Global Automotive Fog Light Market Precise Analysis and Forecast Assumptions till 2022
From the end market standpoint, the automotive fog light market has been segmented as OEM and Aftermarket. The aftermarket segment looks promising with sales flourishing at the highest CAGR through 2022.
[UKPRwire, Thu Nov 01 2018] The report on automotive fog light market, compiled by Fact.MR, delivers a rigorous assessment of the industry by analyzing qualifying technologies, key trends, drivers, standardization & regulatory landscape, and deployment models of automotive fog light market. The automotive fog light market report also presents anticipations of growth of automotive fog light market for the forecast period of 2017-2022. The report on automotive fog light market also consist of a SWOT analysis with an investment practicableness analysis of automotive fog light market. The prime opportunities in the rapidly growing automotive fog light market have been exclusively coated throughout this report.
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The global automotive fog lights market has witness a potential upturn over the last few years and is likely to carry the prominence over the time. This can be attributed to the stellar progress of its parent market i.e. global automotive market. As the automakers persist to penetrate growing and emerging markets, the demand for automotive fog lights will also escalate. People are getting highly aware of the benefits offered by adaptive fog light solutions and are raising substantial requirements from the automotive fog light market. To enhance the lifespan of fog lights and upgrade their efficacy, deliberate attempts are being made by the industry participants of automotive fog light market. As per the report published by Fact.MR, automotive fog light market has raised a valuation of US$ 2,130.2 Mn in 2017 and is further expected to value around US$ 2,699.2 Mn by 2022 end.
Several government regulations and policies are restricting the use of automotive fog lights, thereby adversely affecting growth of automotive fog light market. Moreover, affordability of automotive fog lights could also impede the revenue growth of automotive fog light market. Lack of cognizance about safety implications, low usage of automotive fog lights in necessary situations, both in developing and undeveloped regions, could hamper the growth of automotive fog light market.
From the end market standpoint, the automotive fog light market has been segmented as OEM and Aftermarket. The aftermarket segment looks promising with sales flourishing at the highest CAGR through 2022. On the basis of positioning, front fog lights will continue to be the most sought-after in the automotive fog light market.
Product Innovations in Automotive Fog Light Market Go Beyond the Idea of Safety
Besides the idea of safety and security, manufacturers operating in automotive fog light market are also concentrating to make their products handy than ever before with easy access. For instance- Philips X-tremeVision LED fog lights have been designed as an easy plug-and-play upgrade of the conventional fog lights, which is a great approach of enhancing stronghold in automotive fog light market. Popular late-model vehicles from Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep, and Lincoln have been adopting products like this for adding to the aesthetics of their offerings, thereby diversifying growth of automotive fog light market.
Of late, a technology called ‘SafeBeam’ is rapidly refurbishing the products of automotive fog light market. It helps to make sure that the light emitted is directed on to the roads and not into eyes of the oncoming drivers, which is an imperative to avoid fatal accidents. Moreover, major players operating in automotive fog light market such as OSRAM are manufacturing lights that offer excellent resistant to shocks and vibrations with a long-lasting lifeline. Such product fortifications are believed to be extremely beneficial in the long run for automotive fog light market.
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Drivers to Seek for an Explicit View of Roads, Makes White Fog Lights Highly Remunerative in Automotive Fog Light Market
White fog lights are foreseen to be the most sought-after in automotive fog light market for the stakeholders to focus on. The demand for white fog sales in the automotive fog light market tends to witness a drastic upturn and is poised to register the highest CAGR through 2022 in automotive fog light market. This demand of white fog lights in automotive fog light market can be credited to curtailment in glares produced by white fog lights, which facilitates the drivers to have a crystal clear view of the roads.
Trailing white fog lights, the blue fog lights will flourish as the second most attractive color emission type in the automotive fog light market. Revenues amassed from blue fog lights are poised to account for a major chunk of automotive fog light market share.
General Electric Company, Valeo SA, OSRAM Light AG, HELLA KGaA Hueck & Co., Koninklijke Philips N.V., Magneti Marelli S.p.A., Warn Industries, Inc., Robert Bosch GmbH, Phoenix Lamps Limited, and Flex-N-Gate Corporation are some of the key companies in automotive fog light market. Companies operating in the automotive fog light market, such as Philips and OSRAM, are vying to introduce new add-ons in their existing offerings such as integrated lenses for fog-light distribution, LED fog lights with plug-and-play features, and so on. These product developments add great value to the existing offerings of automotive fog light market, thereby invigorating growth of automotive fog light market.
Table of Content:
Chapter 1. Global Automotive Fog Light Market - Executive Summary. 28
Chapter 2. Global Automotive Fog Light Market Overview. 30
2.1. Introduction. 30
2.1.1. Global Automotive Fog Light Market Taxonomy. 30
2.1.2. Global Automotive Fog Light Market Definition. 30
2.2. Global Automotive Fog Light Market Size (US$ Mn) and Forecast, 2012-2022. 31
2.2.1. Global Automotive Fog Light Market Y-o-Y Growth. 31
2.3. Global Automotive Fog Light Market: Macroeconomic Factors. 31
2.3.1. Economic Outlook. 31
2.3.2. International Policy. 32
2.3.3. Profitability of Enterprises. 32
2.3.4. Increasing Purchasing Power of Middle Class. 32
2.3.5. Complex Eco System. 32
2.3.6. Supply chain Issues. 33
2.3.7. End-user Sentiment. 33
2.4. Global Automotive Filter Market impact factors. 33
2.4.1. Autonomous Vehicles. 33
2.4.2. The Influence of China. 33
2.4.3. Dilemma on Shift to New Technologies. 34
2.4.4. Disruption in Traditional Business Models. 34
2.4.5. Rising Component Costs in Developing Countries. 34
2.4.6. Fluctuating Input costs. 34
2.4.7. Shrinking Product Development Time. 35
2.4.8. Adoption of New Mobility Solutions. 35
2.4.9. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 35
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