket
By Vehicle Propulsion
  • ICE Vehicle
  • Electric Vehicle
By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
By Technology
  • LED
  • Halogen
  • Xenon
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Headlight Market, by Sales Channel
1.4.2 Global Headlight Market, by Vehicle Propulsion
1.4.3 Global Headlight Market, by Vehicle Type
1.4.4 Global Headlight Market, by Technology
1.4.5 Global Headlight Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Headlight Market by Sales Channel
4.1 Global OEM Market by Region
4.2 Global Aftermarket Market by Region
Chapter 5. Global Headlight Market by Vehicle Propulsion
5.1 Global ICE Vehicle Market by Region
5.2 Global Electric Vehicle Market by Region
Chapter 6. Global Headlight Market by Vehicle Type
6.1 Global Passenger Cars Market by Region
6.2 Global Commercial Vehicles Market by Region
Chapter 7. Global Headlight Market by Technology
7.1 Global LED Market by Region
7.2 Global Halogen Market by Region
7.3 Global Xenon Market by Region
Chapter 8. Global Headlight Market by Region
8.1 North America Headlight Market
8.1.1 North America Headlight Market by Sales Channel
8.1.1.1 North America OEM Market by Region
8.1.1.2 North America Aftermarket Market by Region
8.1.2 North America Headlight Market by Vehicle Propulsion
8.1.2.1 North America ICE Vehicle Market by Country
8.1.2.2 North America Electric Vehicle Market by Country
8.1.3 North America Headlight Market by Vehicle Type
8.1.3.1 North America Passenger Cars Market by Country
8.1.3.2 North America Commercial Vehicles Market by Country
8.1.4 North America Headlight Market by Technology
8.1.4.1 North America LED Market by Country
8.1.4.2 North America Halogen Market by Country
8.1.4.3 North America Xenon Market by Country
8.1.5 North America Headlight Market by Country
8.1.5.1 US Headlight Market
8.1.5.1.1 US Headlight Market by Sales Channel
8.1.5.1.2 US Headlight Market by Vehicle Propulsion
8.1.5.1.3 US Headlight Market by Vehicle Type
8.1.5.1.4 US Headlight Market by Technology
8.1.5.2 Canada Headlight Market
8.1.5.2.1 Canada Headlight Market by Sales Channel
8.1.5.2.2 Canada Headlight Market by Vehicle Propulsion
8.1.5.2.3 Canada Headlight Market by Vehicle Type
8.1.5.2.4 Canada Headlight Market by Technology
8.1.5.3 Mexico Headlight Market
8.1.5.3.1 Mexico Headlight Market by Sales Channel
8.1.5.3.2 Mexico Headlight Market by Vehicle Propulsion
8.1.5.3.3 Mexico Headlight Market by Vehicle Type
8.1.5.3.4 Mexico Headlight Market by Technology
8.1.5.4 Rest of North America Headlight Market
8.1.5.4.1 Rest of North America Headlight Market by Sales Channel
8.1.5.4.2 Rest of North America Headlight Market by Vehicle Propulsion
8.1.5.4.3 Rest of North America Headlight Market by Vehicle Type
8.1.5.4.4 Rest of North America Headlight Market by Technology
8.2 Europe Headlight Market
8.2.1 Europe Headlight Market by Sales Channel
8.2.1.1 Europe OEM Market by Country
8.2.1.2 Europe Aftermarket Market by Country
8.2.2 Europe Headlight Market by Vehicle Propulsion
8.2.2.1 Europe ICE Vehicle Market by Country
8.2.2.2 Europe Electric Vehicle Market by Country
8.2.3 Europe Headlight Market by Vehicle Type
8.2.3.1 Europe Passenger Cars Market by Country
8.2.3.2 Europe Commercial Vehicles Market by Country
8.2.4 Europe Headlight Market by Technology
8.2.4.1 Europe LED Market by Country
8.2.4.2 Europe Halogen Market by Country
8.2.4.3 Europe Xenon Market by Country
8.2.5 Europe Headlight Market by Country
8.2.5.1 Germany Headlight Market
8.2.5.1.1 Germany Headlight Market by Sales Channel
8.2.5.1.2 Germany Headlight Market by Vehicle Propulsion
8.2.5.1.3 Germany Headlight Market by Vehicle Type
8.2.5.1.4 Germany Headlight Market by Technology
8.2.5.2 UK Headlight Market
8.2.5.2.1 UK Headlight Market by Sales Channel
