Global Corner Light Market Overview:
The active cornering light system rotates the dipped beam bulb module horizontally with an integrated motor. Corner lights may be installed right beside the headlights or positioned on the fender's side or on the quarter panel. These can also be integrated into the bumper. Changing lanes and turning around corners can be especially difficult at night, so much so that some motorists often miscalculate the space or miss the mark. A corner light is definitely a real tangible object. It is mounted on the front of the vehicle, in the corner of the front fender, hence the name. It is located right next to the headlight, and on newer vehicles it is frequently combined into it. Corner lights most often have yellow, amber, or orange reflectors, though it is possible to have white or clear corner lights with yellow bulbs as well. Some of the key players profiled in the study are VOLKSWAGEN AG (Germany), HELLA GmbH & Co. KGaA (Germany), OSRAM GmbH (Germany), Koninklijke Philips N.V. (Netherlands), Zumtobel Group AG (Austria), Panasonic (Japan), Schneider Electric (France), Marelli (Italy), Valeo (France), Bosch (Germany) and Dialight plc (United States).
On the basis of geography, the market of Corner Light has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. High-Intensity Discharge (HID) will boost the Corner Light market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Corner Light market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Premium Segment Vehicles
- Growth in the Automotive Industry
- Increasing Demand for Adaptive Lighting
- Development of New Lightning Technologies
- High Cost of LED Lights
- Volatility of Raw Material Prices
- Increasing Demand for LED fog Light
- Growing Demand from the Developing Economies
- Increase in Competition from Local Companies
- Less Adoption Rate for Commercial Vehicle Segment
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Target Audience:Manufacturers of Automotive Corner Lights, Suppliers of Automotive Corner Lights, Wholesalers, Distributors and Retailers of Automotive Corner Lights, Automotive Industry, Regulatory Bodies and Governmental Bodies
Major Objectives Focused through this Study To define, describe, and forecast the Global Corner Light market on the basis of product [Halogen/Incandescent, Xenon/HID and LED] , application [Passenger Car and Commercial Vehicles [LCV, HCV]], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Corner Light market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Corner Light industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Corner Light market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.