India Automotive Lighting Market by Technology (Halogen, Xenon, LED), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheelers, Three-Wheelers, Tractors), Sales Channel (OEM, Aftermarket Product) - Opportunity Analysis and Industry Forecast, 2014 - 2022
- ALL656670
- 100 Pages
- August 2016
- Automotive and Transportation
The Indian automotive lighting market is expected to reach $3.1 billion by 2022 with a CAGR of 5.6% during the market forecast period of 2016 to 2022. The vehicles consist of different lights to increase the visibility in darkness and bad weather conditions along with the increase in conspicuity. The lighting system comprises lighting and signaling devices which are placed at different locations such as front, rear, side and interiors. Lighting systems provide illumination for the driver and helps other vehicle drivers and pedestrians on the road to detect the vehicle’s position, direction of movement and size. This system also enhances the aesthetic looks to both interior and exterior parts of the vehicle. The demand drivers’ Indian automotive lighting markets are significant growth on increased automotive sales and economic growth. The Indian automotive lighting market is driven by increasing population and concerns about vehicle safety triggered by government regulations. Rising number of road accidents during bad weather conditions and night is the primary concern among customers. This has raised the demand for reliable and brightened automotive lights. The growing emphasis over enhanced road safety through high performance automotive lights has created significant demand to develop advanced lights providing better illumination in darkness. The Indian government has formulated various regulations regarding installation of lighting equipment in passenger vehicles. The regulations regarding energy-efficient vehicles support the installation of LED lights in vehicles. Therefore, government regulations are anticipated to fuel the market growth of the automotive lighting market. Automobile sales have experienced a notable market growth in India. This market trend is expected to continue during the market forecast period. The automotive lighting industry depends heavily on the state of automotive industry for its growth and is anticipated to achieve significant benefit from ongoing rise of vehicle sales. Technological advancements will be observed in the commercial automotive lighting throughout the market forecast period. Various types of lights such as incandescent lamps, halogen lamps and xenon lamps are introduced due to technological innovations and developments. LED lamps are dominating the Indian automotive lighting market. Low purchasing and replacement cost along with easy availability of halogen lights supplement the adoption of halogen lights in automotive lighting. Various factors such as the enhanced aesthetics and longevity of halogen lamps are the major demand drivers of the halogen lamps market. In India the major market players offer halogen automotive lights.
The Indian automotive lighting market is segmented based on technology, vehicle type, sales channel and application. The Indian automotive lighting market by technology is bifurcated into halogen, xenon and LED. The Indian automotive lighting market by vehicle type is classified into passenger vehicle, commercial vehicle, two-wheelers, three-wheelers and tractors. The Indian automotive lighting market by sales channel is divided into OEM and aftermarket. The Indian automotive lighting market by application is categorized into front lighting, rear lighting, side lighting, interior lighting and fog lamps. The key market players of the Indian automotive lighting market are Koninklijke Philips N.V, Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, GE Lighting, Magneti Marelli S.p.A., Koito Manufacturing Co. Ltd, Hella KGaA Hueck & Co, Valeo, and Neolite ZKW Lightings Pvt. Ltd.
Key Benefits:
- The study provides an in-depth analysis of the India automotive lighting market, with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides information regarding key drivers, restraints, and opportunities with an impact analysis.
- Porter’s five forces and SWOT analysis of key market players highlight the growth strategies adopted by them.
- The value chain analysis signifies the key intermediaries involved and elaborates their roles and value additions at every stage.
- The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the market potential.