8.2.5.2.2 UK Headlight Market by Vehicle Propulsion
8.2.5.2.3 UK Headlight Market by Vehicle Type
8.2.5.2.4 UK Headlight Market by Technology
8.2.5.3 France Headlight Market
8.2.5.3.1 France Headlight Market by Sales Channel
8.2.5.3.2 France Headlight Market by Vehicle Propulsion
8.2.5.3.3 France Headlight Market by Vehicle Type
8.2.5.3.4 France Headlight Market by Technology
8.2.5.4 Russia Headlight Market
8.2.5.4.1 Russia Headlight Market by Sales Channel
8.2.5.4.2 Russia Headlight Market by Vehicle Propulsion
8.2.5.4.3 Russia Headlight Market by Vehicle Type
8.2.5.4.4 Russia Headlight Market by Technology
8.2.5.5 Spain Headlight Market
8.2.5.5.1 Spain Headlight Market by Sales Channel
8.2.5.5.2 Spain Headlight Market by Vehicle Propulsion
8.2.5.5.3 Spain Headlight Market by Vehicle Type
8.2.5.5.4 Spain Headlight Market by Technology
8.2.5.6 Italy Headlight Market
8.2.5.6.1 Italy Headlight Market by Sales Channel
8.2.5.6.2 Italy Headlight Market by Vehicle Propulsion
8.2.5.6.3 Italy Headlight Market by Vehicle Type
8.2.5.6.4 Italy Headlight Market by Technology
8.2.5.7 Rest of Europe Headlight Market
8.2.5.7.1 Rest of Europe Headlight Market by Sales Channel
8.2.5.7.2 Rest of Europe Headlight Market by Vehicle Propulsion
8.2.5.7.3 Rest of Europe Headlight Market by Vehicle Type
8.2.5.7.4 Rest of Europe Headlight Market by Technology
8.3 Asia Pacific Headlight Market
8.3.1 Asia Pacific Headlight Market by Sales Channel
8.3.1.1 Asia Pacific OEM Market by Country
8.3.1.2 Asia Pacific Aftermarket Market by Country
8.3.2 Asia Pacific Headlight Market by Vehicle Propulsion
8.3.2.1 Asia Pacific ICE Vehicle Market by Country
8.3.2.2 Asia Pacific Electric Vehicle Market by Country
8.3.3 Asia Pacific Headlight Market by Vehicle Type
8.3.3.1 Asia Pacific Passenger Cars Market by Country
8.3.3.2 Asia Pacific Commercial Vehicles Market by Country
8.3.4 Asia Pacific Headlight Market by Technology
8.3.4.1 Asia Pacific LED Market by Country
8.3.4.2 Asia Pacific Halogen Market by Country
8.3.4.3 Asia Pacific Xenon Market by Country
8.3.5 Asia Pacific Headlight Market by Country
8.3.5.1 China Headlight Market
8.3.5.1.1 China Headlight Market by Sales Channel
8.3.5.1.2 China Headlight Market by Vehicle Propulsion
8.3.5.1.3 China Headlight Market by Vehicle Type
8.3.5.1.4 China Headlight Market by Technology
8.3.5.2 Japan Headlight Market
8.3.5.2.1 Japan Headlight Market by Sales Channel
8.3.5.2.2 Japan Headlight Market by Vehicle Propulsion
8.3.5.2.3 Japan Headlight Market by Vehicle Type
8.3.5.2.4 Japan Headlight Market by Technology
8.3.5.3 India Headlight Market
8.3.5.3.1 India Headlight Market by Sales Channel
8.3.5.3.2 India Headlight Market by Vehicle Propulsion
8.3.5.3.3 India Headlight Market by Vehicle Type
8.3.5.3.4 India Headlight Market by Technology
8.3.5.4 South Korea Headlight Market
8.3.5.4.1 South Korea Headlight Market by Sales Channel
8.3.5.4.2 South Korea Headlight Market by Vehicle Propulsion
8.3.5.4.3 South Korea Headlight Market by Vehicle Type
8.3.5.4.4 South Korea Headlight Market by Technology
8.3.5.5 Singapore Headlight Market
8.3.5.5.1 Singapore Headlight Market by Sales Channel
8.3.5.5.2 Singapore Headlight Market by Vehicle Propulsion
8.3.5.5.3 Singapore Headlight Market by Vehicle Type
8.3.5.5.4 Singapore Headlight Market by Technology
8.3.5.6 Malaysia Headlight Market
8.3.5.6.1 Malaysia Headlight Market by Sales Channel
8.3.5.6.2 Malaysia Headlight Market by Vehicle Propulsion
8.3.5.6.3 Malaysia Headlight Market by Vehicle Type
8.3.5.6.4 Malaysia Headlight Market by Technology
8.3.5.7 Rest of Asia Pacific Headlight Market
8.3.5.7.1 Rest of Asia Pacific Headlight Market by Sales Channel
8.3.5.7.2 Rest of Asia Pacific Headlight Market by Vehicle Propulsion
