Europe Automobile Lighting Market Report

Europe is a large region and accommodates more than 20 countries in its span. The biggest name in the European region in automotive references is Germany. Home to the biggest names in the field of automotive, Germany has been the major driving force behind Europe’s automobile manufacturing industry. The other countries like France have shown small but consistent growth. The British market was the only car market in the region which was resilient enough to the economic slowdown that it didn’t record a negative growth. European car-makers have always been amongst the leaders in automotive technologies and automotive lightings are no exception. The European economy saw a downturn at the end of last decade but the automotive industry in the region has shown resilience and has not been impacted to such extents that it can’t recover. The recovery process for the industry has started and it is expected to reach pre-meltdown figures in the next five year’s period and will bounce back from the recession period by the year 2014-2015 as forecasted by the European Union.

Strict lighting and safety regulations pose a challenge for the manufacturers to provide advanced technologies at an affordable price. To meet the strict lighting & safety regulations, there is a shift from the conventional lighting to LED, adaptive front lighting system (AFS), and daytime running lights (DRL). However, due to mandatory rule in the European region for the use of advanced technologies such as DRLs, the companies have started providing these in almost all their vehicle models. As these advanced technologies help in minimizing accidents, its demand would be higher in Europe as compared to other regions in the coming five years.

The European automotive lightings market was valued at $5.88 billion in 2013, to grow at 5.5% annually. It is projected to reach $7.69 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 European automotive lightings?
• What are the trends based on the key countries of the region?
• Identification of market dynamics and impact of the same on European automotive lightings market
• Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the automotive lightings market in European region

Audience for this report

• European 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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