Automotive Fog Light Market Attractiveness, Competitive Landscape and Forecasts to 2022

Dublin 2, Ireland, 2018-Apr-18 — /EPR Network/ — The global market discussion on automotive fog light industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Automotive Fog Light Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on automotive fog light market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to a latest report by Fact.MR, the global automotive fog lights market is estimated to reach revenues worth US$ 2,130.2 Mn in 2017. The market is projected to register steady CAGR, to surpass US$ 2,500 Mn in revenues by 2022-end.

3 Estimations from the Global Automotive Fog Lights Market

1. White fog lights will continue to remain sough-after in the market, with sales anticipated to exhibit the fastest expansion through 2022. This is mainly attributed to reduction in glares by white fog lights, which in turn enables drivers in better viewing the obstacles on roads. Blue fog lights will remain the second largest color emission type segment, with revenues estimated to account for more than one-fourth market share in 2017.

2. Based on positioning type, front fog lights are expected to remain preferred in the market during the forecast period. Sales of front fog lights will surpass US$ 2,000 Mn in revenues by 2022-end. However, adoption of rear fog light are expected to be comparatively lower than front fog lights, with sales poised to register a steady expansion through 2022. Rear fog light sales are estimated to witness a decline in market share between 2017 and 2022.

3. Aftermarket will continue to be the largest sales channel in the global automotive fog light market, with sales expected to register the fastest expansion through 2022. Working span of fog lights being limited to few thousand hours, aftermarket tends to be the target for growth opportunity. Fog light sales in OEM are anticipated to exhibit relatively lower CAGR through 2022 than aftermarket.

White Fog Lights will Continue to be Preferred in the Market

White fog lights are expected to remain preferred in the market, with sales poised to register the highest CAGR through 2022. This is primarily attributed to drastic reduction in glares produced by white fog lights, enabling drivers to better view the objects on roads. White fog light sales are estimated to surpass US$ 1,500 Mn in revenues by 2022-end. Blue fog lights will continue to be the second most lucrative color emission type segment in the market. Revenues from blue fog lights are expected to account for over one-fourth share of the market in 2017.

On the basis of positioning type, front fog lights will continue to be sought-after in the market. Revenues from sales of front fog lights are expected to surpass US$ 2,000 Mn by 2022-end. However, demand for rear fog light will remain comparatively lower in the market, with sales projected to register a moderate expansion through 2022. In addition, sales of rear fog lights will witness a decline of 32 BPS in its market share between 2017 and 2022.

Aftermarket will Remain the Largest Sales Channel in the Market

Aftermarket is expected to remain the largest sales channel for automotive fog lights, with sales expanding at the highest CAGR through 2022. As working durations of fog lights are limited to some thousand hours, aftermarket becomes the target sales channel for growth opportunity. Sales of fog lights in OEM are expected to register a comparatively lower CAGR than aftermarket through 2022.

Based on technology, LED fog lights will continue to be dominant in the market. Sales of LED fog lights are estimated to reach nearly US$ 1,800 Mn in revenues by 2022-end. Revenue from LED fog lights will account for largest share of the market in 2017, and gain 170 BPS by 2022-end. Sales of halogen fog lights are estimated to exhibit the lowest CAGR in the market through 2022. High intensity discharge (HID) will continue to be the second largest technology segment in the global automotive fog lights market during the forecast period.

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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
2.4. Global Automotive Filter Market impact factors. 33
2.5. Supply Chain. 36
2.6. Cost Structure. 37
2.7. Key Participants Market Presence (Intensity Map) By Region. 37

Chapter 3. Global Automotive Fog Light Market Analysis and Forecast By Colour Emission Type. 38
3.1. Global Automotive Fog Light Market Size and Forecast By Colour Emission Type, 2012-2022. 38
3.1.1. Blue Fog Light Automotive Fog Light Market Size and Forecast, 2012-2022. 38
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 38
3.1.1.2. Market Share Comparison, By Region. 40
3.1.1.3. Y-o-Y growth Comparison, By Region. 40
3.1.2. White Fog Light Automotive Fog Light Market Size and Forecast, 2012-2022. 41
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 41
3.1.2.2. Market Share Comparison, By Region. 43
3.1.2.3. Y-o-Y growth Comparison, By Region. 43

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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