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Automotive Fog Lights Market By Position (Front, Rear), By Product Type (Led Lights, HID (High Intensity Discharge), Halogen), By Color (White, Yellow), By Channel (OEMs, Aftermarket), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Off-Road) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

LED fog lights are rapidly emerging as the new choice of customers.

The global automotive fog lights market is expected to grow at a CAGR of 9.7% from 2019 to 2027, with a starting value of US$ 667.0 million in 2018. Automotive fog lights are useful in different climatic conditions, such as during fog, heavy rain, and low light conditions. There are different types of fog lights available in the market, such as LED, halogen, and HID, with LED rapidly emerging as the most popular type on account of its sleek design, long lifetime, and increased brightness.

Subsequently, LED lights have emerged as the new face of fog lights. New technology, such as Bluetooth-connected lights, is also booming in the market. Bluetooth-enabled fog lights incorporate added functionality in correlation with the vehicle's music system, thereby offering a more enhanced appearance. Moreover, the changing spending pattern of consumers towards automotive accessories is another supportive factor for the automotive fog light industry.

Market Synopsis

LED lighting will emerge as the market leader.

Currently, the halogen fog lights segment leads the market due to its dominance in the market and low cost. Nevertheless, the LED fog light segment will hold a prominent share in the forecast period due to its growing adoption and changes in the safety measures of the automotive industry.

LED fog lights offer different benefits such as more brightness, less energy consumption, a longer lifespan, a clear picture of the road, and various others. Compared with HID and halogen, LED fog lights are expensive, but consumers prefer them due to their advantages over their conventional halogen and HID counterparts.

Asia Pacific to Register the Fastest Growth in the Forecast Period

In 2018, Europe led the fog lights market worldwide with nearly 42% of the global market revenue, as front and rear fog lights are mandatory in the region. Since Asia Pacific is the largest market for automotive vehicles, auxiliary automotive accessories such as fog lights have witnessed substantial penetration in the region.

Furthermore, rising disposable income combined with safety concerns has resulted in strong demand for fog lights in the region. Considering the consistently growing automotive industry in Asia Pacific and a statement by the International Road Federation urging a mandate on front and rear fog lights, the region would exhibit the highest CAGR through the forecast period.

Some of the prominent players operating in the automotive fog lights market include OSRAM Licht AG, Hella KGaA Hueck & Co., Philips, Warn Industries, Inc., Stanley Electric Co., Ltd., Magneti Marelli S.p.A., Autolite India, PIAA Corporation, Inc., J.W. Speaker, Phoenix Lamps Ltd., and others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The automotive fog lights market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global automotive fog light market based on position, type, color, channel, vehicle, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of automotive fog lights in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for automotive fog lights?
  • What are the major trends followed in overall automotive fog lights across different regions?
  • What are the key market trends and high-growth opportunities observed in the automotive fog light market?
  • What are the drivers of the automotive fog light market?
  • Who are the key automotive fog light companies leading the market?
  • What are the key strategies adopted by the leading automotive fog light companies in the market?

This report's distinct data points

  • Statistics on automotive fog lights worldwide
  • Recent trends across different regions in terms of the adoption of automotive fog lights
  • Notable developments are going on in the fog light industry.
  • attractive investment proposition for the automotive fog lights segment as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for Automotive Fog Lights Market is expected to reach USD$ 667.0 Mn in 2027.

The Automotive Fog Lights Market is expected to see significant CAGR growth over the coming years, at 9.7%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Hella KGaA Hueck & Co., Philips, Warn Industries, Inc., Stanley Electric Co., Ltd., Magneti Marelli S.p.A. are some of the major players in the global market.

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Godaddy
Published Date:  Jun 2019
Category:  Automotive & Transportation
Report ID:   59727
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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