Scope of the Study
The daytime running lamp is an automotive lighting device that is equipped in vehicles front and tailgate lights. It emits white, yellow or amber light to increase the visibility of the vehicle during daytime. The daytime running lamp are automatically switched on when the vehicle is in a motion.The daytime running lights market is directly related to the growth of the global automobiles market. The equipment is applicable in various countries to decrease the road accidents in extreme weather conditions. It has been observed that increasing production of vehicles by the key players in the market coupled with mergers and acquisition is expected to flourish the global daytime running lamp market in future. The manufacturers of daytime running lamp are expanding their businesses in Asia-Pacific countries as these countries are focused on development of automotive sectors.
The market study is being classified by Type (Halogen Lamps, LED Lamps, HID Lamps, OLED Lamps and Others), by Application (Automobile manufacture industry and Automobile aftermarket industry) and major geographies with country level break-up.
Advanced Lighting Technologies Inc. (United States), Biketronics Inc. (Russia), Custom Dynamics(r), LLC (United States), Custom LED LLC (United States), Federal-Mogul Corporation (United States), Flextronics International (Singapore), Hella KGaA Hueck & Co. (Germany), Changchun Hella Automotive Lighting Co., Ltd (China) and Ichikoh Industries Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Philips (Netherlands), Valeo (France), Magneti Marelli (Italy), Osram (Germany), General Electric (United States) and Koito Manufacturing (Japan).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Daytime Running Lamp market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Daytime Running Lamp market by Type, Application and Region. On the basis of Type, Product Type are dominating the market in the year 2018 where as LED Lamps stood as second largest market share.
On the basis of geography, the market of Daytime Running Lamp 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). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Illumination Type, the sub-segment i.e. Head Lights will boost the Daytime Running Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Car will boost the Daytime Running Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase Demand of Daytime Running Lamp at Automotive Vehicles.
- Rise in Demand of Advanced Technology Based Daytime Running Lights.
- High Productivity Generate Due to Long Life Span and High Resistivity.
- Increasing Number of Consumer Willing To Purchase Daytime Running Lamp.
- Collaboration and Tie Up Of Leading Players
- Vehicles Equipped with Tailgate Daytime Running lamps Create Distraction Due to its Rear View Mirror.
- Discourage Motorist to Use the Normal Standards Lights.
- Increase Demand of Day Running Lamp in Extreme Weather Conditions.
- Rise in Private Equity Investments in Automotive Industries.
- The Daytime Running Lamps increase Visual Glare.
- Substitutes Available for Daytime Running Lights.
Market Leaders and their expansionary development strategies
In January 2018, BMAC completely acquired Translec Ltd. This acquisition is beneficial in providing strong market proposition and synergies between the two companies. It also offers high quality, innovative lighting systems and associated electrical equipment to various end users.
"According to European Commission (EU), itís denoted that, DLRs are mandatory for all new cars and small delivery vans in the EU. Trucks and buses followed in August 2012. Vehicles produced before don't have to be retrofitted."
Key Target AudienceDaytime Running Lamps Manufacturers, Daytime Running Lamps Traders, End-Use Market Participants of Different Segments of Daytime Running Lamps, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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