30 Nov -0001
Rockville, Md. The global market for automotive tail lights is expected to move past US$ 12.238 Bn by the end of 2022, though Fact.MR frames the growth as marginal. Tail lights remain a core safety part, letting drivers signal intent and helping prevent collisions, but their narrow functional scope limits how much the category can expand. To counter that, manufacturers are folding in more advanced lighting technology and sharper styling.
Halogen still leads by source, plastic dominates the housing material, and the aftermarket is the main sales channel. Passenger cars generate the most revenue, and Asia Pacific excluding Japan leads by region, carried along by rising vehicle demand in China and India.
Halogen remains the most common light source and is set to account for over half of revenue in 2017, but the momentum belongs to LED, which posts the highest growth rate as makers chase efficiency and design flexibility. Plastic is the clear material of choice, holding more than a two-thirds revenue share thanks to its light weight, translucency and durability, with plastic tail lights heading toward US$ 9.929 Bn by 2022. Passenger cars stay the most attractive vehicle segment, on course to pass US$ 4.909 Bn, while the aftermarket dominates distribution and is set to exceed US$ 8.131 Bn by the close of the period.
Asia Pacific excluding Japan leads by revenue and is expected to offer the most rewarding opportunities as its vehicle fleet expands.
The story here is one of reinvention. With basic tail-lighting long since commoditised, growth depends on adding value through LED systems and distinctive designs that double as styling cues. Rising vehicle production in emerging markets provides the underlying demand, but it is technology that gives suppliers room to differentiate.
The field mixes global lighting names with specialist automotive lamp makers.
For suppliers, LED capability and styling-led design are the main ways to add value in a slow-growing market. Investors get a stable but low-growth category tied to vehicle production and replacement. Procurement teams can plan around plastic housings and halogen sources leading current volume, the aftermarket dominating sales, and Asia Pacific carrying the largest opportunity through 2022.
Fact.MR's study covers the global automotive tail light market for the 2017 to 2022 forecast period, with segmentation by source, material, vehicle type, sales channel and region. It sizes each segment, maps the competitive field, and weighs the technology and demand forces shaping the market. Further detail is available in the automotive tail light market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Automotive Tail Light Market
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.