India Automotive Lighting Market Segments
By Technology
- Halogen
- Xenon
- LED
- By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Two-Wheelers
- Three-Wheelers
- Tractors
- By Sales Channel Type
- Original Equipment Manufacturer (OEM) Product
- Aftermarket Product
- By Application
- Front Lighting
- Rear Lighting
- Side Lighting
- Interior Lighting
- Fog Lamps
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.3 Porters Five forces analysis
3.3.1 Bulk requirement as well as awareness of products among buyers lead to moderate bargaining power of suppliers
3.3.2 High prospects of backward integration leads to high bargaining power of buyers
3.3.3 Low threat of substitutes
3.3.4 Increase in automotive production and easy access to distribution channels increase the threat from new entrants
3.3.5 Large number of players in the market intensifies competitive rivalry
3.4 Value chain analysis
3.5 Market dynamics
3.5.1 Drivers
3.5.1.1 Growing emphasis towards road safety
3.5.1.2 Government regulations
3.5.2 Restraints
3.5.2.1 High Cost of LED lights
3.5.3 Opportunities
3.5.3.1 Growing automobile production
CHAPTER 4 INDIA AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY
4.1 Introduction
4.1.1 Market size and forecast
4.2 Halogen
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.3 Xenon
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
4.4 LED
4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast
CHAPTER 5 INDIA AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE
5.1 Introduction
5.1.1 Market size and forecast
5.2 Passenger vehicles
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.3 Commercial vehicles
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.4 Two wheeler vehicles
5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
5.5 Three wheeler vehicles
5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast
5.6 Tractors
5.6.1 Key market trends
5.6.2 Key growth factors and opportunities
5.6.3 Market size and forecast
CHAPTER 6 INDIA AUTOMOTIVE LIGHTING MARKET BY APPLICATION
6.1 Introduction
6.1.1 Market size and forecast
6.2 Front/Headlamps
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.3 Rear lighting
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.4 Sidelights
6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.5 Interior lighting
6.5.1 Key market trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast
6.6 Fog Lamps
6.6.1 Key market trends
6.6.2 Key growth factors and opportunities
6.6.3 Market size and forecast
CHAPTER 7 INDIA AUTOMOTIVE LIGHTING MARKET BY SALES CHANNEL TYPE
7.1 Introduction
7.1.1 Market size and forecast
7.2 Original Equipment Manufacture products (OEM Product)
7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast
7.3 Aftermarket products
7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1 Magneti Marelli S.p.A.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Business performance
8.1.4 Strategic moves and developments
8.1.5 Magneti Marelli S.p.A.: SWOT analysis
8.2 Osram Licht AG
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Business performance
8.2.4 Strategic moves and developments
8.2.5 Osram Licht AG: SWOT analysis
8.3 GE Lighting
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Strategic moves and developments
8.3.5 GE Lighting: SWOT analysis
8.4 Koito Manufacturing Co. Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Business performance
8.4.4 Strategic moves and developments
8.4.5 Koito Manufacturing Co. Ltd.: SWOT analysis
8.5 Hella KGaA Hueck & Co.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Business performance
8.5.4 Strategic moves and developments
8.5.5 Hella KGaA Hueck & Co.: SWOT analysis
8.6 Valeo
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Business performance
8.6.4 Strategic moves and developments
8.6.5 Valeo: SWOT analysis
8.7 Koninklijke Philips N.V.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Business performance
8.7.4 Strategic moves and developments
8.7.5 Koninklijke Philips N.V.: SWOT analysis
8.8 Phoenix Lamps Limited
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Business performance
8.8.4 PHOENIX LAMPS LIMITED :SWOT analysis
8.9 Lumax Industries Limited
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Business performance
8.9.4 Strategic moves and developments
8.9.5 Phoenix Lamps Limited: SWOT analysis
8.10 Neolite ZKW Lightings Pvt. Ltd.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Neolite ZKW Lightings Pvt. Ltd.: SWOT analysis
List of Figures
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES
FIG. 3 PORTERS FIVE FORCES ANALYSIS
FIG. 4 VALUE CHAIN ANALYSIS OF AUTOMOTIVE LIGHTING MARKET
FIG. 5 MAJOR CAUSES OF ROAD ACCIDENTS IN INDIA, 2014
FIG. 6 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY, 2014 AND 2022 (%)
FIG. 7 INDIA HALOGEN AUTOMOTIVE LIGHTING TECHNOLOGY MARKET REVENUE, 20142022 ($MILLION)
FIG. 8 INDIA XENON AUTOMOTIVE LIGHTING TECHNOLOGY MARKET REVENUE, 20142022 ($MILLION)
FIG. 9 INDIA LED AUTOMOTIVE LIGHTING TECHNOLOGY MARKET REVENUE, 20142022 ($MILLION)
FIG. 10 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE, 2014 AND 2022 (%)
FIG. 11 INDIA PASSENGER VEHICLES LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 12 INDIA COMMERCIAL VEHICLES LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 13 INDIA TWO WHEELER VEHICLES LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 14 INDIA THREE WHEELER VEHICLES LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 15 INDIA TRACTOR LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 16 TYPES OF LIGHTS USED IN VEHICLES
FIG. 17 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET BY APPLICATION, 2014 AND 2022 (%)
FIG. 18 DIFFERENCE BETWEEN LOW BEAM AND HIGH BEAM ILLUMINATION
FIG. 19 INDIA AUTOMOTIVE FRONT/HEADLAMPS LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 20 INDIA AUTOMOTIVE REAR LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 21 INDIA AUTOMOTIVE SIDE LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 22 INDIA AUTOMOTIVE INTERIOR LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 23 INDIA AUTOMOTIVE FOG LAMP MARKET REVENUE, 20142022 ($MILLION)
FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET, BY SALES CHANNEL TYPE, 2014 AND 2022 (%)
FIG. 25 INDIA AUTOMOTIVE OEM LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 26 INDIA AUTOMOTIVE AFTERMARKET LIGHTING MARKET REVENUE, 20142022 ($MILLION)
FIG. 27 MAGNETI MARELLI S.P.A.: REVENUE 20132015 ($MILLION)
FIG. 28 SWOT ANALYSIS: MAGNETI MARELLI S.P.A.