8.3.5.7.3 Rest of Asia Pacific Headlight Market by Vehicle Type
8.3.5.7.4 Rest of Asia Pacific Headlight Market by Technology
8.4 LAMEA Headlight Market
8.4.1 LAMEA Headlight Market by Sales Channel
8.4.1.1 LAMEA OEM Market by Country
8.4.1.2 LAMEA Aftermarket Market by Country
8.4.2 LAMEA Headlight Market by Vehicle Propulsion
8.4.2.1 LAMEA ICE Vehicle Market by Country
8.4.2.2 LAMEA Electric Vehicle Market by Country
8.4.3 LAMEA Headlight Market by Vehicle Type
8.4.3.1 LAMEA Passenger Cars Market by Country
8.4.3.2 LAMEA Commercial Vehicles Market by Country
8.4.4 LAMEA Headlight Market by Technology
8.4.4.1 LAMEA LED Market by Country
8.4.4.2 LAMEA Halogen Market by Country
8.4.4.3 LAMEA Xenon Market by Country
8.4.5 LAMEA Headlight Market by Country
8.4.5.1 Brazil Headlight Market
8.4.5.1.1 Brazil Headlight Market by Sales Channel
8.4.5.1.2 Brazil Headlight Market by Vehicle Propulsion
8.4.5.1.3 Brazil Headlight Market by Vehicle Type
8.4.5.1.4 Brazil Headlight Market by Technology
8.4.5.2 Argentina Headlight Market
8.4.5.2.1 Argentina Headlight Market by Sales Channel
8.4.5.2.2 Argentina Headlight Market by Vehicle Propulsion
8.4.5.2.3 Argentina Headlight Market by Vehicle Type
8.4.5.2.4 Argentina Headlight Market by Technology
8.4.5.3 UAE Headlight Market
8.4.5.3.1 UAE Headlight Market by Sales Channel
8.4.5.3.2 UAE Headlight Market by Vehicle Propulsion
8.4.5.3.3 UAE Headlight Market by Vehicle Type
8.4.5.3.4 UAE Headlight Market by Technology
8.4.5.4 Saudi Arabia Headlight Market
8.4.5.4.1 Saudi Arabia Headlight Market by Sales Channel
8.4.5.4.2 Saudi Arabia Headlight Market by Vehicle Propulsion
8.4.5.4.3 Saudi Arabia Headlight Market by Vehicle Type
8.4.5.4.4 Saudi Arabia Headlight Market by Technology
8.4.5.5 South Africa Headlight Market
8.4.5.5.1 South Africa Headlight Market by Sales Channel
8.4.5.5.2 South Africa Headlight Market by Vehicle Propulsion
8.4.5.5.3 South Africa Headlight Market by Vehicle Type
8.4.5.5.4 South Africa Headlight Market by Technology
8.4.5.6 Nigeria Headlight Market
8.4.5.6.1 Nigeria Headlight Market by Sales Channel
8.4.5.6.2 Nigeria Headlight Market by Vehicle Propulsion
8.4.5.6.3 Nigeria Headlight Market by Vehicle Type
8.4.5.6.4 Nigeria Headlight Market by Technology
8.4.5.7 Rest of LAMEA Headlight Market
8.4.5.7.1 Rest of LAMEA Headlight Market by Sales Channel
8.4.5.7.2 Rest of LAMEA Headlight Market by Vehicle Propulsion
8.4.5.7.3 Rest of LAMEA Headlight Market by Vehicle Type
8.4.5.7.4 Rest of LAMEA Headlight Market by Technology
Chapter 9. Company Profiles
9.1 Hyundai Mobis Co., Ltd. (Hyundai Motor)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Valeo SA
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Continental AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 KOITO MANUFACTURING CO., LTD
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.5 SWOT Analysis
9.5 Robert Bosch GmbH
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 HELLA GmbH & Co. KGaA
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Stanley Electric Co. Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Product Launches and Product Expansions:
9.7.5 SWOT Analysis
9.8 ams-OSRAM AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Koninklijke Philips N.V.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. De Amertek Corporation
9.10.1 Company Overview
9.10.2 SWOT Analysis
Chapter 10. Winning Imperatives of Headlight Market

Companies Mentioned

  • Hyundai Mobis Co., Ltd. (Hyundai Motor)
  • Valeo SA
  • Continental AG
  • KOITO MANUFACTURING CO., LTD
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Stanley Electric Co. Ltd.
  • ams-OSRAM AG
  • Koninklijke Philips N.V.
  • De Amertek Corporation

Methodology

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