Asia-Pacific Automobile Lighting Market Report

The Asia-Pacific region has been the ideal destination for all the major automobile manufacturers due to growing population, developed as well as developing economies, improved infrastructure & increased construction activities, increased purchasing power, changed buyer’s preference, and governmental initiatives to promote industrial growth. To add to it, the availability of cheap labour and lower currency exchange rates reduce the overall vehicle production cost. Due to all the above factors, most of the major automobile manufacturers have shifted their manufacturing units to these emerging countries like China and India. Due to this changing trend, the maximum share of the automobile market comes for countries like China, India, and Japan. These countries together are driving the global automotive market in not only the production, but also in sales.

Hence, with the shift of automobile manufacturing plants, the demand of automotive lightings has increased in this region. The companies involved in the manufacturing of lightings have started focusing on these markets, making the Asia-Pacific region as the largest destination for automotive lightings. However, setting up new plants, implementing technologies, creating a value-supply chain between raw material providers and manufacturing industries in the developing regions of Asia-Pacific is the challenge for the automotive lighting companies. Environmental laws and regulations are not clear and strict as compared to developed countries. Thus, posing a challenge for government and national/international agencies to amend and put into practice environment laws in these countries.

The Asia-Pacific automotive lightings market was valued at $9.20 billion in 2013, and expected to grow at 7.5% annually. It is projected to reach $13.23 billion by the end of 2018.

It is segmented on the basis of applications and geography.

 Key question answered

• What are the market estimates and forecasts for the Asia-Pacific automotive lightings?
• What are the trends based on the key countries of the region?
• Identification of market dynamics and impact of the same on Asia-Pacific automotive lightings market
• Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the automotive lightings market in Asia-Pacific region

Audience for this report

• Asia-Pacific automotive lightings manufacturers
• Suppliers for automotive lightings manufacturers
• Traders, distributors, and suppliers in the  automotive lightings market
• Automobile associations
• Automotive industry as end user industry

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