Daytime Running Lamp Market is Projected to Clock a CAGR of 2.1% During 2022-2028

Daytime Running Lamp is an automotive lighting device, usually mounted in pairs on the front of a motor vehicle and constantly switched on while driving, to make the vehicle more easily recognized in the daytime. The effect is not to make the driver to see the road, but to let people know there is a car coming, so this lamp is not lighting, but a semaphore.

Europe is the largest Daytime Running Lamp market with about 71% market share. China is follower, accounting for about 10% market share.

The key players are Hella, Philips, Valeo, Magneti Marelli, Osram, General Electric, Koito Manufacturing, Hyundai Mobis, ZKW Group, Ring Automotive, Bosma Group Europe, PIAA, Lumen, Fuch, JYJ, Canjing, Oulondun, YCL, Wincar Technology, Ditaier Auto Parts, YEATS, JXD, etc. Top 3 companies occupied about 49% market share.

The global Daytime Running Lamp market was valued at US$ 1415.7 million in 2020 and it is expected to reach US$ 1637.4 million by the end of 2027, growing at a CAGR of 2.1% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Halogen Lamp
  • LED Lamp
  • Others

Segment by Application

  • Automobile Manufacture Industry
  • Automobile Aftermarket Industry

By Company

  • Hella
  • Philips
  • Valeo
  • Magneti Marelli
  • Osram
  • General Electric
  • Koito Manufacturing
  • Hyundai Mobis
  • ZKW Group
  • Ring Automotive
  • Bosma Group Europe
  • PIAA
  • Lumen
  • Fuch
  • JYJ
  • Canjing
  • Oulondun
  • YCL
  • Wincar Technology
  • Ditaier Auto Parts
  • YEATS
  • JXD

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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