FIG. 29 OSRAM LICHT AG: REVENUE, 20132015 ($MILLION)
FIG. 30 OSRAM LICHT AG: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 31 OSRAM LICHT AG: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 32 OSRAM LICHT AG: SWOT ANALYSIS
FIG. 33 GE COMPANY: REVENUE 20132015 ($MILLION)
FIG. 34 GE COMPANY: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 35 GE COMPANY: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 36 GE LIGHTING: SWOT ANALYSIS
FIG. 37 KOITO MANUFACTURING CO. LTD.: REVENUE, 20132015 ($MILLION)
FIG. 38 KOITO MANUFACTURING CO. LTD.: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 39 KOITO MANUFACTURING CO. LTD.: SWOT ANALYSIS
FIG. 40 HELLA KGAA HUECK & CO.: REVENUE, 20132015 ($MILLION)
FIG. 41 HELLA KGAA HUECK & CO.: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 42 HELLA KGAA HUECK & CO.: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 43 HELLA KGAA HUECK & CO.: SWOT ANALYSIS
FIG. 44 VALEO: REVENUE, 20132015 ($MILLION)
FIG. 45 VALEO: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 46 VALEO: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 47 VALEO: SWOT ANALYSIS
FIG. 48 PHILIPS GROUP: REVENUE, 20132015 ($MILLION)
FIG. 49 PHILIPS GROUP: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 50 PHILIPS GROUP: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 51 KONINKLIJKE PHILIPS N.V.: SWOT ANALYSIS
FIG. 52 PHOENIX LAMPS LIMITED: NET SALES, 20132015($MILLION)
FIG. 53 PHOENIX LAMPS LIMITED: NET SALES, BY BUSINESS SEGMENT (%), 2015
FIG. 54 PHOENIX LAMPS LIMITED: NET SALES, BY GEOGRAPHY (%), 2015
FIG. 55 PHOENIX LAMPS LIMITED: SWOT ANALYSIS
FIG. 56 LUMAX INDUSTRIES LIMITED: REVENUE, 20132015 ($MILLION)
FIG. 57 LUMAX INDUSTRIES LIMITED: REVENUE, BY BUSINESS SEGMENT (%), 2015
FIG. 58 LUMAX INDUSTRIES LIMITED: REVENUE, BY GEOGRAPHY (%), 2015
FIG. 59 LUMAX INDUSTRIES LIMITED: SWOT ANALYSIS
FIG. 60 NEOLITE ZKW LIGHTINGS PVT. LTD.: SWOT ANALYSIS
List of Tables
TABLE 1 INDIA AUTOMOTIVE LIGHTING MARKET REVENUE, BY TECHNOLOGY, 20142022 ($MILLION)
TABLE 2 DOMESTIC AUTOMOBILES: SALES TRENDS
TABLE 3 COMPARISON OF AUTOMOTIVE LIGHTING TECHNOLOGIES
TABLE 4 INDIA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 20142022 ($MILLION)
TABLE 5 INDIA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 20142022 ($MILLION)
TABLE 6 INDIA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 20142020 ($MILLION)
TABLE 7 INDIA AUTOMOTIVE LIGHTING MARKET REVENUE, BY SALES CHANNEL, 20142022 ($MILLION)
TABLE 8 MAGNETI MARELLI S.P.A.: SNAPSHOT
TABLE 9 OSRAM LICHT AG: SNAPSHOT
TABLE 10 GE LIGHTING: SNAPSHOT
TABLE 11 KOITO MANUFACTURING CO. LTD: SNAPSHOT
TABLE 12 HELLA KGAA HUECK & CO.: SNAPSHOT
TABLE 13 VALEO: SNAPSHOT
TABLE 14 KONINKLIJKE PHILIPS N.V.: SNAPSHOT
TABLE 15 PHOENIX LAMPS LIMITED: SNAPSHOT
TABLE 16 LUMAX INDUSTRIES LIMITED: SNAPSHOT
TABLE 17 NEOLITE ZKW LIGHTINGS PVT. LTD.: SNAPSHOT
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