Automotive Lighting Market 2023: Vendor Overview By Key Customers, Offerings, Geographic And Segment Focus With Forecast To 2032
Sales for automotive lighting are expected to surpass US$ 45 Bn by registering a positive CAGR of 6% through the forecast period 2021-2031. Increasing demand for LED lights along with halogen lights is propelling the demand for automotive lighting. Historically, from 2016 to 2020, the sales of automotive lighting exceeded the sales of US$ 20 Bn by the end of the aforementioned period. As the COVID-19 pandemic took hold, sales of vehicles observed a decline in the initial quarters, attributed to substantial shortfalls in automotive output amid mandatory lockdowns. However, since Q4 2020, restrictions have lifted. This, in turn, is expected to upsurge the sales of automotive lighting. For Critical Insights on This Market, Request a Sample Report https://www.factmr.com/connectus/sample?flag=S&rep_id=4795 Manufacturers of automotive lighting are focusing on improving the efficiency of lights. In addition, these lights consume lesser energy. D...
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